<div id="readability-page-1"><blockquote><ul><li>BYD and Corvus Energy will jointly develop high-rate marine LFP battery systems.</li><li>The agreement highlights a broader trend of Chinese battery makers expanding their global footprint.</li></ul></blockquote><figure id="attachment_140791"><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051310031257.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="746" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051310031257.jpg"/><figcaption id="caption-attachment-140791">(Image credit: BYD)</figcaption></figure><p>BYD (HKEX: 1211) has signed a strategic cooperation agreement with Norway's Corvus Energy AS, aiming to accelerate the electrification of the global maritime industry.</p><p>The energy storage unit of the Chinese auto and battery giant held a signing ceremony on Wednesday during the 18th China International Battery Fair in Shenzhen.</p><p>The two companies plan to deeply integrate their respective resources and technological advantages in the maritime new energy sector, according to an announcement.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>BYD and Corvus will collaborate on technology synergy and market expansion to jointly promote the research and development, certification, and large-scale implementation of high-rate marine lithium iron phosphate (LFP) battery systems, the announcement said.</p><p>Headquartered in Bergen, Norway, Corvus was founded in Canada in 2009 and is a leading global developer of marine energy storage systems.</p><p>The company has been deeply involved in the marine battery sector for years, holding more than a 50% global market share in maritime zero-emission solutions.</p><p>BYD's energy storage business, launched in 2008, has built a complete industrial chain, with its high-safety and high-rate battery solutions widely applied in various scenarios including electric vessels and industrial equipment.</p><p>The move aligns with a broader trend of Chinese battery manufacturers continuously expanding their global business footprint.</p><p>Just on Tuesday, Eve Energy signed an 8 GWh energy storage order with Indian energy firm Godawari New Energy Private Limited (GNEPL).</p><p>Eve Energy's deal marks a breakthrough in the South Asian market, and these moves underscore how Chinese companies are actively seizing the historic opportunities presented by the global transition to low-carbon energy structures.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051307210726-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051307210726-768x432.jpg"/>                            </p>        </div>        <div>            <p>CATL chief scientist explains how AI accelerates battery R&amp;D</p>            <p>AI is so powerful that its capability to optimize many process parameters even surpasses the understanding of engineers.</p>                    </div>    </div>                                                                                    </div>

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<p>BYD has signed a strategic cooperation agreement with Norway's Corvus Energy to develop high-rate marine lithium iron phosphate (LFP) battery systems. This partnership aims to enhance the electrification of the global maritime industry by integrating resources and technology. Corvus Energy, a leader in marine energy storage, holds over 50% of the global market share in zero-emission solutions. This collaboration reflects the trend of Chinese battery manufacturers expanding their global presence, as seen with Eve Energy's recent deal in India.</p>

- BYD and Corvus Energy have signed a strategic agreement to develop high-rate marine lithium iron phosphate (LFP) battery systems, aiming to support the electrification of the maritime industry.  
- This partnership reflects a broader trend of Chinese battery manufacturers, like BYD, expanding their global presence, following Eve Energy's recent 8 GWh order in India.  
- Both companies intend to leverage their resources for research, certification, and large-scale deployment of battery technology across the maritime sector.

BYD strikes strategic marine battery deal with Norway's Corvus Energy