Groupe PSA and Punch Powertrain have signed an agreement to establish a second joint venture and expand their strategic partnership in the field of electrification, to reduce overall CO2 emissions.
This new JV will design, manufacture, and supply components and subsystems for the future generation of the electrified transmission (e-DCT1), which will equip Groupe PSA’s mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles and carmakers globally.
Punch Powertrain holds majority control in the new Joint 61/39 Venture, which will design, manufacture, and supply Punch Powertrain’s DT22 dual clutch transmission for the same vehicle targets.
This move is supporting an overall vertical integration of components for key technologies such as electrified powertrains
The new entity is expected to be operational by the third quarter of this year. Punch Powertrain will also transfer their current DT2-related facilities in Sint-Truiden, Belgium, and Eindhoven, the Netherlands. In turn, Groupe PSA will make a cash investment in the JV.
Gaspar Gascon Abellan, formerly Renault’s EVP of Engineering, recently joined Punch Powertrain as CTO.
