11/26/2018

Eaton’s New eMobility Business

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Earlier this year Eaton Corp. combined products, expertise and manufacturing capabilities from its Electrical and Vehicle groups to create a 1,200-employee business called eMobility.

Loading the player ...


Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Earlier this year Eaton Corp. combined products, expertise and manufacturing capabilities from its Electrical and Vehicle groups to create a 1,200-employee business called eMobility, headed by Jeff Lowinger.

The unit plans to invest $500 million over the next five years on products related to power systems, intelligent power electronics and advanced power distribution. Lowinger says the eMobility unit targets revenue of $2 billion-$4 billion by 2030, when the vehicle electrification market is expected to reach $30 billion.

He notes that the unit’s missions extends beyond passenger cars to encompass commercial and off-road vehicles. Click HERE to learn more about Eaton’s eMobility business.

RELATED CONTENT