Marelli and Punch have reached an agreement to form a joint venture focused on e-axle solutions.
Both companies are combining their experience in the area of electric powertrains to offer integrated systems for EVs.
The joint venture – which is to be majority owned by Marelli – will focus on a system approach for integrated e-axle solutions. The company will develop and assemble e-axle systems and be targeted towards markets in Europe and the Americas.
The new enterprise, Marelli Electric Powertrain Strasbourg (France), will be headquartered at Punch’s site in Strasbourg, France, in proximity to European vehicle makers. The joint venture will have a facility for production, prototyping and testing on-site.
E-axles are a key system of electric vehicles. While Marelli will supply electric motors and inverters including software for the e-axles, Punch will contribute gearbox components and development as well as manufacturing expertise.
“Punch and Marelli’s strengths in the field of electric powertrains are a great match,” said Marelli Electric Powertrain EVP and CEO, Hannes Prenn. “With this cooperation, we further expand our offering as a full system provider for electric powertrains, which is complemented by our thermal and battery management solutions.”
For his part, Punch founder and CEO, Guido Dumarey, added: “Punch wants to be a major player for reducers as part of complete e-axles, representing one of the key components for electric mobility.
“The partnership with Marelli is an enabler for us to accelerate and execute our long-term strategy from fossil to electric and ultimately clean hydrogen powertrain systems.”