Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

Exro Technologies and SEA Electric partner to enhance electric powertrain technology

Posted on July 15, 2020
Exro Technologies and SEA Electric partner to enhance electric powertrain technology 1
Motor Intelligence estimates the commercial vehicle market will surge from USD $19.8 billion in 2020 to USD $38.6 billion in 2025.

VANCOUVER: Exro Technologies Inc. and Australia’s SEA Electric Pty Ltd. are partnering to enhance electric powertrain technology for heavy duty trucks and delivery vehicles.

Recognized as a global leader in the electrification of commercial vehicles, SEA Electric and Exro will codevelop and test powertrains based on Exro’s Coil Driver and the SEA-Drive technologies.

Founded in 2012, SEA Electric has successfully commercialized its proprietary SEA-Drive electric powersystem technology. SEA Electric products are now deployed in 5 countries, with collectively more than 1.6 million kms (1 million miles) of independently OEM tested and in-service operation, making it widely recognised as the market leader in the electrification of commercial vehicles.

“This is another application where the Coil Driver advantages are most apparent,” said Exro Chief Engineer, Eric Hustedt. “By implementing an overall system optimization in concert with our patented power electronics technology, we can improve gradeability without sacrificing speed range—all without the need for multispeed mechanical gearing, or a dual motor powertrain.”

The electric commercial vehicle market is growing quickly, partly because of the efficiencies and performance benefits they offer as well as government policies aimed at accelerating adoption to reduce carbon emissions. Motor Intelligence estimates the commercial vehicle market will surge from USD $19.8 billion in 2020 to USD $38.6 billion in 2025.

“We believe that the trend to electrification of truck and commercial delivery fleets is profound,” said Sea Electric CEO, Tony Fairweather. “We look forward to our partnership with Exro to continue developing powertrains that both serve existing and open new markets in this space.”

Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains.

 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.com .

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR

©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes