Romeo Power Inc. (NYSE: RMO), a battery maker for commercial electric vehicles, has completed its relocation from Vernon to its new 215,000 sq. ft. manufacturing center and headquarters in Cypress.
“With testing, engineering, design, quality, production, shipping and support services all in a single, state-of-the-art facility, we are well positioned for planned expansion into marine and industrial markets, improved operational efficiencies, and scaling of manufacturing and production,” said CEO Susan Brennan.
Shares in Romeo fell 3.9% to 50 cents apiece for a market cap of $75.6 million.
