Business ExpansionManagement noted ramping business with Yutong, the first time this bus OEM was announced as well as an award with a European auto OEM for an EV platform to ramp with annual volumes at approximately 50,000.
Operational GrowthAdditional labor was approved by the French works councils to add a 2nd shift, and the management team does not anticipate future delivery shortfalls.
Partnerships And ContractsGauzy announced a design win with a European OEM for a 9-year contract with annual volumes that are expected to average 50,000 per year.