Garrett expands its innovation footprint with new zero-emission R&D center in Wuhan, China
October 09 2024 - 10:59AM
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
ChinaGarrett 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 StatementsThis
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.
Contacts:
Media |
Investor Relations |
Amanda Jones |
Eric Birge |
+41.79.601.07.87amanda.jones@garrettmotion.com |
+1.734.392.5504eric.birge@garrettmotion.com |
Garrett Motion (NASDAQ:GTX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Garrett Motion (NASDAQ:GTX)
Historical Stock Chart
From Nov 2023 to Nov 2024