-+ 0.00%
-+ 0.00%
-+ 0.00%

Garrett Motion Signs Strategic Agreement With Shaanxi Hande Axle To Co-Develop And Manufacture Advanced Electric Beam Axle Systems For Medium And Heavy-Duty Trucks

Benzinga·04/23/2025 11:35:30
Listen to the news

ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd. (HanDe), a leading Chinese axle manufacturer for commercial vehicles, have signed a strategic agreement, including a series production award, to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty trucks. The signing took place today at the Shanghai Auto Show—China's flagship platform for mobility innovation—marking a significant milestone in the electrification of commercial transport.

Under the agreement, Garrett and HanDe will co-develop next-generation electric beam axle systems across truck weight classes, with production targeted for 2027. The solution will integrate Garrett's high-speed e-motor and inverter technology into HanDe's proven axle and transmission platforms—delivering industry-leading TCO, high performance, efficient packaging, and system scalability.

The strategic partnership includes a multi-year production award from major Chinese commercial vehicle manufacturers and will support both high-volume domestic output and international expansion. Initial manufacturing will take place in Xi'an and Wuhan, with test fleets set to begin field trials in 2026 as part of a broader global rollout strategy.