Romeo Power (RMO)

[crudeoil24]

Huge deal to supply battery packs, modules and battery-management systems for electric vehicles made by Paccar Inc. under its Peterbilt brand.

The deal makes Los Angeles-based Romeo a supplier of batteries for Peterbilt 579 and 520 trucks through 2025. The companies plan to begin production after this year, Romeo said.

Paccar, based in Bellevue, Wash., also makes trucks under the Kenworth and DAF brands.