Oct 5, 2018

Avid contracted to manufacture e-motors valued at 34 million pounds

avid-technology-electric-motor-drive-elektromotor

The British supplier Avid Technology has received six orders valued at a total of 50 million pounds (56 million euros) annually, including a 34 million pound contract to develop an integrated electric motor system for an unnamed OEM.

Furthermore, Avid has signed a five-year agreement for 5 million pounds to deliver 48 Volt motor components with a luxury sportscar manufacturer. “We have been developing powertrain technology for electric and hybrid vehicles for over 12 years and are now seeing the market take off in a huge way,” said AVID director Ryan Maughan.

Only recently, the company hired a new business development manager, who is heading to the office in the US American state of Michigan. A core goal for Avid Technology is to improve their standing on the North American market.

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Found on electrive.com
https://www.electrive.com/2018/10/05/avid-contracted-to-manufacture-e-motors-valued-at-34-million-pounds/
05.10.2018 16:49