Delphi Technologies launches revolutionary Combined Inverter and DC/DC Converter in China

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SUZHOU, China – February 20, 2018 – Delphi Technologies, PLC (NYSE: DLPH), a leading provider of advanced vehicle propulsion solutions, is bringing New Energy Vehicle (NEV) to the next level with the launch of the first Combined Inverter and DC/DC Converter in the China market. For automakers, these components create a more efficient and cost effective solution delivering higher power density, integrated in a smaller and lighter package.

NEV is China’s designation for plug-in electric vehicles eligible for public subsidies, and includes only battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). This product’s potential to deliver more efficient future electric propulsion systems, while also meeting the industry’s highest technological standards, has already attracted the attention of major automakers who have selected this technology to power their vehicles.

“This launch marks another major step forward for Delphi Technologies’ pioneering position in electrification and another development of power electronics as an enabler,” said Kevin Quinlan, senior vice president and general manager, Electronics & Electrification for Delphi Technologies. “We continue to develop our business around the globe with exciting steps forward in the China market.”

Delphi Technologies’ 80 million USD investment in the Suzhou Plant covers an area of over 17,000  square meters (180,000 sq ft). The launch of this product underpins the technological developments the company is pursuing to address diverse local requirements for the Chinese market.

“We bring two decades of expertise to this product, which began with an initial investment in advanced engineering of electric vehicles,” said Quinlan. “Today’s launch could not have been possible without leveraging the unique engineering talent of our people.”

About Delphi Technologies

Delphi Technologies is a technology company focused on providing electric vehicle and internal combustion engine propulsion solutions, in addition to solving emissions and fuel economy challenges for the world’s leading automotive OEMs. Delphi also provides leading aftermarket service solutions for the replacement market. With Headquarters in London, U.K., Delphi Technologies operates technical centers, manufacturing sites and customer support services in 24 countries.

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Maxion Wheels breaks ground for passenger vehicle aluminium plant in India

Maxion Wheels celebrates new passenger vehicle aluminum wheel plant with traditional Bhoomi Poojan ground breaking ceremony on Feb. 19, 2018.

Pune, INDIA – MaxionWheels, the world’s largest wheel manufacturer, today held a ground breaking ceremony (Bhoomi Poojan) on the future site of its 25,000 square meters plant in Khed City, Pune. Hundreds of guests, including company dignitaries, customers, suppliers and associates attended the traditional Hindu event, which included a plaque unveiling and traditional ground breaking ritual.

During his ceremony speech, Maxion Wheels’ Chief Executive Officer, Pieter Klinkers remarked on the significance of the event, “With our new Pune passenger car aluminum wheel plant, Maxion Wheels becomes the first global light vehicle aluminum wheel producer in the Indian market. We responded to our growing global customers’ requests, and made the investment to join them in the world’s fastest-growing economy. When our project is complete, we will produce four million aluminum wheels annually. In this first phase, an investment of more than $50 million USD will be spent on the land and state-of-the-art plant and equipment for the manufacturing of two million wheels annually. Start of production is expected in the third quarter of 2019.”

The new wholly-owned operation, expected to initially bring more than 1,000 new direct and indirect jobs to the region, will produce low pressure die cast aluminum wheels with a high-end wheel finish.

Maxion Wheels will spend more than $50M USD for the 25,000 square meters state-of-the-art plant, land and equipment which will initially produce two million passenger vehicle premium aluminum wheels a year. Production is expected to begin in the third quarter 2019.

 


ABOUT MAXION WHEELS

Maxion Wheels, a division of IOCHPE-MAXION S.A., is a leading wheel manufacturer for passenger cars, light trucks, buses, commercial trucks and trailers. The Company also produces wheels for agriculture and military vehicles, as well as other off-highway applications. With more than 100 years of wheel-making experience and 10,000 employees globally, Maxion is the world’s largest wheel manufacturer, producing 58 million wheels per year. The Company serves its global OEM customers from 28 locations in 15 countries on five continents, and has state-of-the-art technical centers in the Americas, Europe and Asia.

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