UQM Technologies in 10-year electric propulsion systems agreement with ITL in China; 3K units ordered; potential for >$400M in revenue

Green Car Congress
By mmillikinOct 27, 2015, 3:51 am164 pts
UQM Technologies Inc. has signed a 10-year supply agreement with ITL Efficiency Corporation in China, a subsidiary of Eastlake New Energy, to provide electric propulsion systems for three market segments: 6-8 meter shuttle buses; light- to medium-duty delivery trucks; and 10-12 meter transit buses. Over the…

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