Benzinga -
- Expion360 Inc (NASDAQ: XPON) has been selected as the exclusive supplier of high-energy lithium-ion batteries for an overland trailer to be branded and sold by a top U.S. sports utility vehicle manufacturer.
- The company noted that the overland trailer is inspired by military ruggedized surveillance trailers and developed by leaders in advanced vehicle engineering.
- The company plans to begin shipping lithium batteries to the trailer manufacturer in the first quarter of 2023.
- In addition, Expion360 looks forward to a long and prosperous relationship with this manufacturer.
- The overland trailer is expected to be available through more than 5,000 SUV dealers across North America starting early next year.
- Expion360 state-of-the-art Li-ion batteries have been integrated as a key element of the trailer's onboard solar-powered storage system.
- Expion360 said its batteries utilize lithium iron phosphate (LiFePO4), which can have a lifespan of 12 years or three to four times the life of most lead-acid batteries.
- Price Action: XPON shares are trading higher by 159.7% to $2.54 on the last check Friday.