Exro Technologies Inc T.EXRO

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

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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.

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Exro Technologies Inc > LAW SUITS

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Comment by AlwaysLong683on Feb 14, 2022 10:55pm

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Post# 34428660

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LAW SUITS

Sarkazoo wrote: I don't know if you've noticed this but gas/oil is getting very expensive, seems like a good time for people to consider electric. Soon these high prices won't be seen as lucrative but unsustainable.

The proboem with the above argument is there is still an enormous amount of oil reserves and natural gas reserves ready to be unleashed in the coming years if companies and / or countries wish to do so.

Canadian oil sands and conventional oil, U.S. shale oil, and the abundance of oil reserves in Saudi Arabia, Iran, Iraq, Kuwait, United Arab Emirates, Russia, etc. have loads of reserves that can be tapped, and that's not even counting Venezuela which has the largest oil reserves of any country in the world but is experiencing severe problems at the moment. If things get turned around there and they start unleashing loads of barrels onto the world market, it will make supply even more pentiful. Coversely, if demand for oil starts to decline due to high gasoline prices, OPEC or OPEC+ could decide to start flooding the market with oil to bring down the price and increase consumption. Right now they are in a sweet spot in that demand for gasoline has improved even at high prices, so they're happy to make more money per barrel. But if this is threatened, it won't take much for them in jack up production. Also, if the price is high enough, it becomes more economical for U.S. shale producers to fire up operations again and further increase oil supply.

As far as natural gas reserves are concerned, the USA is loaded with the stuff. So is Russia, Quatar, Canada, Iran, and other countries. Again, lots of reserves / supply to tap into if consumers start to recoil due to high prices and these countries or companies decide to up production to lower prices and maintain market share.

I don't think renewables will be able to compete on price vs. oil or natural gas. Its best bet is still the environmental argument / consequences.

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