Uno Minda ties up with Chinese firm for production of EV components
Uno Minda on Wednesday said it has tied up with China's Suzhou lnovance Automotive Co for production of electric vehicle components. The company has entered into a technical licence agreement with Suzhou for manufacture and sale of select high voltage category electric vehicle products for both passenger and commercial vehicles, Uno Minda said in a statement.
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The products, which would be produced, include charging control unit, inverter, motors and electric drive systems, it added.
«Similar to our success in electric-two wheeler segment, we are building a strong portfolio for electric four wheeler vertical,» Uno Minda Group CMD Nirmal K Minda stated.
The company aims to further strengthen the partnership by transitioning it into a joint venture, subject to necessary approvals, it added.
Founded in 2003, lnovance is a leading provider of products and solutions to various segments, including rail transit and new-energy vehicles (NEV).
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