Blacboxstocks acquisition target Evtec receives contract from Jaguar Land Rover

Blackboxstocks announced that its planned acquisition target Evtec Aluminium Limited, has been awarded a long term supply contract from JLR, previously Jaguar Land Rover, to supply parts for a new line of Jaguar electric vehicles. As a world class manufacturer of lightweight aluminum parts for the EV, luxury and performance automotive market, Evtec has been designated as the new single-source supplier for key components in the EV power train of the new line of electric vehicles being introduced by Jaguar in 2025. The contract is expected to provide over $67 million in new sales to Evtec over the contract period, excluding aftermarket and model life extensions. Jaguar’s new line of luxury vehicles are to include a 4-door GT model and a luxury sedan that are both expected to have a range of over 435 miles and capable of fast charging 200 miles in approximately 15 minutes.