Minda Corporation, Spark Minda's flagship company, has inked a Technology Licensing Agreement with Sanco Connecting Technology of China, a market leader in Electric Vehicle (EV) connecting systems. The partnership will expand Minda Corporation's product portfolio offering in the growing EV industry, specifically in the areas of Electrical Distribution Systems (EDS). Minda Corp. and Sanco will jointly develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU), and Battery Distribution Units (BDU). This is also expected to boost Minda Corporation's Wiring Harness Division's vertical integration capabilities, cementing its position as a vital player in the EV supply chain ecosystem.
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Commenting on the development, Aakash Minda, Executive Director said, 'We are excited to partner with SANCO, a collaboration that marks a significant milestone in our pursuit to deliver comprehensive and customised Electrical Distribution System (EDS) solutions to the EV market. This partnership signifies our shared commitment to offer innovative & sustainable mobility solutions for the growing Electric Vehicle industry. By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, delivering greater value for our customers.'
Zhijian Zeng, Chairman of Sanco Connecting Technology (Guangdong) Co., Ltd., stated, 'Sanco has chosen Minda Corporation as a strategic partner to expand our global footprint. This collaboration will significantly boost Sanco’s presence in India’s expanding EV market. By leveraging Minda Corporation’s strong relationships with global automakers and extensive local production and engineering capabilities, we aim to deliver world-class, technology-backed solutions to Indian OEMs.'
About Minda Corporation and Sanco Connecting Technology
Established in 1985, Minda Corporation is a prominent automotive component manufacturing company based in India, having a pan-India and substantial international presence. Minda Corporation is Spark Minda's flagship arm, previously part of the Minda Group. The company has an extensive product range including Mechatronics, Information and Connected Systems, and Plastic and Interior for auto OEMs. These products are designed for two- and three-wheelers, passenger vehicles, commercial vehicles, off-roaders, and the after-market. The company has a diverse customer base, which includes Indian and global original equipment manufacturers, as well as Tier 1 customers.
Sanco Connecting Technology (Guangdong) Co., Ltd., founded in 2009 and headquartered in Guangdong, is a national high-tech company, specialising in R&D, design, manufacturing, sales, and after-sales support. Sanco offers comprehensive manufacturing capabilities, including precision mould, cold forging, injection moulding, stamping, CNC machining, electroplating, electrostatic spraying, and assembly. It has four plants spanning an area of over 1,50,000 sqm. It caters to new energy vehicles, industrial automation, rail transit, energy storage, communication, power, and other industries.
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