January 02, 2015 | By Axiom
In 2015, acquired majority stake in an Itlian automotive electronics manufactuerer. At the time the company concentrated in EU markets, with occasional sales to Russia. Today, the company has 2 manufacturing locations in China, with a production capacity/revenue size 3 times before, and one of its core product - On-board Battery Charger (OBC) contributing most of the growth driven by global (especially China) EV demands. During COVID pandemic, China capacity puts the company at top of global OBC supplier list.