Motor maker UQM Technologies and Chinese truck builder Sinotruk recently announced a stock purchase and joint venture agreement under which the companies will join forces to manufacture and sell electric propulsion systems in China.
Now Sinotruk has made an initial purchase of UQM’s PowerPhase DT systems for implementation and evaluation in its commercial vehicles. This is the first step towards the long-term strategy of using UQM’s electric drive products across Sinotruk’s portfolio of commercial vehicles.
“After finding the right strategic partner in Sinotruk to enter the China market and expand globally, this is the first step in our business relationship,” said Joe Mitchell, CEO of UQM. “This initial order signals the beginning of UQM’s now increased access to the largest electric vehicle market in the world.”
Source: UQM Technologies