FOSHAN, China - Shihe Electric is the new owner of Ttium Motor Technology, better known in the market as Motinova. Foshan-based Shihe Electric acquired 55% of the shares, effective October 17, as reported by Ttium Motor Technology in a letter to its customers and industry partners.

The latest Motinova and Welling e-bike motor series made their debut on Eurobike 2022, one of the three most important bike fairs in Europe. Heavily loaded with innovative features in intelligent functionalities, efficiency, smoothness, low noise, compactness and excellent riding experience, new offerings from the two brands attracted attentions from industry peers, traders, and bike fans in this trendsetting event. The parent company of the two brands, Midea Industrial Technology, was known in China for focusing on R&D, manufacturing, and sales of high-precision motors.

BEN CAT TOWN, Vietnam - Motinova, a partnership between the two Chinese companies HL Corp. and TTium opened a new e-bike motor factory in the South of Vietnam last week.