Turin, Italy and Seoul, South Korea — Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector. Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a forward view towards electric heavy-duty truck solutions, including both … [continued]
Failure to meet demand for zero-emission trucks would present opportunity for Tesla and BYD, T&E says.
IVECO’s FPT Industrial created the running gear for the Maserati Gran Turismo Folgore, the first car in the brand’s history to adopt a 100% electric powertrain. IVECO is known more for its large commercial vehicle applications. The new car from Maserati runs on FPT Industrial’s ePropulsion system, which is based … [continued]
Automotive industry opposition to new emission standard could lead to thousands of avoidable premature deaths.
“LNG trucks are held up as saviours of air quality, but tests show they pollute far more than the manufacturers claim. They are also a lot worse than diesel for the smallest and most harmful particles, including in city driving, where they are used for deliveries. Ultimately, gas trucks are just another fossil fuel technology that can never clean up freight.”
Arizona-based Nikola Motor celebrated breaking ground on its new 1,000,000 square foot factory this morning in an event well-attended by Nikola leadership, including CEO Mark Russell, Mark Duchesne, global head of manufacturing, and local supporters including Coolidge Mayor Jon Thompson.
Nikola Motors has partnered with IVECO to establish the manufacturing hub for its first production vehicle in Ulm, Germany. The facility will produce both the battery electric and fuel cell electric versions of the the company’s cab-over heavy duty truck for the European market, the Nikola TRE.
The Nikola Corporation is making a push into the EU with partner trucking company IVECO after the pair showed off the design model of the battery electric version of the Nikola TRE for European customers. Launching the battery electric Nikola TRE gives Nikola a bridge to the hydrogen-powered future the team envisions as the reality of the investment and lead time required for hydrogen to manifest in the global transportation marketplace are realized.
CNH Industrial N.V. announced a new $250 million investment into the Nikola Motor Company as the lead investor in a new Series D funding round. The investment round comes as Nikola works to integrate a single lease plan for its vehicles that roll all vehicle, service, maintenance, and fuel costs into a single lease price in a bid to offer early adopters assurance of predictable prices and payouts for their fleets.
