Seven months after signing the agreement, Valeo’s and Siemens’ joint venture dedicated to high voltage powertrains for on road vehicles will start its operation immediately. The joint venture is named “Valeo Siemens eAutomotive”. Both companies will each hold 50 percent stake and have joint control. The new company will be a global leader in the electro mobility market and supply innovative and affordable high-voltage components and systems for on road electric vehicles including hybrids, plug-in hybrids and full electric vehicles.
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