Yard truck maker Orange EV announced Aug. 4 that it has secured $35 million from S2G Ventures — its first large outside investor.
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TA Reports Strong Q2 Net Income, Revenue
TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.
August 3, 2022Nikola Overcomes Founder’s Opposition to Approve New Shares
Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.
August 3, 2022Volvo Plans to Make Its Own Batteries in Electric Truck Shift
Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.
August 3, 2022Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans
A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.
August 2, 2022Alaskans Help State Officials Prepare for EV Charging
The Alaska Energy Authority is working to overcome public perception barriers of cold climate performance, driving range anxiety and high electricity demand charges in its electric vehicle infrastructure push.
August 2, 2022Mack Trucks Introduces First EV Dealer for New York
Gabrielli Truck Sales has become Mack Trucks’ first certified electric vehicle dealer in New York, it was announced July 28.
August 2, 2022Nikola Buys Battery Maker Romeo Power
Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.
August 2, 2022Musk-Twitter Trial to Start Oct. 17
Twitter Inc.’s lawsuit against Tesla CEO Elon Musk over a canceled $44 billion buyout of the social media platform is set for a five-day trial starting Oct. 17 in Delaware, a judge ruled.
July 29, 2022The Glider Truck Is Gone, but Not Forgotten
In its heyday, Fitzgerald Glider Kits was the nation’s top glider truck manufacturer, building and selling thousands of the new truck cab bodies powered by older rebuilt engines.
July 28, 2022