Jim Castelaz, who founded the company back in 2009 and is now Chief Technology & Revenue Officer, described Motiv to T&BB as “Silicon Valley meets Motor City”.

Through a special-purpose entity, “Zevx Liquidation LLC”, Resolution is running two sales processes in parallel: an auction of ZEVx equipment at its location in Gilbert, Arizona; and a separate sale of the company’s intellectual property. Attached to this article is a sale memorandum, providing details of the intellectual property and assets on offer.

The truck is to be imported by MFTBC’s local distributor, Daimler Truck Asia Taiwan Ltd, based in Taipei.

DTNA announced it has rolled out its “circular economy approach” to battery recycling, remanufacturing and repurposing of its lithium-ion CV battery packs. As part of its carbon reduction goals, the approach aims to extend the usability of its batteries and reuse rare-earth materials in the production of new products.