Latest news with #electric truck
The Sun
3 days ago
- Automotive
- The Sun
Struggling car maker gets huge new upgrade at UK plant after confirming hundreds of jobs would be axed
A STRUGGLING car maker has been handed a massive new upgrade at a UK plant after it confirmed hundreds of jobs would be lost. Nissan 's plant in Sunderland has now gone live with its new electric truck charging station. 2 At the end of last month, the firm announced the job cuts after it reported £4 billion losses in the last financial year. The facility, which cost £1.4million, is the first private, shared charging station of its kind in the UK. It is expected to cut carbon emissions by around 1,500 tonnes a year. Michael Simpson, vice president of supply chain management at Nissan AMIEO, said: "It is fantastic for our plant to be leading the charge to an electrified supply chain with this project. "We welcome the support we've received from our partners to bring the charging station to life and we're proud of what we have achieved. "The charging station looks brilliant and is a big step forward in Nissan's EV360 vision, which brings together electric vehicles, zero carbon energy and battery manufacturing." The station is capable of supporting 60 UK eHGV deliveries to the plant every day and marks just the beginning of the plant's move towards electrifying its supply chain. Mr Simpson added: 'We're exploring further opportunities to allow other hauliers to use the charging station as well as looking at other opportunities to maximise its full potential.' The charging station can support a fleet of 25 trucks, with a charging capacity of up to 360kW. The trucks will pick up parts from Nissan's UK supply base, going as far afield as Derby and also delivering finished vehicles to and from the Tyne port. That will mean more than 2.4million kilometres will be travelled every years, completely electrified and saving 1,500 tonnes of CO2 each year. The project is part of the Electric Freightway consortium, which involves Nissan, GRIDSERVE, Fergusons, Yusen, and BCA, and is aimed at accelerating the adoption of eHGVs and high-power charging infrastructure, The Northern Echo reports. UK government minister for the future of roads Lilian Greenwood said: "We're working closely with the road freight sector to slash transport emissions, and our £200million zero emission HGV programme is helping businesses across the country to power the electrification of their fleets. "It's great to see Nissan taking advantage of our scheme which is supporting high paid jobs and putting money in the pockets of working people – all part of delivering our Plan for Change." The charging station forms a key part of Nissan's wider EV36Zero plan, which aims to integrate electric vehicle production, renewable energy, and battery manufacturing. Daniel Kunkel, CEO of GRIDSERVE, said: "The decarbonisation of transport logistics is much stronger and reaches far wider when done in partnership. "This is why, as leaders of the Electric Freightway consortium, we are so pleased to support this UK first with Nissan and their haulage partners. "Depot charging is critical for the electrification of HGVs, going hand in hand with future public infrastructure developments. "As a first shared usage site, this location is leading the way in sustainable freight logistics." The news comes after the car manufacturer announced around 250 jobs from its Sunderland factory would be axed. The jobs will be cut under a "voluntary leave scheme" letting employees choose to leave their roles with support from the company. It comes just weeks after the Japanese firm announced the new Nissan Leaf would be made at the Sunderland site. The job losses will hit non-manufacturing positions. Nissan has announced the cuts amid a desperate bid to balance the books and support a global effort to become a more "resilient business." The attempts to save the brand were ramped up after merger talks with Honda fell through. Earlier this year the firm announced 20,000 job losses, seven factory closures and a pause on all post-2026 new car development. The closures of seven of its factories would see the brand limited to just 10 sites. 2
Yahoo
17-07-2025
- Business
- Yahoo
Xos, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
