Potent Partnerships Could Power Lightning eMotors to the Next Level
Colorado-based Lightning eMotors (NYSE: ZEV) was an early mover in vehicle electrification. The company has provided fleet solutions since 2009, including zero-emission commercial electric vehicles (EVs) and powertrains/chassis. As supply chain issues persist and earlier hype over EV stocks fades in 2022, the burden lies squarely on Lightning eMotors to prove its viability.
Thus, the company's recently reported quarterly results allowed Lightning eMotors to demonstrate its growth -- or at the very least, its narrowing profitability gap. What's more, by partnering with a pair of well-known vehicle-market companies, Lightning eMotors could surprise the skeptics and bulk up early investors' ESG (environmental, social, and corporate governance) portfolios.
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Source Fool.com
