Valeo and Siemens announced the closing of the joint venture dedicated to High Voltage Powertrains. With this move Valeo and Siemens create a global leader for the supply of innovative and affordable high-voltage components and systems for the entire range of on road electric vehicles including hybrids, plug-in hybrids and full electric vehicles. The portfolio comprises e-motors, range extenders, onboard chargers, inverters and DC/DC converters.
According to the agreement, Siemens and Valeo will each hold a 50% stake in the joint venture and have joint control.
Valeo will contribute to the joint venture its high voltage power electronics, range extenders and charging solutions and Siemens its eCar Powertrain Systems business unit including e-motors and power electronics.
Jeantet and Gleiss Lutz acted in this operation. The Jeantet team included: Karl Hepp de Sevelinges, Bertrand Barrier and Ruben Koslar on the corporate side, Olivier Angotti and Isabelle Pontal on the labour and Fréderic Sardain on the IP aspects of the operation.