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Janus Electric Holdings Limited (ASX:JNS)

ALERT: Price-sensitive ASX Announcement for JNS
Current share price for JNS : $0.290 0.135 (87.10%)+
Announcement
Release
16 Jul 2026 9:36AM
Price at Release
$0.155
Full Release
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Summary
Janus Electric Holdings Limited has announced securing approximately A$45 million in new orders from four new fleet operators in the United States, significantly expanding its North American order book. These orders, comprising 67 diesel-to-electric truck conversions, 77 swappable battery sets, and four Janus Charge & Change Stations, are conditional upon the successful application for California state incentives. These incentives are critical in making the conversions economically feasible for operators such as Golden State Express, WEHACO, Tradelink Transport, and King Fio Trucking, who already have experience in operating battery-electric trucks. The orders increase Janus Electric's US conversion projects to 87, with plans for manufacturing and delivery slated to begin in late 2026. This expansion is part of the company's strategic growth initiatives across key markets.
Key Points
  • Janus Electric Holdings Limited (ASX: JNS) secures approximately A$45 million in new orders from four US fleet operators.
  • The orders are from Golden State Express, WEHACO, Tradelink Transport, and King Fio Trucking for 67 diesel-to-electric truck conversions.
  • The US order book for Janus Electric expands from 20 to 87 conversions, increasing the North American order book to 112.
  • California incentives play a crucial role in making the conversion economically viable for fleet operators.
  • The orders include 77 swappable battery sets and four Janus Charge & Change Stations.
  • The new customers are experienced in battery-electric operations, further validating Janus Electric's conversion platform.
  • The conversion projects are conditional upon successful application for various California incentive programs.
  • Manufacturing and deliveries for these orders are set to start in the fourth quarter of 2026 and continue into 2027.
  • These transactions align with Janus Electric's Three-Horizon Growth Strategy, focused on expansion in core markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.