Uno Minda, a renowned auto components manufacturer, has joined forces with Suzhou Inovance Automotive Co from China to produce electric vehicle components. Under a technical license agreement, Uno Minda will manufacture and sell specific high-voltage electric vehicle products for both passenger and commercial vehicles, including charging control units, inverters, motors, and electric drive systems.
Expressing optimism, Uno Minda Group CMD Nirmal K Minda highlighted their success in the electric two-wheeler segment and emphasized the development of a robust portfolio for electric four-wheelers.
The company plans to elevate this partnership by transforming it into a joint venture, pending necessary approvals. Established in 2003, Inovance is a prominent provider of products and solutions across various sectors, including rail transit and new-energy vehicles (NEV).
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