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14 Feb 2017

UQM AND MERITOR TO DEVELOP NEW ELECTRIC AXLE SYSTEMS

Motor manufacturer UQM Technologies (NYSE MKT: UQM) and Michigan-based axle manufacturer Meritor have signed a 30-month development agreement for E-axle technology.

Meritor will develop integrated axle components, which will be combined with UQM’s motor and inverter technology and hardware to create a new product called the Meritor and UQM Electric Axle System for the medium- and heavy-duty commercial vehicle markets. The companies expect prototypes to be ready by early fall of 2017.