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.

Klingenberg will assume his new position on 1 January 2025 and will be tasked with executing the transition to a group R&D organisation at Traton.

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 company announced that its Logistar 450 electric van has received approval from the California Air Resources Board (“CARB”) and a certificate from the Environmental Protection Agency (EPA), meaning that the van qualifies for state and federal funding.

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.