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Bullboard - Stock Discussion Forum 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... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc. > Rheinmetall
View:
Post by Wriggles on Apr 15, 2023 2:56pm

Rheinmetall

https://rheinmetall-defence.com/en/rheinmetall_defence/systems_and_products/index.php
 
EXRO's new strategic partner is described as a Tier 1 motor supplier for buses, trucks and off-road vehicles, with emphasis on the former.  I have trouble seeing how Rheinmetall fits this bill.  Maybe I am missing something.
 
Rheinmetall is primarily a defence OEM.  Its list of products are included in the link.  Mostly weapons, tactical vehicles and C4 systems. It has very little to do with commercial e-vehicles.  And nothing mentioned about buses that I could find.
 
It does have two traction motors in its inventory.  By the description in the product specs, these have only recently achieved validation and are unlikely to currently be installed in any vehicles.  
 
I believe that Rheinmetall and GM Defence have a fighting chance with the Army's new Tactical Truck program with Rheinmetall's HX3 platform, which could be attractive for EXRO.  As far as the new stategic partner goes, I would consider the more "pure" European Tier 1 powertrain providers such as Danfoss, Bosch, ZF, Vitesco, GKN and Borg Warner to be more likely candidtates, particularly the ones that fit the sales and employee description.
 
Comment by Exronly on Apr 15, 2023 9:54pm
I would agree with you, especially since Darrell said you can see the Tier 1's customers cars in parking lots around the world.  I believe GKN supplies electric motors to VW autos and MAN buses. 
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