battery-electric trucks

Volvo’s fuel cell truck advances but battery-electric is biggest push

HALLERED, Sweden — The plume of white smoke from Volvo’s fuel cell truck matched the white clouds in the Scandinavian sky. Stand too close and you feel the descending mist of water vapor.

The hydrogen tanks sweat just droplets at first. Then comes the release of about a liter of water, approximately the amount the 100-kilowatt fuel cell produces per kilometer traveled.

On a spin around the track at Volvo’s high-security proving ground about an hour east of its Gothenburg headquarters in southern...

https://www.freightwaves.com/news/volvos-fuel-cell-truck-advances-but-battery-electric-is-biggest-push

3rd Nikola battery-electric truck catches fire

A third Nikola battery-electric truck caught on fire in Arizona, but the company said the recalled trucks are still safe to drive with precautions including parking outside and away from structures and leaving the main battery disconnect switch in the “on” position until the truck is repaired.

The fire on Monday at Arizona Lithium in Tempe started in the battery pack where fires in June and August also originated. No injuries have been reported in any of the fires.

Nikola recalled 209 Tre battery...

https://www.freightwaves.com/news/3rd-nikola-battery-electric-truck-catches-fire

Nikola gets an electric truck order from J.B. Hunt

J.B. Hunt Transport is ordering 13 battery-electric and hydrogen-powered fuel cell trucks from Nikola. The purchase boosts the startup’s prospects in a critical week for the company.

The 10 battery electric trucks help Nikola reduce inventory. The hydrogen-powered fuel cell truck order allows Nikola to grow its order book for the zero-emission trucks. 

Company shares (NASDAQ: NKLA) rose about 16% intraday to $2.64 a share. As recently as June 6, shares traded below $1 and Nikola faced the threat...

https://www.freightwaves.com/news/nikola-gets-an-electric-truck-order-from-jb-hunt

Fire-damaged Nikola electric truck reignites; will a recall follow?

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A Nikola battery-electric truck severely damaged in a fire at the company’s Phoenix headquarters...

https://www.freightwaves.com/news/fire-damaged-nikola-electric-truck-reignites-will-a-recall-follow

Nikola cashes out European JV and refocuses on fuel cells at home

Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders.

The end of the joint venture, formed in 2019 when CNH Industrial invested $250 million in cash and partial ownership of a plant in Ulm, Germany, far from ends the relationship.

Iveco gets a license to keep developing...

https://www.freightwaves.com/news/nikola-cashes-out-european-jv-and-refocuses-on-fuel-cells-at-home

NACFE lays out progression to hydrogen fuel cell trucks

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Hydrogen-powered fuel cell trucks are the only long-term zero-emissions technology suitable for...

https://www.freightwaves.com/news/nacfe-lays-out-progression-to-hydrogen-fuel-cell-trucks

Nikola matures as an electric truck manufacturer

COOLIDGE, Ariz. — Electric truck and hydrogen maker Nikola Corp.’s financial struggles — a  near-record-low stock price, weak cash position and inability to access reasonably priced capital — feed legitimate concerns about its survival. But visit the plant about an hour east of Phoenix and you come away with a different take.

First, the L-shaped production line is full across all 15 assembly stations. Nikola is capable of building five or six Class 8 battery-electric vehicles (BEVs) a day....

https://www.freightwaves.com/news/nikola-matures-as-an-electric-truck-manufacturer

How dire are electric truck maker Nikola’s finances?

Nikola Corp. maintains it has enough liquidity to fund the next year of building electric trucks and developing a hydrogen fueling business. But its auditor disagrees, leading to the company’s notice of going concern with the Securities and Exchange Commission.

“If capital is not available to the company when, and in the amounts needed, the company could be required to delay, scale back, or abandon some or all of its development programs and operations, which could materially harm the company’s...

https://www.freightwaves.com/news/how-dire-are-electric-truck-maker-nikolas-finances

Nikola says it may run out of money in next 12 months

Nikola Corp. said in a government filing Thursday that it may run out of money in the next 12 months and have to “modify or terminate” its business.

The startup booked $6.5 million in revenue in the fourth quarter. But the cost of those sales was more than seven times the revenue generated. Such is the life of a startup trying to launch battery-electric vehicles (BEVs) and fuel cell-electric Class 8 trucks and simultaneously start a hydrogen production, distribution and sales business.

While the...

https://www.freightwaves.com/news/nikola-books-q4-revenue-but-it-was-really-expensive

Twisting Torc Robotics toward autonomous commercialization

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When Michael Fleming decided in August to hand over the CEO role at Torc Robotics, it appeared...

https://www.freightwaves.com/news/twisting-torc-robotics-toward-autonomous-commercialization

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