A European Union grant of nearly €2 million has been awarded to NX Technologies to advance the development of lightweight traction inverters for electric vehicles. The funding will support research and innovation aimed at improving efficiency and reducing weight in EV powertrain components. This development could accelerate the adoption of electric vehicles by addressing key challenges in battery range and vehicle performance. The project highlights growing EU investment in sustainable transportation technologies.
NX Technologies lands €1.9M EU grant for light EV traction inverters Dealroom
