# Punch Powerglide invests €40M in Strasbourg for e-axle components

Punch Powerglide is investing €40 million to produce gears and shafts for electric axles at its Strasbourg plant, under a production contract signed with Nidec PSA E-Motors, a joint venture between Stellantis and Nidec's Leroy-Somer subsidiary. Production is expected to start by 2024.

- Type: Investment
- Announced: 2022-10-10
- Where: Strasbourg, France
- Value: $40.0M (40.0M EUR)
- Starts operating: 2024
- Status: announced
- Capacity: 200,000 to 400,000 products per year
- Products: gears for electric axles, shafts for electric axles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Punch Powerglide](https://endata.com/companies/28834.md)
- [Nidec](https://endata.com/companies/1321.md) (partner)
- [Stellantis](https://endata.com/companies/7966.md) (partner)
- [Nidec PSA E-Motors](https://endata.com/companies/66192.md) (customer)

## Sources

- [lesechos.fr](https://www.lesechos.fr/pme-regions/grand-est/automobile-punch-powerglide-investit-40-millions-deuros-a-strasbourg-1867529), 2022-10-10: "Pour des projets de cet ordre, nous mettons généralement en place une capacité de 200.000 à 400.000 produits par an pour une durée de vie de six à dix ans."

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