APRIL 6th, 2021, Romeo Power, Inc. (NYSE: RMO), an American electric battery company, announced a longterm partnership with PACCAR (NYSE: PCAR).
Romeo will supply their battery packs for Peterbuilt Motors Inc's 579 & 520 Models.
(579 Model)
(520 Model)
“Romeo Power is very pleased to extend its relationship with PACCAR through our new long-term supply agreement,” said Lionel Selwood, Jr., CEO of Romeo Power. “PACCAR will continue to be a great partner for Romeo Power as we work to achieve our shared goals of reducing emissions with safe, energy efficient technology solutions.
Production to begin after 2021
Partnership is until 2025
Stock Prices:
NYSE: RMO - $10.34
NYSE: PCAR - $93.48
Editor-in-Chief Statement
Congratulation to these American companies for coming together to make this happen. It appears that almost everyday companies are uniting to make the world a better place. The electrification of our transportation is a global effort. Your investments today can help make that a reality tomorrow.
Alan Dowden