Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
Lordstown Motors received final approvals to ship its battery-electric pickup truck to customers, overcoming doubt about its viability.
The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.
Australia’s Tritium is making a charge in U.S. market with a move into direct current fast charging for electric trucks.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Veteran automotive executive Ed Hightower is trying to bring the Lordstown Endurance electric pickup truck to market despite myriad setbacks.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Lordstown Motors is sticking to planned production of the Endurance electric pickup truck in Q3, but a shortage of cash makes the plan uncertain.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
Truck Talk is a weekly FreightWaves newsletter providing perspec on autonomous, electrification and other key issues in the trucking ecosystem.
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
New CEO continues remaking executive team, with the chief financial officer and chief operating officer departing.
