Just a year ago, TraXon had reached the 500,000-unit milestone. In a mere 18 months, production doubled to meet the increasing demand for efficient systems worldwide.
Production of electric motors and electric components for the automotive market and for use in ZF driveline systems
Transaction marks second step in refinancing of the planned Wabco acquisition
To develop high precise end-to-end solution
Investment in 60 percent stake of the experienced provider of automated electric passenger transport systems
To accommodate further production and warehousing activities
Inaugurates new shock absorber production line