Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt

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Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt - Business Standard

Quick Summary:

Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market.

Under the agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU), the company said in a statement.

"This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS)," it added.