RTTNews | Apr 6, 2021 10:16AM EDT

10:16 Tuesday, April 6, 2021 (RTTNews.com) - Shares of Romeo Power Inc. (RMO) jumped nearly 20% on Tuesday morning after the company announced a long-term supply agreement with PACCAR for Peterbilt 579 and 520 battery-electric vehicles.

RMO is currently trading at $9.56, up $1.54 or 19.20%, on the NYSE.

Romeo Power announced a long-term supply agreement with PACCAR to provide battery packs, modules and battery management systems for PACCAR's battery electric vehicles.

Under the deal, Romeo Power will be a battery supplier for Peterbilt 579 and 520 BEVs in the United States and Canada through 2025. The start of production is anticipated to begin after 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3182755/stock-alert-romeo-power-jumps-20-on-long-term-supply-deal-with-paccar.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved