Coventry-based electric van maker Modec will form a joint venture with US firm Navistar to build electric trucks for North and South American markets.
Modec is the first company in the world to design and build an electric vehicle from the ground up rather than bolting an electric powertrain onto an existing vehicle.
Earlier this year Modec received a £4m government loan from Advantage West Midlands to support its business plan.
Business Minister Pat McFadden said:
“Companies like Modec are key to the Government’s vision for low carbon manufacturing and helping the UK automotive industry manage the transition from conventional to electric drive technologies. It’s essential that UK companies are at the forefront of these technologies today in order to secure the jobs of tomorrow. Coventry-based UK company designing and building electric commercial vehicles
Press notice
Read the BIS press notice here
Links
Modec: Coventry-based UK company designing and building electric commercial vehicles
Navistar: US-based truck manufacturer
Advantage West Midlands: Regional development agency (RDA) for the West Midlands, sponsored by BIS
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