- UQM Technologies (NYSEMKT:UQM -1.4%) has announced the first significant purchase order from KESHI, a major Chinese manufacturer of commercial mining vehicles, for explosion-proof E-drive systems valued at $1.2M.
- While UQM signed a cooperation agreement with KESHI in 2015, KESHI's production launch was delayed due to market conditions, but has now made a major commitment to this new energy market application.