In a development aimed at boosting sustainable mobility, Vitesco Technologies has signed a strategic cooperation agreement with leading Chinese steel conglomerate, Baosteel.
The two companies aim to initiate joint efforts on new materials based on high grade non-oriented silicon steel, promote the development of e-mobility technology, and create a model of shared value in the industry.
Vitesco, which is a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, aims to use the high grade non-oriented silicon steel in stator and rotor laminations for drive motors. A release issued by the company stated that its high magnetic induction intensity as well as low iron loss features can significantly improve the efficiency and stability of motors.
Through this cooperation, both parties will jointly carry out the development collaboration on related new materials and technology design to expand the use of this high-grade silicon steel in the automotive field. These would eventually get into Vitesco’s e-drive systems and thermal management systems in the future.
Vitesco hopes “the high-quality performance brought by the electromagnetic performance and mechanical properties” will help them to continuously provide leading electrification solutions.
Win-Win Proposition
Gregoire Cuny, head of Vitesco Technologies China, said the success and growth of Vitesco Technologies in this fast-developing market depend to a large extent on the strong support of its partners. “Stepping into this cooperation with Baosteel, I believe we will strengthen our activities and goals in the area of technologies and sustainability,” he said.
Hu Hong, member of the Standing Committee of the Party Committee and Deputy General Manager, Baosteel called the cooperation “a valuable process of win-win results”. It was in 2018 that Baosteel had started the cooperation on the materials of motors on the EMR3 platform. “Today’s strategic cooperation agreement will bring our partnership to a higher level and make more contributions to the e-mobility industry,” Hong said.
Focus On Sustainability
Both Vitesco and Baosteel are deeply focussed on sustainability, carbon peak and carbon neutrality. They have committed to work together to explore carbon reduction measures and actively pursue their ambitious sustainability goals. Vitesco, in fact, has set itself the goal of achieving carbon neutrality in production and operation by 2030, and to realise carbon neutrality in the entire value chain by 2040 at the latest.
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