Mack (Subsidiary of Volvo)
Details found in the Merger information circular
- In 2021, SEA was one of 16 companies invited by Mack U.S. to participate in a market test designed to select an exclusive partner to provide zero-emission power systems for Mack Class 6 and 7 trucks. SEA was selected following significant testing (including an equivalent 550,000-mile durability test).
- In late 2023, Mack and SEA commenced a five-year supply agreement to provide zero-emission Mack Class 6 and 7 trucks, branded as Mack and distributed through the Mack Dealer Network in the U.S.
- Sales: [Through OEM] SEA sells the power-system directly to the OEM and oversees assembly of the power-system into the OEM product. The OEM distributes the finished vehicle through its dealer network (2024 process with Mack in the U.S).
May 29, 2024 Slide Deck provided by Jeff O’Dowd to investor via email on August 13. 2024 just prior to Q2 Earnings call [PowerPoint Download]
June 13, 2024 News Release: Operational update
- The Company continues efforts to increase production and enhance operational efficiency, producing 46 propulsion systems for customers in April and May.
- The Company is focused on meeting its goal of delivering more than 250 propulsion systems to customers through Q2 and Q3 of 2024
- Mack Trucks continues to progress with deliveries on its electric MD6 series medium-duty trucks.
- Exro and Mack continue to build their partnership to scale deliveries and lead medium-duty truck performance.
- Mack Trucks has a goal of 35% of its sales to be zero-emission vehicles by 2030, and it also has a goal to reduce emissions by 50% in its operations and freight transports by 2030.
August 14, 2024 Interim MD&A (2Q2024)
September 4, 2024 Slide Deck in conjunction with financing
