VivoPower Signs Design Services Agreement With Toyota Australia
May 20 2022 - 9:44AM
Dow Jones News
By Chris Wack
VivoPower International Plc said Friday it entered into a design
services agreement with Toyota Motor Corp. Australia Ltd. for its
wholly owned subsidiary, Tembo e-LV, to work on electrification of
the Toyota LandCruiser 70 for off-road applications.
The company said the agreement is part of Tembo's collaboration
program with Toyota Australia, which was initially announced as a
binding letter of intent in June 2021. VivoPower has established a
Tembo subsidiary in Australia.
VivoPower shares rose 12% to $1.77 in premarket trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 20, 2022 09:29 ET (13:29 GMT)
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