Supplier Spotlight

Video Exclusives

Chevrolet expands performance line-up

gtr

Chevrolet details its ZR2 concept and race development truck as the company continues to redefine the segment


Mazda SPCCI tech breakdown

gtr

As featured in the upcoming issue of Engine Technology International, Mazda breaks down the technologies embedded within its SkyActiv-X engine


Click here/on image to watch video

As SEMA opens this week, to expected record numbers, is the aftermarket important to OEMs at the initial stages of design and development?

News

Visedo and Teco sign partnership technology agreement

The Finnish heavy vehicle electric drivetrain manufacturer Visedo has signed a landmark production and co-operation agreement with Asia’s largest electric motor producer Teco Electric & Machinery Company.

Visedo CEO Kimmo Rauma announced the new partnership will ensure the company’s market-leading technology powers more hybrid and fully electric passenger road vehicles, heavy duty machinery and marine vessels.

Under the agreement Visedo will benefit from Teco’s significant production capacity and ability to service major tender projects worldwide and particularly in Asia. In turn, Teco will have access to Visedo’s unique expertise in developing synchronous reluctance assisted permanent magnet (SRPM) power systems, a technology superior to currently produced powertrains for heavy electric vehicles.

The agreement will also assist Visedo to further develop commercial opportunities across Asia’s emerging markets. This follows Visedo opening a new Hong Kong office last month and signing a letter of intent with VC firm, Beijing Capital Investment, to help the company access China’s booming EV market – already the world’s single largest.

"We believe this agreement with Teco Electric & Machinery Company marks a historic day for Visedo as it allows our superior technology to disrupt the status quo of the current electric power market for heavy electric vehicles," said Visedo CEO Kimmo Rauma. "The revolution to electrify the world’s transport and transition away from diesel reliance is already underway. But until now the industry producing powertrains for heavy duty electric vehicles and machines has been dominated by AC induction.

“Our synchronous reluctance assisted permanent magnet (SRPM) technology allows Visedo to deliver the market’s most efficient hybrid and fully electric solutions that are also smaller and lighter than our competitors. Visedo can already guarantee better performing hybrid and fully electric drivetrains in a more compact and robust product – our partnership with Teco will allow Visedo to also compete at the scale and volume of our Tier One OEM rivals.”

"Statistics show that Asia-Pacific is one of the fastest growing markets for electric vehicles worldwide and China is the world's largest and fastest growing market for electric buses, likely to own over 50 per cent of global market share by 2025," added Teco Company chairperson Sophia Chiu. "Another promising market is the electrification of marine vessels. The global market of marine electric/hybrid power propelling system is expected to hit US$4.45 billion by 2022. The electric/hybrid marine vessel market of Southeast Asia and China promises infinite potential.

“We’re confident that TECO and Visedo can join hands in seizing the regional business opportunities for joint producing and developing electric drivetrain systems with even higher quality for customers, and creating a win-win for both parties in the Asia-Pacific market.”

Visedo states that the partnership with Teco is part of its 'concerted efforts' to further develop opportunities in Asia, an emerging powerhouse for the electric vehicle segment. The greater Asia Pacific region – driven by demand in China and Japan – is forecast to be the world’s fastest growing market for electric vehicles by 2022.

17 May 2017


RECEIVE THE
LATEST NEWS


Your email address:





Read Latest Issue
International Engine of the Year Awards
Read Latest Issue

Web Exclusive Articles

Infiniti unveils groundbreaking VC-T engine
First impressions: ETI travels to Arizona to test Infiniti’s innovative VC-T engine
Read Now

BMW M3 CS: The Knowledge
Quicker, lighter and faster. BMW’s new reworked special edition high-performance sedan, the M3 CS, takes full advantage of its upgraded six-cylinder in-line engine.
Read Now

Engines on test: Nissan Micra DCI90
Nissan's fifth-generation Micra shares a range of engines with its Alliance-partner Renault, which feel right at home in the rejuvenated Japanese supermini
Read Now

Read Latest Issue

Supplier Spotlight

Supplier SpotlightClick here for listings and information on leading suppliers covering all aspects of the engine technology industry. Want to see your company included? Contact aboobaker.tayub@ukimediaevents.com for more details.

فروشگاه اینترنتی فروشگاه اینترنتی سیستم همکاری در فروش کانال تلگرام چت روم ماهواره آنلاین اندروید دانلود فیلم فروشگظ;ه اینترنتی

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the engine technology community? We'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to d.slavnich@ukimediaevents.com

Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email aboobaker.tayub@ukimediaevents.com