American Axle & Manufacturing (NYSE: AXLE) shares moved forward Tuesday, on news it will have its industry-leading technology on display at the 2024 Consumer Electronics Show, the world's most influential global tech event, held Jan. 9-12 in Las Vegas.
"CES is the premier event to showcase the full breadth and depth of our innovative solutions and tell our story to a broad range of partners," said AAM CEO David Dauch. "AAM continues to support a rapidly changing global auto industry by expanding our electrification platforms for any type of vehicle. This includes performance sedans, SUVs, light- and heavy-duty trucks and skateboards, empowering OEMs to create cleaner and more efficient vehicles."
AAM has been at the forefront of creating solutions for the transition to electric mobility with a focus on driveline technology. AAM will showcase many of its technologies and products in its booth. For example, AAM will showcase its best-in-class EDU technology for both hybrid and fully electric powertrains. The Mercedes AMG GT 63 S E Performance sedan will be in the booth, which features AAM's award winning EDU providing a power/torque output of 150 kW/204HP.
Moreover, the next generation of front and rear e-Beam axles integrating AAM's 3-in-1 e-Drive technology will also be on display. AAM will showcase a uniquely-designed battery electric light-duty truckfeaturing AAM's 3-in-1 high-speed EDUs. The light-duty pickup truck, built entirely by AAM engineers from a production ICE platform, features a single 150kW EDU driving the front wheels and a 425kW e-Beam in the rear.
AXLE shares grabbed 12 cents, or 1.4%, to $8.52.
