Saietta shares soar as it inks deal for third EV product line with Indian OEM partner
July 26, 2023 at 04:55 am EDT
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Saietta Group PLC, a leader in EV technology, announces a major partnership with one of India's largest OEMs in the light-duty mobility market. This collaboration could lead to the distribution of 60,000 EV drive chain units over five years, marking a significant step in the EV industry.
The video sheds light on Saietta's ambitious plans for mass production, expected to commence in 2023, marking a pivotal moment in the company's journey towards establishing itself as a leader in the EV sector. Viewers will gain valuable insights into Saietta's proprietary Radial Flux Technology, a groundbreaking innovation that propels the efficiency and performance of their EV drive chain units to unprecedented levels.
With the company's shares rising by 30% following the announcement, we explore what this means for the future of Saietta and the EV market in India. Tune in to learn more about Saietta's innovative Radial Flux Technology and their mission to have Saietta-powered lightweight electric vehicles on Indian roads by 2024.
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Saietta Group Plc is a United Kingdom-based company, which is engaged in the multi-national business that designs, engineers and manufactures complete electric drivetrain (eDrive) systems for electric vehicles. The Company's technologies include Axial Flux Technology (AFT) and Radial Flux Technology (RFT) motors, power electronics, powertrain controls, mechanical axles, transmissions and vehicle control units. The Company's solutions can be tailored to a specific application. Its products have applications in Light Duty eDrives (two wheels), Light Duty eDrives (three and four wheel), Heavy Duty eDrives and Marine. Its products include eMotor, Integrated Motor and Inverter, eDrive Radial Flux, eDrive Axial Flux, eAxle, and Vehicle Control Unit (VCU). It is developing a RFT motor to complement its Axial Flux products and offer a wider power, torque and product range to customers. Its Light Duty eDrives (two wheels) products include RFT85-65 48V, AFT140i 48V and AFT140i 96V.
SAIETTA GROUP PLC 
