Sevcon Leads Consortium to Develop New Drivetrain Technology for Hybrid and Electric Vehicles

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Sevcon, Inc. (Nasdaq: SEV) today announced that it is leading a collaborative project to develop a next generation of electric drivetrain systems for hybrid and pure electric vehicles (EVs).Consisting of UK-based Cummins Generator Technologies and Newcastle University's Power Electronics and Drives Research Group along with Sevcon, the group has secured more than £500,000 in matched UK government funding to develop a highly innovative "no rare earth metals" electric drive system for EVs using advanced switched reluctance motor technology.

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