Hexagon Purus nominated by major commercial truck OEM to supply battery packs

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  • Initial production will be out of Hexagon Purus’ new facility in Kelowna, Canada
  • The total sales value for the initial period from 2024-2027 is estimated at approximately USD 800 million

Hexagon Purus (Oslo: HPUR), a manufacturer of zero-emission mobility solutions, has been nominated by a leading and long-standing commercial truck OEM to provide battery packs for the serial production of battery-electric heavy-duty vehicles.

As a supplier of critical technology needed for zero-emission mobility, this nomination further strengthens our position as a strategic partner for OEM customers”, says Todd Sloan, EVP Hexagon Purus Systems. We are proud to be nominated for this vehicle program, and we look forward to supporting this OEM in driving their transition to zero-emissions mobility.

Todd Sloan, EVP Hexagon Purus Systems

The scope of the nomination is for delivery of battery packs to commence serial production in 2024 and last through 2027, with an option to extend until 2029. Initial production will be out of Hexagon Purus’ new facility in Kelowna, Canada. The total sales value for the initial period from 2024-2027 is estimated at approximately USD 800 million (approx. NOK 7.0 billion), increasing to approximately USD 1.2 billion (approx. NOK 10 billion) if the extension option is exercised.

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The supply contract is subject to the final negotiation of terms and conditions.

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