Top Industry Leaders in the Electric Axle Drive Systems Market
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
November 2023- Volvo has restyled another Chinese-owned car maker's vehicle to unveil the 2024 Volvo EM90, the first sliding-door people mover in the Swedish car maker's 96-year history. Initially, the USD180,000 EM90 will be exclusive to the Chinese market – where high-priced, luxury "MPVs" (multi-purpose vehicles) are still popular as chauffeur-driven transport – and skip Australia. While it is pitched as a "Scandinavian living room on the move", the EM90 is not a Volvo from the ground up but rather a rebadged and restyled version of the Zeekr 009 electric people mover sold in China. Volvo and Zeekr are owned by Geely, one of China's largest car makers – which also counts UK sports-car specialist Lotus and Volvo's electric-car spin-off Polestar in its stable. With Zeekr as the basis for Volvo's first people mover, it allows the Swedish brand to reduce costs for a vehicle that will be sold in a handful of countries, in a segment of the market that – compared to luxury SUVs – is niche. Volvo's largest electric vehicle yet – at 5.2m long and 2.0m wide – costs 818,000 Chinese yuan, or USDAU180,000. The EM90 offers up to 738km of claimed driving range – albeit in lenient CLTC lab testing in China – and weighs 2.7 tonnes. Six seats are standard – in a 2-2-2 layout – with the two middle-row passengers treated to "lounge seats" with individual heating, ventilation, massaging functions, power adjustment and sliding, and access to built-in tables and cupholders. Volvo claims the seats have "zero gravity cushions with a seven-layer structure and a thickness exceeding 120mm, including high-density damping layers for both comfort and support." However, the seat backrests appear to have been lifted – or derived – from the Zeekr, though the headrest and base look to be new.
Top listed global companies in the industry are:
- ZF Friedrichshafen AG (ZF)
- Dana Ltd.
- HELLA
- Toyota Industries
- Meritor Inc.
- Manga Iinternational Inc.
- Continental AG
- Ziehl Abegg SE
- Robert Bosch GmbH
- American Axle & Manufacturing Holdings
- Borgwarner Inc.
- GKN Plc, and others.