Concentric provides strategic update on electrification
A growing market for e-products on both on- and off-highway vehicles will present new opportunities for Concentric. Concentric’s e-products will also be relevant in new markets such as energy storage solutions where e-water pumps are necessary to ensure temperature control of batteries. These opportunities are additive to Concentric’s existing products for internal combustion engines and we expect sales of e-products could amount to as much as 20% of Group sales by 2025.The decreasing cost of lithium packs and stricter emission legislation are the main drivers of low-emission powertrains,