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Lightning EMotors Inc (NYSE:ZEV) is trading higher Tuesday after the company reported a partnership with REV Group Inc's (NYSE:REVG) Collins Bus subsidiary to manufacture and deploy zero-emission, all-electric Type A school buses.
The all-electric Type A school buses will have a gross vehicle weight of 14,500 pounds and feature NMC batteries using industry-leading battery thermal management and safety systems.
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The buses will feature a modern digital-dash display, hill-hold functionality, advanced telematics and analytics, as well as a mobile app for drivers and fleet managers.
"We believe Collins’ leadership can be a strong catalyst for the market to move to all electric. Together, we are ready to bring zero-emission school buses to a neighborhood near you," said Tim Reeser, CEO of Lightning EMotors.
Lightning EMotors is engaged in the manufacturing of electric fleet medium and heavy-duty vehicles including delivery trucks, shuttle buses, passenger vans, chassis-cab models and city transit buses.
ZEV Price Action: Lightning EMotors has traded as high as $12.13 and as low as $5.84 over a 52-week period.
The stock was up 14.10% at $9.87 at time of publication.
Photo: courtesy of Lightning EMotors.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.