Reverse merger

Volvo, Kenworth and Hyliion spark transition to electric trucks

Volvo electric trucks

Volvo, Kenworth and Hyliion each charged battery-powered electric trucking in different ways this week

DHE gets two Class 8 Volvo Electric VNR day cabs for testing

Dependable Highway Express (DHE) took delivery of two Volvo VNR Electric Class 8 day cabs as part of the Sweden-based truck maker’s Low Impact Green Heavy Transport Solutions (LIGHTS)  project. 

DHE is a core division of full-service logistics provider Dependable Supply Chain Services. It will use the zero-emissions trucks on daily...

https://s29755.pcdn.co/news/volvo-kenworth-and-hyliion-spark-transition-to-electric-trucks

Lordstown Motors going public in reverse merger

Vice President Pence and Endurance pickup

Startup electric pickup truck maker Lordstown Motors Corp. (LMC) will go public in a reverse merger that will bring it the much-needed cash to retool a former General Motors (NYSE: GM) car plant.

The deal with DiamondPeak Holdings Corp. (NASDAQ: DPHCU) will bring $675 million to LMC at a valuation of $1.6 billion. Assuming the merger closes in the fourth quarter, LMC will trade under the ticker symbol RIDE.

“We evaluated hundreds of companies for more than a year and Lordstown stood out as a...

https://s29755.pcdn.co/news/lordstown-motors-going-public-in-reverse-merger

Breaking News: Electric pickup maker Lordstown Motors going public in reverse merger

Electric pickup truck startup Lordstown Motors Corp. (LMC) is going public through a reverse merger with a special purpose acquisition company (SPAC), the latest clean transportation company to take a fast-track to public trading.

Former Workhorse Group (NASDAQ: WKHS) CEO Steve Burns created LMC in 2019 with the purchase of a former General Motors plant (NYSE: GM) in northeast Ohio. GM is investing $75 million in LMC, including a mortgage loan to LMC and money for retooling the plant.

DiamondPeak...

https://www.freightwaves.com/news/breaking-news-electric-pickup-maker-lordstown-motors-going-public-in-reverse-merger

Seven questions with high-flying Hyliion’s CEO

Hyliion CEO Thomas Healy

At 28, Thomas Healy is on his third startup company, Already named one of Forbes “30 Under 30” — three years ago — the Carnegie Mellon University graduate holds dual bachelor’s degrees in mechanical engineering and engineering and public policy.

As CEO of Hyliion Inc. Healy raised $52 million for his Class 8 Hypertruck ERX hybrid powertrain, which uses a renewable natural gas generator to charge an onboard electric motor that emits net negative planet-warming greenhouse gas emissions.

Hyliion CEO...

https://s29755.pcdn.co/news/seven-questions-with-high-flying-hyliions-ceo

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