Search Results Found For: "fedex"

GM announces new business venture to produce electric delivery vans

Over the past few months, GM has gotten a lot more serious about electrification, unveiling a new EV platform, plans for more investment and more electrified models, and most recently, a new EV-centric marketing campaign. However, some have been pointing out the gap between the automaker’s high-wattage future plans and its flickering present (only one… Read more »

Retooling a shuttered factory to build electric trucks: Q&A with Lordstown Motors CEO Steve Burns

Will Ohio’s Voltage Valley energize a new era for the US auto industry? Big things are happening in the Mahoning Valley area of northeastern Ohio. The region, which centers on the city of Youngstown, was a booming center of steel production until the 1970s. Since then, like many other industrial hubs, the area has suffered… Read more »

AC Fast Charging: The right fit for medium-duty EVs

What’s the largest mass transit system in the United States? Is it the public transit network? Nope. Commercial airlines? Guess again. Passenger rail? Not even close. Here’s a hint: the vehicles are colored yellow. Give up? It’s school buses, and in terms of sheer numbers this fleet is 2.5 times larger than all other forms… Read more »

No, Workhorse hasn’t yet secured funding to buy GM’s Lordstown plant, but the deal is moving forward

For some time, Charged has followed the story of Workhorse Group, a Cincinnati-based company that has built a prototype electric pickup, has sold electric trucks to UPS and FedEx, and is in the running for a major contract to supply delivery trucks to the US Postal Service. Along with other observers of the EV scene,… Read more »

Is Workhorse’s deal to buy Lordstown plant from GM to build electric pickup too good to be true?

News travels by strange paths these days. The world first learned of a tentative deal for electric truck maker Workhorse to buy GM’s idled Lordstown, Ohio plant via a self-congratulatory tweet by the President of the US. If the deal goes through, it could be a win-win-win-win: Workhorse might receive a windfall like the one… Read more »

IKEA and delivery partners electrify last-mile delivery around the world

In 2018, at California’s Global Climate Action Summit, IKEA CEO Jesper Brodin announced a commitment to using EVs for the last-mile portion of all of its product shipments by 2025. Now the Swedish retailer says it has already electrified all its local delivery vehicles in Shanghai, and plans to do the same in Los Angeles,… Read more »

Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program

Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »

Fleet electrification? What’s that? Amazon orders 20,000 fossil-powered vans

Delivery trucks are ideal candidates for electrification, and they deliver long-term cost savings as well as cleaner air and quieter operation. Major fleets around the world, including FedEx and USPS, are testing them. A few operators have already passed the pilot stage, and placed substantial orders: Deutsche Post designed and built its own electric delivery… Read more »

Workhorse orders 500 more electric powertrain systems from TM4

Powertrain provider TM4, a subsidiary of Hydro-Québec, has received a new purchase order from Workhorse Group (NASDAQ: WKHS) for 500 SUMO MD powertrain systems, following last year’s order of 150 systems. Workhorse will install the powertrains in its E-GEN and E-100 delivery trucks, destined for such customers as UPS and FedEx Express. The Workhorse E-100… Read more »

The US is generating plenty of power, ready and waiting for EVs

DOE’s Electricity Advisory Committee meets for the first time since the new administration took office. On March 29 and 30, the DOE’s Electricity Advisory Committee (EAC) held its first meeting of 2017. The EAC has 31 members from across the country, representing all aspects of the electricity sector. Its focus includes generation, grid security, and… Read more »