Caterpillar AVID and receive 37 million euros to develop an electric excavator – Alex Lyon Mexico

Caterpillar AVID and receive 37 million euros to develop an electric excavator

A joint project between the British company AVID Technology, dedicated to the manufacture of components for electric vehicles, and giant Caterpillar machinery, He has secured a round of funding 36,9 millions of euros (33 million pounds) by the British Government. The objective of British administration ispromote the transition towards a model of low-emission industry carbon dioxide.

With this injection of liquidity, both companiesThey must develop a fully electric machine construction, with zero tailpipe emissions, and also provide a low-noise applications serve all types, including those in difficult terrain (or off-road). The electric drive unit must comply, in addition to environmental regulations, with thedemanding workloads required by the marketindustrial machinery.

According to the British Finance Minister, Andrew Stephenson, “This new investment will improve the leading position in the UK in developing the next generation of electric vehicles and autonomous”, ensuring their commitment to further develop these projects as a strategy for industry leadership in the design and manufacture of vehicles that will “develop the capacity of companies in the UK to manufacture low-emission technologies and provide highly skilled and well paid jobs nationwide”. Which is, at the same time, crucial toto increase exports of such technology to other countries.

This injection of public money is part of around of funding through the Center for Advanced Propulsion from which they have benefited in total 32 Business, and will serve to create 2.230 jobs. The beneficiaries also projects the European Technical Center Tata Motors include (owns Jaguar Land Rover, which has already announcedthe next Range Rover and Jaguar XJ Electric), Unipart Powertrain Applications y YASA.

Ian Constance, executive director of the Center for Advanced Propulsion, said that “support the development of the latest technology for vehicles with low carbon emissions iscrucial to ensure (…) the future of the automotive industry from United Kingdom”.

Caterpillar is currently one of the industry giants of industrial machinery and construction machinery, with a product line consisting of over 300 machines ranging from compact loaders to mining trucks, passing excavators, the motor grader Drilling. Its catalog includesCaterpillar 797F, one of the biggest world mining dumpers, which it is capable of carrying 363 tons and has a capacity exceeding 4,000 hp.

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