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0 0 0.0423940149625935 0.0498753117206981 0.0897630922693266 0.0224438902743142 0.0224438902743142 0.0224438902743142
Stock impact report

A pioneer move for Electric Commercial Vehicles: Garrett and SinoTruk sign Letter of Intent to bring leading high-speed electrified powertrain to E-trucks

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd. (SinoTruk) signed a Letter of Intent (LoI) to enhance cooperation in advanced technologies for electric commercial vehicles, aiming to jointly develop leading next-generation E-powertrain for application in SinoTruk's product portfolio, with the aim of joining forces to start mass production of trucks equipped with this next gen E-powertrain by 2027. Nils Martens, VP & GM Electric Powertrain of Garrett, and Li Xuefeng, Director of New Energy Business, Chairman of New Energy Commercial Vehicle at SinoTruk Group, signed the LoI Under this alliance, the two companies will advance Proof of Concepts (PoCs) for e-powertrain systems in both light and heavy trucks, with a focus on energy efficiency and simplified vehicle integration. The projects aim to expand the adoption of zero-emission technologies in the commercial vehicle mar Show less Read more
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