Chroma Ate to Benefit From the Electric Car Market

Test and Measurement instrument maker  Chroma Ate is  expected to see  orders from Tesla  Motors to generate  $46 million USD in 2010, revenues from the electric-car maker are estimated at $10.1 million USD in 2009. Tesla will account for 26% of Chroma Ate’s total revenues in 2010 accordingly, compared with around 10% in 2009 (est). Data from Frost & Sullivan shows the market for electric vehicles will climb to 1.69 million units in 2014, rising at a CAGR of 19.5% from 490,000 in 2008. Chroma Ate is to benefit from the growing popularity of electric vehicles amid environmental concerns and rising oil prices. Chroma Ate began producing and testing the electro-mechanical control units for Tesla’s roadster models, as well as supplying related testing equipment to Tesla in 2007.