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Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.WT | EXROF

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Comment by fleetwoodon Jul 02, 2024 1:22pm
138 Views
Post# 36114727

RE:RE:FORD INTERVIEW

RE:RE:FORD INTERVIEWAfter listening to the complete interview here some relevant observations. Ford had paused their EV initiatives because they realized that they needed to rethink every aspect of building a competitive EV. The future of EVs will be smaller vehicles, smaller lighter batteries, lighter wiring harnesses, more streamlining, all aimed at producing a $30,000 USD vehicle that can compete with Tesla, possible Chinese imports, and other OEMs. The efficiencies provided by a Coil Driver (which was not directly referenced) will become critically important if not essential. It's hard to imagine that EXRO would not be applied at Ford and Tesla  and other comaanies as well. The storage systems (like EXRO's CELL Driver) will be an essential part of an overall integrated solution that enables charging and power usage to be used/shared flexibly for multiple purposes in addition to EVs; e.g. replacing generators during grid outages, powering machines at construction and other jobsites. Difficult to imagine (at least for me) a scenario in which EXRO does not have a very profitable future, with increases in business volume for many, many years. As always, managing that growth and adjusting for changing demands will be challenging, but EXRO already has a lead in preparing for that. Cheers!
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