Alternative Vehicles

PACCAR and Toyota Expand Hydrogen Fuel Cell Truck Collaboration to Include Commercialization

Retrieved on: 
Tuesday, May 2, 2023

PACCAR and Toyota Motor North America, Inc. (Toyota) today announced an expansion of their joint efforts to develop and produce zero emissions, hydrogen fuel cell (FCEV) Kenworth and Peterbilt trucks powered by Toyota’s next-generation hydrogen fuel cell modules.

Key Points: 
  • PACCAR and Toyota Motor North America, Inc. (Toyota) today announced an expansion of their joint efforts to develop and produce zero emissions, hydrogen fuel cell (FCEV) Kenworth and Peterbilt trucks powered by Toyota’s next-generation hydrogen fuel cell modules.
  • The expanded agreement supports ongoing development and commercialized zero-emission versions of the Kenworth T680 and Peterbilt 579 models featuring Toyota’s hydrogen fuel cell powertrain kit, with initial customer deliveries planned for 2024.
  • View the full release here: https://www.businesswire.com/news/home/20230502005315/en/
    Kenworth T680 and Peterbilt 579 Hydrogen Fuel Cell Trucks (Photo: Business Wire)
    PACCAR and Toyota have collaborated on FCEV truck development for the past several years, including a successful pilot program which deployed ten Kenworth T680 FCEV trucks at the Port of Los Angeles.
  • The pilot provided both Kenworth and Toyota with real-world feedback that further enhanced the performance and range of the vehicle.

Delta-Q Technologies Commences Full Production of its 3.3 kW Battery Charger

Retrieved on: 
Tuesday, May 2, 2023

Delta-Q Technologies (Delta-Q), a leader in battery charging solutions for electric vehicles and industrial equipment, has announced that its innovative mid-power charger, the XV3300, is now in full-scale production.

Key Points: 
  • Delta-Q Technologies (Delta-Q), a leader in battery charging solutions for electric vehicles and industrial equipment, has announced that its innovative mid-power charger, the XV3300, is now in full-scale production.
  • With its unique 3-in-1 design, this highly efficient charging system integrates a 3.3 kW battery charger, a 500 W DC-DC converter to power the vehicles’ auxiliary loads, and an EV charging station interface.
  • Key features and benefits of the XV3300 charger include:
    High Reliability: The XV3300 battery charger is compact, rugged, and IP67-rated.
  • To register for updates on the XV3300 battery charger or for specific details, including product specifications, visit https://connect.delta-q.com/xv3300 .

Faraday Future Breaks New Ground in Emerging GPT AI Technology, Announces its Generative AI Product Stack

Retrieved on: 
Tuesday, May 2, 2023

FF is one of the first automotive manufacturers to integrate and demonstrate generative AI capabilities in a vehicle.

Key Points: 
  • FF is one of the first automotive manufacturers to integrate and demonstrate generative AI capabilities in a vehicle.
  • View the full release here: https://www.businesswire.com/news/home/20230502005758/en/
    Faraday Future Breaks New Ground in Emerging GPT AI Technology, Announces its Generative AI Product Stack (Photo: Business Wire)
    Through this Generative AI Product Stack, the Company has integrated its foundational AI capabilities with advanced models such as ChatGPT, GPT-4, and others from companies such as OpenAI and Microsoft.
  • “While there have been many advancements in AI over the years, recent developments in generative AI have broadened access to the benefits of AI.
  • With this Generative AI Product Stack, the Company has the potential to scale to additional advanced generative AI models, giving extraordinary abilities to users.

Vehicle Owners Express Lower Satisfaction with Aftermarket Service Providers, J.D. Power Finds

Retrieved on: 
Tuesday, May 2, 2023

Customer satisfaction is lower for the performance of the service advisor, specifically noting increased wait times, and fewer advisors providing helpful advice.

Key Points: 
  • Customer satisfaction is lower for the performance of the service advisor, specifically noting increased wait times, and fewer advisors providing helpful advice.
  • Convenience, speed and price are very attractive to today’s vehicle owners who are looking for excellent service, and aftermarket service providers can leverage those factors to stem the tide of owners going to dealerships.”
    The study, now in its fourth year, measures customer satisfaction with aftermarket service facilities, providing a numerical index ranking of the highest-performing facilities in the U.S. aftermarket.
  • These measures are (in alphabetical order): ease of scheduling/getting vehicle in for service; fairness of charges; service advisor courtesy; service advisor performance; service facility; time to complete service; and quality of work.
  • Aftermarket service providers can get a revenue jolt: The ever-increasing electric vehicle (EV) marketplace service needs and shorter length of service intervals is creating an opportunity for aftermarket service providers.

