fuel cell electric trucks

SEC smackdown and SuperTruck news overwhelm convention dispatches  

The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans.

The Securities and Exchange Commission in Washington is as good a starting point as any.

Lordstown Motors gets an SEC comeuppance

Nearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose...

https://www.freightwaves.com/news/sec-smackdown-and-supertruck-news-overwhelm-convention-dispatches

Diesel distancing propels alternative fuel options

Renewable natural gas, battery-electric and hydrogen-powered trucks all target fleets switching from diesel ahead of coming regulations requiring costly additional emissions after-treatment. Which alternative will win? Possibly all of them.

Vouchers make first Nikola fuel cell trucks ‘cheaper than a diesel’

Back in 2018, Anheuser-Busch placed an initial order for up to 800 Nikola fuel cell trucks. Ever so slowly, that is becoming a reality.

After numerous missteps and setbacks, Nikola produced 42...

https://www.freightwaves.com/news/diesel-distancing-propels-alternative-fuel-options

Hydrogen rises at CES

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In an event ruled by battery-electric trucks, hydrogen made a splash at the Advanced Clean...

https://www.freightwaves.com/news/hydrogen-rises-at-ces

Exclusive: Nikola CEO Girsky upbeat despite myriad challenges

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In his career as a Wall Street analyst, an adviser to the United Auto Workers and a vice chairman of...

https://www.freightwaves.com/news/exclusive-nikola-ceo-girsky-upbeat-despite-myriad-challenges

Fuel cell-powered mining trucks next up for GM Hydrotec

An array of fuel cell power cubes from General Motors will power Komatsu’s massive off-roading mining trucks by mid-decade — each operating with more than 2 megawatts of hydrogen power.

The use of multiple fuel cells to provide power to the massive off-highway Komatsu’s 930E electric drive mining truck is an ideal use case for fuel cells, whose only emission is water vapor. The Komatsu model is the world’s bestselling ultra-class haul truck. 

GM and Komatsu will jointly design and validate the...

https://www.freightwaves.com/news/fuel-cell-powered-mining-trucks-next-up-for-gm-hydrotec

Investors pummel Nikola shares after new stock and debt sales

Investors dumped Nikola stock Friday after the electric truck maker priced the sale of 133.3 million new shares and sought to issue $175 million in new debt with an annual interest rate of 8.25%.

The new stock sale would raise to nearly 1 billion the number of outstanding shares in the company. Shareholders voted in August to double the number of authorized shares to 1.6 billion from 800 million, effectively agreeing to dilute the value of their holdings as new shares are issued.

The company...

https://www.freightwaves.com/news/investors-pummel-nikola-shares-after-new-stock-and-debt-sales

‘Ambitious dreamer’ Trevor Milton seeks probation instead of prison

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Trevor Milton’s lawyers portrayed the Nikola Corp. founder as “guileless” and well meaning in a...

https://www.freightwaves.com/news/ambitious-dreamer-trevor-milton-seeks-probation-instead-of-prison

Daimler Truck’s GenH2 sets single-hydrogen-fill run record

BERLIN — The hydrogen-powered Mercedes-Benz GenH2 fuel cell semi returned to the German capital where it was introduced as a prototype three years ago. This is time it completed a record 650-mile (1,047-kilometer) overnight journey on a single fillup of liquid hydrogen.

Traveling the autobahns from Woerth am Rhein, the home of Daimler’s massive truck manufacturing complex that produces 500 primarily diesel trucks a day, to the German capital proved far easier than the final mile. A large red...

https://www.freightwaves.com/news/daimler-trucks-genh2-sets-single-hydrogen-fill-run-record

Hyliion posts scant Q2 revenue but retains cash cushion

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Startup powertrain developer Hyliion Holdings has sufficient cash to run its business through 2024...

https://www.freightwaves.com/news/hyliion-posts-scant-q2-revenue-but-retains-cash-cushion

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

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