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Avid Technology strikes £50m electric vehicle deals as global export orders soar


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A Northumberland firm which is forging ahead in the growing electric vehicle industry has secured deals worth more than £50m for its clean tech motors.

Cramlington clean tech firm Avid Technology, designs and makes systems for the electric and hybrid vehicle industry, and the last year has seen it plough significant investment into its facilities, as it prepared to ramp up production.

As well as being at the forefront of the electric vehicle sector, Avid is also looking to diversify into robotics and new power generation industries, and recent years has seen the firm join projects to boost the green credentials of the global shipping industry and the UK’s haulage sector.

Now, following investment of more than £4m, the company has started shipping its EVO Electric Motors, on the back of an agreement secured with GKN Hybrid Power last year.

Avid took over the design, manufacture and distribution of the EVO electric vehicle drive motors from GKN Hybrid Power last year and all production has completely transferred from Oxfordshire to the Avid plant in Cramlington, Northumberland.

Since the start of the year, Avid has seen a sharp increase in demand for the EVO, securing over £50m in new business for the motors alone, with exports to Germany, Poland, Spain, US and Asia already in the pipeline for 2018.



View the full article at The Chronicle


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