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23 05 2018 02

Punch Powertrain and XPT have signed a joint venture agreement that will establish a new manufacturing plant in Nanjing and will yearly supply hundreds of thousands of electric powertrains for pure EV applications to customers of both partners.

The partners will invest €10 million in a new production facility in Nanjing, where powertrains of both partners will be industrialized. Design and development of current and future products will remain within the parent companies. To start the cooperation, one single-speed electric transmission by Punch Powertrain and one by XPT will be brought in production beginning of 2019.

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