Vitesco Technologies invests 1.2 billion to promote the development of Tianjin's new energy vehicle industry

Vitesco Technologies signed a memorandum of understanding with the Management Committee of Tianjin Economic and Technological Development Zone, planning to invest 1.2 billion yuan in the research and development, testing and production of core products and technologies for electric drive of new energy vehicles. This move will expand the company's electrification business layout in China, meet the growing demand for electric travel, and help Tianjin's new energy vehicle industry develop with high quality. As an important production base, Vitesco Technologies Tianjin has achieved mass production of three-in-one electric drive and 800V stator and rotor products.