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Nikola Pilot Plant To Speed Electric Truck Production
Thursday, July 23, 2020 - 11:57am | 925Nikola Corp. (NASDAQ: NKLA) will assemble electric trucks in a pilot plant on its 1-million square-foot manufacturing site in Arizona while plant construction proceeds in phases. "It will be a hand-built, very, very low volume, very slow build," Nikola global head of manufacturing Mark Duchesne...
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Electric Truck Maker Rivian Secures $2.5B In New Financing
Friday, July 10, 2020 - 4:08pm | 762Electric truck and SUV maker Rivian has secured $2.5 billion in new financing Analysts: "The days of Tesla's virtually unchallenged dominance may be numbered." Amazon has ordered 100,000 Rivian electric delivery vans Rivian has secured $2.5 billion in new financing, the electric truck maker...
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Electric Truck Story Stocks Drive Market Enthusiasm
Friday, July 10, 2020 - 3:45pm | 1603Talk about a V-shaped recovery. Shares of electrification startup Nikola Corp. (NASDAQ: NKLA) experienced the bounce back this week that few still predict for the nation's economy following the COVID-19 pandemic. Storytelling, more than products and revenue, is stoking market enthusiasm for...
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FCCC Debuts Electric Chassis At Work Truck Show; Utilimaster Shows New Class 3 Van
Tuesday, March 10, 2020 - 2:50pm | 1565The NTEA Work Truck Show in Indianapolis is the place where those who work in construction and other vocational trades gather. As the name implies, it is a showcase for all things "work truck." But the show also brings together a large following of last-mile and delivery services executives, and...
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FedEx To Electrify 42 Stations In California
Tuesday, March 3, 2020 - 5:11pm | 353Through an agreement with Chanje Energy, FedEx Corporation (NYSE: FDX) plans to electrify 42 stations in California, making it one of the largest deployments of charging infrastructure by a single commercial fleet to date. "We believe this will be a game-changer," said Mitch Jackson, FedEx chief...
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Fuel Cell Class 8 Startup Nikola Going Public With $3.3 Billion Valuation
Tuesday, March 3, 2020 - 12:49pm | 351Fuel cell Class 8 truck startup Nikola Corp. will become a public company with a $3.3 billion valuation in a merger with VectoIQ (NASDAQ: VTIQ), a startup holding company run by long-time Wall Street deal maker and former General Motors Co. Vice Chairman Steve Girsky. Nikola will get $525 million...
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Emerging Companies That Have The Power To Change The World
Monday, March 2, 2020 - 10:03am | 1071Amid growing concerns of a global COVID-19 pandemic, global markets have shared extreme volatility. All major indices are in correction territory. As surely as COVID-19 will pass, new fortunes will be made by investors who look ahead. Emerging technology companies, however, continue to innovate and...
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TMC20: Penske Buys Three Class 8 Electric Hybrids From Hyliion
Monday, February 24, 2020 - 2:03pm | 560With most of the attention in green trucking going to fully electric powertrains, diesel-electric hybrids don't get much notice. Here's an exception – Hyliion Inc., a leader in upfitting Class 8 trucks to run on dual fuel sources, will provide three of its 6X4HE heavy-duty models to Penske Truck...
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TMC20: NACFE Kicks Off 3-Year Regional-Haul Truck Electrification Research Project
Monday, February 24, 2020 - 12:26pm | 1067As focus begins to center on regional-haul trucks as the best early fit for electrification, the North American Council for Freight Efficiency (NACFE) has announced a three-year research effort in this area. The group made the announcement Sunday at the American Trucking Associations' Technology...
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Heavy-Duty Electric Truck Driver Ditches Diesel
Monday, February 24, 2020 - 10:21am | 1100Over two decades and 2 million miles, Karl Williams has driven practically every diesel-powered truck brand on the road. Now behind the wheel of an electric-powered rig, he relishes keeping his place in stop-and-go traffic and misses neither the engine clatter nor the smell of diesel fuel. "I...
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Why Electrify Diesel Trucks?
Thursday, February 20, 2020 - 11:38am | 96To learn more about how electrification advances can benefit your business, visit blackburnenergy.com. Image by RENE RAUSCHENBERGER from Pixabay
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Grupo Bimbo Builds 100 Electric Trucks, Adds 41 Hybrid Vehicles Into Fleet
Thursday, February 20, 2020 - 10:43am | 498Mexico City-based Grupo Bimbo recently incorporated 100 electric trucks and 41 hybrid vehicles into its domestic delivery fleet. Grupo Bimbo is the world's largest baking company, with more than 100 locations in 17 countries across North, Central and South America, as well as Asia. "If we want a...
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Are Electric Powertrains The Future Of Commercial Vehicles?
Monday, February 10, 2020 - 12:20pm | 912The clout of electric powertrains is growing within the commercial freight mobility space, as economies of scale and market demand are helping the electric vehicle (EV) segment drop equipment costs to levels comparable to that of conventional powertrains. In North America, the relevance of electric...
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Meritor Wins Heavy-Duty Truck Electrification Business From PACCAR
Friday, January 31, 2020 - 10:15am | 642Meritor Inc. (NYSE: MTOR) will provide integrated electrification on PACCAR Inc. (NASDAQ: PCAR) heavy-duty trucks as more of its traditional business evolves to battery-powered trucks. The nonexclusive supply agreement for the Kenworth T680 and Peterbilt 579 and 520 battery-electric refuse and...
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Honda And Isuzu Will Work Together On Fuel Cell-Powered Electric Trucks
Wednesday, January 15, 2020 - 4:33pm | 591Honda R&D Co. Ltd. (NYSE: HMC) and Isuzu Motors Ltd. (OTC: ISUZY) will jointly research hydrogen-powered fuel cell heavy-duty electric trucks as Honda makes its fuel cell expertise available to an outside company for the first time. A joint press release on Wednesday offered few details of the...