Saietta shares soar as it inks deal for third EV product line with Indian OEM partner
–News Direct–
Saietta Group PLC, a leader in EV technology, announces a major partnership with one of India's largest OEMs in the light-duty mobility market. This collaboration could lead to the distribution of 60,000 EV drive chain units over five years, marking a significant step in the EV industry.
The video sheds light on Saietta's ambitious plans for mass production, expected to commence in 2023, marking a pivotal moment in the company's journey towards establishing itself as a leader in the EV sector. Viewers will gain valuable insights into Saietta's proprietary Radial Flux Technology, a groundbreaking innovation that propels the efficiency and performance of their EV drive chain units to unprecedented levels.
With the company's shares rising by 30% following the announcement, we explore what this means for the future of Saietta and the EV market in India. Tune in to learn more about Saietta's innovative Radial Flux Technology and their mission to have Saietta-powered lightweight electric vehicles on Indian roads by 2024.
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View source version on newsdirect.com: https://newsdirect.com/news/saietta-shares-soar-as-it-inks-deal-for-third-ev-product-line-with-indian-oem-partner-970261192
Saietta Group PLC
COMTEX_437350714/2655/2023-07-26T04:53:33