Lightning Systems, UQM Technologies collaborate on EV production

LONGMONT — Loveland-based Lightning Systems will use supply powertrain components manufactured by Longmont-based UQM Technologies Inc. in its offerings of electric vehicles.

Financial terms of the deal were not disclosed.

UQM Technologies (NYSE: UQM) will supply components to Lightning Systems to support its vehicles as part of the Advanced Fuel Qualified Vehicle Modifier program by Ford Motor Co.

UQM will supply components consisting of a gearbox, an electric motor and the inverter as well as software controls for electric performance and efficiency. The deal also will provide UQM development funding.

“We are pleased to…