Daimler and Robert Bosch said they had completed negotiations and signed agreements on the establishment of a 50:50 joint venture for electric motors though they are still waiting approval of the antitrust authorities.

The new company, EM-motive, will develop and produce electric traction motors for electric vehicles. The company will have its headquarters and manufacturing facilities in Hildesheim but the engineering site will be located close to the parent companies in the Stuttgart area. Some 100 employees are expected to start working for the joint venture in the fourth quarter of this year. EM-motive will be headed up by two directors of equal rank, one from each partner company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Herbert Kohler of Daimler said: “Like lithium-ion batteries, electric motors are key components for our electric vehicles. It is extremely important that competence in this field is maintained in Germany. In joining forces with Bosch, we have now teamed up with a long-standing partner, and are confident that this move will lead to outstanding results.”

Production of motors is due to commence at the start of 2012. The motors will be used in Mercedes-Benz and Smart EVs, starting with the new generation of the smart Fortwo electric, which is to go on sale in early 2012.

The distinctive feature of the electric motors produced by the joint venture is their modular design, which means that they can be installed in a wide variety of all-electric vehicles.

The joint venture will supply its parent companies with electric motors for electric vehicles. Sales to third parties will be carried out by Bosch. According to current plans, the joint venture will have produced over 1m electric motors by 2020.