Punch Powertrain and XPT Establish a Joint Venture
In May this year, Punch Powertrain and XPT, an international start-up, located in China, specialized in E-propulsion units, have entered into an agreement that will give birth to a new production enterprise in Nanjing. It is planned that the new plant will manufacture Electric Powertrains and the annual output will be at a rate of hundreds of thousands of units.
The main objective of this promising deal lies
in manufacturing of advanced Electric Gearboxes for environment-oriented E-cars.
Under the agreement, the new facility investments may reach up to $11.8 million.
Powertrain solutions of both companies will be implemented at this facility. To
launch the process of the collaboration both contracting parties will bring in
production one single-speed Electric Gearbox in the early 2019.
XPT works under the direction of the Chinese automaker NIO, providing products mainly to NIO, but also to other automotive companies. XPT has great R&D capacities for E-propulsion units. Thanks to the abovementioned deal, XPT now has a great chance to share experience with the internationally-renowned company famous for its gearbox solutions.
An electrified transmission system from Punch Powertrain
Punch Powertrain is a self-sufficient manufacturer
and vendor of powertrain solutions with a proven record in the automobile
industry. The company has been mainly known on the market of CVTs, but they are
not ready to rest and recent achievements of Punch in DCTs, Hybrid and
E-powertrains prove an enormous potential of the Belgian enterprise. The
collaboration with XPT will help Punch Powertrain to speed up the process of
electrification and to be more efficient in implementation of E-powertrains.
Recently, Punch Powertrain has been
effectively pursuing the plan of its production growth and advancement on
strategically important markets. Specialists of the company assume that
eco-friendly technologies have already become a reality of the auto industry.
Therefore, it is no wonder that Punch Powertrain put a lot of efforts in
R&D of Hybrid and Electric Powertrains. The large-scale manufacturing of
E-powertrain solutions is considered to be one of the most crucial aspects of
the company’s development.
