Michelin, Valeo to work on electrical drive systems

ERJ staff report (DS)

Paris -- Valeo and Michelin are to coordinate the development of electric and rechargeable hybrid vehicle systems such as the drive train, engine and battery cooling management, climate control, lighting, energy management and tyres. The two companies have signed a joint letter of intent.

The announcement underlines the willingness of the two Groups to contribute to the French Government's “Automotive Pact”.

Michelin and Valeo are convinced that by joining forces they will help to accelerate the emergence of electric vehicles in France and worldwide.

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Press release from Valeo