Motor Oil's Automotive Solutions, the electric car brand, Maxus which was acquired last year from P. Petropoulos is proving a lottery ticket.
We are informed that the Chinese brand is making a splash in commercial vehicle sales, leading Automotive Solutions to second place in the market. Behind Opel.
Motor Oil executives are setting the bar even higher, aiming to top the market for electric commercial vehicles by 2025.
The electrification industry, a source familiar with it tells the column, has plenty of momentum and the business, which is coming, is big and plentiful. Both in the public and private sectors, and in the private sector.
Note that a minority shareholder in Automotive Solutions, but with a significant stake, is businessman and current president of ESEE, Stavros Kafounis.