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The all-stock acquisition will give Xos access to ElectraMeccanica's cash balance of $48.5 million to fund the expansion of Xos' electric trucks in fleets.
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LG's 100,000-square-foot plant will have an annual capacity of 12,000 units and uses 100% green power.
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While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
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Whittled down from over 50 eligible vehicles over half a year, the 2024 North American Car, Truck and Utility Vehicle of the Year (NACTOY) revealed the award winners in Pontiac, MI.
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NuPropel's mission is to provide commercial vehicle stakeholders with a forum to share topics relating to advanced fuel vehicles and the transition to net zero work trucks, vans, SUVs, and fleets.
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Considering interest rates, inflation, fuel prices, fleet sales, vehicle values, and other factors, the prevailing theme is moderation. Is this what a “soft landing” looks like?
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Charging safety seemed to be a key component for the 1,000 women and men surveyed who were considering buying an EV.
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Ford is undergoing an expansion update of more than 22,000 chargers with BlueOval, and is adding new charging providers Francis Energy, Blink, and Red E.
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We are a digital and connected society, and that interconnectedness is only intensifying. It is incumbent on fleet operators to have as much transparency and insight into their businesses as possible.
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More than 50% of fleets say they lack the necessary expertise to enable decarbonization in their operations. To accelerate the transition, over 60% of fleet operators plan to partner with fleet management service providers.
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