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Meritor Selected by Hexagon Purus to Supply Electric Powertrains

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Meritor, Inc. (NYSE: MTOR) announced a collaboration with Hexagon Purus to integrate its Blue Horizon™ 14Xe™ electric powertrain into Hexagon's projects for Class 6, 7, and 8 trucks. This partnership aims to advance clean mobility solutions in the commercial vehicle sector, with production expected to commence in 2021. Meritor's vice president highlighted the commitment to innovative technologies, while Hexagon's executive emphasized the shared vision for zero-emission vehicles.

Positive
  • Collaboration with Hexagon Purus enhances Meritor's capabilities in electric powertrain technology.
  • The Blue Horizon™ 14Xe™ electric powertrain targets the growing demand for clean mobility solutions.
  • Production set to begin in 2021 indicates timely market entry.
Negative
  • None.

TROY, Mich., May 4, 2021 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it will be collaborating with Hexagon Purus, a global leader in zero emission e-mobility. The companies will work together to integrate Meritor's Blue Horizon™ 14Xe™ integrated ePowertrain into Hexagon Purus' contracted projects that include Class 6, Class 7 trucks and Class 8 (6x4) vehicles. Production is scheduled to begin in 2021.

"We're proud to have Hexagon Purus as a customer and to align our electric powertrain technologies to their needs," said TJ Reed, vice president of Global Electrification for Meritor. "This award builds on the commitment we've made to invest in advanced technologies for customers around the world."

"Meritor and Hexagon Purus share a common vision of bringing clean mobility solutions to the commercial vehicle market. Meritor provides the expertise in electric powertrains that will help us drive toward that goal," said Todd Sloan, executive vice president of Hexagon Purus.

Meritor's 14Xe fully integrated electric powertrain for medium- and heavy-duty commercial vehicles, will be produced in Asheville and Forest City, North Carolina.

About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, brakingaftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Michigan, United States, and is made up of more than 8,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.

About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses, ground storage, distribution, marine, rail and aerospace. Learn more at www.hexagonpurus.com.

 

Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.) (PRNewsfoto/Meritor, Inc.)

 

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SOURCE Meritor, Inc.

FAQ

What is the collaboration between Meritor and Hexagon Purus?

Meritor is collaborating with Hexagon Purus to integrate its Blue Horizon™ 14Xe™ electric powertrain into Hexagon's contracted projects for various classes of trucks.

When will production of the electric powertrains start?

Production of the electric powertrains is scheduled to begin in 2021.

What is the significance of the partnership for Meritor (MTOR)?

The partnership allows Meritor to strengthen its position in the electric powertrain market and meet the increasing demand for zero-emission commercial vehicles.

Which types of vehicles will use the Blue Horizon™ 14Xe™ powertrain?

The Blue Horizon™ 14Xe™ powertrain will be integrated into Class 6, Class 7 trucks, and Class 8 vehicles.

How does this partnership impact the electric vehicle market?

This collaboration aims to advance the development and adoption of clean mobility solutions in the commercial vehicle sector.

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