Daimler and Bosch JV for electric motors

摘要

According to Daimler AG Vice President e-drive and Future Mobility in Group Research and Advanced Engineering and Chief Environmental Officer Professor Dr. Herbert Kohler, the company and Robert Bosch GmbH have completed their negotiations and signed agreements on the establishment of a 50:50 joint venture for electric motors." These agreements are still subject to the approval of the antitrust authorities. The new company, which is to be set up under the name EM-motive GmbH, will develop and produce electric motors for electric vehicles. The company will have its headquarters and manufacturing facilities in Hildesheim.