• Energy-tech firm Romeo Power surges 55% after inking deal to provide battery packs to heavy-truck giant Paccar

    4 days ago - By Business Insider

    Summary List Placement Shares of Romeo Power surged to an intraday high of 55% on Tuesday after the energy-technology company announced inking a five-year deal to provide battery packs, modules, and battery management systems to the electric vehicles of Paccar, one of the world's largest manufacturers of medium- and heavy-duty trucks.
    "Romeo Power's battery technology solutions will enable PACCAR to deliver state-of-the-art transportation solutions that enhance customers' operations and environmental impact," Darrin Siver, Paccar senior vice president, said in a statement Tuesday.
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