Tesla will Showcase Electric Semi-Truck at November 16 Event
Tesla Motors has sent invitations for unveiling of electric semi-truck on November 16. The event was earlier planned in October but the company had to push it to November 16 due to production bottlenecks. The event will be held in Hawthorne, California. Tesla recently informed that the company could start production of electric trucks within two years.
After electric cars, automobile companies are now working on electric trucks as well. Volkswagen announced $1.7 billion investment in development of electric trucks and buses. Cummins recently shared prototype of its electric truck. Last week, Daimler shared electric truck concept vehicle with 220 miles range. Commercial vehicle segment could offer much better margins and sales for automobile majors.
Tesla has been running behind schedule for its mass-market vehicle Model 3. As the company faced production issues, Tesla CEO Elon Musk informed last month that the company could miss some of its targets for Model 3 production.
Tesla stock declined after the company reported larger-than-expected loss during the latest quarterly results. Market analysts and investors have become doubtful about Tesla reaching its production targets for Model 3. The production increase for Model 3 is also impacting other Tesla projects.
In an announcement made during Ford’s latest financial report this week, CEO Jim Hackett said that passenger cars are being phased out by the automaker, with its focus having shifting chiefly to electric vehicles (EVs) and trucks.
British energy company BP has announced that it is investing an amount of $20 million in Israeli startup StoreDot which is known in the battery world for its ‘ultra-fast charging battery.’
In an announcement made on August 23, Singapore-based ride-hailing company Grab has revealed that it plans to introduce 200 new electric vehicles (EVs), which will progressively hit the roads from 2019.
A new survey carried out by Venson Automotive Solutions has drawn attention to the apparent reluctance of UK motorists in terms of making the switch to electric vehicles (EVs).
The US Environment protection Agency (EPA) has officially released its proposal to freeze fuel economy standards; a move which may result in a further slowdown in electric vehicle (EV) adoption in the country.
At the Monterey Car Week industry event held at Pebble Beach in California, German automaker Mercedes-Benz has unveiled a new, one-seater all-electric race car prototype --- the ‘Vision EQ Silver Arrow.’