RE:My 2 Cents
thefourth 2/5/2024 11:10:50
Re: My 2 cents
Your 3rd last segment in your post:
"Rod Copes was quoted in the original press release saying: Today marks the beginning of s significant new chapter in Exro's journey as we proactively and strategically lead the consolidation of the e-mobility sector. The Transaction secures first-mover advantage and the path to revenue is robusgt, backed by a strong leadership team committed to delivering to shareholders on the market opportunity"
I take him at his word and I encourage you Judith1958 to not lose faith in him. He is leading us into a brave new world!
"thefourth" thanks a lot!
"thefourth"
Re: LINAMAR & EXRO - what's going on here?
In accordance with the agreement, by Q4 2023 the parties intended to build a product demonstration vehicle to be utilized as a joint marketing asset for the medium duty commercial vehicle market
The agreement contemplates the start of series production by Q4 2024 and includes annual commercial volume targets that build to 25'000 units per annum by 2027.
Linamar is granted exclusivity to Exro's Coil DriverTM product for use in medium duty Class 3-6 electric beam axle applications.
thanks for your reply
Judith1958