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Local Leader in EV Tech Partners with Switch Mobility, Brings Future Opportunities to Maumee, Ohio
“Light commercial vehicles and buses continue to present significant opportunities as they lead the commercial-vehicle segment’s shift to fully electrified platforms,” states James Kamsickas, Chairman and CEO of Dana, upon announcing the company’s partnership with Switch Mobility in the development of electrified commercial vehicles.
“We are pleased to extend our relationships with our long-standing customers, Ashok Leyland and Switch Mobility,” Kamsickas states, “as they continue to grow and implement their next-generation, road-proven technology that will enable a direct, positive impact on delivering sustainable urban e-mobility.”
Dana, Inc. (NYSE: DAN) is a global leader in drivetrain and e-propulsion systems, based out of Maumee, Ohio. It’s partner, Switch Mobility, Ltd. (NYSE: SWCH), creates electrified commercial vehicles and is the subsidiary of Ashok Leyland Ltd, a leading commercial-vehicle manufacturer, based out of the UK, known for its line of net-zero carbon electric busses and light commercial vehicles (LCVs), which will be launched later this year.
Under these terms, Dana will invest $18 million into Switch Mobility, becoming a preferred supplier of electric drivetrain components for the company’s e-bus and EV…