News Summary

• Motiv has announced a new medium duty EV designed from the ground up called the Argo
• The Argo will use Motiv s new powertrain which the company announced earlier this year The six phase motors were developed together with Japan s Nidec
• Motiv says that Argos should be on the road by late next year and will help meet the growing demand of many companies waiting for an EV solution capable of supporting a wide range of applications
• The company has also moved to LFP battery cells lithium iron phosphate versus NMC lithium nickel manganese cobalt as used in its earlier powertrains