TM4, Prestolite Electric Beijing Form Joint Venture

TM4, a Boucherville, QC-based subsidiary of Hydro-Quebec, and Prestolite Electric Beijing Limited (PEBL), have entered into an agreement for the creation of a Sino-foreign equity joint venture company named Prestolite E-Propulsion Systems (Beijing) Limited (PEPS). The joint venture will focus on providing high-end solutions for clean transport and sustainable mobility by developing, manufacturing, selling and supporting electric traction systems for trucks and buses, as well as commercial, off-road and marine vehicles. The new joint venture will target clients in China, Taiwan, Hong Kong, Macao, Indonesia, Philippines, Thailand, Singapore and other Southeast Asian countries. PEBL manufactures heavy-duty rotating electric systems in China and TM4 provides expertise in electric motors, generators and inverters for the transport and energy markets.