Business
Australia’s GB Auto secures huge deal to convert Hilux utes and Land Cruisers to electric – The Driven
Vivopower confirms major deal for Australian mining vehicle company GB Auto to convert Toyota Hilux and Land Cruisers to electric drivetrains.
Australian mining vehicle company GB Auto has secured final approval for the proposed $US250 million ($A322 million) deal to convert Toyota Hilux and Land Cruisers to electric drivetrains.
Flagged in late December by Dutch firm Tembo 4×4, which creates electric conversion kits for Toyota utes, the official signing of the deal with parent company Vivopower saw the NASDAQ-listed company’s share price jump 31% on Monday (US time) to a high of $US18.22 ($A23.51).
GB Auto first caught The Driven’s attention…
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