UQM on road to electrifying transportation

UQM Technologies Inc. has been working to segue from boutique electric-vehicle research lab and supplier to a major player during the past few years. It made one of its most significant leaps in that direction in October.

On Oct. 2, the Longmont-based maker of electric motors and related products announced it had signed a memorandum of understanding with a major Chinese company to produce electric propulsion systems for what are known as New Energy Vehicles.

Some potentially huge numbers are involved:

“The China State Council published its New Energy Vehicles plan in July, setting a goal of 500,000 energy-efficient and clean vehicles on…