Nikola
Daily Infographic: Girsky’s goal at Nikola: Don’t ‘screw up the momentum’
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Newsom leans toward allowing autonomous trucking in California
“And as the years go by
Our friendship will never die
You’re gonna see it’s our destiny
You’ve got a friend in me” — Randy Newman
The battle over whether to allow heavy-duty autonomous trucks on highways in California is coming to an end. It would be premature to call the outcome, but Gov. Gavin Newsom is lining up behind advanced technology over organized labor. Both are major constituent groups of the Democratic governor.
Assembly Bill 316 would effectively kill autonomous testing and...
https://www.freightwaves.com/news/newsom-leans-toward-allowing-autonomous-trucking-in-california
Nikola’s energy president resigns
Carey Mendes, who led the branding of Nikola Corp.’s hydrogen business and signed a deal to get financing for up to 50 hydrogen fueling stations, has resigned from the electric truck and hydrogen distribution developer.
The company announced the departure in a one-sentence filing with the Securities and Exchange Commission on Friday. Nikola did not publicly name a successor.
Mendes became president of energy less than a year ago. He joined the electric truck and hydrogen distributor as the global...
https://www.freightwaves.com/news/nikolas-energy-president-resigns
Who wants a piece or two of Proterra?
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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...
https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra
Another electric transportation startup may hang a ‘For Sale’ sign
Lightning eMotors is asking shareholders to agree to authorize 20% more stock to boost its dwindling supply of cash. Otherwise, the bus, shuttle van and work truck maker may put itself up for sale or be forced into bankruptcy.
“We continue to explore all options and have been working with financial advisers to support a recapitalization and/or sale of the business,” co-founder and CEO Tim Reeser said on a second-quarter earnings call with analysts Monday.
Shareholders vote Aug. 24 on whether to...
https://www.freightwaves.com/news/another-electric-transportation-startup-may-hang-a-for-sale-sign
Nikola will recall 209 battery-electric trucks following 2 fires
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Nikola will recall approximately 209 Class 8 battery-electric vehicles (BEVs) and temporarily halt...
https://www.freightwaves.com/news/nikola-will-recall-209-battery-electric-trucks-following-2-fires
Cash-poor transportation startups gambling for fresh capital
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As transportation and electrification startups struggle to raise capital, they are increasingly...
https://www.freightwaves.com/news/cash-poor-transportation-startups-gambling-for-fresh-capital
Proterra won’t fight Nasdaq delisting following bankruptcy filing
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Electric bus and battery maker Proterra Inc. won’t fight its Aug. 17 delisting from the Nasdaq as it...
https://www.freightwaves.com/news/proterra-wont-fight-nasdaq-delisting-following-bankruptcy-filing
Volvo, Mack replacing batteries on electric trucks because of fire risk
Volvo Trucks North America and Mack Trucks are recalling nearly all the battery-powered electric trucks made over the past four years because of an issue that can cause a battery fire.
The recall is the fourth for the trucks since they entered series production in 2022. The latest recall affects 173 Volvo and nine Mack vehicles built between April 1, 2019, and Feb. 10, 2023.
Battery-powered electric trucks are still relatively new on the market. Some of the issues are consistent with new...