Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.
Nikola will replace battery packs in its electric trucks following several fires. The pack is a high-cost component.
Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
Lightning eMotors has enough parts to build electric vehicles through the end of the year, but it needs new capital soon to stay in business.
Nikola is recalling about 209 Class 8 battery electric trucks following 2 battery fires, but the trucks can stay in service pending a fix.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Most Volvo and Mack electric trucks built since 2019 will get new batteries because of a fire risk caused by loose material in the batteries.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Lightning eMotors identifies electrifying small school buses and shuttle vans as its niche. Scaling depends on finding new capital.
Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
Negative headlines about Nikola Corp.’s finances raise justifiable concern. Visiting its electric truck plant tells a different story.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
Nikola Corp. dijo en una presentación ante el gobierno el jueves que podría quedarse sin dinero en los próximos 12 meses y tener que “modificar o terminar” su negocio. La startup obtuvo unos ingresos de 6,5 millones de dólares en el cuarto trimestre. Pero el costo de esas ventas fue más de siete veces superior […]
As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.
Nikola will move battery pack manufacturing to Arizona and files layoffs notice for a former Romeo Power plant.
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.
