Updated: Nov 7, 2021
One of the most important aspects of future growth is the advancement of technologies, especially in the areas of defense, automation, and cybersecurity. Firms from all around the world, particularly in the United States, Canada, United Kingdom, Germany, and France will need to meet the demand of tech advancements. For firms to grow and advance, they will need to secure a vital component of tech, which is precious metals.
One of the segments of the tech sector that is currently advancing at an incredible rate is the electric vehicles (EVs) sector. EVs just 15 years were almost unheard of being used on the roads, especially when it came to larger vehicles, such as trucks, buses, and vans. The technology for long-range EVs simply did not exist. One company that is paving the way for the future of utility EVs and heavy EVs is GreenPower Motor Company, Inc. (Nasdaq: GP).
The company was originally founded in 2010 and is headquartered in Vancouver Canada. The company has one vision, to advance the adoption of electric vehicles (EVs) by making buses and trucks more affordable to the masses. The company currently has a line of buses, vans, and trucks, all of which are EVs. The company also offers partial electric vehicles, which are electrified chassis, with the intention of third-party companies customizing them for their own use.
The company made headlines earlier this year by partnering with Forest River, a company that specializes in recreational vehicles, trailers, and buses. Both companies entered into an exclusive agreement and GreenPower Motor Company will deliver up to 150 EV Star Cab and Chassis to Forest River within 36 months. Forest River will use the EVs for their own product line, with hopes of future deliveries and the integration of its products across all of Forest River’s product line as well.
The company relies on both domestic and international firms for its precious metals from companies such as Hecla Mining Company (NYSE: HL), The Mosaic Company (NYSE: MOS), and British mining giant Rio Tinto (OTCMKTS: RTNTF). Companies around the world have never been more connected to one another as they are and it is important for companies to operate across their domestic borders. This is especially true as the world continues to recover from the Covid-19 pandemic that left many industries facing issues with logistics.
The United States of America has many strong, reliable, and significant allies around the world, all vying for technological advancements and developments. In the coming decades, the partnerships between foreign and domestic companies will be a central part of how companies advance their tech. This also goes without saying, that precious metals mining companies are also included in the equation, as they too are the foundation of all technological advancements. Without precious metals, companies simply cannot develop new technologies such as buses, EVs, motors, and batteries.