The UK government-backed Technology Strategy Board today announced that it is providing £10 million funding for ten innovative research programmes that will lead to the development of cutting-edge ultra efficient electrical systems for electric and hybrid vehicles. Of the seven programmes for which details were announced in the Technology Strategy Board’s press release, Ricardo will lead two and participate in a further two.
Commenting on today’s announcement by the Technology Strategy Board, Ricardo CEO, Dave Shemmans, said:
“I believe that it is crucial that the global automotive industry increases its level of investment in low carbon technologies despite the challenging economic environment it currently faces. Ricardo is proud to be engaged actively with leading industrial partners and with the support of the UK Government’s Technology Strategy Board, to develop next-generation low carbon technologies that will help enable a truly sustainable low carbon future for transportation. Our success in securing our involvement in four of the seven projects listed in today’s announcement demonstrates just a part of our commitment in this area.”
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The Technology Strategy Board press release can be downloaded in full from the documents download link to the right of this page.