Shanghai (ZXZC)- In a significant stride towards promoting green transportation and advancing electric vehicle (EV) propulsion technology, Chinese steel giant Baosteel and German automotive supplier Vitesco Technologies recently sealed a strategic partnership agreement in Shanghai, according to the latter's press release. 

The collaboration, anchored by Baosteel's BeCOREs® silicon steel, will establish a multifaceted win-win relationship encompassing high-grade non-oriented silicon steel for EV drivetrains, characterized by eco-friendliness, technological innovation, and supply chain development. This strategic alliance will facilitate comprehensive, multi-dimensional cooperation between Baosteel and Vitesco Technologies.

Photo credit: Baosteel

As the world's largest supplier of silicon steel, Baosteel boasts an extensive product range and holds the premier market share in various critical application fields, both nationally and globally. With its specialized production line for high-grade non-oriented silicon steel dedicated to new energy vehicles put into operation in March 2023, Baosteel's annual capacity for non-oriented silicon steel has surged beyond 3 million tonnes, with over 1 million tonnes dedicated to high-grade materials.

Vitesco Technologies, headquartered in Regensburg, Germany, is a global frontrunner in supplying intelligent systems and components for electric, hybrid, and internal combustion propulsion systems. The company's commitment to sustainable mobility is underscored by its mission to provide advanced powertrain solutions. Vitesco Automotive Electronics (Tianjin) Co., Ltd. serves as a major R&D hub for Vitesco Technologies' electric drive system business in China. With a cooperation history spanning over 5 years, Vitesco Technologies and Baosteel have jointly delivered comprehensive electric drive solutions to several internationally renowned automakers.