Knorr-Bremse Invests in Chinese E-Motor Company Bobang

Knorr-Bremse, which manufactures braking systems and other systems for rail and commercial vehicles, has made an investment in the Chinese e-motor supplier Bobang.

This gives Knorr-Bremse a minority stake in the company of around 13 percent. This makes Knorr-Bremse Bobang’s second-largest shareholder.

Knorr-Bremse made this investment decision to strengthen its position in the braking and steering systems market aimed at commercial vehicles by increasing its e-motor competencies and making it more cost-competitive.

Bernd Spies, Member of the Executive Board of Knorr-Bremse AG, said:

“We're delighted to announce our partnership with Bobang. By investing in Bobang, we're pursuing sustainable development through our bolt-on M&A strategy. Essentially, we're responding to the automated driving and e-mobility industry trend by further enhancing our e-motor capabilities.

“Together with Bobang, we're strengthening our resources for developing new e-mobility products so we can offer cost-competitive solutions to our customers worldwide.”

The partnership, the two companies hope, will help both Knorr-Bremse and Bobang enhance and accelerate their response to the electrification of commercial vehicles.

Get your news featured on Future Transport-News

Please fill in the contact form opposite. A member of the team will be in touch shortly.






    We'd love to send you the latest news and information from the world of Future Transport-News. Please tick the box if you agree to receive them.

    For your peace of mind here is a link to our Privacy Policy.

    By submitting this form, you consent to allow Future Transport-News to store and process this information.

    Subscribe
    Follow Future Transport-News on LinkedIn
    Follow Future Transport-News on Twitter