Norwegian battery company Corvus Energy has signed a new partnership with Chinese electric vehicle giant BYD to develop batteries for ships.
The agreement was signed at a battery industry event in Shenzhen and is aimed at supporting the shipping industry’s shift toward cleaner and more electric solutions, according to Chinese EV industry media outlet CnEVPost and an announcement from BYD.
The two companies will work together on lithium iron phosphate (LFP) battery systems designed for maritime use.
Corvus Energy, which is headquartered in Bergen, is one of the world’s biggest suppliers of marine battery systems and says it holds more than half of the global market for zero-emission maritime solutions.
BYD is best known for its electric cars, but the company has also expanded rapidly in battery and energy storage technology.
