SKF and Wolong cooperate to increase competitiveness in electric drive products
Gothenburg, 17 May 2023: SKF and Wolong Group, the Chinese global manufacturer of motor and drive solutions, have signed a memorandum of understanding to explore the possibilities of entering a strategic cooperation focused on the promotion and application of magnetic bearing technology. By bringing more competitive electric drive products within high-speed drive control to the market, the companies strive to reduce costs and increase efficiency for customers as well as to ensure a sustainable development of the industry.
Promoted by the application of magnetic bearing technology, high-