Established in 2012 Prestolite E-Propulsion Systems know as PEPS is a Joint Venture created between TM4 and Prestolite Electric from Beijing. The business objective of PEPS is to manufacture and sell electrical propulsion systems for both trucks and buses in China. the JV brings together two key players. On one hand TM4 brings its products technologies and know-how in electrical motor power and control electronics software and system integration. On the other hand, Prestolite Electric brings to the JV its manufacturing and supply chain expertise as well as direct access to all the key major players in china for the markets that we target. PEPS intends to be a leader by the quality of its products and the customer support and solution it will provide. With the support of both partners, we have the right recipe for success.