Today at Auto Shanghai, Dana Incorporated (NYSE: DAN) announced the expansion of the company’s comprehensive support for sustainability initiatives in China. These measures align with the carbon neutrality targets in China’s 14th Five-Year Plan by adding new technologies and engineering capabilities for vehicle manufacturers while bolstering Dana’s internal measures to be more environmentally responsible.
Celebrating its 30th anniversary in mainland China this year, Dana offers a wide and growing portfolio of e-Drive technologies and systems, as well as thermal-management solutions that help Chinese original-equipment manufacturers improve the performance of new energy vehicles.
Additionally, Dana has made a substantial and global commitment to improving its sustainability profile through a series of initiatives that will reduce its total annual greenhouse gas emissions by at least 50 percent before the end of 2035, a decrease of more than 300,000 metric tons of greenhouse gas emissions annually.
“With its provisions for reducing energy and carbon dioxide intensity, China’s recently approved 14th Five-Year Plan will drive deeper sustainability improvements and further extend the country’s leadership in vehicle electrification,” said Marcus King, country leader for Dana’s operations in China. “Dana is prepared to support Chinese vehicle manufacturers today with advanced drive technologies and thermal-management solutions that support electrified light vehicles, backed by an aggressive commitment to dramatically improve the sustainability footprint of our operations here, as well.”