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Exro Technologies ( (TSE:EXRO) ) has issued an update.
Exro Technologies reported a transformative year in 2024, marked by record revenue of $23.1 million following its merger with SEA Electric Inc. The company implemented strategic cost reductions and advanced its Coil Driver™ and Cell Driver™ programs, positioning itself for future growth. Despite macroeconomic challenges, Exro demonstrated resilience by delivering 153 electric propulsion systems and launching innovation programs with major OEMs, including Stellantis. The company is poised for expansion in the battery-electric and hybrid markets, with ongoing commercial discussions in energy storage and continued progress in passenger vehicle partnerships.
More about Exro Technologies
Exro Technologies Inc. is a leading clean-technology company specializing in proprietary motor-control and complete electric propulsion system technology for e-mobility. The company focuses on delivering innovative e-propulsion systems to major OEMs and advancing key programs in the electric and hybrid vehicle markets.
YTD Price Performance: -32.00%
Average Trading Volume: 238,325
Technical Sentiment Signal: Buy
Current Market Cap: $36.47M
See more insights into EXRO stock on TipRanks’ Stock Analysis page.
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