FPT Industrial signs battery deal with Microvast

FPT Industrial has signed a Memorandum of Understanding with Microvast for battery technology.
November 25, 2019 Read time: 1 min

FPT Industrial has signed a Memorandum of Understanding with Microvast for battery technology. This move will allow FPT Industrial to design and assemble battery packs in-house, at its facility in Turin, Italy. These will be utilised on construction machines from CNH Industrial as well as for third-party customers.

“FPT Industrial is a recognised leader in alternative propulsion systems, and this agreement further preparers us for the challenges facing our industry,” said Hubertus Mühlhäuser, CEO, CNH Industrial. “In a fast evolving sector, CNH Industrial is committed to entering into targeted partnerships to deliver advanced alternatives to traditional fuels, accelerating our journey to a sustainable tomorrow.”

Furthermore, as part of this cooperation, FPT Industrial will design and engineer a new e-platform to develop and industrialise complete electrified powertrain systems, customised and sized for specific applications, both for on-road and off-road applications.

Conclusion of negotiations for the definitive agreements is expected by Q1 2020.

Microvast, based in Houston, Texas, USA, 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.

Engines, Components & Tyres

For more information on companies in this article

Related Content

  • The world's first electric paver by Dynapac
    September 1, 2023
    The construction industry, long associated with noise, emissions and environmental impact, is undergoing a transformative shift towards sustainability and reduced carbon footprint. In response to the global call for more environmentally friendly construction practices, Dynapac, the renowned construction machine developer, has taken a monumental step forward with the introduction of the SD1800W e, an electric paver that promises to revolutionize the way we pave roads and surfaces.
    Read More
  • Kind of blue on emissions
    September 25, 2023
    Cleaner asphalt production will reduce blue smoke emissions.
    Read More
  • Hyundai and CNH forge alliance for mini excavators
    September 12, 2016
    Hyundai Heavy Industries and CNH Industrial are establishing a strategic alliance agreement for the mini excavator business. The two firms have agreed a 10-year-long-agreement with renewal option.
    Read More
  • Attitude is key to sustainability, says Volvo CE’s Thomas Bitter
    June 27, 2018
    Whether you are in the global Volvo Ocean Race or working on-site locally, sustainability is about attitude as much as technology. David Arminas reports. Technology, sustainability and safety. We ignore these often related themes at our peril. This was the key point made by Volvo Group chief executive Martin Lundstedt during his brief opening presentation at the start of the Building Tomorrow Conference in Spain last October. The conference took place within the harbour of Alicante that was bustling wit
    Read More

Highlighted Content