- Volcon Inc VLCN plans to power all of its off-road utility terrain vehicles (UTV) with General Motors’ electric propulsion systems.
- The company will be the first off-road Powersports company to offer its full line of vehicles with GM’s electric propulsion.
- Volcon’s all-electric UTV, Volcon Stag, which is expected to debut in 2023 uses a number of supporting components from GM apart from battery cell modules.
- “We save an enormous amount of R&D expense and gain years of drivetrain testing and validation by joining forces with GM,” said CTO Christian Okonsky.
- Price Action: VLCN shares are trading higher by 11.30% at $2.16 on the last check Friday.
© 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
