REV Group's Collins Bus Enters Multiyear Agreement with Lightning eMotors for Electric School Buses

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Lightning eMotors (ZEV) Jumps After Entering Electric Bus Market with Collins Bus Partnership

August 31, 2021 9:25 AM EDT

Lightning eMotors (NYSE: ZEV) gained nearly 7% in early trading Tuesday after the company announced that they have entered into a strategic partnership with Collins Bus, a subsidiary of REV Group (NYSE: REVG), to manufacture zero-emission, all-electric Type A school buses.

The school buses will each weigh around 14,500 pounds and will feature state-of-the-art NMC batteries using industry-leading battery thermal management and safety systems. Along with both Level 2 AC... More