+
Minda Corp signs licensing deal with China's Sanco to enter EV market
ECONOMY & POLICY

Minda Corp signs licensing deal with China's Sanco to enter EV market

Minda Corporation, an auto components maker, announced on Wednesday that it has entered into a technology licensing agreement with Sanco Connecting Technology, a leading Chinese company in electric vehicle (EV) connection systems. This partnership is aimed at providing electrical distribution systems solutions for the EV market in India.

Under this agreement, the two companies will collaborate to locally develop various EV components, including connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU), and battery distribution units (BDU). Minda Corp stated that this collaboration would strengthen its product offerings in the rapidly growing EV industry, particularly in the area of Electrical Distribution Systems (EDS).

Aakash Minda, Executive Director of Minda Corporation, emphasized that the partnership would allow the company to offer advanced EV solutions across different vehicle segments, thereby increasing the overall value of its products. He also expressed a commitment to achieving successful localization, which would ultimately provide greater value to their customers.

Zhijian Zeng, Chairman of Sanco Connecting Technology, mentioned that the company selected Minda Corporation as a strategic partner to expand its global reach. He noted that this collaboration would significantly enhance Sanco's presence in India's growing EV market. Zeng also highlighted that by leveraging Minda Corporation's strong relationships with global automakers and its robust local production and engineering capabilities, Sanco aims to deliver high-quality, technology-driven solutions to Indian original equipment manufacturers (OEMs).

Minda Corporation, an auto components maker, announced on Wednesday that it has entered into a technology licensing agreement with Sanco Connecting Technology, a leading Chinese company in electric vehicle (EV) connection systems. This partnership is aimed at providing electrical distribution systems solutions for the EV market in India. Under this agreement, the two companies will collaborate to locally develop various EV components, including connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU), and battery distribution units (BDU). Minda Corp stated that this collaboration would strengthen its product offerings in the rapidly growing EV industry, particularly in the area of Electrical Distribution Systems (EDS). Aakash Minda, Executive Director of Minda Corporation, emphasized that the partnership would allow the company to offer advanced EV solutions across different vehicle segments, thereby increasing the overall value of its products. He also expressed a commitment to achieving successful localization, which would ultimately provide greater value to their customers. Zhijian Zeng, Chairman of Sanco Connecting Technology, mentioned that the company selected Minda Corporation as a strategic partner to expand its global reach. He noted that this collaboration would significantly enhance Sanco's presence in India's growing EV market. Zeng also highlighted that by leveraging Minda Corporation's strong relationships with global automakers and its robust local production and engineering capabilities, Sanco aims to deliver high-quality, technology-driven solutions to Indian original equipment manufacturers (OEMs).

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?