Lightning eMotors, General Motors Collaborate To Electrify Medium Duty Trucks

Lightning eMotors Inc ZEV has agreed with General Motors Co GM to be the first GM Specialty Vehicle Manufacturer (SVM) to provide fully electric Class 3 through Class 6 commercial vehicles. Deal terms not disclosed.
Lightning eMotors will electrify popular medium-duty truck platforms provided by GM, which can be used for several vehicle applications.
Lightning eMotors has developed a flexible manufacturing approach that provides scalable, and cost-effective electrification for medium-duty specialty vehicles resulting in large operating cost savings, better performance, and zero tailpipe emissions.
Lightning eMotors will electrify GM platforms at its manufacturing campus in Loveland, Colorado, and the completed chassis will be shipped to commercial vehicle manufacturers.
Price Action: ZEV shares are trading higher by 4.37% at $4.54, and GM lower by 1.79% at $52.54 during the premarket session on Thursday.