Corbetta, Italy
Leading global automotive supplier, Marelli and PUNCH, a supplier for the development, integration and manufacturing of driveline and powertrain solutions, have announced the formation of a joint venture focused on e-axle solutions. The two companies will combine their extensive expertise in the area of electric powertrains to offer integrated systems for electric vehicles.
The joint venture will be majorly owned by Marelli and will form a new enterprise named Marelli Electric Powertrain Strasbourg (France) SAS, headquartered at PUNCH’s site in Strasbourg, France. This way, it will be closer to major European vehicle makers. It will have a facility for production, prototyping and testing on-site for optimised integrated e-axle solutions.
The company will develop and assemble e-axle systems especially for the European and the American markets. While Marelli will supply electric motors and inverters including software for the e-axles, PUNCH will contribute gearbox components along with providing development and manufacturing expertise.
Hannes Prenn, Executive Vice President and CEO, Marelli’s Electric Powertrain business said, “PUNCH’s and Marelli’s strengths in the field of electric powertrains are a great match. The joint venture is an important milestone in Marelli’s e-mobility growth strategy. With this cooperation, we further expand our unique offering as a full system provider for electric powertrains which is complemented by our thermal and battery management solutions.”
Guido Dumarey, Founder and CEO, PUNCH said, “PUNCH wants to be a major player for reducers as part of complete e-axles, representing one of the key components for electric mobility. 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.”
The joint venture will accelerate Marelli’s shift toward electrification through the development and assembly of integrated e-axles for electric vehicles. It will also advance PUNCH’s long-term e-mobility strategy towards clean hydrogen energy.
Source – MARELLI Press Release
Image Source: Marelli Website
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