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Latest silicon carbide (SiC)-based VE-Trac modules provide next-generation electric vehicles with longer range, higher efficiency and faster acceleration PHOENIX–(BUSINESS WIRE)–onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced that global automotive innovator NIO Inc. chose the latest VE-Trac™ Direct SiC power modules from onsemi for its next-generation electric vehicles (EVs). The […]
LONG BEACH, Calif.–(BUSINESS WIRE)–Volvo Construction Equipment announced Tuesday that North American customers can now reserve any of the company’s three newest electric machine models: the L20 Electric compact wheel loader and the EC18 and ECR18 Electric compact excavators. This brings the Volvo CE electric lineup to an industry-leading five machines. Volvo CE also announced that […]
The Allison eGen Power® e-Axles will be integrated into Xos Class 7 and 8 100% battery-electric commercial vehicles INDIANAPOLIS–(BUSINESS WIRE)–Xos, Inc. (NASDAQ: XOS), a leading manufacturer and services provider of Class 5 through Class 8 battery-electric vehicles, powertrains, charging infrastructure, and fleet management software, today announced it has entered a strategic partnership with Allison Transmission, […]
Company Enters Commercial Vehicle Market with Flexible Class 5-6 EV Chassis MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today unveiled a unique Class 5-6 electric vehicle platform at the 2022 Advanced Clean Transportation (ACT) Expo, North America’s largest advanced transportation technology and clean fleet event. The company […]
BOSTON–(BUSINESS WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions, today announced first quarter 2022 financial results. First Quarter 2022 and Recent Highlights Generated revenue for first quarter of 2022 of $4.8 million, compared to $0.7 million in the prior year Realized gross loss for the first […]
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.45 dollars per share, payable on June 2, 2022, to shareholders of record on May 20, 2022. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, […]
ANN ARBOR, Mich.–(BUSINESS WIRE)–Please replace the release dated May 5, 2022, with the following corrected version due to multiple revisions. The updated release reads: EAVX, UNIQUE ELECTRIC SOLUTIONS EXECUTE STRATEGIC COLLABORATION AGREEMENT TO DEVELOP COMMERCIAL ELECTRIC VEHICLE PRODUCT EAVX, the newest business unit of JB Poindexter & Co that collaborates with the most advanced electric […]