Tsuyo Manufacturing and LvKON join forces for cutting-edge EV solutions in India, unveiling a diverse product lineup for BEVs and HEVs.
Tsuyo Manufacturing Private Limited (Tsuyo) has solidified a strategic partnership with Suzhou LvKON Transmission Technology Co., Ltd. (LvKON) through a Memorandum of Understanding (MoU). The collaboration aims to spearhead cutting-edge solutions for Battery Electric Vehicles (BEVs) and Hybrid Electric Vehicles (HEVs) within the Indian automotive market.
This collaborative venture extends across diverse projects, encompassing both established and emerging platforms extensively utilized in China and globally. Tsuyo LVKON, as a result of this collaboration, is poised to unveil an array of product solutions slated for 2024, catering to the burgeoning BEV segment. This lineup includes the innovative Direct Drive Motor (DM), Transmission Electric Drive (TED), Integrated Starting and Generating Motor (IM), Continuous Electric Drive (CED), and Super Transmission Bridge (STEA).
For the HEV sector, Tsuyo LVKON’s offerings will encompass Parallel Hybrid Drive (PHD), Multi-Mode Hybrid Drive (MHD), and Continuous Hybrid Drive (CHD). LvKON’s pivotal role in establishing a production line for heavy-duty motors and gearboxes aligns seamlessly with Tsuyo’s commitment to meeting the evolving demands of the Indian market.
LvKON, a frontrunner in the new energy vehicle industry, brings a wealth of expertise in the research, development, production, and sales of automatic transmissions, drive motors, and hybrid powertrain systems. The company has attained remarkable success, holding over 35% market share in the commercial vehicle market and achieving a substantial 55% market share in heavy-duty mining dump trucks and off-road vehicles.
Vijay Kumar, CEO of Tsuyo, expresses confidence in the growth trajectory over the next five years, citing the unique solutions tailored for heavy-duty commercial sectors and off-road vehicles. Dr. Li Lei, CEO of LvKON, affirms their strong position in the commercial vehicle market and highlights their noteworthy accomplishments in the electric vehicle sector, particularly in heavy-duty mining dump trucks and off-road vehicles, where they command a 55% market share. This strategic collaboration positions Tsuyo and LvKON at the forefront of advancing electric mobility solutions in the Indian automotive landscape