The investment round of $2.5 billion comes as the electric vehicle startup retools its factory to produce its three electric vehicles starting in 2021.
Hyundai has shipped the first 10 of its Xcient Fuel Cell trucks to Switzerland, which will be available for lease through H2 Energy with no initial investment for fleet customers.
While the Endurance launch event offered more big-picture proclamations than actual truck specs, Lordstown CEO Steve Burns pointed out one reason why an all-electric pickup will be so tantalizing for fleets.
The new California Air Resources Board standard mandates that by 2045, every new truck sold in California will be zero-emission.
Lordstown Motor Corp.’s CEO Steve Burns said preorders from commercial and fleet customers for the all-electric Endurance pickup exceed the company’s production capacity of 20,000 units for 2021.
Results of a study by electric utilities in Washington, Oregon, and California call for the installation of charging sites along the I-5 for medium- and heavy-duty electric trucks to reduce pollution caused by freight transport along the Pacific Coast.
Tesla shares topped $1,000 for the first time on June 10, as reports surfaced that the company is pushing to ramp up production of its electric heavy-duty Semi truck.
Electric-truck maker Nikola has officially merged with VectoIQ Acquisition Corp., becoming a Nasdaq publicly traded company, and announced plans to purchase equipment to create new hydrogen fueling infrastructure.
The number of models of zero-emission trucks, buses, and off-road equipment is expected to double between the end of 2019 and 2023, according to a new analysis by Calstart.
Nikola and Ryder have mutually agreed to end their exclusive partnership on Nikola’s hydrogen electric Class 8 trucks, allowing Nikola to work with major truck dealerships to sell and service Nikola trucks.