According to foreign media reports, Cummins, a world-renowned power equipment manufacturer, plans to acquire EfficientDrivetrains (EDI), a pure electric and hybrid power system supplier. The company said that EDI's technology products and Cummins are in the field of electrification. The target is in the same direction, and the acquisition will further expand Cummins' share in the electrification market.
Cummins Chairman Tom Linebarger said: 'Cummins has been in the electrification field for more than a decade, and has achieved more substantial strategic goals in the past nine months, including the acquisition of a number of electrification technology companies. Big company continues to invest in this area of confidence. 'It also said that EDI's current hybrid system is one of the most mature technologies in the market, and EDI's diversified performance on other products can also be Cummins Increase more market share.
Regarding industry development, Cummins mentioned that more and more traditional equipment suppliers are undergoing transformation. Hybrid and pure electric technology will be the next most competitive market. In addition to the acquisition of EDI, Cummins also acquired last year. The UK-based Johnson Matthey Battery Systems and Brammo (Electric Motors) in North America, the multi-point force also demonstrates Cummins' determination to transform electrification.
