STOCK TITAN

Allison Transmission and SAIC Hongyan Formalize Collaboration on Electric Axle Integration

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Allison Transmission has partnered with SAIC Hongyan Automotive to integrate the eGen Power 130D electric axle into regional and long haul tractors. This strategic Memorandum of Understanding (MoU) signifies a major step towards electrifying commercial vehicles in China. The eGen Power 130D boasts a continuous power of 424 kW and peak output of 648 kW, designed for 13-tonne rated axles. This collaboration builds on their ongoing relationship, enhancing Allison's position in the market.

Positive
  • Strategic MoU with SAIC Hongyan for eGen Power 130D integration.
  • eGen Power 130D provides strong performance with 424 kW continuous and 648 kW peak power.
  • First Chinese OEM to adopt eGen Power 130D, expanding market presence.
  • Supports carbon-neutral goals in China by promoting electrification.
Negative
  • None.

Premium Chinese OEM will integrate Allison’s eGen Power 130D into regional and long haul tractors

INDIANAPOLIS--(BUSINESS WIRE)-- Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, in collaboration with SAIC Hongyan Automotive Co., Ltd (hereinafter referred to as SAIC Hongyan, formerly known as SIH Truck), a premium Chinese brand in the manufacturing, service and support of heavy-duty vehicles is pleased to announce a strategic Memorandum of Understanding (MoU).

Allison Transmission to integrate its eGen Power 130D into SAIC Hongyan’s regional and long haul tractors as part of recent MoU. (Photo: Business Wire)

Allison Transmission to integrate its eGen Power 130D into SAIC Hongyan’s regional and long haul tractors as part of recent MoU. (Photo: Business Wire)

The two companies will integrate the Allison eGen Power™ 130D e-Axle into SAIC Hongyan’s regional and long haul tractors as part of this MoU, and collaborate on testing and trials ahead of production sourcing decisions. This builds on the successful relationship between the two companies, where the majority of automatic equipped trucks SAIC Hongyan sells feature Allison automatic transmissions.

“We are pleased to formalize our collaboration with Allison Transmission on the integration of their eGen Power electric axles into our next generation platforms,” said Liu Bin, Deputy Director of Technical Center at SAIC Hongyan.

SAIC Hongyan will be the first Chinese OEM to integrate the eGen Power 130D electric axle into its trucks, which is specifically designed to accommodate vehicles that require a 13-tonne rated axle. This series of fully integrated electric axles replaces the traditional powertrain, and features two high-speed electric motors and a multi-speed gearbox, providing SAIC Hongyan and their customers with exceptional performance and optimized efficiency.

“This is an exciting progression for our eGen Power portfolio of products in support of our promise to provide the most reliable and valued propulsion solutions in the world,” said Heidi Schutte, Vice President of EMEA, APAC, and South America Sales for Allison Transmission. “We are pleased to continue our longstanding partnership with SAIC Hongyan in delivering innovative solutions to expand our business from refuse, heavy haulers and dump trucks, to the regional and long haul segments. This cooperation provides a good model to support the electrification of commercial vehicles in China and the realization of the national carbon neutralization strategy.”

“We support cooperation between the two companies and will work together to provide the market with a new generation of new energy heavy-duty trucks that adopt pure electric drive architecture,” said Lou Jianping, General Manager at SAIC Hongyan.

With a continuous power of 424 kilowatts (569 horsepower) and peak output power of 648 kilowatts (869 horsepower), the eGen Power 130D is among the most powerful propulsion solutions in its class, and leverages Allison’s proven control hardware and software expertise, and decades of design, validation and manufacturing experience. The result is world-class reliability, durability and performance.

For more information on Allison’s eGen Power portfolio, please visit allisontransmission.com.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, and off-highway vehicles and equipment (energy, mining and construction applications). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

About SAIC Hongyan

SAIC Hongyan is a 56-year-old heavy duty truck manufacturer in China. It provides Chinese and overseas customers with traditional power and new energy vehicles including dump trucks, tractors, cargo trucks, and special vehicles. SAIC Hongyan is headquartered in Chongqing, China, with technology centers and production bases in Chongqing and Shanghai. For more information, please visit Hongyantruck.com.

Claire Gregory

Director, Global External Communications

Claire.Gregory@allisontransmission.com

+1-317-694-2065

Source: Allison Transmission

FAQ

What is the recent development between Allison Transmission and SAIC Hongyan?

Allison Transmission has signed a Memorandum of Understanding with SAIC Hongyan to integrate its eGen Power 130D electric axle into heavy-duty trucks.

What are the power specifications of the eGen Power 130D?

The eGen Power 130D features a continuous power of 424 kW (569 hp) and a peak output power of 648 kW (869 hp).

How does the MoU impact Allison Transmission's business?

The MoU enhances Allison's market position in China, supporting the electrification of commercial vehicles and aligning with carbon-neutral strategies.

Is SAIC Hongyan the first company to use Allison's eGen Power 130D?

Yes, SAIC Hongyan is the first Chinese OEM to integrate the eGen Power 130D into its trucks.

ALLISON TRANSMISSION HOLDINGS, INC.

NYSE:ALSN

ALSN Rankings

ALSN Latest News

ALSN Stock Data

9.29B
86.05M
0.52%
99.59%
2.22%
Auto Parts
Motor Vehicle Parts & Accessories
Link
United States of America
Indianapolis