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Workhorse Gets $200 Million To Advance Electric Van Production
Monday, October 12, 2020 - 2:52pm | 714Workhorse Group (NASDAQ: WKHS) is selling $200 million in new debt to build up cash it needs to increase production of its electric delivery vans. It is also converting a more expensive note to new stock. Issuing new debt is a common tactic for Workhorse. Borrowing costs less now because investors...
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Walmart Triples Tesla Semi Order In Canada
Tuesday, September 29, 2020 - 3:48pm | 556Walmart Canada has more than tripled its order for Tesla Semi trucks in a show of confidence for the all-electric heavy-duty vehicles and the ability of its maker to deliver them. The Canadian division of retailer Walmart, Inc. (NYSE: WMT) said Tuesday it reserved 130 of the trucks. Once in...
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Rivian Provides A New Teaser - But Can It Deliver?
Thursday, September 17, 2020 - 4:02pm | 868Last Thursday, Rivian published a short video on YouTube revealing its pre-production R1T electric pickup trucks are being assembled to be used for final testing. They will not be sold to customers. Rivian doesn't expect to start deliveries of the R1T June 2021, with the R1S SUV version...
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Nikola Will Truck Hydrogen To Stations When Electricity Costs Too Much
Thursday, September 17, 2020 - 3:44pm | 987As media coverage dies down on a short seller's report questioning Nikola Corp.'s integrity, company executives are making the rounds of analyst events. They are touting the startup electric truck maker's business case, including new details of its network of hydrogen stations. Nikola Corporation...
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Here's Where Electric Trucks Make Sense
Tuesday, August 25, 2020 - 11:06am | 1786If you operate a regional-haul trucking fleet in California or the Northeast, it's time to start considering electric trucks. That is a high-level takeaway from a new report released on Monday by the North American Council on Freight Efficiency (NACFE) and its project partner, the Rocky Mountain...
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What Happens In California Doesn't Stay In California
Friday, July 10, 2020 - 1:40pm | 1096After California approves the nation's first electric truck sales mandate, more states seek transition to zero-emission trucks Ten states have already adopted California's zero-emission sales mandates for cars and light-duty vehicles. Six Northeastern states, along with Oregon and California, to...
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Lordstown Motors Says First-Year Electric Pickup Build Is Sold Out
Thursday, June 25, 2020 - 2:38pm | 1306A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors Company (NYSE: GM) car plant to make full-size trucks. LMC revealed a prototype of its Endurance on...
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Mitsubishi Fuso Ending Truck Sales In US And Canada
Thursday, May 28, 2020 - 8:52am | 517Mitsubishi Fuso Truck of America (MFTA) will stop selling Class 4-5 medium-duty trucks in the U.S. and Canada when it runs out of inventory, but it will continue providing parts and service for customers through at least 2028. Mitsubishi Fuso Truck and Bus Corp. (MFTBC), which manufactures...
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Truck Maker BYD Rejects Suggestions Of Espionage
Monday, March 9, 2020 - 10:04am | 406Electric vehicle manufacturer BYD responded to assertions made at a Senate hearing last week that the company could combine technology with ties to the Chinese government to spy on Americans. Much of the hearing focused on BYD and railcar manufacturer China Railway Rolling Stock Corp. (CRRC),...
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How To Prepare Diesel Trucks For An Electric Future
Tuesday, February 25, 2020 - 2:46pm | 814The electronic logging device (ELD) mandate ushered the transportation industry into the digital era. Two years later, high-powered transportation management systems (TMS) and other technology-based solutions promising greater efficiency continue to flood the market. While technology provides...
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Today's Pickup: Even At A Maintenance Show, Connectivity And Electrification Dominate
Monday, February 24, 2020 - 12:53pm | 636Good day, The American Trucking Associations' Technology & Maintenance Council (TMC) annual meeting is taking place this week in Atlanta, and even at a show that has traditionally had a heavy maintenance focus, electrification remains the main topic. The North American Council for Freight...
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NFI Sees Explosive Growth For Its Class 8 Electric Truck Fleet
Monday, February 17, 2020 - 10:38am | 1205If the everyday use of electric trucks seems decades away, come to Chino, California, where zero-emission battery-powered Class 8 semis silently arrive and depart daily from NFI Industries bound for the ports of Los Angeles and Long Beach. Any day now, the last of 10 heavy-duty plug-in eCascadias...
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Electric Vehicle Interest, Options Grow Alongside Questions
Friday, February 14, 2020 - 10:14am | 1705The electrification of the transportation sector is not easy, and it is not something that industry needs governments to lead. But, a little help from state and local governments will go a long way toward moving electrification forward — wherever that leads. "This isn't something we need...
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PACCAR Aligns Kenworth And Peterbilt Electrification System Suppliers
Thursday, February 13, 2020 - 5:51pm | 642In a split decision, PACCAR Inc. (NASDAQ: PCAR) is counting on major automotive suppliers Dana Inc. (NYSE: DAN) and Meritor Inc. (NYSE: MTOR) for its medium- and heavy-duty electric trucks. Kenworth confirmed Wednesday that Meritor would provide the electric power system for the Kenworth T680E, a...
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Waiting On The Tesla Semi
Tuesday, February 11, 2020 - 10:14am | 454Tesla Inc (NASDAQ: TSLA) plans to put "limited volumes" of its heavy-duty truck on the road in 2020, CEO Elon Musk said during the company's earnings call last week, but faster production requires a massive ramping up in battery power. "That's part of the reason why we have not, for example,...