08:00 AM EDT, 09/26/2024 (MT Newswires) -- Exro Technologies ( EXROF ) on Thursday named Stellantis as its automotive OEM partner.

The announcement follows over a year of work on the first phase which focused on integrating the Exro Coil Driver technology into Stellantis' next-generation electric powertrains.

"Stellantis pushed us to evolve the Exro Coil Driver technology and prove the need to disrupt the passenger EV propulsion systems as they exist today," said Exro ( EXROF ) Chief Technology Officer Eric Hustedt. "They challenged us to demonstrate how our coil-switching inverter technology holds the potential to enhance system efficiency and power, while also holding the potential to significantly reduce cost and accelerate the adoption of EVs globally."