SEA Electric Signs MoU with MEVCO to Electrify 8,500 Hilux and Landcruiser Models
SEA Electric to electrify the world's commercial vehicle fleet, by signing a significant Memorandum of Understanding with MEVCO.
January 18, 2023. By News Bureau
The partnership will see specialist all-electric Hilux and Landcruiser models made available for the mining industry, with MEVCO making a commitment to order 8,500 units over the next five years.
The deal has a total value of close to AU$1 billion.
At the time of the launch, over half of the 2023 allocation of the Australian-developed battery-electric vehicles have been pre-sold, with demonstration models available in Melbourne, Brisbane and Perth.
At the heart of the arrangement is SEA Electric's proprietary SEA-Drive® power-system, which provides leading all-electric range, driving performance, and environmental credentials, with zero local emissions of carbon dioxide, methane, or nitrous oxide.
"This is a pivotal partnership for the mining industry," said Matt Cahir, MEVCO CEO. "It enables the world's leading EV technology for heavy and light commercial trucks to be commercialized on a scale that makes sense for the bespoke needs of the mining sector. SEA Electric's unique architecture is perfectly suited for the task, with the system's high-torque characteristics ideally fit for purpose."
"Across all industries, companies now understand they have a role to play in ensuring they are a part of the solution to the environmental problems we face," said Tony Fairweather, SEA Electric Founder & CEO. "With the SEA-Drive® power-system, we have developed technology that is perfectly adaptable to a wide range of commercial vehicle tasks that have typically been the domain of diesel-powered engines. Through MEVCO, the mining industry will now be able to access cutting-edge technology, which delivers top performance and total cost of ownership prospects, all with sustainability at the forefront."
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