Coil Driver - NDAs - Coming... Early December in-field validation with Sea Electric, leading to the initial purchase order for 500 high voltage CD units. This will be succeeded by an escalating production volume, reaching at least 1'500 units over the 36-month agreement period. The data from these tests, showcasing top-tier efficiency and cost-effectiveness, will be leveraged by Exro to attract new clients in the commercial vehicle sector.
Exro's' Brazil project, possibly with Giaffone as the motor partner and Coca-Cola as the client, integrates advanced CDs into vehicles. This effort, likely in collaboration with global tier-1 WEG for broader client outreach, aims to advance electric vehicle technology. The disclosure of the NDA, revealing the partners' identities, is awaited soon.
Exro is poised to deliver the initial batch of Coil Drivers to Vicinity for bus applications by the end of November. Consequently, the production of high-voltage CDs will start within the next three weeks, and this development will be communicated through an upcoming press release.
This week, Exro revealed their NDA partner's visit to their Calgary offices, connected to the successful Q3 2023 test of a hybrid-diesel engine powertrain with this European partner, believed to be Volvo CE. The Calgary meeting, for an audit and next steps, will likely lead to phase 2 testing. This development might be shared through a news update, with or without disclosing the partner's identity.
Exro's partnership with Wolong aims to enhance Exro's market reach using Wolong's customer network for e-mobility apps. This collaboration utilises Exro's CD tech and Wolong's motor manufacturing expertise to develop electric vehicle powertrain solutions, targeting companies like Mercedes-Benz and Geely Automotive. The partnership has two phases: system development, involving testing and creating a motor-inverter system, and a commercial phase for marketing and supply. Dynamometer testing is expected to finish by the end of this quarter, leading to the second phase's planning and execution next year.
The innovation project initiated in last quarter with an OEM partner, featuring regular collaboration, is on track to finalise a system design incorporating a high-voltage CD and an optimised OEM motor by end of this quarter. The partner, likely under NDA until at least end of 2024, is hinted to be a major industry player, possibly General Motors.
Exro's strategic partnership with an undisclosed European automotive industry supplier, potentially a major company such as Bosch or Continental AG, involves testing electric motors with Exro's L040 800V CD this quarter. This sets the stage for discussions about a definitive agreement towards the year's end. The identity of the partner is expected to be revealed following these tests, likely in Q1 2024, upon finalising the definitive agreement.
To summarise...
Sea Electric Project
News Expected: When the initial order is placed (early December)
Brazil Project
News Expected: Soon, upon disclosure of the NDA partners.
NDA Partner Guesses: Possibly Giaffone and Coca-Cola, with WEG collaboration.
Partnership with Vicinity for Bus Applications
News Expected: Announcement of start od production / first batch delivery by end of November.
Hybrid-Diesel Engine Powertrain
News Expected: Following the Calgary meeting, potentially about phase 2 testing.
NDA Partner Guesses: Possibly Volvo CE.
Partnership with Wolong
News Expected: Updates on the two-phase collaboration by the end of the year.
OEM Partnership (Innovation Project)
News Expected: Upon finalization of the system design by the end of this quarter.
NDA Partner Guesses: Potentially General Motors, with NDA release by end of next year.
European Automotive Industry Supplier
News Expected: Post-testing phase, likely by the end of this quarter.
NDA Partner Guesses: Possibly Bosch or Continental AG, with reveal in Q1 2024.