Brief: Sevcon says its Chinese JV enters into agreement worth $2.2 mln in first year

Sono NV

13/11/2014 24:31

Nov 12 (Reuters) - Sevcon Inc  SEV.O : 
 * Reports first success for its China joint venture 
 * Its Chinese jv, Sevcon new energy technology company, entered into an 
   agreement with a "large Chinese manufacturer" 
 * Says expects prototypes to be available in January 2015 and the start of 
   production in the fourth quarter of this fiscal year. 
 * Contract worth $2.2M in the first year 
 
* Source text for Eikon  ID:nGNXVCBRDa  
 
* Further company coverage  SEV.O  
 
 
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