On July 27th, Zhejiang Asia-Pacific Mechanical & Electrical Co., Ltd. ("Asia-Pacific Shares") and ElaphePropulsionTechnologies Ltd ("Elaphe Company") signed an "Investment Intention Agreement", which is planned to invest 10 million euros in the form of capital increase to obtain Elaphe Company 20 % equity, layout of new energy automotive wheel hub motors.
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According to the agreement, the two sides plan to set up a joint venture company in China, mainly producing wheel hub motors, and Asia Pacific shares will account for more than 51%. The joint venture will have friendly cooperation with Asia Pacific shares and Elaphe, which is responsible for the non-hub motor products of the new energy vehicle powertrain, while Elaphe is responsible for the special technology development required by the joint venture.
At present, new energy vehicles have entered a period of rapid development, and wheel hub motors are one of the important core components of new energy vehicles. New energy vehicles, whether pure electric or fuel cell electric vehicles or extended-range electric vehicles, can use hub motors as the main driving force. Therefore, the hub motor driving technology will have broad prospects in the future development of new energy vehicles.
It is reported that Elaphe is a company mainly focusing on the electric motor technology of electric vehicles and other vehicles. It is in the world in the technical innovation, research and development of the integration of electric control, production equipment and hub motors of electric motors in electric motors. leading position. The investment will help the Asia Pacific shares to better lay out new energy vehicles and smart cars. E-laphe will provide new energy vehicle wheel hub motor technology and support company to the Asia Pacific shares in the development of new energy vehicle hub motors and brakes.
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