FPT Industrial signs MoU with Microvast

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 recognized leader in alternative propulsion systems, and this agreement
further prepares 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, 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 industrialize complete electrified powertrain systems with the aim to guarantee the most efficient performances both for on-road and offroad applications. “This collaboration sets a faster pace to our innovation journey”, states 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.”

Source: FPT Industrial