Siemens, Valeo form joint venture in high-voltage electric powertrains
Valeo to provide its high-voltage power electronics business, Siemens to contribute its E-Car Powertrain Systems Business Unit
Siemens and Valeo have formed a joint venture (JV) to develop high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles, says a press release by Siemens. Each company has a 50% stake in the JV, have joint control and account for their respective stake using the equity method.
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