Lightning eMotors Announces Deployments and Production Ramp up of Electric School Buses Built on the GM-Based Lightning ZEV4™ Platform

Retrieved on: 
Tuesday, May 2, 2023

Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle (EV) technology for fleets, has begun production of a next generation Type A electric school bus built on the GM platform.

Key Points: 
  • Lightning eMotors (NYSE: ZEV), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle (EV) technology for fleets, has begun production of a next generation Type A electric school bus built on the GM platform.
  • View the full release here: https://www.businesswire.com/news/home/20230502005564/en/
    Production of Lightning ZEV4 Type A electric school buses is ramping up in Lightning’s Loveland, CO factory to address the electric school bus market that is being accelerated by major federal and state funding programs.
  • (Photo: Lightning eMotors)
    Initial orders for nearly 70 next generation Type A school buses have begun moving across the production floor in Lightning eMotors’ 130,000 square foot manufacturing facility in Loveland, Colorado.
  • These funds can be stacked with the IRA commercial vehicle incentive, which gives schools $40,000 per electric vehicle, providing schools with electric school buses without the need for special budget referendums or increasing taxes.

EVgo to Report First Quarter 2023 Results on May 9, 2023

Retrieved on: 
Tuesday, May 2, 2023

EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its first quarter 2023 financial results on Tuesday, May 9, 2023.

Key Points: 
  • EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its first quarter 2023 financial results on Tuesday, May 9, 2023.
  • This release will be followed by a webcast hosted by members of the EVgo management team at 8:00 a.m. PT (11:00 a.m.
  • ET).
  • The call can also be accessed live over the telephone by dialing:
    An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo’s website.

Former VP Engineering of Polestar Electric Propulsion Systems Joins Tula Technology

Retrieved on: 
Tuesday, May 2, 2023

As Tula accelerates Dynamic Motor Drive (DMD®) technology development and launches applications across the industry in e-Mobility and Electrification, Dr. Farah will have an essential role as a member of the Tula Executive Leadership Team.

Key Points: 
  • As Tula accelerates Dynamic Motor Drive (DMD®) technology development and launches applications across the industry in e-Mobility and Electrification, Dr. Farah will have an essential role as a member of the Tula Executive Leadership Team.
  • He joins Tula from industry leading EV manufacturer Polestar where he was Vice President of Engineering for Electric Propulsion Systems.
  • "We are delighted to have Philippe join Tula,” said Scott Bailey, CEO of Tula Technology.
  • His contributions will help Tula rapidly implement DMD technology in automotive and industrial applications worldwide.”

Cummins Reports Record First Quarter 2023 Results

Retrieved on: 
Tuesday, May 2, 2023

Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2023.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2023.
  • First quarter revenues of $8.5 billion increased 32 percent from the same quarter in 2022.
  • Results included costs associated with the separation of the Filtration business of $18 million, or $0.10 per diluted share, in the first quarter of 2023, and $17 million, or $0.09 per diluted share, in the first quarter of 2022.
  • “We have raised our guidance on revenue and profitability for 2023 due to continued demand for Cummins’ products and services.

Fisker and Ample Partner to Deliver Fisker Ocean EVs with Innovative Swappable Batteries by the Start of 2024

Retrieved on: 
Tuesday, May 2, 2023

This partnership is important to Fisker’s long-term strategy to increase scale and adoption of its EVs in the United States and Europe.

Key Points: 
  • This partnership is important to Fisker’s long-term strategy to increase scale and adoption of its EVs in the United States and Europe.
  • This partnership is important to Fisker’s long-term strategy to increase scale and adoption of its EVs in the United States and Europe.
  • They’ve developed best-in-class EVs that our team is proud to support,” said Khaled Hassounah, Co-founder and CEO of Ample.
  • Joint development between Ample and Fisker is already underway, with the goal of providing battery swappable Fisker Ocean vehicles by Q1 2024.

PIEDMONT LITHIUM TO PROVIDE PORTFOLIO UPDATE AT MAY INDUSTRY CONFERENCES

Retrieved on: 
Tuesday, May 2, 2023

Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America.

Key Points: 
  • Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America.
  • Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11).
  • Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise.