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Eastlake New Energy

UQM Wraps First China ITL Shipments

February 2, 2016 in Companies, Electric Drive, milestones by Rich Piellisch  |  No Comments

Colorado Company Sees Huge Potential with Eastlake New Energy

UQM Technologies says it’s fulfilled its initial order for PowerPhase Pro 135 electric drives to China, where it is supplying Eastlake New Energy, which owns several Chinese OEMs including Yangste Bus, via Eastlake’s ITL Efficiency Corp subsidiary.
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UQM Reports $400m Deal with China’s ITL

October 27, 2015 in Companies, Electric Drive, EVs by Rich Piellisch  |  No Comments

Signs Ten Year Supply Agreement with ITL/Eastlake Energy
For ‘Revenue in Excess of $400 Million Over a Ten-Year Period,’
Is Said to Be a ‘Game Changer’ for the Veteran EV Drive Supplier

UQM Technologies said Monday that the first purchase order have been issued for PowerPhase electric propulsion systems for ITL Efficiency in China. Based on projected volume shipments, the relationship could mean “revenue in excess of $400 million over a ten-year period,” UQM said.
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