Swedish electric trucking firm Einride acquires US EV charging startup Flipturn for $38 million in an all-stock deal. This expands Einride's EV charging ecosystem and supports its U.S. scaling strategy, integrating charging software with its electric truck offerings.
The Slate, a new electric pickup truck, is launching at $25,000, making it the most affordable EV truck in the US. Backed by Bezos, it aims to compete with Ford's Maverick and features better-than-expected specs, utilizing lower-cost batteries perfected in China.
BYD has overtaken Tesla to become the world's largest battery-powered car manufacturer, driven by increased overseas shipments despite a recent drop in deliveries. The report also highlights China's growing adoption of electric heavy trucks.
Slate's new $25,000 electric truck utilizes LFP batteries, a cheaper technology perfected in China, to achieve its low price point. This shift is influenced by regulatory changes and market demands for affordable EVs.
China is setting ambitious targets for electric heavy trucks, aiming for 40% of new sales by 2030, mirroring its successful push in electric passenger cars. This move is driven by rising shipping and oil costs, making electric trucks more economically viable, especially with declining battery costs.
Indian companies are rapidly investing in electric trucks due to fluctuating diesel prices and sustainability goals. Major firms like UltraTech Cement and Vedanta are expanding their electric fleets, leading to a quadrupling of electric truck registrations in early 2026.
BHP is continuing to purchase hundreds of millions of dollars worth of diesel trucks for its Pilbara operations, despite internal documents highlighting the environmental impact and misalignment with decarbonisation goals. The company cites 'low technology readiness' for battery-electric trucks, a claim disputed by competitors and experts.
Einride is expanding its US operations by deploying 75 manually operated electric heavy-duty trucks within Amazon's Relay freight network, signaling a significant push towards electrifying middle-mile logistics.
