Materials/Manufacturing

Proterial New Name for Hitachi Metals, as It Proposes Ferrite Magnets for EV Motors  

Flush on the closing of its acquisition by an investment consortium, Hitachi Metals tomorrow becomes Proterial as it positions for its NMF 15 ferrite magnets to become an alternative to the industry-standard neodymium magnetic material for electric vehicle traction motors. […]

e-Power Technology

Cummins Acquires Siemens e-Drives Business for Commercial Vehicles 

Through its new subsidiary Meritor, Cummins has acquired Siemens’ Commercial Vehicles business, a global supplier of high-performance electric drive systems for commercial vehicles. The purchase  

brings key capabilities in direct drive and transmission-based remote mount electric motors, inverters, software and related services for electric powertrains, says Cummins.  […]