Sales of LCV goods carrier (trucks) vehicles (gvw ≤ 7.5t) fell by 2.9% to 542,934 units in FY 2023 (ending March 31, 2024).

The Series B investments bring the Canadian startup’s total invested capital to USD280m.

The MoU outlines an investment over a span of five years, with the potential to generate up to 5,000 jobs, both directly and indirectly.

The facility is fully digitally controlled and is equipped with advanced storage systems, including gravity spiral and vertical reciprocating conveyors.

Volvo on Demand is the company’s own interpretation of the ‘Truck-as-a-Service’ concept, providing the customer with everything he needs to operate an electric vehicle.

The truck displayed at the show was a ‘Freightliner Cascadia’ 6x2 tractor unit powered by Symbio’s 400-kW ‘StackPack’ fuel cell system - developed for the “H2 Central Valley Express” project.

The power distribution unit is designed to deliver power to all critical loads within an electric vehicle, including traction and auxiliary loads, while protecting electrical and electronic components as well as the vehicle occupants from high voltages.

The Nikola ‘Tre FCEV’ trucks will serve AiLO in drayage operations in the Ports of Los Angeles and Long Beach.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India decreased by 13.2% in Q4 (January to March) of FY2023-24 to register 69,983 units.

The partners announced that they are already testing the truck in the U.S., being the first Level 4 self-driving test on a Class 8 fuel cell electric truck to take place in the country.

Orders can now be placed for Scania’s 40-tonne tipper truck, installed with the company’s own self-driving software which it has tested over six years in mining operations in Australia.

The company says it is introducing “a suite of comprehensive ownership solutions” for its entire line of battery electric vehicles.