Marelli & Punch form joint venture to develop e-axle drives
The Italian automotive supplier Marelli, and Punch, a supplier for the development, integration and manufacturing of driveline and powertrain solutions, have reached an agreement to form a joint venture focused on e-axle solutions.
For the upcoming joint venture, both companies combine their extensive expertise in electric powertrains to offer integrated systems for electric vehicles. The joint venture is to be majority-owned by Marelli and will be focused on a system approach for optimized, integrated e-axle drive solutions. The company will develop and assemble e-axle systems, specifically targeting the markets in Europe and the Americas.
“PUNCH’s and Marelli’s strengths in the field of electric powertrains are a great match,” said Hannes Prenn, Executive Vice President and CEO of Marelli’s Electric Powertrain business. The joint venture is an important milestone in Marelli’s e-mobility growth strategy.” Marelli also recently launched a project with the Fraunhofer Institute to develop power modules for motorsports.
“PUNCH wants to be a major player for reducers as part of complete e-axles, representing one of the key components for electric mobility,” added Guido Dumarey, founder and CEO of PUNCH. “The partnership with Marelli is an enabler for us to accelerate and execute our long-term strategy from fossil to electric and ultimately clean hydrogen powertrain systems.”
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