Eltek Valere awarded electric vehicle contract
Eltek Valere will deliver battery chargers to THINK City. The contract is the first result of Eltek Valere’s growth initiative for electric vehicle technologies, and shows new areas of application for the company’s core competencies
– Chargers for electric vehicles represent a new and exciting business area and we have high expectations, says Chief Marketing Officer Morten Schøyen in Eltek Valere. – We see a great deal of interest for our technology from both large car makers and smaller manufacturers of electric vehicles. In addition to the contract with THINK, we expect to gradually develop business with other customers within this segment, says Morten Schøyen.
Eltek Valere has traditionally delivered power supply systems to the telecommunication industry. This contract shows new areas of application for the company’s technology.
-We use our leading technology platform and the same logistics organization as we do for our chargers for telecommunication, says Morten Schøyen. -That means that we can produce compact, energy efficient and competitive chargers to electric cars.
The contract with THINK concerns THINK City, which is being produced at Valmet in Finland and now is ready for orders. Eltek Valere will also deliver chargers to their deliveries of complete drivetrains. Eltek Valere starts delivering the first chargers in February.
The market for electric vehicles is still in its early stages although many players expect strong growth in the coming year. The success criteria for electric vehicles are battery technology, charging infrastructure and the charging time.
– Eltek Valere’s electric vehicle charger is a lightweight and compact product that is easy to place in a car where space and weight matters a lot, says Morten Schøyen. – The charger also has a high power efficiency, which lower the power bill and reduces heat generation. Eltek Valere aims to capture a strong position in this market.
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