Garrett expands its innovation footprint with new zero-emission R&D center in Wuhan, China
Garrett Motion Inc. (NASDAQ: GTX) has announced the establishment of a new zero-emission innovation center in Wuhan, China. The center, located at Garrett's Wuhan manufacturing facility, will focus on advancing research into high-speed E-Powertrain systems, fuel cell compressors, and electric vehicle cooling solutions. It will feature state-of-the-art R&D labs, a prototype development workshop, and offices with advanced testing capabilities.
The Wuhan Innovation Center will enhance Garrett China's role in the global R&D network, accelerating the transition of zero-emission technologies to practical applications for local market needs. This expansion builds on Garrett's 30-year history of providing turbo technologies to the Chinese automotive industry and its 15-year presence in Wuhan, where it has produced over 10 million turbos.
The new center will complement Garrett's existing R&D Center in Shanghai and strengthen its ability to meet the evolving needs of the Chinese automotive industry, particularly in the growing zero-emission vehicle sector.
Garrett Motion Inc. (NASDAQ: GTX) ha annunciato l'istituzione di un nuovo centro di innovazione a zero emissioni a Wuhan, Cina. Il centro, situato presso lo stabilimento di produzione di Garrett a Wuhan, si concentrerà sull'avanzamento della ricerca su sistemi E-Powertrain ad alta velocità, compressori a celle a combustibile e soluzioni di raffreddamento per veicoli elettrici. Disporrà di laboratori di R&D all'avanguardia, un laboratorio per lo sviluppo di prototipi e uffici con capacità di test avanzate.
Il Centro di Innovazione di Wuhan migliorerà il ruolo di Garrett in Cina all'interno della rete globale di R&D, accelerando la transizione delle tecnologie a zero emissioni verso applicazioni pratiche per le esigenze del mercato locale. Questa espansione si basa sulla storia trentennale di Garrett nel fornire tecnologie turbo all'industria automotive cinese e sui suoi 15 anni di presenza a Wuhan, dove ha prodotto oltre 10 milioni di turbo.
Il nuovo centro completerà il centro R&D esistente di Garrett a Shanghai e rafforzerà la sua capacità di soddisfare le crescenti esigenze dell'industria automobilistica cinese, in particolare nel crescente settore dei veicoli a zero emissioni.
Garrett Motion Inc. (NASDAQ: GTX) ha anunciado el establecimiento de un nuevo centro de innovación de cero emisiones en Wuhan, China. El centro, ubicado en la instalación de fabricación de Garrett en Wuhan, se centrará en avanzar en la investigación sobre sistemas E-Powertrain de alta velocidad, compresores de celdas de combustible y soluciones de refrigeración para vehículos eléctricos. Contará con laboratorios de I+D de última generación, un taller de desarrollo de prototipos y oficinas con capacidades de prueba avanzadas.
El Centro de Innovación de Wuhan mejorará el papel de Garrett en China dentro de la red global de I+D, acelerando la transición de tecnologías de cero emisiones a aplicaciones prácticas para las necesidades del mercado local. Esta expansión se basa en los 30 años de historia de Garrett en proporcionar tecnologías turbo a la industria automotriz china y sus 15 años de presencia en Wuhan, donde ha producido más de 10 millones de turbos.
El nuevo centro complementará el centro de I+D existente de Garrett en Shanghái y fortalecerá su capacidad para satisfacer las necesidades cambiantes de la industria automotriz china, especialmente en el creciente sector de vehículos de cero emisiones.
Garrett Motion Inc. (NASDAQ: GTX)은 중국 우한에 새로운 무공해 혁신 센터 설립을 발표했습니다. Garrett의 우한 제조 시설에 위치한 이 센터는 고속 E-Powertrain 시스템, 연료 전지 압축기 및 전기차 냉각 솔루션에 대한 연구를 발전시키는 데 집중할 것입니다. 최첨단 R&D 실험실, 프로토타입 개발 워크숍 및 고급 테스트 기능을 갖춘 사무실이 마련될 예정입니다.
