Mitsubishi Electric, Aisin Shelve Plan to Set Up New Firm
Tokyo, Oct. 31 (Jiji Press)--Mitsubishi Electric Corp. and Aisin Corp. have put on hold a plan to set up a joint company to develop and supply key components for electric vehicles, both companies said Thursday.
The firms said they will instead form a business partnership to develop a power electronics inverter for Aisin's "eAxle" drive unit to meet high demand from EV manufacturers in the late 2020s, although the joint company plan will remain a medium- to long-term strategic agenda item. The next-generation EV drive unit combines the motor, inverter and transmission.
(2024/10/31-18:44)
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