Mexican Media Brands
Haldex, Chinese Partner Form Joint Venture for Electromechanical Brakes
Sweden’s Haldex AB and China’s Zhejiang VIE Science and Technology Co. have formed a 50:50 joint venture to develop, produce and sell electromechanical brake systems for electric vehicles in Asia.
#hybrid
Share
Sweden’s Haldex AB and China’s Zhejiang VIE Science and Technology Co. have formed a 50:50 joint venture to develop, produce and sell electromechanical brake systems for electric commercial vehicles in Asia.
Based in Shanghai, the joint venture will be called Haldex VIE (China) Electro Mechanical Brake Systems Co. It will focus on braking systems for electric buses and other special-purpose vehicles.
The partners plan to build on Haldex’s early development of electromechanical brake systems and VIE’s Chinese customer base. Both companies will provide financial and engineering resources.
Haldex is best known for supplying high-performance all-wheel-drive, braking and suspension systems to Volvo. It has identified electromechanical brakes as a growth market. Zhujii-based VIE produces air and hydraulic brakes for a wide range of commercial and passenger vehicles. The Chinese supplier also makes steering and electric control systems for cars.
The Chinese market for electric buses is expected to grow 47% from 2015 to more than 141,000 vehicles by 2020, according to the partners.
RELATED CONTENT
-
Frito-Lay, Transportation and the Environment
Addressing greenhouse gas reduction in the snack food supply chain
-
Study: Nearly 60% of EV Sales in 2035 Will Be in China
Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.