Stuttgart, Germany – Daimler AG and Robert Bosch GmbH have agreed to establish a 50:50 joint venture that will produce electric motors for vehicles.
The new company, EM-motive GmbH, will have its headquarters and manufacturing facilities in Hildesheim, while its engineering site will be located close to the parent companies in the Stuttgart area. Some 100 employees are expected to start working for the new company in the fourth quarter of 2011.
“Like lithium-ion batteries, electric motors are key components for our electric vehicles,” said Prof. Dr. Herbert Kohler, vice-president of e-drive and future mobility for Daimler. “It is extremely important that competence in this field is maintained in Germany. In joining forces with Bosch, we have now teamed up with a longstanding partner and are confident that this move will lead to outstanding results.”
Motor production is scheduled to begin at the start of 2012. The motors will be used in electric vehicles from Mercedes-Benz and Smart, beginning with the new generation of the Smart Fortwo Electric Drive that goes on sale in early 2012. The motors will be modular and able to be installed in a wide variety of all-electric vehicles.
The joint venture will supply its parent companies with electric motors for electric vehicles, while sales to third parties will be carried out by Bosch. The company’s plans are to produce more than one million motors in total by 2020.