Siemens And Valeo Form Joint Venture In High-Voltage Powertrains For EVs
Two global automotive suppliers, Siemens and Valeo, announced a 50/50 joint venture agreement dedicated to high voltage powertrains. Valeo brings power electronics business (onboard chargers, inverters, DC/DC converters), while Siemens brings electric motors and inverters expertise under E-Car Powertrain Systems Business Unit. Combining the offers of the two companies, Valeo-Siemens probably… …read more