Allison Transmission Renews Strategic Relationship With EnerDel For Five Years

Shivani Kumaresan
1 min read
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In this article:

  • Allison Transmission Holdings Inc (NYSE: ALSN) has renewed its strategic relationship with EnerDel, a supplier of advanced lithium-ion batteries and ESS for heavy-duty transportation and electric hybrid power applications.

  • As per the arrangement, EnerDel's Lithium-ion Vigor+ 'Buy America' compliant battery pack continues as Allison approved OEM battery pack replacement.

  • "Renewing our relationship with Allison for another five years further solidifies our position as the Lithium-ion ESS solutions provider of choice in the electric hybrid bus market," said EnerDel chief strategy officer Kev Adjemian.

  • The drop-in ready Vigor+ pack is approved for use with the Allison Hybrid H 40/H 50 EP system installed in electric hybrid buses globally.

  • Price Action: ALSN shares are trading higher by 0.51% at $45.76 on the last check Thursday.

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