Eltek Valere Awarded Electric Vehicle Contract

January 21, 2010 by Jeff Shepard

Eltek Valere announced that it will deliver battery chargers to THINK for its THINK City electric vehicle. The contract is said to be the first result of Eltek Valere’s growth initiative for electric vehicle technologies, and shows new areas of application for the company’s core competencies.

"Chargers for electric vehicles represent a new and exciting business area and we have high expectations," said Eltek Valere’s Chief Marketing Officer Morten Schøyen. "We see a great deal of interest for our technology from both large car makers and smaller manufacturers of electric vehicles. In addition to the contract with THINK we expect to gradually develop business with other customers within this segment."

Eltek Valere has traditionally delivered power supply systems to the telecommunication industry. This contract shows new areas of application for the company’s technology.

"We use our leading technology platform and the same logistics organization as we do for our chargers for telecommunication," Schøyen said. "That means that we can produce compact, energy efficient and competitive chargers to electric cars."

The contract with THINK concerns THINK City, an electric car that is being produced in Valmet, Finland, and now is ready for orders. Eltek Valere will also deliver chargers to their deliveries of complete drivetrains. Eltek Valere starts delivering the first chargers in February.

"Eltek Valere’s electric vehicle charger is a lightweight and compact product that is easy to place in a car where space and weight matters a lot," Schøyen said. "The charger also has a high power efficiency, which lower the power bill and reduces heat generation. Eltek Valere aims to capture a strong position in this market."