Electrifying Developments in the Commercial Vehicle Industry
Key Ideas
  • Harbinger secures $100 million in Series B funding to expand operations, focusing on producing medium-duty electric vehicles with a unique approach to chassis production.
  • ZM Trucks establishes a new manufacturing plant and regional headquarters in Fontana, California, signaling a significant step in the zero-emissions commercial vehicle market.
  • Port of Long Beach partners with InductEV to install hands-free electric vehicle chargers, furthering the adoption of sustainable practices in cargo handling equipment.
  • Tesla plans to start full production of its all-electric Class 8 truck by the end of 2025, showcasing the continued growth and investment in electric vehicle technology.
The commercial vehicle industry is witnessing significant developments in the United States. Harbinger, a medium-duty electric vehicle producer, secured a $100 million Series B funding round led by Capricorn's Technology Impact Fund. The investment aims to boost production capacity to meet the high demand for their customized EV chassis in the market. On the other hand, ZM Trucks, a subsidiary of ZO Motors, announced the opening of its first North American manufacturing plant in Fontana, California, with a focus on zero-emissions commercial trucks. The company's expansion into the U.S. market follows a substantial order of 900 units, showcasing the growing interest in eco-friendly transportation solutions. Additionally, the Port of Long Beach in California is embracing sustainable practices by partnering with InductEV to install high-power inductive chargers for electric cargo handling equipment. This initiative, supported by a grant from the California Energy Commission, highlights the shift towards cleaner energy in port operations. Furthermore, Tesla's announcement of full production for its all-electric Class 8 truck by the end of 2025 underscores the continued innovation and investment in electric vehicle technology. These developments reflect a positive trend towards sustainability and technological advancement in the commercial vehicle sector.
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