# Husco awarded $50M per year contract with global automaker for EV efficiency system

Husco announced a multi-year contract worth $50 million per year to develop and produce a proprietary system that improves electric vehicle efficiency and extends battery range. The company plans to invest $10 million in capital equipment and create 30 new jobs, with full volume expected by 2025.

- Type: Contract
- Announced: 2022-07-05
- Where: Waukesha, Wisconsin, United States
- Value: $50.0M
- Jobs: 30
- Status: announced
- Products: electric vehicle efficiency system, selective motor engagement system
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Husco](https://endata.com/companies/63965.md) (supplier)

## Sources

- [husco.com](https://husco.com/husco-news/50-million-multi-year-contract/), 2022-07-05: "This is Husco's largest new program focused exclusively on battery electric vehicles, demonstrating our ability to work with our customers to make cars cleaner and more efficient across all types of powertrain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.