Chinese automaker BYD has entered into a strategic cooperation agreement with Norway’s Corvus Energy to support the electrification of the global maritime sector. The agreement, signed at the 18th China International Battery Fair in Shenzhen, aims to combine the two companies’ resources and expertise to advance high-rate marine lithium iron phosphate (LFP) battery systems.
Under the partnership, BYD’s energy storage division and Corvus Energy will work together on technology integration, product certification, and market development. Their collaboration is designed to accelerate research and development, streamline certification processes, and enable large-scale deployment of LFP battery solutions tailored for electric vessels and other marine applications.
Corvus Energy, based in Bergen and originally founded in Canada in 2009, is a leading supplier of marine energy storage systems with more than half of the worldwide market share in zero-emission maritime solutions. BYD, which established its energy storage business in 2008, has developed a vertically integrated battery production chain. Its high-safety, high-rate battery products are already in use across multiple sectors, including electric ferries, workboats, and industrial equipment.
This agreement reflects a broader trend of Chinese battery manufacturers expanding their international reach as the global maritime industry seeks cleaner energy alternatives. A recent example of this trend is the agreement between Chinese firm Eve Energy and India’s Godawari New Energy, under which Eve Energy will supply 8 GWh of energy storage solutions for projects in South Asia.
Industry observers note that these partnerships highlight the rapid growth of zero-emission technologies in the transportation and energy-storage markets. By leveraging their combined capabilities, BYD and Corvus Energy aim to meet rising demand for reliable, large-scale marine battery systems, supporting the ongoing shift toward low-carbon maritime operations.
Source: CnEV Post
