Mexican Media Brands
Siemens, Valeo Launch EV Motor Venture
Siemens AG and Valeo SA have agreed to jointly make electric motors, onboard chargers, inverters and other high-voltage components for electric, plug-in and hybrid vehicles.
#hybrid
Share
Siemens AG and Valeo SA have agreed to jointly make electric motors, onboard chargers, inverters and other high-voltage components for electric, plug-in and hybrid vehicles. Financial details were not disclosed.
The 50:50 alliance hopes to begin operations late this year. The still-unnamed company, which will be headquartered in Erlangen, Germany, will combine Valeo’s 200-member E-Car Powertrain Systems unit with Siemens’ 500-member high-voltage power electronics operations.
Both companies will contribute their staff and know-how for systems handling more than 60 volts. Lower-voltage operations won’t be included. The venture will operate facilities in China, France, Hungary, Norway and Poland.
The partners say their product portfolios and geographical spread complement each other will help them develop a global base for their electro-mobility products.
RELATED CONTENT
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.