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Gateshead firm Sevcon secures performance car deal as Italian job delivers growth

Wednesday, May 18, 2016

A company behind electric vehicle parts has hailed its momentum after sealing a £28m supercar deal.

Sevcon is developing a controller to electrify drive systems in high-performance machines.

Bosses told The Northern Echo the agreement with the car maker, referred to as a "household name", will provide vehicles with greater power and reliability and improve emissions.

Matt Boyle, chief executive at Gateshead-based Sevcon, known for supplying controllers for the Renault Twizy electric city car, said its prowess is piquing the interest of renowned manufacturers.

Pointing to a previous deal with a German operation to deliver mechanisms for starter generators, he said Sevcon, which saw turnover rise more than 10 percent to $22.3m (£15m) in its half year, is enhancing the UK's position as an electric vehicle hub.

He said: "Momentum is building and we are a worldwide leader in what we do.

"This contract is one of several similar design wins, which give us confidence for significant sales growth in the future.

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Source: The Northern Echo

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