Punch Powertrain and Groupe PSA have launched their Joint Venture – Punch Powertrain PSA e-transmissions.
Following regulatory approvals, the company has been founded and started operations on 17 September.
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Punch Powertrain holds majority control in the new Joint 61/39 Venture, which will design, manufacture and supply Punch Powertrain’s DT2 dual clutch transmission for the next generation of mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles.
The business will initially supply Groupe PSA’s global operations and aims to supply other vehicle manufacturers worldwide. Elias van Wijk, previously CTO to Punch Powertrain, was named CEO of the new company.
“We are excited to launch this second Joint Venture with Groupe PSA, as it fully aligns with our vision that ‘Our powertrains drive a sustainable world’ through technology innovation” said Punch Powertrain CEO, Jorge Solis.
“This new venture will spearhead the industrialisation of our next generation of transmissions for hybrid electric vehicles, providing broader availability of affordable electrified powertrains on global markets.”
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By GlobalDataPunch Powertrain PSA e-transmissions will develop and supply Punch Powertrain’s automatic hybrid transmissions. Known as the DT2, the dual clutch transmission is the first in the industry to fully integrate an electric motor in a mild hybrid electric vehicle, resulting in fuel savings and reduction in CO2 emissions, compared to non-hybridised vehicles.
The DT2 evolves industry’s thinking on hybrid DCT design, departing from 48V and High Voltage hybrid infrastructures as a design base. This allows full integration and optimisation of an electric motor for mild hybrid applications, as well as plug-in hybrid electric vehicles (PHEV), which enable intervals of full electrically powered driving.
The JV will start operations with a work force of more than 300 people, transferring from Punch Powertrain, headed by a leadership team of five senior automotive executives. As well as van Wijk, the executive team is further composed of two leaders appointed by Punch Powertrain and two by PSA.
The company is established and headquartered in Sint-Truiden, Belgium, at the site of Punch Powertrain and encompasses a second location in Eindhoven. As part of the initial agreement, Punch Powertrain contributes its DT2-related business unit, including engineering, manufacturing and support functions to the new entity.
Earlier this year, the first Joint 50/50 Venture of both companies, Punch Powertrain PSA e-transmissions assembly, was launched.
This JV will be dedicated to assembly of the DT2 electrified transmission at PSA’s facility in Metz, France.
