UQM Technologies Inc. announces that Sinotruk (Hong Kong) Limited (Sinotruk) has made an initial purchase of UQM PowerPhase DT systems for implementation and evaluation in their commercial vehicles. This is the first step towards the long term strategy of utilizing UQM electric drive products across Sinotruk’s portfolio of commercial vehicles. Sinotruk is a leading heavy-duty commercial vehicle manufacturer in China and one of the largest commercial vehicle groups in the world, and this order signals the beginning of the commercial partnership with UQM.
UQM and Sinotruk plan to form a joint venture for the manufacture and sales of electric propulsion systems in China. The parties expect Sinotruk to be a significant purchaser of electric propulsion systems from the JV for Sinotruk’s commercial vehicles and other customers will be identified for sales as well.
“After finding the right strategic partner in Sinotruk to enter the China market and expand globally, this is the first step in our business relationship. This initial order signals the beginning of UQM’s now increased access to the largest electric vehicle market in the world, leading to a much stronger competitive position for propulsion systems in the global electric vehicle market,” says Joe Mitchell, President and CEO of UQM.
