Watt Electric Vehicles gears up for growth
- Posted by: Alan Feldberg
- Category: News
Watt Electric Vehicles has announced a number of significant leadership changes.
The company is a UK leader in the design, engineering, and manufacture of low-to-medium volume EVs, both under its own brand and for third parties.
As part of the restructure, former CEO Paul Faithfull becomes chairman while company founder Neil Yates steps up from chief commercial officer to chief executive officer.
The new roles reflect the change of business activity emphasis as the company transitions into a managed phase of growth which will ramp up annual output to 5,000 units per annum.
Yates said: “I am delighted to take over as CEO in this exciting stage of our company’s development. Combining our in-house intellectual property with strategic external Tier 1 supplier partnerships creates a unique proposition within our target markets. Our leadership team and board structure means we are superbly placed to meet the demand from our customers, taking the business forward into 2023 and beyond.”