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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 [Yahoo! Finance]

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 market, particularly in China. Olivier Rabiller, CEO of Garrett said: “ Garrett's capability to handle high-speed electric motors allows us to design significantly smaller and lighter electrified powertrains while maintaining leading energy efficiency. It allows for easier packaging, higher power and torque, and less material usage. This partnership with SinoTruk will accelerate the development of high-speed solutions that not only improve vehicle performance, but also contribute to global emission reduction g Show less Read more
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