Sanden is investing €68 million in a new assembly line for electric-vehicle automotive compressors at its Tinténiac site in Brittany, with 17% financed by the French state under France 2030. The line is being installed since autumn 2024.
ACI Groupe announced the acquisition of JTEKT's hydroelectric pump business in Europe, including the Blois production site and the Chennevières-sur-Marne technical centre. The business will be renamed ENERFLUX and integrated into ACI's Engineering to Product unit.
Sogefi received a series order from a German premium carmaker for a cooling water distributor module for its next-generation full-electric platform, with about 200,000 parts over seven years and production from 2023 at its Orbey plant in France.
Plastic Omnium and start-up Greenerwave formed an exclusive partnership to develop a 4D imaging radar for vehicles, expected in 2025, with prototypes in 2022.
Chinese appliance group Hisense Home Appliances will acquire 75% of Sanden and inject 175 million euros of capital, with the shareholder change to be approved at the May 7 shareholder meeting. Sanden's only French plant is in Tintenia near Rennes.
Chinese group Hisense is set to acquire 75% of Japanese compressor maker Sanden via a share issue worth about 21.4 billion yen (about 178 million euros). The process is to be finalised at a shareholder meeting on May 7, and affects the Tinteniac plant in France.
Hutchinson has taken a majority share in TCSA, a joint venture with MANN+HUMMEL in Laval, France, making thermal management and cooling systems for EV and HEV vehicles. The unit employs around 60 people and is already operational.
Faurecia acquired exclusive access to intellectual property and process know-how for composite hydrogen tanks from Stelia Aerospace Composites, to develop high-pressure tanks for fuel cell electric vehicles.