The company Gkn Driveline is in the midst of the storm after announcing a lash of layoffs at its manufacturing plant in Florence. Despite this, the company continues with technological development, especially with the 800 V in mind.
The company, whose main business is transmission systems also through partnerships with brands such as Jeep, is driving the development of the new eDrive devices. This is a very important sector because a more efficient transmission equates to an increase in range in electric and electrified cars. Consequently this is a crucial technology, because the improvement of this element could be followed by a shrinking of the batteries. From here it would lead to lighter and less expensive cars.
Liam Butterworth, CEO of GKN Automotive said: “High-tech 800V systems will create cars that can cope with better charging times and have longer battery life“. The company’s eDrive system has been in use for over 20 years and already powers more than 1.5 million vehicles worldwide, with systems found in both electric and hybrid vehicles. GKN Automotive states, according to Autocar reports, that future 800 V systems are at an advanced stage of development and are currently being tested under real conditions. The development is supported by the company’s partnership with the Jaguar Racing team in Formula E: “The developments carried out together with Jaguar Racing will likely be available on road cars as early as three years from now“, They say from the company.
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According to what reported by the Daily News, “the annual cost of the 422 workers at the Campi Bisenzio factory is 19 million euros, less than what Simon Peckham and Christopher Miller, CEO and vice president of Melrose, the English hedge fund that took control of Gkn in a single day, 2018. The sale of the shares dates back to April, three months later the redundancies by email took place. But the situation was not irrecoverable. The factory had lost 4.5 million in 2020 and 3.5 in 2019 but in previous years it raised profits of 10 million; top management wrote that in the first quarter of 2021 the turnover had already risen compared to forecasts. A money machine, for its shareholders, certainly not for the fate of the companies that buy, restructure and resell as in the case of Gkn in Florence, closed in a flash for a few million losses in two years, which were about to be recovered.“.