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TECO buys 25% stake in Zept for e-car powertrain joint development · Endata

◂ Announcements

Apr 12, 2021ACQUISITIONTWN

TECO buys 25% stake in Zept for e-car powertrain joint development

TECO Electric & Machinery purchased a 25% stake in Zept Corp., gaining a board seat, to jointly develop e-car powertrain systems. The alliance targets Taiwan and Asia-Pacific markets.

Status

Announced

Productse-car powertrainelectric motorselectric control unitstransmissions

CompaniesTeco Electric & Machinery Co. acquirer Zept Corp. target

Sectors#Automotive Components

“TECO Electricd & Machinery announced today (April 12) purchase of 25% stake in Zept Corp., which enables it to have a seat on the latter's board of directors, forming an alliance for the development of e-car powertrain.”teco.com.tw

1 source
teco.com.twTECO Buys Into Zept for Joint Development of E-Car Powertrain | TECO CorporationApr 12, 2021

Summarized from public sources; check the original articles before acting on it.

More from Teco Electric & Machinery Co.

Nov 20, 2020PARTNERSHIPTaipei, Taiwan, TWN
Teco Electric and Walsin Lihwa form strategic alliance via share exchange
Teco Electric & Machinery Co. partner Walsin Lihwa Corporation partner taipeitimes.com
Jul 24, 2019NEW FACILITYBecamex Industrial Park III, Binh Duong Province, Vietnam$12.0Mops 23 Jul 2019
Teco opens USD 12 million small-motor plant in Vietnam
Teco Electric & Machinery Co.futurecoo.net
Sep 20, 2018NEW FACILITYKCN My Phuoc III Park, Binh Duong Province, Vietnamops Apr 2019
TECO breaks ground on Vietnam small-motor plant in Binh Duong
Teco Electric & Machinery Co.tecoplus.com
Jun 1, 2017NEW FACILITYJhongli District, Taoyuan, TWN$10.0Mops 1 Jun 2017
Teco unveils automated production center in Taoyuan
Teco Electric & Machinery Co.taipeitimes.com

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