Azure Dynamics Corporation (TSX: AZD.TO) a developer of hybrid electric and electric powertrains for commercial vehicles announced that it has signed a supply agreement with Electro Autos Eficaces of Mexico to furnish 1,000 drive systems for integration into the Nissan Tsuru (Sentra) vehicles, which is commonly used in the municipal fleet of Mexico City.
The Tsurus' are being converted from gasoline-powered vehicles to electric vehicles as part of Mexico City Mayor Marcelo Ebrard's initiative to improve air quality and general health and quality of life in the city. Mayor Ebrard will drive the first converted vehicle to the International Electric Vehicle Forum on May 8, 2007 in Mexico City. The balance of the 1,000 vehicles will be converted over the following 18 months. Azure's scope of supply for the 1,000 drive systems includes the motor, controller, gearbox and DC-DC converters and is valued at more than CDN$7.0 million (US$6.1 million).
The potential for more sales is great as Mexico City operates a fleet of over 25,000 Tsurus.
The type or source of the batteries or the range of the vehicles was not given.