Bobit editors combine original reporting and outside sourcing to create comprehensive news reports.
Accelera by Cummins, Daimler Trucks, and PACCAR are joining forces to create a 21-gigawatt hour (GWh) EV battery factory in the United States. If the partnership is approved, production might begin in 2027.
The move is an effort to strengthen its financial position through a recapitalization, or going-concern sale, according to the company.
The purchasing cooperative has added Fleet Electrification Transition Planning, Management, and Related Services as a category available to its members in North America.
The new funds are expected to help replace several hundred diesel-powered buses in Michigan's 17,000-vehicle school bus fleet.
The application deadline for this grant opportunity is on Aug. 22, 2023.
The World Resources Institute’s Electric School Bus Initiative delved into the topic, finding that EV batteries are designed for safety and extensively tested.
It's not clear yet what prompted Warren Buffett's investment company to trim its holdings of the electric school bus maker's Hong Kong-listed shares.
Global production of liquid fuels could be up to 102.8 million barrels per day by 2024, driven by growth in non-OPEC sources. But forecasts could be fogged by uncertainty over Russia’s oil supply, eased COVID-19 restrictions in China, and other global economic conditions.
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