Thor Industries Inks MoU With ZF Friedrichshafen For Electric Trailer Systems

Thor Industries Inc THO has signed a binding Memorandum of Understanding with ZF Friedrichshafen AG, a German car parts maker, for the joint development of a high voltage electric drive system for towable recreational vehicles.
The joint development has led to a concept travel trailer equipped with a prototype eTrailer System.
The development driven by Thor and ZF is designed to maintain and possibly extend the nominal range of an electric vehicle when towing a trailer.
The concept vehicle will be displayed at the Tampa RV Supershow from January 17-23, 2022.
Price Action: THOR shares closed higher by 3.85% at $98.66 on Wednesday.

Overview Rating:

Speculative

0100