- Lightning eMotors Inc (NYSE:ZEV) has agreed with General Motors Co (NYSE:GM) to be the first GM Specialty Vehicle Manufacturer (SVM) to provide fully electric Class 3 through Class 6 commercial vehicles. Deal terms not disclosed.
- Lightning eMotors will electrify popular medium-duty truck platforms provided by GM, which can be used for several vehicle applications.
- Lightning eMotors has developed a flexible manufacturing approach that provides scalable, and cost-effective electrification for medium-duty specialty vehicles resulting in large operating cost savings, better performance, and zero tailpipe emissions.
- Lightning eMotors will electrify GM platforms at its manufacturing campus in Loveland, Colorado, and the completed chassis will be shipped to commercial vehicle manufacturers.
- Price Action: ZEV shares are trading higher by 4.37% at $4.54, and GM lower by 1.79% at $52.54 during the premarket session on Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Lightning eMotors, General Motors Collaborate To Electrify Medium Duty Trucks
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks