These electric propulsion systems will be used to build test fleets for the evaluation of new vehicles that are under development prior to their market launch.
The company plans to begin the delivery of the electric propulsion systems in the fourth calendar quarter of 2010 and the first calendar quarter of 2011.
William Rankin, president and CEO of UQM Technologies, said: “We consider our selection by this international automobile manufacturer to be a significant development and further confirmation of our position as a leading supplier of electric propulsion systems to this emerging market.
“We have been in discussion with and under evaluation by this new customer for over six months and have satisfied their demanding requirements for system performance, safety, quality, availability and price. Introduction of this vehicle is targeted for 2012 and we have quoted delivery and price for over 25,000 systems.”
