# Valeo and Siemens launch joint venture Valeo Siemens eAutomotive

Valeo and Siemens closed their joint venture, Valeo Siemens eAutomotive GmbH, to supply high-voltage powertrain components for electric vehicles. Each holds a 50% stake.

- Type: Acquisition
- Announced: 2016-12-01
- Where: Erlangen, Germany, Germany
- Jobs: 1,000
- Status: completed
- Products: e-motors, range extenders, onboard chargers, inverters, DC/DC converters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (partner)
- [Valeo](https://endata.com/companies/655.md) (partner)
- [Valeo Siemens eAutomotive GmbH](https://endata.com/companies/20405.md) (target)

## Sources

- [valeo.com](https://www.valeo.com/en/the-joint-venture-by-valeo-and-siemens-dedicated-to-high-voltage-powertrains-starts-operation/), 2016-12-01: "The joint venture between Valeo and Siemens dedicated to high voltage powertrains starts operation."
- [eepower.com](https://eepower.com/news/valeo-and-siemens-jv-dedicated-to-hv-powertrains/), 2016-12-04: "Only seven months after signing of the agreement, we are happy to announce the closing of our transaction and start of operations of our joint venture with Valeo."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.