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…but with the usual sliver of promise EXRO ended 2024 with mixed results that fell far short of early-year expectations. When announcing its merger with SEA Electric in early 2024, EXRO forecasted over $200 million in annual revenue, largely based on delivering up to 1,000 SEA-Drive® electric propulsion systems. However, actual results told a different … Read more
On February 3, 2025, EXRO announced that its innovative technology is being installed and tested on an International eMV truck. Detailed in the press release/shareholder letter and shared via an X post from EXRO Technologies, the current development is currently limited to this single trial unit, but the press release also notes that if the … Read more
Overview of EXRO’s Analyst Day EXRO Technologies hosted its inaugural Analyst Day on November 14, 2024, offering insights into its technology, financials, and future outlook. The company’s leadership emphasized resilience in navigating the challenges of the electrification market while positioning EXRO for long-term growth. Investors gained some clarity on EXRO’s three revenue streams: propulsion systems, … Read more
EXRO’s Coil Driver™ technology is central to several key partnerships and product integrations. These collaborations have significant implications for the technology’s long-term success. Below is an overview of how EXRO, HB4, SM4E, and Casalini are interconnected and what it means for EXRO’s future. EXRO’s Coil Driver™ Technology HB4 Group Partnership SM4E Motors Casalini Integration We … Read more
This certification is a gold standard in the automotive industry, emphasizing quality management, process efficiency, and a commitment to excellence. Attaining it will position EXRO Technologies as a trusted partner in the highly competitive automotive supply chain. What Is IATF 16949 Certification? IATF 16949 is an internationally recognized quality management standard tailored for the automotive … Read more
