Joint Venture18 Feb 2025, 12:13 am
Uno Minda Ltd. Signs JV with Suzhou Inovance Automotive Co. Ltd. for High Voltage EV Powertrain Products Manufacturing in India
AI Summary
Uno Minda Ltd. has executed a Joint Venture Agreement with Uno Minda Auto Innovations Pvt. Ltd., Suzhou Inovance Automotive Co. Ltd., and Inovance Automotive (HK) Investment Co. Ltd. for the development and manufacturing of High Voltage Category of 4W PV & CV EV Powertrain Products such as Combined Charging Units, E Axle, Inverter, Motors, and others. The agreement was signed on February 17, 2025, and the information is available on the company's website.
Key Highlights
- Uno Minda Ltd. has signed a Joint Venture Agreement with Suzhou Inovance Automotive Co. Ltd. and other partners
- The JV aims to develop and manufacture High Voltage Category of 4W PV & CV EV Powertrain Products
- The agreement includes the production of Combined Charging Units, E Axle, Inverter, Motors, and other components
- The JV is expected to strengthen Uno Minda's presence in the EV industry
- The information regarding the JV is available on the Uno Minda Ltd. website