Minda Corporation Limited has announced a technology licensing agreement with Sanco Connecting Technology, a Chinese leader in electric vehicle (EV) connection systems. The partnership aims to enhance Minda’s product portfolio for the growing EV industry in India.
Key points:
- The agreement focuses on Electrical Distribution Systems (EDS) for EVs
- Minda and Sanco will jointly develop EV connecting systems, charging gun assemblies, and other components
- The collaboration will strengthen Minda’s position in the EV supply chain ecosystem
Mr. Aakash Minda, Executive Director of Minda Corporation, expressed excitement about the partnership, highlighting its potential to deliver comprehensive EDS solutions for the EV market in India.
Mr. Zhijian Zeng, Chairman of Sanco Connecting Technology, noted that the collaboration would expand Sanco’s presence in India’s growing EV market through Minda Corporation’s strong relationships with automakers and local production capabilities.
This strategic partnership is expected to bolster Minda Corporation’s offerings in the rapidly expanding Indian EV sector.
