Exro Innovations with Stellantis and Recognition in Awards
Exro Technologies Partners with Stellantis N.V.
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) is excited to announce its partnership with Stellantis N.V. as both companies commit to revolutionizing the automotive landscape. This collaboration centers on integrating Exro's pioneering Coil Driver technology into next-generation electric powertrains.
Advancing Electric Mobility
For over a year, Exro has been working closely with Stellantis to explore the innovative potential of its Coil Driver technology in passenger vehicles. The recent lifting of the Non-Disclosure Agreement (NDA) signifies a significant milestone in this collaboration, showcasing the teams' progress through various technical and performance milestones.
Insights from Exro's Leadership
Eric Hustedt, Exro's Chief Technology Officer, expressed enthusiasm for the collaboration, stating, "Stellantis motivated us to innovate our Coil Driver technology, emphasizing the need to disrupt current electric vehicle propulsion systems. Their insistence on exploring efficiency and cost reduction has been pivotal in accelerating EV adoption globally."
Recognition as a Supplier of Innovation
Exro Technologies is also proud to announce its recognition as a finalist in the prestigious Stellantis Global Automotive Supplier Awards. This ceremony acknowledged suppliers for their contributions to innovation that enhance the customer experience and market position of Stellantis vehicles.
Words of Recognition
Teresa Thiele, Stellantis' Senior Vice President of Global Purchasing Programs, praised Exro’s contributions, stating, "The innovation award highlights suppliers that create impactful features. Exro's advanced motor control technology has significantly enhanced our electrified designs, showcasing their commitment to accelerating electric vehicle adoption in the passenger market."
Celebrating Excellence in Collaboration
The Supplier Awards ceremony brought together over 200 suppliers and Stellantis executives, celebrating 68 finalists across 21 categories. This event underscored the importance of collaboration in achieving excellence within the automotive industry. Exro's recognition emphasizes its dedication to customer satisfaction and setting industry benchmarks.
About Stellantis N.V.
Stellantis N.V. (NYSE: STLA) is one of the world’s foremost automotive manufacturers, encompassing iconic brands such as Chrysler, Jeep, and Fiat. The company is driven by a commitment to sustainable mobility, combining innovation with a rich heritage to create value for stakeholders and communities.
About Exro Technologies Inc.
With its recent acquisition of SEA Electric, Exro Technologies is at the forefront of clean technology innovation. It provides a suite of advanced power control solutions, including the Exro Coil Driver, Exro Cell Driver, and SEA-Drive, enhancing the performance and efficiency of electric motors and batteries while advancing the shift towards a circular electrified economy.
Frequently Asked Questions
What is Exro Technologies known for?
Exro Technologies is renowned for its innovative solutions in electric motor control and propulsion technology aimed at enhancing the efficiency and performance of electric vehicles.
What are the benefits of the Coil Driver technology?
The Coil Driver technology can significantly improve the efficiency of electric propulsion systems while potentially reducing costs, making electric vehicles more accessible.
Who is Stellantis, and what brands are included?
Stellantis is a major global automotive manufacturer, comprising well-known brands like Abarth, Alfa Romeo, Chrysler, Jeep, and many others.
How has Exro been recognized in the industry?
Exro has been acknowledged as a finalist in the Stellantis Global Automotive Supplier Awards for its innovative contributions to electric vehicle technology.
What is the future outlook for Exro Technologies?
Exro Technologies is focused on further developing cleaner propulsion technologies and enhancing its product offerings to meet the evolving needs of the automotive market.
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