Ricardo partners with FMC to engineer a new family of electric vehicles for global markets

UK engineering and environmental consultancy Ricardo has signed a strategic cooperation agreement with Future Mobility Corporation of China to provide engineering support in the development of a family of electric vehicles, aimed at customers in Asia, North America and Europe.
July 4, 2017 Read time: 1 min

UK engineering and environmental consultancy 5606 Ricardo has signed a strategic cooperation agreement with Future Mobility Corporation of China to provide engineering support in the development of a family of electric vehicles, aimed at customers in Asia, North America and Europe.

Formed in 2016, Future Mobility Corporation (FMC) aims to redefine the market for high quality, feature-rich electric vehicles, with ambitious plans to deliver its first products delivered to market by 2020, as part of a completely new product range which will embrace the latest electric vehicle technologies.

To help it fulfil its product development plans, FMC will work with Ricardo on an international basis, drawing upon the resources of its vehicle and electric/electronic systems engineering teams based at Ricardo technical centres throughout the UK, continental Europe and China.

For more information on companies in this article

Related Content

  • China may miss electric vehicles goals
    November 5, 2012
    A new report from Bloomberg New Energy Finance suggests that China may miss its ambitious goals concerning alternative energy and clean transportation. The country’s economy is growing quickly and along with this, citizens are finding it possible to afford vehicles of their own. The Chinese government is not inclined to allow reliance on fossil fuels to linger longer than necessary, however, and recently launched an ambitious plan that would promote the adoption of electric vehicles. In July 2012, the Chine
    Read More
  • Visedo and TECO partner on electric drivetrains for heavy motor industry
    May 12, 2017
    As part of its concerted efforts to further develop opportunities in Asia, Finnish manufacturer of electric drivetrains for heavy vehicles, Visedo, has signed a production and co-operation agreement with Asian electric motor producer TECO Electric & Machinery Company. Under the agreement Visedo will benefit from TECO’s significant production capacity and ability to service major tender projects worldwide and particularly in Asia. In turn, TECO will have access to Visedo’s unique expertise in developing sync
    Read More
  • Sirit to be acquired by Federal Signal
    February 1, 2012
    Leading provider of radio frequency identification (RFID) technology, Sirit, and Federal Signal Corporation have signed a definitive agreement whereby Federal Signal will acquire all of the issued and outstanding common shares of Sirit for cash consideration of CDN$0.30 per share (US$0.29) by way of a court approved plan of arrangement under the Business Corporations Act (Ontario).
    Read More
  • e-hailing expected to dominate ride hailing market by 2025
    July 26, 2017
    According to the latest research by MarketsandMarkets, the ride hailing market is projected to grow at a CAGR of 19.81 per cent from 2017, to reach a market size of US$276 billion by 2025. The market is primarily driven by rising urbanisation and declining car ownership. The report says e-hailing is expected to dominate the ride hailing market; it solves the problem of the first and last mile connectivity for passengers. It is predominant in urban areas because of declining trend of car ownership and increa
    Read More

Highlighted Content