Posts Tagged: Smith Electric Vehicles

Smith partners with FDG to produce medium-duty electric trucks

Smith Electric Vehicles, a builder of medium-duty commercial EVs that was profiled in the January/February 2013 issue of Charged, plans to form a joint venture with strategic partner and investor FDG Electric Vehicles, an EV and battery manufacturer listed on the Hong Kong Stock Exchange. The new JV will offer a combined portfolio of EVs… Read more »

Smith Electric secures $42 million investment, hints at IPO

Commercial EV builder Smith Electric Vehicles has secured a $42 million investment commitment from Sinopoly Battery Limited, a multinational producer of lithium-ion batteries and related EV products. The first $2 million has been delivered, and the remainder will be invested in two tranches pending milestones to be achieved in the coming months. Sinopoly will become… Read more »

Smith Electric Vehicles suspends production

Smith Electric Vehicles, a builder of electric medium-duty trucks that was featured in our January 2013 issue, has suspended production, but CEO Bryan Hansel is adamant that the company is not closing its doors for good. Hansel said that Smith decided on the temporary stoppage because the business is building vehicles at a loss and… Read more »

The new A123 looks a lot like the old A123: Q&A with Jeff Kessen

Start-ups are tough. The majority of them do not succeed, particularly those built around new technologies in burgeoning industries. Nowhere is this more evident than in the EV industry. Even with political support and government grants, many companies have miscalculated the market and the capital required to make it into the black.  In October 2012,… Read more »

Plug-in fleets: small challenges, huge savings

Four plug-in truck companies talk to fleet managers about electrification opportunities Plug-in vehicles are different. Aside from the obvious changes in technology, they present a different financial model for corporate number crunchers. This means some challenges for those pitching EVs and PHEVs to fleet operators. Fortunately for the EV industry and the fleets of the… Read more »

Houston project to deploy 30 Smith electric trucks

The Houston-Galveston Area Council (H-GAC), a regional association of local governments, has partnered with the Center for Transportation and the Environment (CTE) and Smith Electric Vehicles for a pilot program that will deploy 30 of Smith’s Newton electric trucks in the Houston-Galveston region, the country’s fifth-largest metropolitan area. The project is partly financed by a… Read more »

US Army microgrid features bidirectional EV chargers

It’s not just trees and money that are green – it’s also the color of military uniforms. The US Army is a pioneer in electric mobility and renewable energy, especially in the field of microgrids – small independent smart grids that can power an entire military base. Last December, the Army Corps of Engineers commissioned… Read more »

Smith Electric Vehicles to electrify Taiwan’s garbage trucks

Commercial EV builder Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corporation, a Taiwanese manufacturer in that specializes in upfitting municipal commercial vehicles. The JV plans to build a new manufacturing plant in Taiwan, which will produce 5,000 vehicles in its first three years. Taikang has… Read more »

New York to offer $19 million in vouchers for electric trucks

New York Governor Andrew Cuomo has announced the $19-million New York Truck Voucher Incentive Program, which will subsidize the purchase of electric, hybrid and alternate-fuel commercial trucks. The New York State Energy Research and Development Authority (NYSERDA), together with the non-profit organization CALSTART, will be managing the program. The program will include two voucher funds…. Read more »