Lightning eMotors announced that it produced 53 units, consisting of vehicles and powertrains, in the first quarter of 2023. "We entered the first quarter with significant finished goods inventory, reducing our production requirements for the quarter. We expect our production to increase as we respond to demand for our new ZEV4 platform and see the anticipated impact of the new incentives on customer demand for our products," said Tim Reeser, CEO.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ZEV:
- Lightning eMotors price target lowered to $1.50 from $4.00 at DA Davidson
- Lightning eMotors price target lowered to $1.50 from $2.50 at Northland
- Opco downgrades Lightning eMotors on balance sheet uncertainty
- Lightning eMotors downgraded to Perform from Outperform at Oppenheimer
- Silicon Valley Bank Causes EV Stocks to Slump