UQM Technologies, Inc., a Longmont-based electric vehicle motor maker, has signed a lease agreement in Shanghai, China, to open a customer service center for both its fuel cell compressor systems and propulsions systems, according to a company news release.
UQM has seen growth in its fuel cell compressor systems, particularly in China, where the fuel cell market is expanding quickly, the release said.
“We are very pleased to see the expansion of our fuel cell compressor business, and the opening of a service center in China is the next step in solidifying our position as a leader in this market,” UQM CEO Joseph Mitchell said in a statement. “With our proven technology, and now our local presence established in China, we are continuing to execute on our strategy for global growth.”
With the establishment of a physical location in Shanghai, UQM will now begin the process of creating a wholly-foreign-owned-entity in China, the release said.
“In alignment with management’s overall long-term strategy, the entity will support UQM’s other main undertakings in China, including the joint venture with China National Heavy Duty Truck Co., Ltd., and sourcing and purchasing key components.”
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