Lightning eMotors announces production of 46 units in Q2

Lightning eMotors announced that the Company produced 46 units, consisting of vehicles, powertrains, and Lightning Mobile DC Fast Chargers, in the second quarter of 2023. “We successfully ramped production of our new ZEV4 platform and produced 40 vehicles during the quarter as compared to the five we built in Q1,” said Tim Reeser, Co-Founder and CEO. “ZEV4 production was heavily weighted toward Type A school buses to serve the growing demand. Production in the quarter also included three Lightning Mobile DC Fast Chargers, and we expect demand for this cutting-edge product to pick up as prospective customers are able to see results from initial orders and demo units. Looking forward, we are seeing solid demand for our ZEV4 vehicles as school districts and transit agencies apply for and receive federal and state grant money. We expect our production volume to increase to meet demand, and as we continue to sell through our finished goods inventory.”