Knorr-Bremse acquires 13% stake in Chinese e-motor company Bobang
By Luke Willetts - 14th November 2022
China / Germany – On October 19, 2022, brake manufacturer, Knorr-Bremse AG, based in Munich, Germany, acquired a 13% stake in Shanghai-based e-motor supplier, Bobang Automotive Technology Co Ltd (“Bobang”) as part of a partnership agreement.
The partnership with Bobang will strengthen Knorr-Bremse’s e-motor capabilities and develop further competencies in automated driving and electrification whilst Bobang plan on expanding its commercial vehicle product portfolio.