Technology  June 14, 2018

UQM enters bus market in Taiwan

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LONGMONT — UQM Technologies Inc. (NYSE American: UQM), which manufactures motors for electric vehicles, has entered the Taiwan bus market.

The company received an order for its PowerPhase DT system from the Chung Thing Group, which will evaluate the system. UQM says the system, used for full-size buses, allows for greater speed and torque range than other systems, allowing smaller motors to power large vehicles.

“Working with a world class company such as the Chung Shing Group and our entry into the Taiwan market is another significant step in the global expansion and growth of UQM,” UQM CEO Joseph Mitchell said in a prepared statement. “We continue to bring on world class customers into the UQM portfolio and this is a testament to the quality of our products and our excellent team representing us around the world. We definitely look forward to supporting the Chung Shing Group and their expansion into the EV market.”

UQM announced in March that it was entering India’s electric-vehicle market.

LONGMONT — UQM Technologies Inc. (NYSE American: UQM), which manufactures motors for electric vehicles, has entered the Taiwan bus market.

The company received an order for its PowerPhase DT system from the Chung Thing Group, which will evaluate the system. UQM says the system, used for full-size buses, allows for greater speed and torque range than other systems, allowing smaller motors to power large vehicles.

“Working with a world class company such as the Chung Shing Group and our entry into the Taiwan market is another significant step in the global expansion and growth of UQM,” UQM CEO Joseph Mitchell said in…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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