Evage

DGI partners with EVAge Motors to manufacture world-class electric motor in India

Retrieved on: 
onsdag, maj 8, 2024
Other Energy, Sustainability, Environment, EV, Electric Vehicles, Energy, Automotive, Automotive Manufacturing, Manufacturing, Memorandum of understanding, Partnership, DGI, FMCG, Evage, PM, Amazon, JV, Model Y, Renewable energy

The planned JV will allow DGI to pursue a faster, lower-cost route to high-precision manufacturing in India, materially growing its market share in the critical Asian market and giving EVage Motors’ customers access to the one of the world's most-efficient electric motors at 98.5% efficiency.

Key Points: 
  • The planned JV will allow DGI to pursue a faster, lower-cost route to high-precision manufacturing in India, materially growing its market share in the critical Asian market and giving EVage Motors’ customers access to the one of the world's most-efficient electric motors at 98.5% efficiency.
  • DGI will partner with EVage to manufacture its proprietary Pareta® electric drive system in Punjab, India.
  • Peter Bardenfleth-Hansen, DGI CEO, said: “This is a pivotal moment for DGI and we welcome our new partners at EVage.
  • Together with DGI, EVage will produce world-class products aligned with PM Modi’s vision of make in India, make for the world.