In April 2016, the two companies had announced their intention to form a joint-venture in high-voltage powertrains for on-road vehicles. This 50/50 operation is now starting with Valeo contributing its high-voltage power electronics, range extenders, and charging solutions, whereas Siemens supplies the car industry with e-motors and power electronics. The two companies believe that demand for these products will increase by 20% annually through to 2020.
As the joint-venture is equally owned by ....
02 Dec 2016
Valeo and Siemens start joint-venture
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Valeo and Siemens start joint-venture
In April 2016, the two companies had announced their intention to form a joint-venture in high-voltage powertrains for on-road vehicles. This 50/50 operation is now starting with Valeo contributing its high-voltage power electronics, range extenders, and charging solutions, whereas Siemens supplies the car industry with e-motors and power electronics. The two companies believe that demand for these products will increase by 20% annually through to 2020.
As the joint-venture is equally owned by ....