The German company said it has taken the decision due to “intense cost and price pressures” from growing Asian competition.

Einride has partnered with American multinational drinks company PepsiCo, to provide a fleet of five digitally optimised electric heavy-duty trucks in Memphis, Tennessee.

The new extended-range E-Tech T will offer an energy storage capacity of 800 kWh, a significant expansion on the maximum capacity of 540 kWh which is offered with the current version of the truck.

The new truck with the Cummins-derived engine is believed to be the first of global engine partnership between Daimler and Cummins for medium duty engines at Euro VI and beyond.

The move comes shortly after the company signed a single order for 500 light trucks with a local logistics company in the country.

The budget is aimed at incentivizing around 28.81 lakh electric vehicles over the next two years!

The investment is to be used to support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations.

He replaces Jonas Rickberg who is leaving the company.

The truck manufacturer is allowing customers to schedule a thirty-minute one-to-one consultation with a salesman through video conferencing software.

This multi-year investment, said to exceed USD100m, aims to double the current manufacturing footprint.

Dongfeng CV Xinjiang Company is a unit of state-owned Dongfeng Motor Company based in the Urumqi City of China’s Xinjiang Uygur autonomous region.

These funding packages are aimed at creating an e-charging infrastructure to encourage the uptake of electric trucks in the Netherlands.