Ree Automotive

Reverse stock splits: Often a path to oblivion

The reverse stock split, a form of financial engineering that artificially boosts a company’s stock price, often sounds a death knell, especially for startups that exhausted funds in mergers with special purpose acquisition companies.

The widespread carnage of failed advanced technology startups, especially in electrification and autonomy, is remarkable. With a few exceptions, companies opting for a reverse split end up on a path to oblivion.

All hat, no cattle

According to the independent Financia...

https://www.freightwaves.com/news/reverse-stock-splits-often-a-path-to-oblivion

Are hydrogen combustion engines delayed or DOA?

Guidehouse Insights has published an extensive report on the global prospects for internal combustion engines powered by hydrogen. You can spend $3,950 to buy the full report and its 43 charts tracking markets for H2 ICE. Or, you can read one of the author’s perspectives below.

Hydrogen ICE study: Not that great a solution

Except for some vocational use cases in North America, a forgiving regulatory environment in Europe and a drive for energy independence in India, the idea of using gaseous or...

https://www.freightwaves.com/news/are-hydrogen-combustion-engines-delayed-or-doa

What does proposed China component ban mean for autonomous trucks?

Autonomous trucking developers knew the Commerce Department was on the cusp of slamming the door on certain Chinese components. In fact, this week’s preliminary rule came later than expected. Now they have to sort out what it means.

So far, they don’t have much to say. Of the leading driverless trucking companies – two of which could launch before the end of the year – only one, Plus, offered substantive comment. Others demurred or pointed to a less-than-substantive statement from the Autonomous...

https://www.freightwaves.com/news/what-does-proposed-china-component-ban-mean-for-autonomous-trucks

IAA 2024: Daum’s legacy – a stand-alone Daimler Truck

The Sept. 4 news release announcing Martin Daum’s successor as Chair and CEO of Daimler Truck didn’t precisely say the legendary trucking industry executive was retiring.

This week at the IAA Transportation truck exhibition, Daum definitively answered the question. He’s done at the end of the year.

The Sept. 4 news release announcing Martin Daum’s successor as Chair and CEO of Daimler Truck didn’t precisely say the legendary trucking industry executive was retiring.

This week at the IAA...

https://www.freightwaves.com/news/iaa-2024-daums-legacy-a-stand-alone-daimler-truck

Workhorse on the bubble, or is it worse?

Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire.

Layoffs and furloughs

Workhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work. 

The company is choked with inventory. It has less than $7 million in cash on the books and accounts payable for more than twice that amount. At a projected burn rate less than Q1’s $5.5...

https://www.freightwaves.com/news/workhorse-on-the-bubble-or-is-it-worse

Could autonomous trucks help save the planet?

It’s understood that autonomous trucks boost fuel efficiency compared to human-driven big rigs.

But the potential energy efficiency gains could be far greater.

In a white paper released Tuesday, Aurora Innovation looked at immediate, medium- and longer-term opportunities and found some obvious and not-so-obvious savings.

The headline factoid: Autonomous trucks could achieve 13%-32% net energy efficiency improvement per loaded mile compared to human-driven miles. It is a lot to digest. 

Aurora makes...

https://www.freightwaves.com/news/could-autonomous-trucks-help-save-the-planet

Will natural gas payback beat EV adoption?

The confluence of a new, bigger engine, net-zero carbon emissions from renewable natural gas (RNG) and pressure from shippers for their carriers to operate sustainably add up to a bright picture for natural gas adoption.

But a new study from the North American Council for Freight Efficiency (NACFE) points to a couple of cautions. First is methane leakage from the source of the RNG. Methane escaping into the atmosphere is a huge contributor to planet-warming greenhouse gas.

Second, and most...

https://www.freightwaves.com/news/will-natural-gas-payback-beat-ev-adoption

Ree Automotive gets full by-wire electric certification

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Israel-based startup Ree Automotive delivered the first trucks with electronic by-wire technology...

https://www.freightwaves.com/news/ree-automotive-gets-full-by-wire-electric-certification

Ree Automotive: Business life during wartime

Startup Ree Automotive builds its drive-by-wire electric powertrains in the United Kingdom. Its future customer base is mostly in the U.S. But its headquarters is in Tel Aviv, where the Hamas-Israel war takes an emotional toll on employees and their families called to fight.

Israel-based businesses count on some portion of their workforces serving in defense of the country surrounded by enemies sworn to destroy it.

When war comes calling, as it did during the Oct. 7 surprise bombing of Israel by...

https://www.freightwaves.com/news/ree-automotive-business-life-during-wartime

Will stationary power generators save Hyliion?

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It’s too soon to know whether Hyliion Holdings will be able to make a commercial success of its...

https://www.freightwaves.com/news/will-stationary-power-generators-save-hyliion

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