Zenn Shifts Gears On Electric Vehicle Strategy

Canadian electric car maker Zenn Motor Co. (ZNN.V) is changing its business strategy, according to a Reuters report. 

The company makes low-speed electric vehicles and had been focusing on developing a highway-capable vehicle. But with increasing competition in the field, the company has decided to refocus on supplying electric drive trains to other vehicle makers.

At the center of this new strategy is EEStor, Inc., a privately held U.S. battery-maker in which Zenn owns a minority stake. 

Read the report at the link below.