Startup truck manufacturer Nikola Corp. has secured a commitment of $250 million in funding from CNH Industrial N.V. — a leader in natural gas-powered trucks and buses and the parent company of Iveco trucks — in a move designed to accelerate the use of heavy-duty trucks that use battery-electric and fuel cell technologies in North America and Europe.
September 3, 2019Search
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Oculus Transport Gets C$45M Loan From Great Rock Capital
Great Rock Capital, a commercial finance company specializing in middle-market lending, lent C$45 million to Oculus Transport Ltd. of Calgary, Alberta.
August 30, 2019BYD Selects Milea Truck as NYC Dealer
BYD Motors Inc. announced Milea Truck Sales and Leasing as its fully authorized truck dealer to support the New York metropolitan area.
August 30, 2019Cummins, UC-San Diego to Study Reusing EV Batteries
Cummins Inc. on Aug. 27 announced a multiyear partnership with the University of California-San Diego and its battery validation lab.
August 27, 2019DOE Announces $59 Million for Vehicle Technology Research
The U.S. Department of Energy announced it is devoting $59 million to 43 projects that will explore advanced vehicle technology research.
August 27, 2019Nikola Receives $1.7 Million Research Grant From DOE
Nikola Motor Co. announced it has been awarded a $1.7 million grant by the U.S. Department of Energy to advance research into fuel cell membrane electrode assembly.
August 26, 2019Traffic Getting Worse Amid Good Economy, Report Finds
Traffic across the country continues to worsen as the economy remains strong, according to the Texas A&M Transportation Institute’s recently released 2019 Urban Mobility Report.
August 26, 2019Wisconsin Utility Offers Cash for Electric Vehicle Drivers Who Join Lyft
MADISON, Wis. — Madison Gas & Electric is partnering with Lyft to promote the use of electric vehicles.
August 22, 2019First Electric Freightliner eCascadia Models Enter Freight Operations at NFI, Penske
YOUNTVILLE, Calif. — Daimler Trucks North America has handed over its first two battery-electric Freightliner eCascadia models to NFI and Penske Truck Leasing for use in their daily freight operations.
August 22, 2019San Diego Rolls Out $107.4 Million for Large Vehicle Charging Stations
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, 2019