CNH, FPT Industrial signs memorandum with Microvast for electric batteries


(Teleborsa) – FPT Industrial, the brand specializing in the Group's engines CNH Industrial, has signed a memorandum of understanding with Microvast for a collaboration aimed at design and assemble battery packs internally, at the Turin plant and thus directly supply CNH Industrial and third-party customers. The deadline for a possible agreement is set for first quarter of 2020."FPT Industrial is a recognized leader in alternative propulsion systems and this agreement puts us in a better position to face the challenges of our industrial sector," said CNH CEO Hubertus Muhlhauser, recalling that the Group is committed "to launching targeted alliances in order to offer cutting-edge alternatives to traditional fuels, thus accelerating our journey towards a sustainable tomorrow".

As part of this collaboration, FPT Industrial will design and engineer one new "electric platform" and will industrialize gods complete electric powertrains, made to measure and sized on the basis of specific missions, with the aim of guaranteeing the most
efficient performance for road and non-road applications.

Texas society Microvast, based in Houston (USA) is a leader market in the design, development and production of long-life ultra-fast recharge battery systems, with high safety standards, for electric vehicles.

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