AAM Recognized with Three PACE Awards for Innovative EV Technology

DETROIT, September 20, 2022 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) has been honored with three Automotive News PACE Awards, the automotive industry’s most prestigious award for innovation. AAM was recognized as the winner of a PACE Award, a PACE Innovation Partnership Award and a PACEpilot Innovation to Watch all for the company’s electric driveline innovations. The awards were announced on 19 Sep.

“We are once again honored and grateful to have been named winners of Automotive News PACE, PACE Innovation Partnership Award and PACEpilot Innovation to Watch for our electrification technologies,” he said David C Dauch, AAM Chairman and Chief Executive Officer. “Our products continue to lead the industry in power density, compact packaging, value and innovation, and this recognition supports our work to help our global customers transition to an electric future.”

PACE Award

The PACE Awards recognize automotive suppliers for superior innovation, technological advancement and business performance. AAM was awarded for its P3 2-speed Electric Drive Technology, which is used in the Mercedes-AMG GT 63 SE PERFORMANCE.

AAM’s P3 2-speed electric propulsion technology is the first production application of a P3 2-speed architecture in a drive axle. The unit also includes an electronic limited slip differential (eLSD), another industry first for an electric drive unit. (A P3 hybrid architecture adds an electric machine between the output of the transmission and the wheels. For this application, the electric machine was placed in the axle.)

The 28th Annual PACE Awards were presented by Automotive News. The competition was open to suppliers who directly contribute products, processes, materials or services to the manufacture of cars or trucks. The Automotive News PACE Award is recognized worldwide as the industry benchmark for innovation.

PACE Innovation Partnership Award

AAM and Mercedes-AMG have been recognized with a PACE Innovation Partnership Award for their work on the P3 2-speed electric drive technology of the Mercedes-AMG GT 63 SE PERFORMANCE for their high level of collaboration that goes beyond everyday joint efforts.

The PACE Innovation Partnership Award recognizes OEMs and suppliers that have made a strategic difference by successfully bringing supplier innovations to market based on supplier applications, thorough on-site visits and a review of the entire PACE finalist field. The awards are determined by a full independent jury.

PACEpilot Innovation to look at

AAM was also recognized as a 2022 Automotive News PACEpilot Innovation to Watch for its P4 integrated 3-in-1 Wheel-End Electric Drive Unit (EDU), which includes a motor, transmission and inverter in a single compact and lightweight package . The EDU can be used in wheel-end, eBeam, and other applications for passenger cars, light trucks, last-mile deliveries, and heavy-duty truck platforms. The engine power ranges from 100 to 350 kW and enables 2-wheel or 4-wheel drive. AAM’s technology is owned and operated by REE Automotive Ltd. used in his REEcornerTM Technology.

The 3rd annual PACEpilot program was presented by Automotive News. The competition was open to suppliers and startups that have invented products, software/IT systems or processes and think tanks that have the ability to transform the automotive industry. The Automotive News PACEpilot program is a pioneer in recognizing global emerging innovators.

This recognition further demonstrates AAM’s leadership in electrification, having previously been recognized in 2020 with two PACE Awards for the company’s electrification innovation on the Jaguar I-PACE.

About AAM

As a leading global Tier 1 automotive and mobility supplier, AAM (NYSE: AXL) develops, designs and manufactures powertrain and metal forming technologies in support of electric, hybrid and internal combustion engines. headquarters in Detroit With nearly 85 facilities in 18 countries, AAM brings the future faster for a safer and more sustainable future. To learn more, visit aam.com.

For more informations:

Media contact:
Christopher M. Son
Vice President, Marketing & Communications
(313) 758-4814
[email protected]

Investor contact:
David H. Lim
Head of Investor Relations
(313) 758-2006
[email protected]

SOURCE American Axle & Manufacturing Holdings, Inc.

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