NetworkNewsBreaks – Exro Technologies Inc. (TSX.
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Posted On: 10/15/2020 4:01:02 PM
NetworkNewsBreaks – Exro Technologies Inc. (TSX.V: XRO) (OTCQB: EXROF), Partner Working to Modernize EV Vehicles
Exro Technologies (TSX.V: XRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, has partnered with a leading manufacturer of electromechanical drives to enhance electric commercial vehicles. Traktionssysteme Austria (“TSA”) plans to integrate its traction motor systems with Exro’s exclusive coil deriver technology to produce powertrain systems for the fast-growing segment of heavy-duty EV vehicles, including delivery vans, buses and trucks. Traktionssysteme Austria has 60 years of experience manufacturing traction motors and is a global leader in electromechanical drives. The partnership is designed to deliver a broader product range with increased performance. The potential for the partnership is promising; a recent report indicated that the global traction inverter market is projected to grow at a CAGR of 17.57% from $2.5 billion in 2018 to $7.7 billion by 2025. “Although this is not a commercial partnership, this is an important integration of TSA’s long-standing traction systems with our Coil Driver. It will help us to open up bigger markets and accelerate our impact in making commercial electric vehicles faster, smarter, and more powerful,” said Exro chief commercial officer Josh Sobil in the press release. “We are very excited to be working with a global leader like TSA and developing new technology together.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Exro Technologies (TSX.V: XRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, has partnered with a leading manufacturer of electromechanical drives to enhance electric commercial vehicles. Traktionssysteme Austria (“TSA”) plans to integrate its traction motor systems with Exro’s exclusive coil deriver technology to produce powertrain systems for the fast-growing segment of heavy-duty EV vehicles, including delivery vans, buses and trucks. Traktionssysteme Austria has 60 years of experience manufacturing traction motors and is a global leader in electromechanical drives. The partnership is designed to deliver a broader product range with increased performance. The potential for the partnership is promising; a recent report indicated that the global traction inverter market is projected to grow at a CAGR of 17.57% from $2.5 billion in 2018 to $7.7 billion by 2025. “Although this is not a commercial partnership, this is an important integration of TSA’s long-standing traction systems with our Coil Driver. It will help us to open up bigger markets and accelerate our impact in making commercial electric vehicles faster, smarter, and more powerful,” said Exro chief commercial officer Josh Sobil in the press release. “We are very excited to be working with a global leader like TSA and developing new technology together.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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