In a bid to offer integrated e-axle systems for Electric Vehicles (EVs) Marelli, a leading global automotive supplier, and PUNCH, a supplier for the development, integration and manufacturing of driveline and powertrain solutions, have reached an agreement to form a joint venture.
E-axles are a key system of electric vehicles. While Marelli will supply electric motors and inverters, including software for the e-axles, PUNCH will contribute gearbox components and development as well as manufacturing expertise.
With the majority stake owned by Marelli, the joint venture will develop and assemble e-axle systems targeted specifically toward the markets in Europe and the Americas.
The new enterprise, Marelli Electric Powertrain Strasbourg (France) SAS, will be headquartered at PUNCH’s site in Strasbourg, France, in proximity to major European vehicle makers. The joint venture will have a facility for production, prototyping and testing on-site.
Hannes Prenn, Executive Vice President and CEO of Marelli’s Electric Powertrain business, said, “PUNCH’s and Marelli’s strengths in the field of electric powertrains are a great match. The joint venture is an important milestone in Marelli’s e-mobility growth strategy. With this cooperation, we further expand our unique offering as a full system provider for electric powertrains, which is complemented by our thermal and battery management solutions.”
Guido Dumarey, Founder & CEO, PUNCH, said, “PUNCH wants to be a major player for reducers as part of complete e-axles, representing one of the key components for electric mobility. The partnership with Marelli is an enabler for us to accelerate and execute our long-term strategy from fossil to electric and ultimately clean hydrogen powertrain systems,”