The powertrain joint venture announced in April by tech giants Valeo and Siemens has begun operations. Valeo Siemens eAutomotive is headquartered in Erlangen, Germany, and is expected to have some 1,000 employees. It has plans to establish R&D centers in Europe and China.
The JV’s portfolio includes motors, range extenders, onboard chargers, inverters and DC/DC converters, aimed at the entire range of electrified vehicles including hybrids, PHEVS and EVs.
Valeo will contribute its high-voltage power electronics, range extenders and charging solutions, and Siemens is making available its eCar Powertrain Systems business unit, including e-motors and power electronics.
“This joint venture will enable us to provide solutions for all vehicle manufacturers, whatever their powertrain electrification needs” said Valeo CEO Jacques Aschenbroich.