Exro Announces Definitive Commercialization Agreement with Linamar
Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.
- Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.
- Following successful continued testing of the samples by Linamar through the first half of 2023, the Parties have progressed to a definitive agreement intended to commercialize the co-developed eAxle into series production.
- Linamar has been a great partner and we look forward to advancing this combined product to commercialization."
- The agreement does not place exclusivity restrictions on Linamar, which will continue to work with other vendors and suppliers to meet its customers' application-specific requirements.