15th Jun 2022 14:52
Saietta Group PLC - Bicester, England-based engineering company specialising in electric vehicles - Continues to make progress towards scaling-up production of axial flux technology motors and other productions following the addition of an electric motor manufacturing facility in Sunderland. Says it will prioritise mass production of the AFT140 over other products in the axial flux technology portfolio moving forward. Expects this to enhance its long term revenue and margin prospects.
Current stock price: 153.67 pence, up 9.8% in London
12-month change: 22%
By Heather Rydings; [email protected]
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