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Volvo Trucks launches range of Electric Trucks for European Market

5Nov By AdityaNo Comments

Automobile

Volvo Trucks launches range of Electric Trucks for European Market

GOTHENBURG, Sweden, Nov. 5, 2020-- In 2021, Europe will be able to order all-electric versions of Volvo's heavy-duty trucks. Volvo Trucks' massive drive towards electrification marks a major step forwards on the road to fossil-free transport. Volvo Trucks is now running tests of the electric heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks, which will be used for regional transport and urban construction operations in Europe. These trucks will have a gross combination weight of up to 44 tonnes. Depending on the battery configuration the range could be up to 300 km. Sales will begin next year and volume production will start in 2022. This means that from 2021 onwards Volvo Trucks will sell a complete range of battery-electric trucks in Europe for distribution, refuse, regional ...

Nikola Receives 2,500 Electric Waste Truck Orders From Republic Services

11Aug By AdityaNo Comments

Automobile

Nikola Receives 2,500 Electric Waste Truck Orders From Republic Services

Order includes 2,500 electrified chassis, with the option to increase the order up to 5,000 unitsLargest single order in the waste industry and signals Republic Services' commitment to zero-emission vehiclesOn-road testing likely to begin in early 2022, with full production shortly afterThe truck chassis and body will be provided directly to Republic Services from the Nikola factoryThe electric platform is expected to offer up to 150 miles and 1,200 cans on a single chargeZero-emission trucks expected to outperform diesel or natural gas options in horsepower and torqueWill result in a much quieter and emission-free refuse collection experience PHOENIX, Aug. 10, 2020 -- Nikola Motor announces a minimum order of 2,500 electrified refuse trucks from Republic Services, expandable up to 5,00...

Elon Musk-led SpaceX Raises Another $100M

28Nov By reutersNo Comments

News

Elon Musk-led SpaceX Raises Another $100M

Elon Musk-led SpaceX has raised $100 million by selling shares, in an extension to a financing round earlier this year that raised up to $350 million, a regulatory filing showed on Monday. SpaceX’s funding round in July had valued the rocket maker at about $21 billion, according to news reports. In May, Space Exploration Technologies Corp launched its first satellite for the U.S. military with its Falcon 9 rocket, breaking a 10-year monopoly held by a partnership of Lockheed Martin and Boeing. The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024. Besides SpaceX, Musk also leads electric car maker Tesla Inc.

Tesla’s Unfettered Ambition Will Drain Finances: Analysts

18Nov By reutersNo Comments

ANALYSIS

Tesla’s Unfettered Ambition Will Drain Finances: Analysts

Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday. Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. The first 1,000 cars will cost $250,000 each, paid in full upfront, with later models starting at $200,000. Those deposits would put $250 million into Tesla’s cash drawer today for a car that is likely to go into production in 2020. Musk did not offer details about how Tesla would generate additional funds to...

Tesla Unveils Electric Big-Rig Truck In Midst Of Model 3 Factory ‘Hell’

17Nov By reutersNo Comments

News

Tesla Unveils Electric Big-Rig Truck In Midst Of Model 3 Factory ‘Hell’

[dropcap]T[/dropcap]esla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles in front of an invited crowd of what Tesla said were potential truck buyers and Tesla car owners. Musk has described electric trucks as Tesla’s next effort to move the economy away from fossil fuels through projects including electric cars, solar roofs and power storage. Some analysts fear the truck will be an expensive distraction for Tesla, which is burning cash, has never posted an annual profit, and is in self-described “manufacturing hell”...