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Valeo and Siemens establish joint venture to manufacture high voltage powertrains

Valeo and Siemens announced that they established joint venture to manufacture high voltage powertrains. The new company is named Valeo Siemens eAutomotive. Both company each hold a 50% stake in the joint venture.　It is headquartered in Erlangen, Germany. It will have a total of around 1,000 employees. (From a press ....

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