UQM Technologies, Inc. (NYSE Amex: UQM) has begun volume production of its PowerPhase Pro® electric motors and controllers. The Company’s high-volume production line has a capacity of 40,000 units on two shifts.

“The launch of volume production of our electric motors and controllers marks a new milestone in the history of UQM Technologies and is a significant step in the broad commercialization of our electric propulsion systems,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “Moving into the high-volume production phase for our state-of-the-art high efficiency electric propulsion systems is a boost to our company in many ways, including generating a substantial increase in our revenue and by validating that our company can deliver volume product with the performance and durability that automakers expect.” Continue reading →