Valeo and Siemens establish joint venture to manufacture high voltage powertrains  [ Germany ]

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 release on December 1)
<Dec 01, 2016>