Lightning eMotors: Partners with General Motors to electrify medium-duty trucks

Lightning eMotors partners with General Motors to electrify medium-duty trucks

  • Lightning eMotors and GM to Collaborate to Develop Zero Tailpipe Emission Battery-Electric Trucks for Mid-Duty Commercial Fleet Customers
  • Lightning eMotors will build all-electric medium utility vehicles on popular GM platforms
  • Relationship with GM supports growth in production volume potential of Lightning eMotors, with production expected to begin in 2022

LOVELAND, Colo., February 2, 2022 – Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission medium utility vehicles and electric vehicle technology for fleets, has reached an agreement with General Motors to become the first manufacturer GM Specialty Vehicles (SVM) to provide Class 3-6 all-electric utility vehicles.

Under the agreement, Lightning eMotors will electrify popular medium-truck platforms supplied by General Motors, which can be used for multiple vehicle applications like school buses, shuttles, delivery trucks, work trucks and Moreover.

General Motors Fleet offers a variety of platforms designed for qualified specialty vehicle manufacturing customers to tailor vehicles in a wide range of industries and applications.

“We are excited that GM is working with Lightning eMotors to make GM’s medium-duty truck platform the foundation for new electric vehicles,” said Lightning eMotors CEO and co-founder Tim Reeser. “GM’s inclusive approach to electrification is a perfect fit with Lightning’s position and role as the premier powertrain supplier in the utility vehicle industry. Commercial vehicles and utility vehicle powertrains are complex, with thousands of unique components, requiring years of custom software development and over-testing – and Lightning has products in use by the fleet today and ready for customer deployment this year.”

“General Motors is all about getting everyone involved in the electric future, and with Lightning, we have the opportunity to bring the benefits of electric vehicles to more commercial drivers,” said Marissa West, executive chief engineer. for mid-size trucks, medium-duty trucks, and vans at GM. “Our medium-duty truck platform provides a solid and reliable foundation for a wide range of possible vehicles.”


Example layout model illustrated by Forest River of GM chassis electrified by Lightning eMotors. Final product is not produced by GM and will vary. GM is not responsible for the safety or quality of the design features, materials, or workmanship of any modification by such supplier. Availability to be determined later.

Lightning has developed a flexible manufacturing approach that provides scalable, cost-effective electrification for medium-duty specialty vehicles1 such as utility trucks, school buses and ambulances. The electrification of these vehicles results in significant savings in operating costs, better performance and zero tailpipe emissions. Lightning eMotors has seen dramatic growth in customer orders over the past three years.

“GM has a long history in the utility vehicle markets,” said Kash Sethi, chief revenue officer of Lightning eMotors. “Lightning’s products are ideally suited for these vehicles, classes and applications, allowing us to move quickly to support our medium-duty truck and bus partners and customers.

Lightning eMotors will electrify select GM platforms at its manufacturing campus2 in Loveland, Colorado and expects production to begin before the end of 2022. Completed chassis will be shipped to commercial vehicle manufacturers.

“GM has been supplying chassis to upfitters and utility vehicle fleets for many years, so now offering electrified versions of these vehicles with Lightning powertrains demonstrates our shared vision toward an electrified future that puts vehicles on the road today.” today,” Reeser said. “We are at the forefront of electrifying specialty vehicle fleets.”

Aabout Lightning eMotors

Lightning electric motors (NYSE:ZEV) has been providing specialist and sustainable fleet solutions since 2009, deploying complete Zero Emission Vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 and passenger vans, ambulances, Class 4 and 5 vans and shuttles, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses and Class A coaches. The Lightning eMotors team designs, engineers, customizes and manufactures vehicles zero emissions to meet the wide range of fleet customer needs with a full suite of control software, telematics, analytics and charging solutions to simplify the buying and ownership experience and maximize uptime. and energy efficiency. To learn more, visit our website at https://lightningemotors.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements include, but are not limited to, statements regarding the anticipated relationship with GM, the expected volumes that Lightning eMotors can produce, whether the agreement will enhance Lightning’s ability to meet customer expectations, the expected capacity to increase production capacity, expected increase in sales and its expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding Lightning eMotors future business plans. All statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, ” possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of such words does not mean that a statement is not prospective. The forward-looking statements contained in this press release are based on certain assumptions and analyzes made by the management of Lightning eMotors in light of their respective experience and perception of historical trends, current conditions and expected future developments and their effects. potential on Lightning eMotors as well as such other factors as they deem appropriate in the circumstances. There can be no assurance that future developments affecting Lightning eMotors will be as anticipated. These forward-looking statements contained in this press release are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or results to differ materially from any future results or results expressed or implied. – understood by forward-looking statements. . These risks, uncertainties, assumptions and other factors include, but are not limited to: (i) the actual number of vehicles received from GM under our agreement and their successful integration into our products, (ii) those related to our operations and activities and financial performance; (iii) our ability to execute our business strategy and increase demand for our products and revenues; (iv) our ability to maintain the supply of necessary components from third-party suppliers; (v) the potential severity, scale and duration of the COVID-19 pandemic as it affects our business operations, global supply chains, financial results and position, and the economy American and global; (vi) current market conditions and federal, state and local governmental laws, regulations and incentives, particularly those related to the commercial electric vehicle market; (vii) the size and growth of the markets in which we operate; (viii) the range of products used by our customers and the needs of those customers for those products; and (ix) market acceptance of new product offerings and whether this will be a catalyst for others to purchase electric vehicles. In addition, we operate in a competitive and rapidly changing environment, and new risks may arise from time to time. You should not place undue reliance on forward-looking statements. Forward-looking statements should not be construed as a guarantee of future performance or results and will not necessarily be precise indications of the times at which or by which such performance or results will be achieved, if any. Should one or more of these risks or uncertainties materialize, or should any of the assumptions made prove incorrect, actual results may differ materially from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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1 Vehicles equipped by an independent supplier are not covered by the GM New Vehicle Warranty. GM is not responsible for the safety or quality of modifications made by independent suppliers.

2 Parts of national and global origin.

Media contact for Lightning eMotors:
Nick Bettis
(800) 223-0740
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Lightning eMotors Investor Relations:
Brian Smith
(503) 781-3472
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Robert M. Larson