Global Chip Shortage May Last Until 2023, Infineon CEO Says
The global chip shortage that’s hampering companies from carmakers to computer manufacturers may linger for years, according to Germany’s biggest semiconductor company, Infineon Technologies AG.
August 16, 2021Are Hydrogen-Powered Vehicles a Realistic Path to Clean Energy?
Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward.
August 13, 2021Tesla Hopes to Start Production at Berlin Factory in October
BERLIN — Tesla founder and CEO Elon Musk said Aug. 13 that he hopes to start producing cars at its new factory outside Berlin in October.
August 13, 2021Hyliion Reports Net Loss in Q2
Electrified powertrain systems developer Hyliion Corp. reported a net loss and no revenue in the second quarter but ended the period with $617 million total available liquidity to fund ongoing product development.
August 12, 2021Volvo Delivers Electric Class 8 Truck to New York Metro Area
Volvo Trucks North America has delivered its first electric-powered Class 8 truck on the East Coast to New York-based Manhattan Beer Distributors.
August 12, 2021Pony.ai Reportedly Seeks Funds at $8 Billion Value Amid Listing Halt
Pony .ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company put its U.S. listing plans on hold, according to people familiar with the matter.
August 12, 2021Lawsuit Could Delay Replacement for Aging Postal Fleet
The delivery of new USPS trucks set for 2023 could be delayed.
August 12, 2021Detroit Supplies Most Class 8 Engines Overall in 2021 First Half
Detroit, the engine brand of Daimler Trucks North America, supplied the most Class 8 engines in North America during the first half of this year, nudging past independent engine maker Cummins Inc. by 1,344 units or 1.1 percentage points.
August 11, 2021Uber-Backed Joby Aviation Goes Public; Share Price Slides
Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.
August 11, 2021Nikola Adds Alta Equipment Group to Dealer Network
Nikola Corp. announced it added Alta Equipment Group to its emerging dealer network for its heavy-duty battery-electric and hydrogen fuel cell trucks, which are under development.
August 10, 2021