Manufacturer of low-to-medium volume EVs, Watt Electric Vehicles has announced a series of leadership changes as it looks to increase its annual output to 5,000 units per year.
The strategic re-structure sees former CEO Paul Faithfull become Chairman, with company founder Neil Yates progressing from Chief Commercial Officer into the Chief Executive Officer role.
Meanwhile, Bob Mustard will continue in his role as group Chief Technology Officer.
Watt Electric Vehicles engineers and manufactures a range of low-volume commercial and passenger electric vehicles, both under its own brand and for third party manufacturers across two sites in the Midlands and Cornwall.
It also offers engineering, design, and development services to third-party OEMs, enabling them to realise the future EV products they require.
With a capacity of 5,000 units per annum, the company’s new manufacturing facility in the Midlands will be home to its light commercial EV range, with the first product to market being formally unveiled in early 2023.
This 3.5-tonne cab and chassis unit will support a wide range of body styles and offer the option of a bespoke body design for customers’ individual requirements.
Neil Yates (pictured), Founder and CEO of Watt Electric Vehicles, 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.”