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Nikola Backer Luxor Invests in European Electric Truck Startup

Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.

January 27, 2021

Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024

Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.

January 27, 2021

U.S. Xpress Latest to Invest in TuSimple

U.S. Xpress Enterprises Inc. announced it made a “significant†investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.

January 26, 2021

EV Charging Firm FreeWire Closes $50 Million Funding Round

FreeWire Technologies Inc., an electric vehicle charging and power startup, has raised $50 million in a Series C funding round.

January 26, 2021

DTNA, SoCal Edison, Schneider Cooperate on Electric Truck Expansion

Daimler Trucks North America announced Southern California Edison, the primary electricity supply company for much of Southern California, used a Freightliner eCascadia from DTNA to deliver an electrical transformer to a Schneider terminal in Los Angeles.

January 25, 2021

SPAC Boom Propels EV Makers to Public Markets

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

January 22, 2021

Lightning eMotors Expands Manufacturing Footprint

Lightning eMotors, a provider of electric powertrains for a range of commercial vehicles, announced it is adding 107,000 square feet to the footprint of its headquarters in Loveland, Colo.

January 22, 2021

EV Mania Propels Record Legacy Automaker Gains in 2021

Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.

January 21, 2021

Biden Unveils Sweeping Climate Plan, Moves to Rejoin Paris Pact

President Joe Biden signed sweeping actions to combat climate change hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge.

January 20, 2021

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

January 20, 2021