TM4, SME, and PEPS became Dana TM4
On July 19th, 2019, Hydro-Québec announced that the company has invested $85 million to secure the growth of TM4, now called Dana TM4. Dana TM4 now holds 100% of Chinese company Dana Electric Motor Co. Ltd , formerly called Prestolite E-Propulsion Systems (PEPS), in which Dana TM4 previously held a 50% interest. Dana TM4 now also integrate SME. SME low-voltage systems are a perfect complement to the Dana TM4 high-voltage product line.
Ashwoods Electric Motors became Dana TM4
Dana TM4 now also integrate Ashwoods Electric Motors. Their low-voltage IPM motors are a perfect complement to the Dana TM4 current product line.