Lightning eMotors, Inc. Stock Price, News & Analysis

Lightning eMotors (NYSE: ZEV) has partnered with General Motors to electrify medium-duty commercial trucks.

As the first GM Specialty Vehicle Manufacturer, Lightning will create electric versions of Class 3 to Class 6 trucks, suitable for applications such as delivery and shuttle services.

This collaboration aims to enhance the electric vehicle market by leveraging GM's existing platforms, allowing both companies to expand their offerings in the commercial vehicle sector.

Lightning eMotors (NYSE: ZEV) announced that Dr. Meghan Sharp has joined Decarbonization Partners, leading their venture capital investments in sustainable markets. This new role requires her to resign from Lightning's board of directors. Chairman Robert Fenwick-Smith expressed gratitude for Sharp's contributions over the past 12 years, noting her invaluable support in the company’s journey. While Sharp expressed disappointment in leaving the board, she remains confident in the company's leadership. Lightning is now evaluating potential board replacements.

Lightning eMotors (NYSE: ZEV) has been named the powertrain provider for Winnebago Industries’ all-electric motorhome concept, the e-RV, which was revealed at the Florida RV Super Show. This partnership highlights Lightning's commitment to developing sustainable vehicles tailored for day-trip users. The e-RV features a zero-emission powertrain system, designed to support the growing RV market. Lightning's investments in custom electrification solutions aim to position it as a leader among major OEMs, including partnerships with Forest River Bus and Collins Bus.

Lightning eMotors has promoted Brian Barron to Chief Manufacturing Officer to enhance production capabilities as the company scales its operations. With a strong background from Lucid Motors and BMW, Barron's expertise will aid in manufacturing efficiency and cost reduction. He will oversee vehicle assembly and procurement to meet growing demand for zero-emission commercial electric vehicles. The company continues to focus on automation and quality control to improve margins and production rates.

Lightning eMotors (NYSE: ZEV) announced a significant milestone with its customer fleets surpassing one million all-electric miles driven. This achievement reflects real-world, zero-emission vehicle use across various platforms in the US and Canada. The company has logged over 25,000 miles per month with its growing zero-emission fleet, accumulating over four million miles when including its previous low-emission powertrains. This milestone demonstrates the increasing adoption of electric vehicles in commercial applications.

Lightning eMotors (NYSE: ZEV) has introduced the Lightning eChassis, a new purpose-built rolling chassis for commercial electric vehicles. This launch marks Lightning eMotors as the first EV manufacturer to offer both electrification of existing OEM chassis and new vehicles. The eChassis supports an increased Gross Vehicle Weight Rating (GVWR) of 1,500 lbs, enhancing payload capabilities. Pre-production units are expected in Q2 2022, with key advantages in custom applications and supply chain control in a constrained market.

REV Group, Inc. (NYSE: REVG) has announced key agreements to advance alternative fuel-powered ambulances in the U.S. and internationally. Major contracts include sales to American Medical Response (AMR), Qatar's Hamad Medical Corporation (HMC), and a modification of the U.S. General Services Administration (GSA) contract for electric ambulances. AMR has purchased five electric ambulances, with an option for 25 more, while HMC is testing a zero-emission ambulance. These initiatives align with REV's commitment to lead in electric ambulance technology.

Lightning eMotors (NYSE: ZEV) has signed a two-year agreement to purchase 175 megawatt-hours (MWh) of battery products from CATL, a leader in new energy technology. The collaboration will enable Lightning to diversify its battery pack options, enhancing production capabilities for zero-emission commercial vehicles. The vehicle production using CATL batteries is set to commence in March 2022, providing additional flexibility to address a variety of customer needs. The partnership also includes exclusive safety switch systems designed for enhanced vehicle safety during emergencies.

Lightning eMotors (NYSE: ZEV) announces the appointment of Marci Fouts as its new Chief People Officer. Fouts brings over 25 years of human resources experience, having previously served in leadership roles at Advanced Energy and other companies. She will oversee talent management, employee engagement, and diversity initiatives. CEO Tim Reeser expressed confidence that Fouts will enhance the company's workforce culture as Lightning continues to grow in the all-electric commercial vehicle sector.