UK-headquartered electrification firm will develop an inverter for use in EV drivetrain
Electrification services firm Sevcon has been contracted by an undisclosed Sino/European manufacturer of EVs for an on-road development & production program.
UK-headquartered Sevcon had been working with the customer throughout 2016 to help optimize the drivetrain for the project. It will now develop an inverter based on its existing Gen5 technology, with production expected to be in the fall of 2018.
According to the firm, over the initial three-year production period, revenues are likely to total in the range of US$150 to US$200 million. The agreement contains two near-term milestones, including the initial product sample and proof-of-concept in the current second quarter of fiscal 2017, and performance testing in the customer’s vehicle in the fourth quarter of fiscal 2017.
“This new long-term program is further confirmation of both the success of our strategy and the strong reputation that Sevcon has developed with on-road automotive manufacturers,” said Sevcon President and CEO Matt Boyle. “We have been investing aggressively in engineering talent, and that strategy is resulting in a continuously growing on-road project pipeline. We look forward to reporting further progress as we add to our pipeline and move our six major development projects toward production.”
The company has made headway in the automotive industry as a global supplier of control and power solutions for zero-emission, electric and hybrid vehicles. Its products control on- and off-road vehicle speed and movement, integrate specialized functions, optimise energy consumption and help reduce air pollution.
Sevcon’s Bassi Division also produces battery chargers for EVs as well as power management and uninterrupted power source systems for industrial, medical and telecom applications.