Wellington Drive’s journey from manufacturing to tech

Wellington Drive’s journey from manufacturing to tech
Efficient electric motors are just one part of the business.
Paul McBeth
It’s easy to wonder why the perennial strugglers on the NZX persist in sticking it out.One such firm was Wellington Drive Technologies, which for years was awash with red ink and forever promising change was just around the corner.It’s probably time to shed that misapprehension because, even with the share price trading at just nine cents apiece, Wellington Drive seems to be delivering on its promises.That’s in part because things were so much worse a decade ago.Back then, the nicest thing you could write about Wellington Driv...

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