FPT Industrial signs MoU with Microvast to develop and offer Battery Power Systems
FPT Industrial, brand of CNH Industrial, dedicated to the design,
production and sale of powertrains for on and off-road vehicles, marine
and power generation applications, signed a memorandum of understanding
foreseeing an industrial and commercial cooperation with Microvast,
which will enable FPT Industrial to design and assemble in-house
high-voltage battery packs, to be offered on CNH Industrial vehicles and
to third-party customers.
“FPT Industrial is a recognised leader in alternative propulsion systems, and this agreement further prepares us for the challenges facing our industry,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial. “In a fast-evolving sector, CNH Industrial is committed to entering into targeted partnerships to deliver advanced alternatives to traditional fuels, this accelerates our journey to a sustainable tomorrow.”
Additionally, as part of this cooperation, FPT Industrial will start a new e-platform to develop and industrialise complete electrified powertrain systems, customised and sized for specific missions, with the aim to guarantee the most efficient performances both for on-road and off-road applications.
“This collaboration sets a faster pace to our innovation journey,” stated Annalisa Stupenengo, President Powertrain. “We are increasingly involved with the development of multiple power technologies and this agreement can strategically provide us with competitive advantages for our global operations.”
Conclusion of negotiations for the definitive agreements, including cooperation and license contracts, is expected by Q1 2020.
Microvast, based in Houston, Texas, U.S.A., is a market leader in the design, development and manufacturing of ultra-fast charging, long-life battery power systems with superior safety for electric vehicles.
Additionally, as part of this cooperation, FPT Industrial will start a new e-platform to develop and industrialise complete electrified powertrain systems, customised and sized for specific missions, with the aim to guarantee the most efficient performances both for on-road and off-road applications.
“This collaboration sets a faster pace to our innovation journey,” stated Annalisa Stupenengo, President Powertrain. “We are increasingly involved with the development of multiple power technologies and this agreement can strategically provide us with competitive advantages for our global operations.”
Conclusion of negotiations for the definitive agreements, including cooperation and license contracts, is expected by Q1 2020.
Microvast, based in Houston, Texas, U.S.A., is a market leader in the design, development and manufacturing of ultra-fast charging, long-life battery power systems with superior safety for electric vehicles.
The Latest News, Brought To You By TaaS News
FPT Industrial signs MoU with Microvast to develop and offer Battery Power Systems
Modified on Tuesday 26th November 2019
Find all articles related to:
FPT Industrial signs MoU with Microvast to develop and offer Battery Power Systems
FPT Industrial signs MoU with Microvast to develop and offer Battery Power Systems
Modified on Tuesday 26th November 2019
Find all articles related to:
FPT Industrial signs MoU with Microvast to develop and offer Battery Power Systems
TaaS Technology Magazine