UQM announces entry into Taiwan bus market

Tuesday June 12, 2018 0 comments Tags: Longmont, UQM Technologies, Joseph Mitchell, UQM PowerPhase DT

LONGMONT -- UQM Technologies, Inc. (NYSE American: UQM) announced an order for a PowerPhase®DT system for the Chung Shing Group in Taiwan.

Chung Shing selected the UQM PowerPhase DT system for evaluation and trial for its electric bus offering.UQM_logoUSE_1

UQM said the PowerPhase DT system offers best in class power density and performance for full-size buses. In addition, the UQM drivetrain in the PowerPhase DT provides a greater speed and torque range than direct drive systems, allowing smaller electric motors to drive large vehicles.

The UQM electric drivetrain system also allows for improved packaging, greater efficiency, greater payload capacity and lower cost when compared with direct drive or single-speed drivetrain strategies, the company said.

As battery costs rapidly decrease, heavy-duty commercial and transit markets see the economic potential of electric drive vehicles compared to large diesel engines and multispeed transmissions.

Fuel savings of pure electric vehicles (>20 mpg equivalent) compared with traditional diesel (4 mpg) and hybrid systems (6 mpg) is enough to quickly recover the investment in an electric drive, UQM said.

“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,” said Joseph Mitchell, UQM CEO.

“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,” Mitchell said.

“The high efficient E-drive system and technical cooperation with UQM will improve the efficiency of the bus fleet and save energy as well as total cost of ownership,” said Jeffrey Lu, Chung Shing Group president and CEO.

“This is in line with the demands of Taiwan city bus ecological environment.”