After creating about 50 millionaires on paper a couple of weeks earlier, Nikola founder Trevor Milton gives another million shares of his personal holdings to 350 employees.
Former General Motors Vice Chairman Steve Girsky, who led startup truck maker Nikola to its public debut in June, earlier suggested to GM that its battery and fuel cell technology could create value for both companies.
Glum Volvo Group financial report follows layoffs of 4,100 white-collar workers in second quarter. Uncertainty means the pain may continue for some time.
Toyota and Hino, its heavy truck subsidiary, are offering few details on an Asian heavy-duty truck fuel cell program that complements Toyota’s Oceans 10 project with Kenworth Truck Co. in the U.S.
For fleets that run throughout the day and need high utilization, hydrogen fuel cells offer great value for investment, while also creating zero emissions.
UPS partners with Waymo for delivery; Coronavirus could decline Chinese production; research breakout in fuel cell technology
Toyota said at #CES2020 that it plans to build a 175-acre city of the future at the foot of Mt. Fuji in Japan that will operate on hydrogen fuel cells and solar power.
With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California where the good can be the enemy of the great.
The news this week that Hyundai Motor Company is planning a hydrogen-powered tractor for global markets, including the U.S., could be the beginning of a larger presence for the company into North America.
Hyundai has unveiled a fuel-cell powered Class 8 truck, the HDC-6 Neptune, that it plans to launch at an undisclosed time in the future. It will be a global truck for multiple markets, including the U.S.
Fuel cell startup Loop Engency received a cash infusion from engine maker Cummins Inc. on Sept. 18. It was Cummins second investment in fuel cells this month.
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
Nuvera Fuel Cells is working with its parent Hyster-Yale Group to make fuel cell engines for medium- and heavy-duty truck applications, mostly for drayage and other return-to-base port activities.
Bernd Heid from McKinsey elaborated on the future of mobility, drawing instances of disruptions in the transportation industry and the need for adapting business models to market and regulatory requirements.
Hyundai is working on mass producing hydrogen fuel cell powered heavy-duty electric trucks, which would make an entry into the Swiss commercial market between 2019 and 2023.
FreightWaves had a chance to speak with Jason Schenker about what’s ahead for the freight and automotive industries, and what that means for our lives.
General Motors has advanced its next-generation fuel cell system, which is part of its concept SURUS (Silent Utility Rover Universal Superstructure) platform that was shown last week at the fall meeting of the Association of the United States Army. Whether commercial transportation is willing to adopt fuel cell technology, though, remains a question.
Cummins’ electrified powertrain inside the AEOS Class 7 concept truck is part of the engine maker’s aim to create diverse powertrain options for customers.
The expansion of fuel cell trucks is continuing, with an announcement from Ballard Power Systems that its 85-kilowatt fuel cell engine will power a Class 8 Kenworth drayage truck at the ports of Los Angeles and Long Beach. Also, Uber Freight launches, a fuel tax hike is still on the table and Amazon pushes furniture.
Toyota Motor North America announced its Project Portal hydrogen fuel cell powertrain this week. The engine produces 670 hp. and can pull an 80,000-lb. pound, the company said. Vehicle tests will take place at the Ports of Los Angeles and Long Beach, hauling cargo between the two sites.
