Bosch has acquired electric motor manufacturer EM-motive from Daimler. Since Bosch and Daimler set up EM-motive as a fifty-fifty joint venture in 2011, the company has manufactured some 450,000 electric motors.

“For Bosch, the complete acquisition of EM-motive is the next logical step on the path to becoming the market leader for electromobility,” said Stefan Hartung, a chairman of Bosch’s Mobility Solutions business sector. “It’s a chance to establish an even broader presence in the market.”

“The company’s electric motors already feature in vehicles made by Daimler, Porsche, Fiat, Volvo, Peugeot, and StreetScooter, among others,” says Mathias Pillin, a member of the Powertrain Solutions executive management team, who is responsible for the EV market segment. “With this move, Bosch above all intends to acquire new customers in the rapidly growing global market.”

Source: Bosch