Fiat Power Technology Announces Acquisition of Part of BLUE ENERGY MOTORS.

Fiat Power Technology and Blue Energy Motors Will continue to work together，Help achieve decarbonization and energy transformation。Iveco Group's global powertrain brand Fiat Power Technologies announced，Already with Blue Energy Commercial Vehicles Private Ltd Sign partial equity investment agreement，The company is headquartered in Pune, India.，It's a zero-emission Truck technology company.，Main manufacturing Blue Energy Motors Its clean energy Trucks。(Completion is subject to the satisfaction of Conditions Precedent。)Prior to July，The two sides have held in Turin. Beyond Agreement reached during the event，It was officially launched in early September in Chakan Town, Pune County, India. Blue Energy Motors Assembly plant，The first liquefied natural gas was assembled (LNG) Fuel Truck。This investment further reflects Fiat Power Technology's commitment to Blue Energy Motors Full support for development，Help it achieve its ambitious goal of promoting India's decarbonization transformation.。Although the collaboration is focused on natural gas fuel applications，But also foreshadows future support and joint development projects in the field of electrification.。Fiat Power Technology has more than 25 years of natural gas engine technology and rich experience in this field.Access to the Indian road market。

In the photo：Left side-Blue Energy Motors Chief Executive Officer Anirudh Bhuwalka；

Right side-President, Powertrain Division, Iveco Group Sylvain Blaise

（Taken at the International Transport Expo 2022）

“We are very honored to be able to work with Blue Energy Motors Sign the agreement，To provide them with our N67 NG Natural gas engine，”President, Powertrain Division, Iveco GroupSylvain Blaise Express，“This further expands the scope of our cooperation.，Reflect our role as a technology provider，Commitment to our capabilities in the field of alternative energy and power。”

Blue Energy Motors Chief Executive Officer Anirudh Bhuwalka Express：“Strengthening cooperation with Fiat Power Technology will help us continue to promote the development of the company.，Jointly develop new powertrain solutions，To achieve our common goal. — Towards an energy transition。”

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