EATON might be one of the best-known names in the truck component market, but the U.S. business is joining the electric powertrain bandwagon.
It’s just been announced that EATON will create a new ‘eMobility’ business that will focus on high-voltage electrified vehicle technologies.
The new business will hit the ground running with $500 million USD worth of investment for the next five years.
It will reportedly deliver intelligent electrification products and solutions to passenger car, commercial vehicle and off-highway customers.
EATON say eMobility is poised to capitalize on a global vehicle electrification market projected to grow to 15 million pure battery-electric vehicles and another 30 million hybrids, from mild to plug-in, by 2030.
Power systems that eMobility will work on include EV transmissions for medium- and heavy-duty applications, as well as a 48-volt regenerative accessory drive system for heavy-duty trucks.
“Our understanding of the unique needs of vehicle customers, along with our experience in transmissions and power electronics in the hybrid space, gives us a distinct advantage versus other suppliers,” said Jeff Lowinger, president, eMobility.
“Customers using Eaton hybrid systems have collectively accumulated an estimated 2 billion miles of clean, reliable service.”
We will keep you up updated with further info on EATON in our Truck and Bus News section.