Overview
Punch Powertrain develops and produces transmission and propulsion systems for automotive OEMs and mobility providers, covering conventional, hybrid and full electric powertrains. It is headquartered at Ondernemerslaan 5429 in Sint-Truiden, with further sites in Clermont-Ferrand, Nanjing, Subang Jaya and Pune. The company was founded in 1972 as DAF Produktie Sint-Truiden N.V. The Sint-Truiden operation belonged to Volvo from 1975 to 1997 and to ZF Friedrichshafen until 2005, and Punch International acquired it in 2006. The sale of 100 percent of the shares to China's Yinyi Group closed on 31 August 2016, with Gimv, the Gimv-XL fund, LRM, Capricorn and management selling out. Turnover at that point was 326 million EUR and headcount had passed 1,200. Revenue fell from 209 million EUR in 2021 to 183 million EUR in 2022, and Belgian headcount fell from 483 to 156. In May 2024 Stellantis took full control of the e-Transmissions joint ventures after a Belgian court of appeal ruling, moving around 600 Sint-Truiden production workers onto the Stellantis payroll. The company reported 4 million CVTs in operation in August 2025 and inaugurated a plant in Perak, Malaysia with Proton that same month. Wang Lipu became Chief Executive Officer on 8 May 2026, succeeding Sebastien Mazoyer.
Funding history
- 2010 growth investment: Gimv and the Gimv-XL fund invested; turnover then grew almost fivefold to 326 million EUR and headcount from 210 to over 1,200 by 2016
- 2013 partial exit: Gimv sold part of its holding, retaining a 32 percent stake; New Horizon entered as a Chinese shareholder
- 2016 acquisition: Yinyi Group acquired 100 percent of the shares, closing 31 August 2016; Gimv booked a 44 million EUR net positive impact
- 2024 joint-venture takeover: Stellantis took full control of the e-Transmissions and e-Transmissions Assembly joint ventures in May 2024 following a Belgian court of appeal ruling; Punch Powertrain then carried 494 million EUR of debt and 263 million EUR of cumulative losses
Stated facts & numbers
- Founded: 1972, as DAF Produktie Sint-Truiden N.V.
- Headquarters: Sint-Truiden, Belgium
- CEO: Wang Lipu, appointed 8 May 2026
- Previous CEO: Sebastien Mazoyer, appointed May 2023, stepped down May 2026
- Owner: Yinyi Group, China, since 31 August 2016
- Employees: About 670 worldwide, March 2026 estimate
- Sites: Sint-Truiden, Clermont-Ferrand, Nanjing, Subang Jaya, Pune
- Products: CVT (VT2, VT3, VT3+, VT5), dual clutch (DT1, DT2C), dedicated hybrid (DHT 48V, DHT120, DHT150, DHT200, DHT L), inverters, eDrives, reducers, e-motors
- Customers and partners: Proton, Stellantis, Traxial
- Milestone: 4 million CVTs on the road, August 2025
- Revenue: 183 million EUR in 2022, down from 209 million EUR in 2021
- Award: ICE / Hybrid Powertrain / Alternative Fuel Tech Innovation Award, ET AutoTech Awards 2026, for the DHT120
Key people
In the news
- Employee Testimonial Muhammad Firdaus Bin Shamsul, Production Engineer in Malaysia, shares his experience working at Punch Powertrain. #WeMoveCareDeliver #LifeAtPunchPowertrain #PunchPowertrain
- 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐃𝐇𝐓𝟏𝟐𝟎 + 𝐁𝟏𝟓𝐇𝐄, 𝐚𝐧 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐡𝐲𝐛𝐫𝐢𝐝 𝐩𝐨𝐰𝐞𝐫𝐭𝐫𝐚𝐢𝐧 𝐭𝐡𝐚𝐭 𝐜𝐨𝐦𝐛𝐢𝐧𝐞𝐬 𝐚 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐡𝐲𝐛𝐫𝐢𝐝 𝐞𝐧𝐠𝐢𝐧𝐞 𝐚𝐧𝐝 𝐭𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐢𝐧 𝐨𝐧𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧. Developed for entry-level and compact cars, it offers OEMs a compact, modular hybrid powertrain that simplifies vehicle integration while delivering high efficiency and performance. 𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: • ≥90% WLTC system efficiency • 185 kW combined system output
- Earlier this year, Punch Powertrain and ENGIBEX came together for Engineering for Good, a joint initiative to support students at Sagarmatha Public Academy, Saptari, Nepal. The initiative was led on the ground by Amit Pandit, an Engibex consultant from Nepal, who spent 3 days at the school coordinating on-site activities and engaging with students throughout the visit. During the visit, Amit conducted interactive Arduino and mechatronics workshops, giving 29 students the opportunity to explore practical engineering concepts
- Punch Powertrain's globally renowned CVT is arriving soon on Indian Roads. With more than 4 million CVTs on the road worldwide, our CVT will soon power compact SUVs in India for a leading global OEM. This marks another significant milestone for Punch Powertrain as an independent transmission supplier. Engineered to deliver smooth acceleration, driving comfort, fuel efficiency, and long-term reliability, our CVT reflects decades of engineering expertise and continuous innovation to meet the evolving needs of OEMs worldwide. This
- Indian roads put every transmission to the test. From monsoon flooding and stop-and-go traffic to steep hill climbs, these are the conditions DT1 was engineered for. With two wet clutches, a wide first gear for confident hill starts, and fewer moving parts for lasting durability, DT1 is built to perform where it matters most. #PunchPowertrain #DT1 #DualClutchTransmission #AutomotiveEngineering
- Punch Powertrain wins the ICE / Hybrid Powertrain / Alternative Fuel Tech Innovation Award at the ET AutoTech Awards 2026! We are proud to be recognised for our DHT120 Dedicated Hybrid Transmission, purpose-built for India's B-segment, delivering up to 31% fuel efficiency improvement and fuel consumption below 4 litres per 100km. The ET AutoTech Awards are part of the ETAutoTech Summit, Asia's largest automotive technology platform organised by The Economic Times Auto, bringing together senior automotive executives and industry
- Punch Powertrain announces the appointment of Wang Lipu as its new Chief Executive Officer. Wang Lipu brings over 20 years of deep experience in the automotive industry, with a proven track record in business growth and a broad international vision. We are excited to welcome him as he leads Punch Powertrain into its next chapter. Read the full announcement: https://lnkd.in/dZm25fTd #PunchPowertrain #Leadership #CEO
Alumni 6 went on to found or lead
Dimitri ArendtLead Controls Engineer→Founder at ANTwork
Geert CampsProcess Development and Industrialisation Specialist EOL testing→CEO at Del Ponti Plastics
Hans Van ReuselBusiness Leader DT1 | Industrial Director→CEO at IPTE
Johan JanssensBusiness Process Management→Chief Operating Officer at bedal
Jonathan PalmaersManufacturing Engineer→CEO at FuseLab
Maged RawashEmbeded Software Consultant→CEO & Founder at Smarterminds
Gert MinnartApplication Project Leader→COO at Optimum Sorting
The full Punch Powertrain mafia →
Something wrong or missing? Send an update. Fixed within 24 hours.