All articles tagged with #daimler
Toyota and Daimler's truck divisions have agreed to merge into a new holding company by April 2026, aiming to strengthen their position in vehicle development, ecological innovation, and industry competitiveness, with plans to include Mitsubishi Fuso and Hino Motors, and focus on future commercial vehicles and sustainability.
Greenlane, backed by Daimler and BlackRock, plans to build a 280-mile electric vehicle charging corridor for commercial trucks from Los Angeles to Las Vegas, with initial charging locations in Colton, California, and additional stops in Barstow and Baker. The corridor aims to accelerate the transition to zero emissions and will offer fast chargers for medium- and heavy-duty electric trucks, as well as amenities for drivers. The move reflects a strategic effort by Daimler to ensure charging infrastructure for its electric truck lineup and to compete with Tesla in the big truck space.
Cummins, Daimler Trucks & Buses US Holding, and PACCAR have formed a joint venture called Accelera to advance battery cell production in the United States. The joint venture, in which each company will own a 30% stake, aims to focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks. They plan to invest between $2 billion and $3 billion to set up a 21-gigawatt hour (GWh) factory for manufacturing LFP battery cells. LFP battery cells were developed in the US, but Chinese companies currently dominate global production.
Daimler Truck and Toyota have signed a preliminary deal to combine their truck units in Japan under a holding company, with the shares of the new company expected to be listed on the Tokyo Stock Exchange's prime market. The companies will invest equally and cooperate on the development of hydrogen and other technologies in areas such as connectivity and autonomous driving. The companies expect to sign a definitive agreement in the first quarter of 2024 and close the transaction by the end of next year.
Daimler, NextEra Energy Resources, and a BlackRock investment fund are partnering to create Greenlane, a $650 million charging network for medium- and heavy-duty commercial EVs. The first site will be in Southern California, with plans to build out along critical freight routes on the East and West Coasts, as well as in Texas. Greenlane will eventually add chargers for passenger EVs. The network aims to address the unique demands of the industry and support mutual customers, while providing a dual benefit to all electric vehicle drivers.