Concentric AB wins a contract to supply the electro hydraulic steering system (EHS) to a company in North America for electrified trucks.
Concentric AB announces another important nomination with a North American OEM-supplier for its EHS system used on a new range of medium-duty battery electric trucks. This OEM is only developing medium and heavy-duty electric trucks used in the last mile and return to base segments. Production will start in 2021 supplying e-pumps for their medium-duty trucks and sales revenues from this new contract are estimated to be worth MSEK 185 over the next five years. As local city regulations drive increased demand for electric commercial vehicles, these EHS customer nominations become