Punch Powertrain and XPT to jointly produce electric powertrains

XPT, a supplier to NIO, is partnering with Punch Powertrain, the preferred electric powertrain supplier of Groupe PSA.

Autocar Pro News Desk By Autocar Pro News Desk calendar 18 May 2018 Views icon12508 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Punch Powertrain and XPT have signed a joint venture agreement that will establish a new manufacturing plant in Nanjing and will yearly supply hundreds of thousands of electric powertrains to customers of both partners.

The joint venture is established for the purpose of producing electric transmissions for pure EV applications. 10 million euro (Rs 80 crore) will be invested in a new production facility in Nanjing, where powertrains of both partners will be industrialized. Design and development of current and future products will remain within the parent companies, for which, both of them are capable of. 
The cooperation will begin with one single speed electric transmission by Punch Powertrain and one by XPT that will be brought into production by the beginning of 2019.

XPT is a global startup, based in China, focused on e-propulsion platforms, including electric drive systems and energy storage systems. XPT operates under the car manufacturer NIO, supplying primarily to NIO and also to other OEMs. XPT claims to have full design and development capabilities for electric propulsion systems. Punch Powertrain is an independent supplier of powertrains with over 45 years of experience in development and industrialization. The company had started with CVTs and in recent years expanded its portfolio with DCTs, Hybrid and Electric Powertrains.

groupepsa-punchpowertrain0554-699x380

An electrified transmission system from Punch Powertrain

This JV enables Punch Powertrain and XPT to accelerate its electrification rate and to increase the rate of production of electric powertrains.

Accelerating towards electrification

According to Punch Powertrain’s business intelligence, the move towards new energy vehicles will happen a lot faster than generally assumed by the ICE-minded automotive community. The company is moving towards cleaner and electrified drive systems by developing hybrid and fully electric powertrains.

 

Also read: 

Groupe PSA selects Punch Powertrain technology for its future electrified transmission systems

Tags: Nio,Groupe PSA
RELATED ARTICLES
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries

auther Autocar Pro News Desk calendar31 Jan 2023

The two companies are implementing Circulor’s traceability solution to follow upstream battery material production and t...

Toyota Tsusho begins production of Suzuki Swift in Ghana

auther Autocar Pro News Desk calendar31 Jan 2023

Toyota Tsusho Manufacturing Ghana commences assembly of SKD kits of the Swift hatchback; part of the expanding alliance ...

Renault to reduce stake in Nissan from 43% to 15%

auther Autocar Pro News Desk calendar30 Jan 2023

Renault, which holds a 43% stake in Nissan, to transfer 28.4% shares into a French trust; Nissan is to invest in Renault...