Bosch acquires motor maker EM-motive from Daimler

By Dyllan Furness Bosch has acquired electric motor manufacturer EM-motive from Daimler. Since Bosch and Daimler set up EM-motive as a fifty-fifty joint venture in 2011, the company has manufactured some 450,000 electric motors.
“For Bosch, the complete acquisition of EM-motive is the next logical step on the path to becoming the market leader …read more

Source:: https://chargedevs.com/newswire/bosch-acquires-motor-maker-em-motive-from-daimler/