- Vivopower International PLC VVPR collaborated with GHH Group for GHH to distribute Tembo-powered electric light vehicles (e-LVs) in over 50 countries across Africa, Asia, Europe, and the Americas, using e-LV conversion kits from VivoPower's subsidiary Tembo e-LV B.V.
- GHH plans to purchase 3,000 Tembo e-LV conversion kits through to December 2026.
- GHH will be responsible for acquiring original vehicles from Toyota Motor Corp TM, converting the vehicles to ruggedized e-LVs using the Tembo conversion kits, selling the Tembo-powered e-LVs to end-customers, and providing ongoing servicing and maintenance.
- Price Action: VVPR shares traded higher by 2.86% at $5.39 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
