Siemens Mobility and Mitsubishi Electric Europe B.V. sign MoU to push the use of high voltage SiC technology for increasing the energy efficiency of railway drive systems
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2021, which ended on September 30, 2021, Siemens Mobility posted revenue of €9.2 billion and had around 39,500 employees worldwide. Further information is available at: www.siemens.com/mobility
With more than 100 years of experience in providing reliable and high-quality products, Mitsubishi Electric Corporation (TOKIO: 6503) is a globally recognized leader in the manufacturing, marketing and sales of electrical and electronic equipment for information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, mobility and building technology. Following "Changes for the Better," Mitsubishi Electric strives to enrich society with technology. The company had consolidated sales of $36.7 billion* at the end of the fiscal year on March 31, 2022. For more information, visit: www.MitsubishiElectric.com
* U.S. dollar amounts are converted at an exchange rate of 122 yen for 1 U.S. dollar, the approximate exchange rate on the Tokyo Foreign Exchange as of March 31, 2022.
Sales offices, research companies and development centers, and manufacturing facilities are located in more than 30 countries. Mitsubishi Electric has been represented in Germany since 1978 as a branch of Mitsubishi Electric Europe. Mitsubishi Electric Europe is a wholly owned subsidiary of Mitsubishi Electric Corporation in Tokyo.
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