In 1991, Punch Powertrain (then still as part of Volvo) started with the production of Continuously Variable Transmissions (CVTs) from the VT-product family. Now, 24 years later, 1.000.000 CVTs have been produced. Over the years VT1 transmissions were produced for Volvo, MG-Rover, BMW-Mini, Hyundai-Kia, Chery and Haima. In total 283.782 transmissions were sold, mainly to BMW for their first MINI.
