Uno Minda and Inovance United Power signed a technology licensing agreement

Indian automotive parts supplier Uno Minda has signed a technology licensing agreement with Inovance United Power to produce and sell high-voltage electric vehicle products for passenger cars and commercial vehicles in India. These products include three-in-one electric drive systems (e-Axle), electric vehicle motors, charging control units (CCUs) and electric vehicle inverters. Through this cooperation, Uno Minda will further expand its e-4W product line to meet the growing demand of the Indian electric vehicle market. In addition, Uno Minda also plans to establish a joint venture with Suzhou Inovance to strengthen the cooperative relationship between the two parties.