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ITL Efficiency

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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