$NIO Inc (NIO.US)$ Italian powertrain maker Mavel gets inves...

Italian powertrain maker Mavel gets investment from Nio Capital, to be supplier of Nio's next-gen models.

Mavel is committed to providing customers with electric drive products that deliver higher performance, lower cost, and superior system-level benefits, according to the Nio Capital press release.
The company's technology is recognized by a number of world-renowned automotive companies, with key customers including Aston Martin, McLaren, Ducati, Energica, Norton and Nio, according to the release.

Mavel's drive systems feature innovative structural and engineering designs that provide significant performance advantages in terms of efficiency, speed, and power density, said Ian Zhu, a managing partner of Nio Capital.

Mavel owns numerous patented technologies with world-leading electric drive performance, and has a strong first-mover advantage with extremely high technical barriers, Nio Capital said.

Nio's investment will make it easier for them to make EVs in Italy.