Benzinga | Aug 26, 2021 02:13PM EDT

XL Fleet To Electrify Stellantis' Ram 2500 And 3500 Trucks

* XL Fleet Corp (NYSE:XL) plans to offer its hybrid electric drive system for Ram 2500 and 3500, Stellantis NV's (NYSE:STLA) line of heavy-duty pickup trucks.

* The XLH system represents the company's first electrification product to be available for Ram Commercial.

* XL Fleet's newest product represents the fourth OEM platform on which its electrification systems are compatible, including hybrid electric drive solutions for Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM), and Isuzu Motors Ltd (OTC:ISUZY) fleet vehicles.

* With the Ram 2500 and 3500 heavy-duty pickup models in its hybrid product line, XL Fleet now electrifies four of the U.S.'s top-selling pickup brands, including Ford F-series, Chevrolet Silverado, Ram, and GMC Sierra trucks.

* The XLH hybrid electric drive system is now available for select Ram 2500 / 3500 models with the 6.4L V8 engine and a wide range of wheelbases, cab configurations, and drivelines.

* Price Action: XL shares are trading higher by 1.95% at $6.79 on the last check Thursday.