General Motors and Lightning eMotors Announce Agreement to Electrify Medium Duty Trucks
Feb 3, 2022 By MarketDepth
General Motors Company (NYSE: GM) and Lightning eMotors, Inc. (NYSE: ZEV) have reached an agreement where General Motors will be the first GM Specialty Vehicle Manufacturer to provide fully electric Class 3 through Class 6 commercial vehicles. Lightning eMotors will electrify popular medium duty truck platforms that are provided by General Motors. This will be used for several vehicle applications such as delivery trucks, shuttle buses, work trucks and more. “We are thrilled that GM is working with Lightning eMotors to make GM’s medium-duty truck platform the basis for new electric vehicles,” said Lightning eMotors’ CEO and co-founder Tim Reeser. “GM’s inclusive approach to electrification is a great match for Lightning’s position and role as a leading powertrain supplier in the commercial vehicle space. Commercial vehicles and commercial vehicle powertrains are complex, with thousands of unique components, requiring years of custom software development and on-road testing—and Lightning has products in fleet use today and ready for customers to roll out this year.”
“GM has a long history in commercial vehicle markets. Lightning’s products are purpose-fit for these vehicles, classes and applications, allowing us to move quickly to support our medium-duty truck and bus partners and customers.”
Lightning eMotors’ chief revenue officer Kash Sethi
Lightning eMotors will electrify specific GM platforms at its manufacturing location in Loveland, Colorado. The completed chassis will be shipped to commercial vehicle manufacturers. “GM has provided chassis to commercial vehicle upfitters and fleets for many years, so to now offer electrified versions of these vehicles with Lightning’s powertrains demonstrates our joint vision towards an electrified future that is putting vehicles on the road today,” said Reeser. “We are at the forefront of specialty vehicle fleet electrification.”