우한 혁신 센터는 Garrett China의 글로벌 R&D 네트워크에서의 역할을 강화하여 무공해 기술의 실제 적용으로의 전환을 가속화할 것입니다. 이번 확장은 중국 자동차 산업에 터보 기술을 제공한 Garrett의 30년 역사와 우한에서 1,000만 대 이상의 터보를 생산한 15년의 존재를 바탕으로 하고 있습니다.
새로운 센터는 Garrett의 상하이 기존 R&D 센터를 보완하고, 특히 성장하는 무공해 차량 부문에서 중국 자동차 산업의 변화하는 요구를 충족할 수 있는 능력을 강화할 것입니다.
Garrett Motion Inc. (NASDAQ: GTX) a annoncé l'établissement d'un nouveau centre d'innovation à zéro émission à Wuhan, en Chine. Le centre, situé dans l'établissement de fabrication de Garrett à Wuhan, se concentrera sur l'avancement de la recherche sur les systèmes E-Powertrain haute vitesse, les compresseurs de piles à hydrogène et les solutions de refroidissement pour véhicules électriques. Il sera doté de laboratoires R&D à la pointe de la technologie, d'un atelier de développement de prototypes et de bureaux avec des capacités de test avancées.
Le Centre d'Innovation de Wuhan renforcera le rôle de Garrett en Chine au sein du réseau mondial de R&D, accélérant la transition des technologies à zéro émission vers des applications pratiques répondant aux besoins du marché local. Cette expansion s'appuie sur les 30 ans d'histoire de Garrett en fournissant des technologies turbo à l'industrie automobile chinoise et sur ses 15 ans de présence à Wuhan, où plus de 10 millions de turbos ont été produits.
Le nouveau centre complétera le centre R&D existant de Garrett à Shanghai et renforcera sa capacité à répondre aux besoins évolutifs de l'industrie automobile chinoise, en particulier dans le secteur croissant des véhicules à zéro émission.
Garrett Motion Inc. (NASDAQ: GTX) hat die Errichtung eines neuen Innovationszentrums für emissionsfreie Technologien in Wuhan, China, bekannt gegeben. Das Zentrum, das sich in der Produktionsstätte von Garrett in Wuhan befindet, wird sich auf die Weiterentwicklung der Forschung zu Hochgeschwindigkeits-E-Powertrain-Systemen, Brennstoffzellenkompressoren und Kühllösungen für Elektrofahrzeuge konzentrieren. Es wird über modernste F&E-Labore, eine Prototypenentwicklungswerkstatt und Büros mit fortschrittlichen Testmöglichkeiten verfügen.
Das Innovationszentrum Wuhan wird die Rolle von Garrett in China im globalen F&E-Netzwerk stärken und den Übergang emissionsfreier Technologien zu praktischen Anwendungen für die Bedürfnisse des lokalen Marktes beschleunigen. Diese Expansion baut auf Garretts 30-jähriger Geschichte in der Bereitstellung von Turbotechnologien für die chinesische Automobilindustrie und seiner 15-jährigen Präsenz in Wuhan auf, wo über 10 Millionen Turbos produziert wurden.
Das neue Zentrum wird Garrets bestehendes F&E-Zentrum in Shanghai ergänzen und die Fähigkeit stärken, den sich entwickelnden Bedürfnissen der chinesischen Automobilindustrie gerecht zu werden, insbesondere im wachsenden Sektor der emissionsfreien Fahrzeuge.
- Expansion of R&D capabilities in the growing Chinese zero-emission vehicle market
- Establishment of a new innovation center focused on advanced electric vehicle technologies
- Leveraging 30 years of experience and existing manufacturing presence in China
- Potential for attracting top talent and new partnerships in Wuhan's automotive cluster
- None.
Insights
Garrett Motion's new zero-emission innovation center in Wuhan marks a strategic move to capitalize on China's rapidly growing electric vehicle market. The focus on high-speed E-Powertrain systems, fuel cell compressors and EV cooling solutions aligns with the industry's shift towards electrification. This expansion demonstrates Garrett's commitment to transitioning from traditional turbo technologies to zero-emission solutions.