LOS ANGELES, July 17, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it is scheduling the release of its second quarter 2025 operating results on Wednesday, August 13, 2025 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time that same day. Conference Call and Webcast Details Date / Time: Wednesday, August 13, 2025, at 4:30 p.m. ET / 1:30 p.m. PT Webcast U.S. Toll-Free Dial In : 1-833-816-1411 International Dial In : 1-412-317-0507 To access the call by phone, please dial in to one of the above numbers approximately ten minutes before the start of the call. Alternatively, guests may be connected to the call through ViaVid's Call me™ feature by navigating to and using the Passcode 8989837 For those unable to participate in the live call, an audio replay will be available following the call through midnight Wednesday, August 13, 2025. To access the replay, please call 1-844-512-2921 or 1-412-317-6671 (International) and enter access code 10201612. A replay of the webcast will also be archived shortly after the call and can be accessed on the Company's website. About Xos, is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that can be easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit Contacts Xos Media Relationspress@ Cautionary Statement Regarding Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding projected financial and performance information; expectations and timing related to product deliveries and customer demand; sufficiency of existing cash reserves; customer acquisition and order metrics; ability to access additional capital and Xos's long-term strategy and future growth. These forward-looking statements may be identified by the words 'anticipate,' 'believe,' 'continue,' 'likely,' 'plan,' 'possible,' 'project,' 'potential,' 'predict,' 'seem,' 'seek,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'target,' 'opportunity,' 'may,' 'might,' 'could,' 'should,' 'will,' 'would,' and similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Xos's liquidity and access to capital when needed, including its ability to service its indebtedness; (ii) Xos's ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; (iii) cost increases and delays in production due to supply chain shortages in the components needed for the production of Xos's vehicle chassis and battery system; (iv) Xos's ability to meet production milestones and fulfill backlog orders; (v) changes in the industries in which Xos operates; (vi) variations in operating performance across competitors; (vii) changes in laws and regulations affecting Xos's business, including changes to tax incentive policies; (viii) Xos's ability to implement its business plan or meet or exceed its financial projections; (ix) Xos's limited operating history; (x) Xos's ability to retain key personnel and hire additional personnel, particularly in light of current and potential labor shortages; (xi) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry; (xii) macroeconomic and political conditions; and (xiii) the outcome of any legal proceedings that may be instituted against Xos. All forward-looking statements included in this press release are expressly qualified in their entirety by, and you should carefully consider, the foregoing factors and the other risks and uncertainties described under the heading 'Risk Factors' included in Xos's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on March 31, 2025 and Xos's other filings with the SEC, copies of which may be obtained by visiting Xos's Investors Relations website at or the SEC's website at These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Xos assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Xos does not give any assurance that it will achieve its in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
16-07-2025
- Automotive
- TechCrunch
GMC Hummer EV outsold the Tesla Cybertruck last quarter
Sales of Tesla's Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to new data from Cox Automotive. Both were beat by Ford's F-150 Lightning, which once again became the best-selling electric truck in the U.S. in the first quarter, beating out the Cybertruck. But even Ford's offering is struggling; the 5,842 Lightnings sold in Q2 was the lowest quarterly total for the company in over a year. To be fair, the GMC Hummer tally includes sales of both the pickup truck and its SUV variant, although there is very little that differentiates the two. Put another way, the SUV version of the Hummer EV still more closely resembles a truck than it does a typical sport utility vehicle. Rivian has also been struggling with its own electric truck, the R1T. The company sold just 1,752 of them last quarter, down from 3,309 in the same period last year. But the Cybertruck has had the biggest fall from grace by far. After handing over the first few units in December 2023, the company started selling them in earnest in early 2024. Sales shot up to a high of nearly 17,000 in the third quarter of 2024, but fell just as quickly, as seen in the chart above. Whether that fall was due to the brand damage wrought by Elon Musk and his involvement with the Trump administration, or the fact that the Cybertruck is still far more expensive than the $40,000 price tag Tesla promised when it revealed the EV in 2019, is difficult to say. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW The company, at one point, predicted it would be making as many as 250,000 Cybertrucks a year, and now has a tremendous amount of unused capacity at its Texas factory as a result. As Musk once said about the shiny EV: 'we dug our own grave with Cybertruck.'
