Pioneer Power Solutions shares are trading higher after the company announced that a major global automaker has transacted for multiple e-Boost units to support the initial rollout of autonomous EVs in several cities.
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions announced that a major global automaker has purchased multiple e-Boost units to support the initial rollout of autonomous EVs in several cities, leading to higher trading of PPSI shares.
June 02, 2023 | 1:39 pm
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Pioneer Power Solutions' shares are trading higher after the company announced a major global automaker's purchase of multiple e-Boost units for autonomous EV rollout.
The news of a major global automaker purchasing multiple e-Boost units from Pioneer Power Solutions for their autonomous EV rollout in several cities is a positive development for the company. This indicates increased demand for their products and potential future growth, leading to higher trading of PPSI shares in the short term.
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