Vivopower Shares Jump On Latest EV Deal

by Anusuya Lahiri, Benzinga Editor
September 14, 2021 3:31 PM | 1 min read | Make a Comment
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  • Vivopower International PLC VVPR collaborated with GHH Group for GHH to distribute Tembo-powered electric light vehicles (e-LVs) in over 50 countries across Africa, Asia, Europe, and the Americas, using e-LV conversion kits from VivoPower's subsidiary Tembo e-LV B.V.
  • GHH plans to purchase 3,000 Tembo e-LV conversion kits through to December 2026. 
  • GHH will be responsible for acquiring original vehicles from Toyota Motor Corp TM, converting the vehicles to ruggedized e-LVs using the Tembo conversion kits, selling the Tembo-powered e-LVs to end-customers, and providing ongoing servicing and maintenance.
  • Price Action: VVPR shares traded higher by 2.86% at $5.39 on the last check Tuesday.
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