Exro Technologies Inc T.EXRO

Exro's Technology

[Danno13]

Makers of EV vehicles will need Exro's Technology to compete with Tesla new $25,000 vehicle .

$25K Tesla ‘Model 2’ Will Put The Hurt On Rivals Says Industry Veteran

[Danno13]

https://www.forbes.com/sites/brookecrothers/2023/11/12/25k-tesla-model-2-will-cause-pain-says-industry-veteran/

[Pandora]

So do you envision this as being the new modern day version of the "Peoples Car" - the Volkswagen Beetle - as envisioned by the Germans in the 1950's? (with an extra zero in the price tag)

[Pandora]

OOps -- might have been a little high in an estimate of a 1950's Beetle: "Prices increased slightly with the 1958 Beetle Deluxe Sedan at $1545, the Sunroof Sedan at $1625 and the Cabriolet at $2045."

[Danno13]

To Achieve this low price they would have to have a technology like Exro's Unique Coil-Switching Technology that Optimizes the performance and efficiency of powertrains and other systems including electric motors and batteries.Exro's award winning (2022 Edison Best New Product Awards) system uses one motor and eliminates the gear box with the electric gearing. Exro Coil Driver is a Motor

[Danno13]

If Tesla is building an EV and selling it for less then $30,000..They must be utilizing one electric motor and no mechanical gearbox to save on material and labour cost to be able to make a profit.Time will tell.

[Pandora]

Vicinity Motor Corp. just issued their quarterly. They do a fair amount of mentioning the expansion or growth into the electrical vehicles and they mention the APTA Conference but not one mention of Exro. Expo was as close as they got.. I believe they have a conference call at 4:30 EST or 1:30 PST. Maybe there will be some discussion there. Or at least a question!

[u30822]

Their earnings were terrible, they miss both bottom and top line.