The choice of Wuhan is significant, leveraging the city's emerging automotive innovation ecosystem and talent pool. By integrating R&D with its existing manufacturing facility, Garrett can accelerate the development-to-production cycle. This localized approach should enable faster adaptation to Chinese market needs, potentially giving Garrett a competitive edge in the world's largest EV market.
However, investors should note that while this move positions Garrett well for future growth, it may require substantial investment and take time to yield tangible financial returns. The success will depend on Garrett's ability to innovate and secure contracts with major Chinese EV manufacturers in a highly competitive landscape.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China.
Garrett Wuhan Plant
Building on its extensive and proven track record in China, Garrett will use the Wuhan Innovation Center to advance its research into cutting-edge zero-emission technologies. The center, based at Garrett’s Wuhan manufacturing facility, will focus on high-speed E-Powertrain systems, fuel cell compressors, and electric vehicle cooling solutions. It will feature state-of-the-art R&D labs, a prototype development workshop, and offices with advanced testing capabilities. The addition of the Wuhan Innovation Center will enhance Garrett China’s role in the global R&D network, accelerating the transition of zero-emission technologies to practical applications for local market needs.
Garrett E-powertrain (3-in-1 E-Axle)
“For the past 30 years, we have been at the forefront of providing cutting-edge turbo technologies to the Chinese automotive industry,” said Olivier Rabiller, President and CEO of Garrett Motion. “Over the last 15 years, we have seen firsthand the depth of talent in Wuhan as we’ve expanded our manufacturing footprint, producing over 10 million turbos. Now, we are taking a significant step forward, establishing a new lab focused on driving industry-leading technologies for electric powertrains in new energy vehicles. The Wuhan Innovation Center will complement our state-of-the-art R&D Center in Shanghai and strengthen our ability to meet the evolving needs of the Chinese automotive industry.”
Jessica Zhang, Vice President and General Manager of Garrett China, highlighted the importance of Wuhan’s automotive innovation ecosystem: “Our new Wuhan Innovation Center will significantly enhance our R&D capabilities in China. As demand for zero-emission vehicles continues to rise, this center will enable us to develop transformative technologies that improve electric vehicle performance and range. The city’s growing automotive cluster will help us attract top talent, engage new partners, and collaborate with leading universities.”
About Garrett Motion Inc.
Garrett Motion is a differentiated technology leader serving automotive customers worldwide for nearly 70 years. Known for its global leadership in turbocharging, the company develops transformative technologies for vehicles to become cleaner and more efficient. Its advanced technologies help reduce emissions and reach zero emissions via passenger and commercial vehicle applications – for on and off-highway use. Its portfolio includes turbochargers, electric turbos (E-Turbo) and electric compressors (E-Compressor) for both ICE and hybrid powertrains. In the zero-emissions vehicle category, the company offers fuel cell compressors for hydrogen fuel cell vehicles as well as electric propulsion and thermal management systems for battery electric vehicles. Garrett boasts five R&D centers, 13 manufacturing sites and a team of more than 9000 people located in more than 20 countries. Its mission is to empower the transportation industry to further advance motion through unique, differentiated innovations. For more information, please visit www.garrettmotion.com.
About Garrett Motion China
Garrett established its presence in China in 1994 and was among the first global companies to introduce turbocharging technology into the country. Headquartered in Shanghai, Garrett has two world-class, advanced manufacturing facilities in Shanghai and Wuhan, as well as 2 innovation centers. The company employs more than 1,000 people, including a China R&D team of over 200 specialists with end-to-end engineering and service capabilities. Garrett boasts lasting partnerships with more than 40 global and Chinese automakers. It offers a comprehensive portfolio of turbocharging technology for gasoline, diesel, natural gas, hybrid and zero emission technology for battery electric vehicles.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements including, without limitation, our statements regarding the completion of the Offering. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include but are not limited to those described in our annual report on Form 10-K for the year ended December 31, 2023, as well as our other filings with the Securities and Exchange Commission, under the headings “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements.” You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements.
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