Under the terms of the agreement, AMP has received one current model SUV from an OEM and has already commenced the engineering process. AMP anticipates completing the electrification process and delivering the SUV back to the manufacturer for review in approximately 60 days.
AMP’s drive train technology is a lower-cost, efficient solution that was designed from inception to be readily adaptable to currently marketed ICE-based (internal combustion engine) OEM vehicles with minimum engineering and capitalization costs. Because of its unique ability to bring an OEM to market with speed and efficiency, the Company expects to explore additional initiatives with other OEMs in the near future.
AMP currently electrifies several GM models, including the 2010 GM Equinox. Pre-conversion, the Equinox has a curb weight of nearly 3,800 pounds, by far the heaviest production vehicle to-date to be converted to all-electric.
AMP’s approach is a true paradigm shift – using custom lithium-iron battery packs and two rear-mounted Remy electric motors, it produces 160 kilowatts of peak power, making it by far the most powerful and efficient on the market today.
Current peer offerings do not come close to the range, efficiency and cost effectiveness of the Remy-powered drive train. The AMP’d Equinox can achieve zero to 60 in less than eight seconds and reaches a top speed of 90 miles per hour. It can travel up to 150 miles on a single charge.