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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.
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EuroGroup Laminations invierte un 40% en Kumar Precision Stampings de la India, establece una planta de investigación y desarrollo y tiene como objetivo impulsar la cooperación en el mercado de EV.