Sevcon, Inc. (NASDAQ: SEV), a global manufacturer of microprocessor based controls for electric and hybrid vehicles, and Flextronics Automotive, a business of Flextronics (NASDAQ: FLEX), a leading global Electronics Manufacturing Services (EMS) provider, have entered into a cooperation agreement to provide hybrid and electric vehicle drivetrain systems to automotive OEM customers in Germany and other central European countries. Flextronics Automotive provides fully integrated lighting solutions, connectivity modules and power electronic applications for automotive manufacturers around the world.
The agreement enables the companies to combine Sevcon’s state-of-the art motor controllers and onboard systems integration products with Flextronics Automotive’s high-voltage DC/DC converter, charger and battery management technology in developing complete drivetrain solutions for hybrid and pure electric vehicles ranging in size from two-wheeled scooters to passenger cars and trucks. The companies also have agreed to jointly pursue product marketing and sales outreach to automotive OEM customers, with Sevcon designated as Tier 1 supplier and Flextronics Automotive as manufacturer for all combined product sales.