EXRO/ZF/Wolong This is good news. It provides opportunities for EXRO in both China and the Americas.
The inclusion of ZF as a named, targetted partner is exciting. ZF is one of the largest Tier 1 motor suppliers in Europe, having produced more than 2 million motors to date. ZF is involved with 50 different projects for a dozen OEMs and expects to double that number in the next two years.
https://www.zf.com/mobile/en/technologies/electric_mobility/stories/e-motor.html
In addition to ZF's JV with Wolong for the production of motors and components in China, the two companies plan to expand to the EU and North America.
This aligns nicely with EXRO's partnership with Wolong, which is intended to develop new powertrain solutions for the Americas.
This could be like a precursor for a three-way collaboration in North America.