# 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.

- Type: Partnership
- Announced: 2018-02-06
- Where: Jiangsu province, China
- Status: announced
- Products: powertrain inverters for new-energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fawer Automotive Parts](https://endata.com/companies/3391.md) (partner)
- [Valeo Siemens eAutomotive GmbH](https://endata.com/companies/20405.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/valeo-siemens-fawer-auto-parts-team-up-to-produce-nev-powertrains), 2018-02-09: "The pair penned a memorandum of understanding on Feb. 6, Jilin-based Fawer said in a statement yesterday."

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