2 minute read - 10th August 2022
EV Technology Group to establish base at Silverstone
EV Technology Group has entered into an agreement with Silverstone Park to secure a 90,000 sq ft industrial lease at the historic motoring site. The new facility, which is set to become the Group’s new EV Centre of Excellence, has been constructed by property investment and development business MEPC, and is a part of MEPC’s latest 265,000 sq ft development at Silverstone Park.
This announcement follows EV Technology Group’s proposed acquisition of tier one contract manufacturer Fablink, which operates seven manufacturing and assembly sites with over 750 employees. Fablink Group also encompasses Streamline Automotive, which services the increasing demand in the UK for contract vehicle assembly services, especially in the electric vehicle sector. It is already the manufacturing partner of MOKE International, a company that recently agreed to join EV Technology Group’s house of brands, and recently launched the electric MOKE.
The new Silverstone facility will allow EV Technology Group and its subsidiaries to rapidly expand electric vehicle manufacturing and assembly capacity, supporting its vision of electrifying iconic brands.
EV Technology Group is to establish an ‘EV Centre of Excellence’ at Silverstone Park to rapidly expand manufacturing and assembly capacity / Picture: EV Technology Group
As EV Technology Group looks to expand its house of brands, it says this state-of-the-art facility will be home to the company’s electric vehicle engineering and development hub, whilst also providing world class facilities for Streamline Automotive for vehicle assembly and finishing.
Beyond Silverstone’s rich history, the site presents an opportunity to take advantage of the large, skilled local labour pool within commuting distance of the site. Silverstone Park is seeing the development of many electric vehicle and technology related businesses, increasing talent density and corporate linkages in the area. For example, the Silverstone Technology Cluster has been formed to support engineering, electronics and software companies in the region as they grow.
Wouter Witvoet, CEO and founder of EV Technology Group, said: “Silverstone has been the home to many iconic motoring stories – and our future electrifying iconic brands here will be part of its next chapter. The site’s location puts us in the heart of the booming UK EV industry, and will allow us to scale manufacture and assembly of electric brands such as the iconic MOKE.”