Mexican Media Brands
XL Buys Quantum’s Electrification Unit
Boston-based XL (formerly XL Hybrids), which supplies hybrid powertrain systems for commercial vehicles, has acquired Quantum Fuel Systems LLC’s electrification division.
#hybrid
Share
Boston-based XL (formerly XL Hybrids), which supplies hybrid powertrain systems for commercial vehicles, has acquired Quantum Fuel Systems LLC’s electrification division.
XL will assume the engineering staff and technology assets of the business and continue to operate its Lake Forest, Calif., office. Financial terms of the deal weren’t disclosed.
XL also has appointed Dimitri Kazarinoff (below) as its new CEO. Kazarinoff previously held executive positions at Eaton Corp. and AVL North America. He succeeds Tod Hynes, who will remain at XL as chief strategy officer and a member of the company’s board of directors.
Founded in 2009, XL supplies OEM-certified electrification systems for Ford, General Motors and Isuzu trucks in fleet applications. The company claims its hybrid and plug-in hybrid technologies can boost fuel efficiency by as much as 50%.
Quantum Fuel Systems specializes in compressed natural gas and hydrogen technologies.
RELATED CONTENT
-
Rivian Gets Even More Money, Now From Ford
The electrification of automotive is serious business. This week it was announced that Ford is making a $500-million equity investment in Rivian.
-
The Genovation GXE: >220 mph and Street Legal
A 2019 Corvette Grand Sport has a starting price on the order of $66,950. The Genovation GXE, which is predicated on the Corvette Grand Sport, will set you back some $750,000.
-
2019 Honda Insight
One of the things that rarely gets the amount of attention that it should in a typical “car review” is the fact that for a considerable amount of time drivers are not “getting on the throttle” because for a considerable number of drivers, they’re “dwelling on the binders,” a.k.a., sitting with their foot depressed on the brakes, perhaps lifting every now and then in order to nudge forward in traffic.