Exro Technologies (TSE:EXRO) has released an update.
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Exro Technologies Inc. has made significant strides in delivering its electric propulsion systems, achieving a goal of over 250 systems in the second and third quarters of 2024, post-SEA acquisition. The company has secured its inaugural outbound IP licensing deal with HB4, intended for the European market, and continues to foster partnerships with major global OEMs to advance electrification in vehicles. Notably, Exro’s Coil Driver inverter technology is being integrated by Hino Trucks and is undergoing on-road validation in commercial vehicles with Giaffone, demonstrating its potential to enhance performance and efficiency.
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