Hyperdrive
Lightning Soars on EV Deal With Buffett-Backed Bus Maker
- The company will electrify buses for Berkshire’s Forest River
- Shares surge as much as 55% before start of regular trading
Source: Business Wire
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Lightning eMotors Inc. shares surged after the company that electrifies commercial vehicles announced a strategic partnership with a Berkshire Hathaway Inc.-backed bus maker.
Lightning, whose stock started trading in May after a merger with a blank-check company, will build fully electric powertrains and provide charging products and services to Berkshire’s Forest River Inc., according to a statement Tuesday. The companies said they’ll deploy as many as 7,500 shuttle buses.