electric truck
Nikola Founder Trevor Milton to Give 50 Employees $233 Million of His Stock
Nikola Founder Trevor Milton speaks to TT Newsmakers host Dan Ronan for an episode called "The Evolution of Electric Trucks." (Transport Topics)
Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.
August 27, 2020Lordstown Motors Goes Public Following Reverse Merger
The Lordstown Motors Endurance electric pick-up is seen at a launch event in Ohio on June 25. (Tony Dejak/Associated Press)
Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.
August 3, 2020Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out
Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. (Demetrius Freeman/Bloomberg News)
Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.
June 9, 2020Electric Truck Integration Poses Challenges for Fleets, Study Shows
An eCascadia from DTNA's Freightliner brand, operated by NFI. (Daimler Trucks North America)
Many fleets are looking to integrate electric trucks into their operations but are stymied by a series of obstacles that will slow the shift from diesel vehicles.
May 11, 2020Amazon Plans 100,000-Electric-Vehicle Order From Rivian
Patrick T. Fallon/Bloomberg News
Amazon will buy 100,000 electric vans to assist with Prime deliveries, according to CEO Jeff Bezos, who made the announcement at the National Press Club in Washington on Sept. 19.
September 19, 2019San Diego Rolls Out $107.4 Million for Large Vehicle Charging Stations
San Diego Gas & Electric
The California Public Utilities Commission has approved a program that will see San Diego Gas & Electric build 3,000 electric vehicle charging stations for medium- and heavy-duty vehicles including school buses, delivery trucks and forklifts, and SDG&E customers will be the ones to pay for it.
August 20, 2019Electriphi App Addresses Fleets' Transition to Electric Vehicles
Electriphi Inc., an electric vehicle fleet and energy management company, launched its Fleet Electrification Planning Tool, a web-based application that lets fleet managers break down factors affecting operations, fueling and infrastructure for light-, medium- and heavy-duty electric fleets.
June 21, 2019Germany’s First ‘Electric’ Highway Charges Trucks as They Drive
Sean Gallup/Bloomberg News
Germany opened the first stretch of a so-called electric highway that will connect hybrid trucks to overhead wires, allowing them to recharge while traveling on the country’s main transportation arteries.
May 13, 2019Suppliers Take Path to Alternative Powertrains
An X15 Cummins engine on display at an industry show this March. (John Sommers II for Transport Topics)
With interest in alternative powertrains heating up, a mix of suppliers and original equipment manufacturers discussed in their latest earnings reports how they are preparing to help customers who face more options than ever.
May 7, 2019Amazon Leads $700 Million Investment in Electric Car Maker Rivian
Model of an electric Rivian truck. (Patrick T. Fallon/Bloomberg News)
Amazon.com led a $700 million equity investment in Rivian Automotive, the electric pickup and SUV maker preparing to deliver its first vehicles next year.
February 15, 2019