Return to list

Sevcon secures £32m Asia contract

Wednesday, December 10, 2014

NORTH-EAST based electric vehicle parts maker Sevcon has won a major new contract - which could be worth up to $50m (£32.2m) by 2020.

It comes as the Gateshead manufacturer posted strong annual results with revenues rising 18 per cent to $37.9m (£24.2m) and the company making profits of $1m (£640,000) compared to a loss in the previous year.

Sevcon told the NASDAQ it has signed a deal with a Tier-1 automotive supplier based in South East Asia to design, manufacture and supply an advanced motor controller for a new line of hybrid electric, four-door passenger vehicles.

To read the full story click here


Sevcon is a global company with sites all over the world. Partner with us to take electrification into the future.

View a full list of contacts and suppliers

Share this page

Contact Sevcon

Interested in choosing Sevcon as your electrification partner? Contact us today.

Prefer to speak to us directly?

Find contacts