DGAP-News: PIERER Mobility AG / Key word(s): Strategic Company Decision
Corporate News 25th March 2021
PIERER Mobility and Bajaj Auto strengthen its E-Mobility cooperation
PIERER Mobility AG, Europe's leading manufacturer of powered two-wheeler vehicles, and Bajaj Auto Limited, India's second largest motorcycle manufacturer, are strengthening their strategic cooperation in the development of electric products in the two-wheeler sector to meet the growing demand for innovative e-mobility concepts.
PIERER Mobility AG and Bajaj Auto Limited originally joined forces to make a sizeable and relentless footprint in the international motorcycle industry and, as the partnership successfully reaches almost fifteen years of existence, the two companies have decided to jointly explore the zero tailpipe emissions, low maintenance, and long-lasting benefits of light electric vehicles in urban settings and dense metropolitan areas.
This renewed strategy will centre on the development of common electric platforms to deliver the advantage of scale, regarding all critical components, allowing both companies to quickly and effectively adapt to evolving customer needs globally. Part of this remit involves an open approach to all battery opportunities, aiding the parallel advantage of both fixed and swappable solutions.
Moving at pace, the initial output from this manufacturing impetus will see the first of these shared platform vehicles beginning of 2022.
25.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||PIERER Mobility AG|
|Phone:||+43 (0) 7242 69 402|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1178624|
|Valorennummer (Schweiz): 41860974Wertpapierkürzel: PMAG,Bloomberg: PMAG SE, PMAG GYReuters: PMAG.S|
|End of News||DGAP News Service|