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.