Exro Technologies Inc (EXROF)

[12yearplan]

Wolong Electric Group is a world-famous industrial automation solution supplier and one of world’s top three motor manufacturers. Founded in 1984, the business covers more than 100 countries and regions around the world and ownership of a family of brands including ATB Group, Brook Crompton, GE Industrial Motors, and others. Wolong’s EV motor division was established in 2011, concentrating on R&D, manufacturing, and sales of electric vehicle motors. Over the last decade, the division has grown to a leader in new energy vehicle drive systems covering passenger cars, utility vehicles, sport utility vehicles, commercial vehicles, and light passenger vehicles. Since 2015, Wolong has 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.