Siemens and Valeo to form joint venture in high-voltage electric powertrains
Green Car Congress
APRIL 18, 2016
Valeo will be contributing its high-voltage power electronics business, including 200 employees of which 90 are based in France, and which is part of the Powertrain Systems Business Group (PTS). Subject to approval of the relevant authorities, the joint venture is expected to start operations in the last quarter of calendar year 2016.
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