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Daimler and Bosch sign electric motor joint venture

by Eric Loveday (RSS feed) on Jul 15th, 2011 at 9:57AM

Smart Fortwo Electric Drive – Click above for high-res image gallery Daimler AG and Bosch GmbH have formally established a 50:50 joint venture (JV) for electric motors. The JV, officially called EM-motive GmbH, will develop and manufacture traction motors for electric vehicles at a facility in Hildesheim, Germany. Under terms of this JV, Daimler and Bosch intend to accelerate the development of electric motors and look to kick off production of the first units in early 2012. The EM-motive traction motors will be used in upcoming electric vehicles wearing Mercedes-Benz and Smart... Read More

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