EuroGroup Laminations invests 40% in India's Kumar Precision Stampings, establishes a Chinese R&D and plant, and aims to boost EV market cooperation.

EuroGroup Laminations, an Italian maker of electric motor parts, is expanding its global presence through a 40% stake investment in India's Kumar Precision Stampings, and a strategic alliance with Chinese automotive component firm, Hixih Rubber Industry Group. The company plans to establish a new R&D center and a high-tech industrial plant for motor core production in China's Shandong province, with the aim of boosting cooperation in the EV market. EGLA already operates two production facilities in China.

August 02, 2024
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