Hidria signs €30m deal at CWIEME Berlin 2015

Last week at the world's largest exhibition for coil winding, insulation and electrical manufacturing, Slovenian electric motor component supplier Hidria Rotomatika signed a €30m deal to supply drivetrain components for use in hybrid cars by Audi and other major automotive brands.

The deal will see Hidria’s technology built into half a million vehicles per year in the mid and higher end of the hybrid electric car market from 2016. Hidria already supplies key parts for use in models by Peugeot, Volvo, Volkswagen, Renault, Mercedes and Chrysler.

The company’s hybrid electric drives enable extra power on acceleration, while generating electricity when the car is braking or going downhill, and charging batteries needed to start the internal-combustion engine.