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Dana Incorporated picks up 1% stake in Switch Mobility for $18 million

Dana Incorporated picks up 1% stake in Switch Mobility for $18 million Switch Mobility has signed a strategic agreement with Dana under which the latter will also be a preferred supplier of electric drivetrain components for its e-bus and EV commercial vehicle offering, including e-axles, gearboxes, motors, inverters, software and controls, and electronics cooling, the company said in a statement.

from Moneycontrol Business News https://ift.tt/3l6yFgS
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