Volvo Trucks to launch electric truck with 600 km range [Yahoo! Finance Canada]
ACI Worldwide, Inc. (ACIW)
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Source: Yahoo! Finance Canada
By Jesus Calero (Reuters) - Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 km (373 miles) on a single charge, its truckmaking arm said on Tuesday. The new model, expected to hit the market in the second half of 2025, caters to customers requiring longer hauls by maximizing battery space while improving the truck's software. Volvo Trucks, a global leader in electric trucks, said it would use an electronic axle technology that combines motor, gearbox and axle into one unit, increasing battery capacity. Volvo Trucks' head of product management and quality Jan Hjelmgren told Reuters the company was accelerating its green investments, but further action from politicians would be crucial for broader adoption of zero-emission vehicles. Heavy truck market in Europe is expected to slow down this year after three years of high demand, which last year resulted in the highest delivery levels in more than 15 years as supply chain
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ACIW
Earnings
- 8/1/24 - Beat
ACIW
Sec Filings
- 9/17/24 - Form 4
- 9/6/24 - Form 4
- 9/6/24 - Form 4
- ACIW's page on the SEC website