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Exro Technologies Inc T.EXRO

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

Technology Scientific & Technical Instruments
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

Exro Technologies Inc > EV Maker LION Cuts 400 Jobs
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Post by newcoinon Dec 02, 2024 10:24am
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Post# 36340672

EV Maker LION Cuts 400 Jobs

EV Maker LION Cuts 400 JobsLion cuts 400 jobs: Electric vehicle maker Lion Electric has secured a cash lifeline from its lenders to extend a key debt deadline by another two weeks. The debt-laden vehicle maker has announced an at least temporary layoff of 400 workers this morning. That will bring its total staffing level down to 300 people, and the company’s facility in Joliet, Illinois will be idled. The company’s shares have steadily declined after peaking in 2021 at more than $25 on the TSX. On Friday they closed at 25 cents.
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