Saietta mass production of eDrive systems to begin later in 2023

Saietta Group PLC on Tuesday said the supply chain for its Drive system is now ready, as technical collaboration agreements for key components, including the gear box and power electronics, are also in place with major companies in the Indian market.

The Bicester, England-based engineering company specialising in electric vehicles said it is confident that mass production in India will begin later this year, in line with its plan, with a target of producing 80,000 eDrive systems over a five-year period.

The company said it has received around £986,000 in engineering design services purchase orders from Consolidated Metco Inc so far this year, with up to £3.2 million receivable in financial 2024.

Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications. Propel is part of the Saietta Group, and develops electric marine propulsion solutions from its Amsterdam office based on Saietta technology such as its Axial Flux Technology motors.

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