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Exro announces strategic partnership with Wolong Electric Group

CALGARY — Exro Technologies Inc., a clean technology company that has developed power control electronics that expand the capabilities of electric motors and batteries, announces that it has entered into a strategic partnership with Wolong Electric Group Ltd, a motor manufacturer for industrial and automotive applications. The partnership aligns directly with Exro’s targeted go-to-market strategy for its patented Coil Driver inverter technology, partnering with global tier-1 automotive suppliers that accelerate and amplify Exro’s market presence.

“We are excited to welcome Wolong as a strategic motor partner,” said Exro CEO Sue Ozdemir. “Having previously been a part of the Wolong family, I have first-hand perspective on the world-class motor manufacturing capabilities that allow Exro the opportunity to scale into multiple large customer platforms. The partnership is yet another validation of Exro’s patented core technology and we are leveraging the platforms of some of the largest automotive supply companies in the world to bring our technology to market.”

Wolong Electric Group is an industrial automation solution supplier, and has reportedly maintained a greater than 10% market share of electric vehicle motors supported by one of the world’s most advanced intelligent manufacturing factories in the motor industry with an annual production capacity of 500,000 units.

Target key customers for the partnership’s motor-inverter powertrain solutions include Mercedes-Benz, Geely Automotive, ZF (which established a joint venture with Wolong in 2020), and others.

The strategic partnership is intended to leverage Exro’s Coil Driver technology and Wolong’s design, manufacturing, and supply capabilities to develop next-generation electric vehicle powertrain solutions for electric commercial vehicles and off-highway applications in the Americas, with the future possibility of licencing the Exro inverter to Wolong for use in Asia.