Mexican Media Brands
Valeo, Siemens Finalize EV Motor Venture
Today Siemens AG and Valeo SA officially launched the joint venture they announced in April to make electric motors and other components for hybrid and all-electric vehicles.
#hybrid
Share
Today Siemens AG and Valeo SA officially launched the joint venture they announced in April to make electric motors and other components for hybrid and all-electric vehicles.
Dubbed Valeo Siemens eAutomotive GmbH, the 50:50 partnership will be based in Erlangen, Germany. The venture will employ about 1,000 people at existing production and research and development facilities in China, France, Germany, Hungary, Norway and Poland.
Louis Pourdieu has been named CEO of the venture, and Peter Geilen will serve as chief financial officer. Pourdieu had been a product line manager for Valeo; Geilen was CFO for Siemens operations in Belgium.
The venture will specialize in systems that can handle more than 60 volts. In addition to high-voltage motors, the company will develop and produce onboard chargers, DC/DC converters, inverters and range extenders for electrified cars and light commercial vehicles.
Valeo will contribute its expertise in high-voltage power electronics, range extenders and charging systems. Siemens will provide know-how for electric motors and power electronics. The partners expect to realize “substantial” manufacturing and purchasing synergies by combining operations.
RELATED CONTENT
-
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.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
Honda to Make Hybrids in Thailand
Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.