Punch Powertrain and Groupe PSA form EUR180M NEV gearbox JV in Belgium

Punch Powertrain, a Belgian unit of Chinese real estate developer Yinyi, and Groupe PSA plan to form a joint venture with registered capital of EUR180 million in Sint-Truiden, Belgium, to produce DT2 dual clutch transmissions for new energy vehicles. Punch will hold 61% and PSA 39%.

“Belgian transmission maker Punch Powertrain plans to set up a joint venture with French car-making giant Groupe PSA, with registered capital of EUR180 million.”www2.yicaiglobal.com

• 2 sources
• www2.yicaiglobal.comChinese Realtor Yinyi’s Belgian Unit, Groupe PSA to Form USD202 Million NEV Gearbox JVDou ShicongJun 3, 2020
• vipress.netPSA et le Belge Punch Powertrain étendent leur partenariat dans l'électrification - VIPress.netFrédéric FassotJun 3, 2020

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