Sypris Technologies Secures Long-Term Agreement for Electrified Truck Components with Major Global Manufacturer

Sypris Technologies has secured a long-term deal to supply drivetrain components to a major global truck manufacturer for their electrified heavy-duty vehicles. The components will be delivered starting in 2026, with Sypris becoming the exclusive supplier in North America. The partnership aligns with the manufacturer's goals for reducing carbon emissions and reflects a shared commitment to environmental sustainability.

Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), has announced a significant long-term agreement to supply drivetrain components for a major global truck manufacturer's upcoming electrified heavy-duty vehicles. The contract, which was announced on June 26, 2025, stipulates that initial deliveries will commence in 2026, with Sypris Technologies becoming the exclusive supplier for these parts in North America [1].

The collaboration between Sypris Technologies and the global truck manufacturer reflects a shared commitment to environmental sustainability. The design and development of these components were achieved through a close collaborative effort, ensuring they meet high standards for performance, weight, cost, and durability [2].

Federico Aviles, Vice President and General Manager of Sypris Technologies Mexico, S. de R.L. de C. V., stated, "We were pleased to be selected by our customer to develop certain drivetrain components for its new, revolutionary electric drive system, and to serve as the sole North American source for these parts. The design of the new product was the result of close collaboration between the two companies, utilizing the resources of the Sypris Development Center to meet exacting, leading edge specifications for performance, weight, cost, and durability. We are also proud to support our customer’s decarbonization objectives, and its stated goal of net zero emissions" [3].

Sypris Technologies, Inc. is a premier manufacturer and supplier of drivetrain and other critical components for various industries, including commercial and recreational vehicles, automotive, mining, agriculture, industrial, and energy markets. The company is headquartered in Louisville, Kentucky, and has been serving the industry for over 90 years [1].

This long-term contract is expected to bolster Sypris Technologies' financial performance and operational capacity, aligning with the company's strategic goals. The partnership also underscores the growing demand for sustainable and electric vehicle technologies in the heavy-duty trucking sector.

References:

[1] https://finance.yahoo.com/news/sypris-awarded-long-term-contract-123000778.html
[2] https://www.gurufocus.com/news/2947945/sypris-technologies-sypr-secures-longterm-deal-for-electrified-truck-components-sypr-stock-news
[3] https://www.stocktitan.net/news/SYPR/sypris-awarded-long-term-contract-with-global-truck-vaj0ghdiqda3.html