The Vehicles

Merchants Fleet to buy 12,600 commercial EVs from GM’s BrightDrop

Merchants Fleet, a national fleet management company, plans to procure 12,600 light commercial EVs from BrightDrop, GM’s recently-announced business venture. Merchants Fleet expects the BrightDrop EV600, an electric van optimized for last-mile goods delivery, to enter its clients’ fleets starting in early 2023. BrightDrop’s EV600 will be built on GM’s Ultium platform. The new e-van… Read more »

Chinese EV-maker Evergrande raises $3.35 billion

China Evergrande New Energy Vehicle Group, a Hong Kong-listed unit of the real-estate giant Evergrande Group, has raised HK$26 billion ($3.35 billion US) in an offering of 952 million new shares. The company will use the new funding for R&D, vehicle production, and to retire older debt. China Evergrande NEV is controlled by Hui Ka-yan,… Read more »

Archer partners with Fiat Chrysler to develop electric VTOL aircraft

Palo Alto-based Archer has teamed up with Fiat Chrysler (FCA) to develop electric vertical takeoff and landing (eVTOL) aircraft, with the intent of starting production in 2023. FCA has already collaborated on cockpit design elements of Archer’s first aircraft, which is expected to be unveiled early this year. Archer’s goal is to create a vertically… Read more »

Truck-maker Scania favors battery-electric over hydrogen vehicles

Swedish commercial vehicle manufacturer Scania, a subsidiary of the Volkswagen Group, says it will “gradually” electrify its heavy-duty vehicles, and that “battery-electric vehicles will be the main tool to drive this shift.” “By 2025, Scania expects that electrified vehicles will account for around 10 percent or our total vehicle sales volumes in Europe and by… Read more »

MAFI introduces new electric terminal tractor

German commercial vehicle manufacturer MAFI Transport-Systeme has released an electric version of its popular T 230 diesel terminal tractor (terminal tractors, more colorfully known as “yard goats,” are used to move cargo around within ports and other such facilities). MAFI’s distributor, Eastern Lift Truck, said the new truck will be available this spring. The new… Read more »

Are German dealers sabotaging VW’s EV efforts?

The Volkswagen Group is by far the most charged of the legacy automakers—it’s making massive investments in electrification, converting entire factories to EV production, and rolling out fast charging networks across the US and Europe. Chairman Herbert Diess recently won an important vote of confidence from the company’s board, which agreed to back his ambitious… Read more »

Overlooked gems in Tesla’s Q4 earnings call

Tesla’s latest earnings report was loaded with good news: the company’s sixth straight quarter, and first full year, of profitability; increased sales ($31.5 billion in 2020, compared to $24.6 billion in 2019); a healthy cash position ($19.4 billion as of year-end, compared to $6.3 billion at the end of 2019); and plausible plans for steady… Read more »

GM aspires to stop selling ICE cars by 2035, will roll out 30 pure EVs by 2025

GM has thrown down the electric gauntlet to the auto industry, announcing plans to become carbon-neutral by 2040, and to set “science-based targets” to achieve carbon neutrality. GM worked with the Environmental Defense Fund to “develop a shared vision of an all-electric future and an aspiration to eliminate tailpipe emissions from new light-duty vehicles by… Read more »

Model S refresh includes completely revamped interior, powertrain updates and more

Over the past couple of years, as Tesla rolled out a seemingly endless stream of new features for Models 3 and Y, folks have been saying that the two elders of the line-up were overdue for an update. Now Tesla has announced a sweeping new refresh for Models S and X, featuring an entirely new… Read more »

Extreme E off-road racer inspired by GMC Hummer EV

GMC has announced a multiyear sponsorship with Chip Ganassi Racing for the team’s venture in the inaugural season of the Extreme E off-road racing series. CGR’s 550-horsepower electric SUV was inspired by the GMC Hummer EV. The 2022 GMC Hummer EV, which is expected to go into production this fall, will offer a three-motor 4WD… Read more »