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hybrid and electric vehicles

Romeo Power finds battery packs partner in BorgWarner

Wed, 05/08/2019 - 12:51 -- John Shepherd
Romeo Power finds battery packs partner in BorgWarner

US-based automotive industry components and parts supplier BorgWarner is to enter the batteries market under a joint venture with California energy storage start-up Romeo Power.

BorgWarner will be the majority partner in the 60-40 joint venture— also taking a 20% equity stake in Romeo and two seats on that company’s board. 

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