Benzinga | Sep 9, 2021 04:49PM EDT

Lightning eMotors, ABB Collaborate To Provide DC Fast Chargers

* Lightning eMotors Inc (NYSE:ZEV) and ABB Ltd (NYSE:ABB) have partnered to offer DC fast electric vehicle chargers for commercial electric fleet vehicles.

* The high-output 20 kW to 350 kW DC fast chargers will be available via Lightning eMotors division Lightning Energy, which supplies charging solutions to commercial and government fleets.

* Lightning Energy will sell ABB's DC fast-charging systems under the Lightning Energy brand as part of the deal.

* The fully interoperable DC fast chargers, designed and built by ABB, are equipped with around-the-clock connectivity to enable remote services and compatibility with every individual fleet charging system.

* Price Action: ZEV shares closed higher by 5.03% at $9.39, and ABB closed at $36.50 on Thursday.