ABB has begun the phased opening of a new $100 million campus in Wisconsin to increase production capacity of industrial electric drives in the U.S., its largest market. Likely, the facility and its eventual 700 […]
Tier-1 components manufacturer Hyundai Mobis is striding forward aggressively to build a leadership position in automotive electrification. New efforts unveiled in October include plans to build another major new electrification plant in Europe, plus a roadmap for advanced technology development with design of innovative drive systems, electromagnetic systems and nickel-free materials for inductors among the key elements. […]
After volume production of the CeTrax lite electric drive for light commercial vehicles started in April 2023, ZF has already produced its first thousand units. The ramp-up in volume production was steeper than planned because demand from the customer ISUZU increased. The drive is used by ISUZU to power the latest generation its light distributor truck, the ISUZU ELF EV […]
Solero Technologies, a supplier of automotive solenoids and control modules, is planning to acquire Kendrion’s automotive business in a move that will expand its offerings in electrification components and jump to a much larger scope […]
Siemens is planning to sell off its Innomotics motor and drive business unit for €3.5 billion to investment portfolio company KPS Capital Partners. The move follows creation of Innomotics, carved out as a discrete business unit in 2022, and preparations by Siemens in late 2023 to roll it out as a public company, but in a change of plans now has agreed to the sale to KPS. The transaction is expected to close in 2025. […]
Few companies in the industrial sector have embraced the concept of electrification on a worldwide scale as prodigiously as electrical equipment maker Ingeteam of northern Spain. Addressing multiple technologies to support propulsion, wind and solar energy, and hydrogen power, its products are increasingly spanning the globe. […]
Magnetic Metals’ tape wound toroidal & cut cores deliver the essential magnetic properties and efficiencies required for: Transformers that power EV Charging Stations, Transformers that control & monitor AC induction & DC motor performance Power […]
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