Sevcon

Southborough-based Sevcon Inc., which makes microprocessor-based controls for electric and hybrid vehicles, attributed higher revenue and income in the second quarter to increased shipments across the majority of the company's markets.

British electronic and hybrid vehicle parts maker Sevcon Inc., which has operations in Southborough, on Wednesday announced a joint venture with Chinese automotive supplier Risenbo Technology Co. to market and sell existing and future Sevcon products to automotive suppliers in China.

Southborough-based Sevcon Inc. has increased the size of its board of directors from nine to 12 members in response to a stockholder proposal.

Sevcon of Southborough reported a 10.6-percent increase in revenue for its fourth fiscal quarter, but ended its fiscal year in the red, reporting a net loss of nearly $1.1 million, citing fluctuating demand in most markets for its microprocessor-based controls for electric and hybrid vehicles.

Southborough-based Sevcon, which designs and manufactures microprocessor-based controls for zero emission electric and hybrid vehicles, said its third-quarter financial results met the company's expectations, with revenue coming in at $8.7 million.

Southborough-based Sevcon Inc., which makes drivetrain controls for electric and hybrid vehicles, saw its sales fall 22 percent in its first fiscal quarter, helping drive a loss of $1.3 million.

Though revenue decreased in the fourth quarter of fiscal 2012 for Southborough-based Sevcon Inc., annual revenue is on the rise.