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Michelin to develop electric powertrain system with Chinese firm

French tire maker Michelin and Chinese battery material supplier CITIC Guoan Mengguli Corp. (MGL) signed an agreement to develop electric powertrain systems for electric vehicles and plug-in hybrids, according to MGL General Manager Qi Lu. “The electric powertrain system with Michelin’s active wheels can be supplied to automakers in China by the year-end of 2008,” said Qi. He predicts that future demand for the electric powertrain system will mainly come from overseas. MGL was the exclusive battery supplier for 50 electric buses used in the Olympic village during the 2008 Summer Olympics held in Beijing in August. (December 15, 2008)