Welcome to our dedicated page for Exro Technologis news (Ticker: EXROF), a resource for investors and traders seeking the latest updates and insights on Exro Technologis stock.
Exro Technologies Inc. (EXROF) is a leader in advanced power electronics for sustainable energy solutions, driving innovation in e-mobility and grid-scale storage. This page aggregates all official corporate announcements, strategic developments, and market-moving updates directly from Exro and verified sources.
Investors and industry observers will find essential resources including product launch details, partnership announcements, and financial performance reports. Track Exro's progress in commercializing its patented motor control systems and battery management technologies through critical updates like the SEA Electric integration and Cellex Energy's storage solutions.
Our curated news feed covers key areas: technology certifications (including UL-recognized systems), OEM collaborations, manufacturing milestones, and market expansion initiatives. Stay informed about developments impacting electric propulsion efficiency and energy storage safety standards.
Bookmark this page for real-time updates on Exro's role in shaping cleaner energy infrastructure. Check regularly for insights into how their intelligent power electronics are transforming commercial transportation and stationary storage markets worldwide.
Exro Technologies has announced a strategic partnership with Wolong Electric Group, enhancing its market presence in the e-mobility sector. This partnership aims to utilize Exro's innovative Coil Driver™ technology alongside Wolong's motor manufacturing expertise to create next-generation electric vehicle powertrains, targeting key customers like Mercedes-Benz and Geely Automotive.
The agreement consists of two phases: initial system development involving testing of Wolong’s motors and a commercial phase focusing on marketing and sales strategies for the motor-inverter solutions. Wolong is a top global motor manufacturer with over 10% market share in electric vehicle motors, and the collaboration is expected to drive significant advancements in the performance and efficiency of electric vehicles.
Exro Technologies has announced that Mark Godsy will step down as Executive Chairman effective March 31, 2023. Rod Copes, a current Board Director, has been appointed as Interim Chairman. This leadership transition aligns with Exro’s plans to advance into series production by Q3 2023 and prepare for a potential Nasdaq listing. Copes brings extensive experience from automotive manufacturing, crucial for Exro's growth. Godsy expressed gratitude for his time with Exro and confidence in the company's future under new leadership. This move is seen as a strategic step to enhance operational capabilities as Exro prepares to launch its Coil Driver™ and Cell Driver™ technologies.
FAQ
What is the current stock price of Exro Technologis (EXROF)?
What is the market cap of Exro Technologis (EXROF)?
