exro Exro Technologies (EXROF) . They discussed the supply agreement between the two companies that will see Vicinity validate Exro's coil driver inverter technology for use on Vicinity's upcoming line of EV buses, the Lightning. You can view it here.
I was pleased to hear John LaGourgue, Vicinity's corporate development director, present at LD. Electrifying the powertrains in Vicinity's core 30-foot bus (with Exro's help) with the Lightning is the sizzle in the Vicinity story, but VEV has so much more.
One attractive opportunity I saw from John's presentation was to electrify the medium-duty truck market through Vicinity's cab-over product offer. These municipal and small business owners would be replacing current ICE vehicles - John mentioned the Ford (F) F450 as a good comparable - with electrified powertrains and the demand, and government subsidy, is quite strong in this segment. VEV has calculated the total opportunity there at 430k units annually, and for a company that will deliver about 130 buses this year (supply chain issues have knocked VEV back a bit in 2021, as with every OEM) as that market opportunity is enormous." https://realmoney.thestreet.com/.../geodrill-and-vicinity...