Exro Technologies (TSE:EXRO) has released an update.
Exro Technologies Inc. has announced a transformative merger with SEA Electric, positioning the company to capitalize on the growing commercial electric vehicle market. The union is expected to streamline revenue, reduce costs, and project a path to profitability within a year, with a focus on electric propulsion systems for OEM integration. This strategic move is designed to capture a larger share of the electrification technology market, leveraging regulatory trends favoring fleet electrification.
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