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This partnership will focus on developing advanced EV products locally, including connection systems, charging assemblies, and power distribution units
Date: September 4, 2024Noida- Minda Corporation Limited., of the Spark Minda, has entered into a Technology Licensing Agreement with Sanco Connecting Technology co Ltd., in Electric Vehicle (EV) connection systems from China. This partnership will expand EV product offerings in Electrical Distribution Systems (EDS) by locally developing EV connection systems, charging gun assemblies, bus bars, cell contact systems, Power Distribution Units (PDU), and Battery Distribution Units (BDU).
This collaboration marks a significant milestone, enhancing our ability to design, develop, and manufacture advanced EDS solutions locally for the Indian EV market. It also bolsters our Wiring Harness Division’s vertical integration capabilities, solidifying our role in the EV supply chain.
Aakash Minda, Executive Director said, “We are excited to partner with SANCO, a collaboration that marks a significant milestone in our pursuit to deliver comprehensive and customised Electrical Distribution System (EDS) solutions to the EV market. This partnership signifies our shared commitment to offer innovative & sustainable mobility solution for the growing Electric Vehicle industry. By offering new age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localization, delivering greater value for our customers.”
Zhijian Zeng, Chairman of Sanco Connecting Technology (Guangdong) Co., Ltd., said, “Sanco has chosen Minda Corporation as a strategic partner to expand our global footprint. This collaboration will significantly boost Sanco’s presence in India’s expanding EV market. By leveraging Minda Corporation’s strong relationships with global automakers and extensive local production and engineering capabilities, we aim to deliver world-class, technology-backed solutions to Indian OEMs.”