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Minda Corporation inscribes technology licensing accord with Sanco

AutoEV Times by AutoEV Times
September 5, 2024
in News
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Minda Sanco

Minda Corporation, the flagship company of Spark Minda, has signed a Technology Licensing Agreement with Sanco Connecting Technology, China, a leader in EV connection systems.

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This accord will boost the product folder contribution of Minda Corporation in the expanding EV industry in the sectors of Electrical Distribution Systems (EDS). Under this accord, Minda Corp & Sanco will sectionally evolve EV connecting systems, charging gun convocations with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU) and Battery Distribution Units (BDU).

“The collaboration is an important milestone that will allow us to locally design, develop, and produce cutting-edge EDS solutions for our EV clients in India,” the company said.

Additionally, this will bolster Minda Corporation’s Wiring Harness Division’s capacity for vertical integration and solidify its standing as a major participant in the EV Supply chain ecosystem.

Aakash Minda, Executive Director, commented on this noteworthy achievement and stated that his company will be able to provide the EV industry with comprehensive and customized Electrical Distribution System (EDS) solutions due to the collaboration.

“This collaboration is a proof of our shared dedication to provide cutting-edge, environmentally friendly transportation solutions to the expanding electric vehicle market. We will increase the overall kit value across vehicle segments by providing new age EV solutions, and we are committed to achieve successful localization to provide our clients with even more value,” he said.

Zhijian Zeng, Chairman of Sanco Connecting Technology (Guangdong) Co., Ltd., stated, “Minda Corporation has been selected by Sanco as a strategic partner to increase our worldwide presence. This partnership would greatly increase Sanco’s market share in India’s growing EV industry. With the help of Minda Corporation’s vast local production and technical skills as well as its solid links with international automakers, we hope to provide Indian OEMs with top-notch, technologically advanced solutions.”

Tags: Electric Vehicleelectric vehicle marketEV solutionsEV Supply chainMinda CorporationSanco
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