Press Release4 Sept 2024, 04:46 pm
Minda Corp Signs Technology Licensing Agreement with Sanco for EV Electrical Distribution Systems
AI Summary
Minda Corporation Limited, the flagship company of Spark Minda, has announced the signing of a Technology Licensing Agreement with Sanco Connecting Technology, China, a leader in Electric Vehicle (EV) connection systems. This agreement will enhance Minda Corp's product portfolio in the growing EV industry, enabling it to design, develop, and manufacture advanced EDS solutions locally for the EV customers in India. This partnership will strengthen Minda Corporation’s vertical integration capabilities and reinforce its position as a key player in the EV Supply chain eco-system.
Key Highlights
- Minda Corp signs Technology Licensing Agreement with Sanco for Electrical Distribution Systems (EDS) solutions for the EV market.
- The partnership will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU) and Battery Distribution Units (BDU).
- This collaboration will significantly boost Sanco’s presence in India’s expanding EV market.
- Minda Corporation will design, develop and manufacture advanced EDS solutions locally for the EV customers in India.
- The partnership strengthens Minda Corporation’s vertical integration capabilities and reinforces its position as a key player in the EV Supply chain eco-system.