The company said that the market for electric vehicles is still in its early stages although many players expect strong growth in the coming year. The success criteria for electric vehicles are battery technology, charging infrastructure and the charging time.
Morten Schoyen, chief marketing officer of Eltek Valere, said: ”Chargers for electric vehicles represent a new and exciting business area and we have high expectations. We see a great deal of interest for our technology from both large car makers and smaller manufacturers of electric vehicles. In addition to the contract with Think we expect to gradually develop business with other customers within this segment.
”We use our leading technology platform and the same logistics organization as we do for our chargers for telecommunication. That means that we can produce compact, energy efficient and competitive chargers to electric cars.”
Mr Schoyen added: ”Eltek Valere’s electric vehicle charger is a lightweight and compact product that is easy to place in a car where space and weight matters a lot. The charger also has a high power efficiency, which lower the power bill and reduces heat generation. Eltek Valere aims to capture a strong position in this market.”
