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Workhorse Group Latest Electric Truck Maker Under SEC Scrutiny
Thursday, September 2, 2021 - 10:35am | 808Troubled electric delivery van manufacturer Workhorse Group is the subject of a Securities and Exchange Commission probe, the latest electric truck company drawing scrutiny over short-seller allegations of shady business practices. The investigation surfaced Wednesday as part of a report by Fuzzy...
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ACT Expo: Peterbilt's Math Lesson And Volvo's Big Day
Wednesday, September 1, 2021 - 10:31am | 1410A reporter's notebook from the Advanced Clean Transportation Expo in Long Beach, California Like coins dropped into a jar at the end of the day, the number of heavy-duty electric trucks continues to grow by nickels, dimes, and quarters. But measuring success requires more than counting up pocket...
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ACT Expo: California Subsidies Make Battery-Electric Trucks A Sweet Fleet Deal
Tuesday, August 31, 2021 - 12:30pm | 1016LONG BEACH, Calif. — Schneider National Inc. liked its experience with one Freightliner eCascadia so much that it has ordered 50 of the battery-electric trucks, the biggest single purchase of the zero-tailpipe-emission tractors to date. The Green Bay, Wisconsin-based for-hire carrier is getting a...
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Texas-Size Investment Welcomes Gatik To Lone Star State
Tuesday, August 31, 2021 - 10:37am | 1741After successfully operating three high-profile tests of its technology, middle-mile autonomous vehicle startup Gatik is going big — as in Texas-size big. On Tuesday morning, Gatik announced that it had raised $85 million in a Series B funding round and that it would begin operations in the Lone...
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Capturing Carbon From Semi Trucks — Net-Zero Carbon
Monday, August 30, 2021 - 1:43pm | 244Norfolk Southern isn't just in the business of moving freight, they're in the business of a better planet. To learn more about Norfolk Southern's industry-leading sustainability initiatives, go to nscorp.com/betterplanet. FreightWaves Director of Carbon Intelligence Tyler Cole looks into the...
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Breaking: Amazon-Backed Rivian Files For $80B IPO
Friday, August 27, 2021 - 12:19pm | 741Electric vehicle maker Rivian has confirmed it has filed confidentially with the Securities & Exchange Commission for an initial public offering that could value the company at $80 billion, according to reports. "The size and price range for the proposed offering have yet to be determined,"...
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Port Of Oakland Tests Drayage With Class 8 Peterbilt Electric Trucks
Monday, August 23, 2021 - 4:33pm | 758Ten Class 8 Peterbilt Model 579EVs running drayage in the Port of Oakland illustrate two facts of heavy-duty electrification: Class 8 Battery-electric trucks are for real. They only work where infrastructure is in place to charge them. Shippers Transport Express (STE) has both working for it in...
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Nvidia Delivered But Its Crypto Product Fell Short
Friday, August 20, 2021 - 9:57am | 782On Wednesday, Nvidia (NASDAQ: NVDA) reported its second-quarter earnings and succeeded in beating Wall Street estimates on the back of strong graphics card sales. However, its cryptocurrency chip product, CMP, had lower sales than Nvidia itself had predicted in May. Still, shares were up 2% upon...
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Endurance Electric Pickup Is Coming
Monday, August 16, 2021 - 10:06am | 751On Wednesday, Lordstown Motors Corporation (NASDAQ: RIDE) reported a second-quarter loss, confirming it will begin limited production of its Endurance pickup truck by the end of September. Shares rose 4.7% in after-hours trading. Q2 Figures The second quarter resulted in a loss exceeding $108...
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$500M STEER Act Could Help Bridge Gap To Zero-Emission Trucks
Thursday, August 12, 2021 - 10:37am | 996As the Biden administration moves quickly to promote zero-emission trucks, new legislation will take a more conservative approach that supporters say would help the industry cut emissions even sooner. The Supporting Trucking Efficiency and Emission Reductions (STEER) Act, expected to be formally...
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Renault Is Going After China
Tuesday, August 10, 2021 - 10:05am | 831French group has signed its first big deal since exiting its main joint venture last year. On Monday, Renault (OTC: RNLSY) revealed it will partner with Geely Automobile Holdings Limited (OTC: GELYF), the Chinese owner of Sweden's Volvo Cars, to tap into China's rapidly growing electric car...
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Workhorse Reviews Electric Van Designs, Distances Itself From Lordstown Motors
Monday, August 9, 2021 - 1:26pm | 989Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production. In many ways, the Workhorse (NASDAQ: WKHS) earnings report for the April to June...
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Milton's Sell-Off: Indicted Nikola Founder Dumps 7M Shares, Transfers 600,000 Others
Monday, August 9, 2021 - 12:17pm | 919Indicted Nikola Corp. founder Trevor Milton sold 7 million of his 79 million shares in the electric truck startup last week, pulling in $71.5 million that he may need for his legal fight against federal fraud charges. Separately, Bloomberg reported Milton has hired two lawyers who defended Tesla...
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Hyliion Plans Bigger Battery To Stay Relevant In Electric Truck Race
Thursday, August 5, 2021 - 5:04pm | 1244At risk of ceding ground in the race to battery-electric trucks, Hyliion Holdings will launch its natural gas generator-powered hybrid powertrain with 75 miles of electric range, enough to qualify the Hypertruck ERX for zero-emission credits in California. "We saw it as a way that we can be...
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Hot Freight Opinions: Reaction To Trevor Milton's Criminal Charges
Thursday, August 5, 2021 - 10:41am | 735A week ago, Nikola founder Trevor Milton was charged by the U.S. attorney's office in Manhattan with three counts of fraud in connection with the investigation into the electric vehicle startup. Milton says he is not guilty, but Nikola immediately distanced itself from the negative news. We asked...