Tuesday, December 7, 2021

Renault invests in electric motor specialist Whylot

Renault has taken a 21% stake in French electric motor specialist Whylot.

In June this year Renault had announced that it would develop an axial flow motor together with Whylot. At the time, it was said that these motors would initially be installed in hybrid and plug-in hybrid vehicles, but later also in battery-electric models.

After the initial cooperation now comes a financial investment. How much the carmaker is investing in the start-up is not mentioned in the announcement.

It only says that the investment will enable Renault and Whylot to ” position themselves as leaders in the development and industrialisation of innovative and affordable electric motors in the coming years and support the very strong growth of the electrified vehicle market in France and Europe”.

Renault Group aims to be the first major carmaker to mass-produce an axial-flow electric motor from 2025.

“For hybrid powertrains in particular”, this should reduce costs significantly. For passenger cars in the B or C segment, the higher efficiency of the motor should also reduce CO2 emissions by up to 2.5 grams per kilometer according to WLTP.

“This partnership, coupled with an equity investment in the company, is a further demonstration of our commitment to our French roots and to the Renault Group’s industrial anchorage in France, with the aim of producing popular, affordable and profitable electric and electrified cars,” says Philippe Brunet, Director of Powertrain and Electric Vehicles at Renault.

See also  Tesla to open up global charging network to other EVs by end of 2021
Leannehttps://wegoelectric.net
Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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