# AAM and Inovance Automotive form technology development agreement

American Axle & Manufacturing (AAM) and Suzhou Inovance Automotive have signed a technology development agreement to accelerate the development and delivery of scalable, next-generation 3-in-1 electric drive systems for the global NEV market.

- Type: Partnership
- Announced: 2021-01-11
- Status: announced
- Products: 3-in-1 electric drive systems, inverter, electric motor, gearbox
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Axle & Manufacturing Holdings, Inc.](https://endata.com/companies/16987.md) (partner)
- [Suzhou Inovance Automotive](https://endata.com/companies/52440.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/aam-and-inovance-automotive-form-technology-development-agreement-focused-on-next-generation-electric-drive-technology-301205150.html), 2021-01-11: "The global electric drive market continues to expand as increasingly stringent emissions regulations require innovative propulsion system solutions."

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