First Mode announces a strategic alliance with Mitsui & Co., Ltd, ("Mitsui") to accelerate heavy industry's adoption of low-carbon and zero-emissions product solutions at scale. First Mode's considerable expertise in powertrain systems electrification and hydrogen technologies, coupled with Mitsui's global business network, will uniquely equip the alliance to explore new business opportunities that catalyze the integration of First Mode's Path to Zero? product line into previously hard-to-abate sectors like mining.

In mining, a typical heavy-haul truck burns about 1 million liters of diesel fuel per year and remains in continuous operation for 10-15 years. Across First Mode's customer market, over 13,000 of these trucks are in global operation, releasing 35 million metric tons of carbon dioxide annually ? the equivalent emissions of 8 million passenger cars per year.