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ArticlePunch and XPT join forces on EV powertrains
Punch Powertrain and start-up XPT have signed a joint venture (JV) agreement to establish a manufacturing plant in Nanjing, China, to supply “hundreds of thousands” of electric powertrains a year.The companies will invest €10m ($11.7m) on the factory to produce state-of-the-art transmissions solely for electric vehicles.“Design and development of current ...