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Exro Technologies Inc T.EXRO

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

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

Post by Kappyoon Mar 12, 2023 12:23pm
218 Views
Post# 35333362

Possibly of interest, Rheinmetall

Possibly of interest, Rheinmetall

Rheinmetall announces first order for e-truck parts

New contract in the lower double-digit million-euro range 

Rheinmetall’s Castings business unit recently booked a new order from a well-known truck manufacturer for gearboxes. The order is worth a figure in the lower-two-digit million-euro range. Production will begin in the first quarter of 2026 and will initially run for five years. However, Rheinmetall and the truck manufacturer have agreed to a total project lifetime of over 15 years, so that future follow-up orders are expected. In winning the order, Rheinmetall successfully overcame rival bids from two competitors in the low-pressure casting sector. 

The gearboxes will be supplied as fully machined components. This will result in synergies for the Group, since casting will take place at its plant in Neckarsulm and final machining at its Langenhagen facility. This solution assures optimum utilization of capacity at both production sites. The gearboxes are highly sophisticated casting products specifically designed for use in e-trucks. 

For Rheinmetall, winning its first order for e-truck parts is highly significant. The e-truck is still at an early stage of development, with the ongoing transformation to advanced, more environmentally friendly drive technologies offering serious potential for growth. The order gives Rheinmetall the chance to apply and expand its expertise in the field of e-mobility and to take part in this growth market practically right from the outset. In cooperating with a longstanding truck producer, the Group aims to jointly develop and introduce the component Europe-wide, increasing the likelihood of additional orders.


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