Valeo Siemens and Fawer Auto Parts to form JV for NEV powertrains

Fawer Automotive Parts and Valeo Siemens eAutomotive signed a memorandum of understanding to form a joint venture in Jiangsu province to produce powertrain inverters for new-energy vehicles, with Fawer taking a 49.5% stake.

“The pair penned a memorandum of understanding on Feb. 6, Jilin-based Fawer said in a statement yesterday.”yicaiglobal.com

• 1 source
• yicaiglobal.comValeo Siemens, Fawer Auto Parts Team Up to Produce NEV PowertrainsTang ShihuaFeb 9, 2018

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