Electrifying Strategy: This company announces exclusive collaboration to bring next-gen electric powertrains!
In the last 1 month, the company has shown positive traction
On Tuesday, shares of Sona BLW Precision Forgings surged over 1.4 per cent to trade on an intraday high of Rs 554.95 apiece on BSE. The scrip witnessed some profit booking and closed 0.74 per cent down at Rs 542.75.
The company informed the exchange that it has entered into a technology licensing agreement with UK-based company Equipmake to utilize its high-performance electric powertrain technology. Equipmake's patented technology offers exceptional power density, efficiency and performance, making it an ideal choice for electric cars, buses and commercial vehicles. Under the agreement, Sona Comstar will manufacture and sell electric vehicle (EV) powertrains, subsystems and components based on Equipmake's technology.
The licensing agreement specifies that Equipmake will grant Sona Comstar the license to certain patented spoke motor and inverter technology in the power range of 100 kW to 440 kW. Sona Comstar will exclusively manufacture and sell EV powertrains, sub-systems and components for target applications in India, Thailand and select South Asian countries. Equipmake, on the other hand, will handle sales in the rest of the world. Both companies expect to begin serial production of these systems in 2025.
Equipmake brings over 20 years of experience in developing and integrating electrification products for electric vehicle drivetrains. Their expertise lies in ultra-high performance electric motors, complete EV drivetrains and fast power electronic systems. With this partnership, Sona Comstar aims to expand its offerings beyond traction motors and controllers for two- and three-wheelers to include high-voltage motors and inverters for passenger cars, electric buses, commercial vehicles and off-road vehicles.
Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components across all vehicle categories. The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.
In the last 1 month, the company has shown positive traction as it has gained more than 17 per cent. Keep a close eye on this trending stock.