Sypris wins long-term contract for electric vehicle drivetrain components

Sypris Technologies announced it has entered into a long-term agreement to supply certain drivetrain components for a leading global truck OEM’s new electrified heavy-duty vehicle. Initial deliveries are expected to begin in 2026. Sypris Technologies will serve as the sole North American source for these parts. The company stated the design of the new product was a result of close collaboration, meeting exacting specifications for performance, weight, cost, and durability, and supports the customer’s decarbonization objectives.