Five California public transportation agencies deployed Lightning eMotors' zero-emission Class 3 transport trucks and Class 4 medium shuttle buses, which were obtained through the CalACT/MBTA vehicle procurement cooperative
All CalAct members are eligible to purchase vehicles through the CalAct contract
The CalAct contract represents a potential exponential growth opportunity for medium-sized zero-emission trucks and buses
Loveland, Colorado, October 26, 2021--(BUSINESS WIRE)--Lightning eMotors (NYSE: ZEV), a leading supplier of all-electric powertrains and mid-sized and special commercial electric fleets, announced today Increase the order and re-order from the CalACT vehicle procurement cooperative managed by the Morongo Basin Transportation Authority (MBTA). The increase in orders comes from a public agency that is a member of the California Coordinating Transportation Association (CalACT).
This press release features multimedia. View the full version here: https://www.businesswire.com/news/home/20211026005266/en/
The contract allows California municipalities to easily purchase Lightning’s electric E-450 shuttles and Transit buses (Photo: Lightning eMotors)
The CalACT contract is a procurement tool that simplifies and speeds up the procurement of CalACT members. In order to be considered for inclusion in the contract, Lightning went through a rigorous qualification review process, including MBTA site visits and audits by its consultants, and CalACT transportation agency's visit to the facility to review the manufacturing process.
Tim Reeser, CEO of Lightning eMotors, said: "We have seen a surge in demand and interest in our electric commercial vehicles in California from municipalities affiliated with CalACT, and we expect these numbers to increase in the future. It has grown dramatically over the years." "In the past six months, we have received orders for ADA-compliant 350HD transport vehicles and E-450 shuttle buses from five cities in California, and more vehicles are in the pipeline."
Nearly 200 cities that belong to CalACT and are eligible to purchase under the contract purchase an average of 800 cars per year. As one of the few approved electric commercial vehicle manufacturers, and the first manufacturer to deliver such vehicles under contract, Lightning is the preferred supply in California’s cities, counties and transportation agencies’ efforts to achieve carbon neutrality in the state The status of the business is authorized. According to the Innovative Clean Traffic Regulations passed in 2018, by 2029, newly purchased medium and heavy-duty trucks and buses must be 100% fully electric. The goal is to make a full transition by 2040.
Lightning eMotors’ Class 3 350HD transport vehicles and Class 4 E-450 shuttle buses can be purchased through CalACT’s authorized partners A – Z Bus Sales and Creative Bus Sales in California and RO Bus Sales in Las Vegas. The all-electric E-450 shuttle bus can accommodate up to 24 passengers and has a cruising range of more than 120 miles, while Lightning's electric 350HD transport vehicle can accommodate 15 people and a dynamometer confirmed cruising range of more than 120 miles.
According to the "State of the Air" report of the American Lung Association in 2021, eight California cities appear on the list of all three most polluted cities in the United States in terms of unhealthy days of ozone, unhealthy peaks of particulate pollution, and annual particulate pollution levels. The electrification of commercial passenger transport and last/middle mile freight vehicles will improve overall air quality by reducing carbon emissions, especially in densely populated urban areas. In fact, recent estimates by the Alternative Fuel Data Center indicate that, depending on the source of electricity, the annual emissions per vehicle of all-electric vehicles can lead to a 67% reduction in national carbon dioxide emissions.
Lightning eMotors has already delivered 8 of the 11 cars originally ordered and expects to deliver the remaining 3 cars before the end of the year. Five other orders from more new institutions are also expected to be completed next month.
Reeser said: "More than four in ten Americans live in places with unhealthy air pollution levels, which will continue to exacerbate Covid-19 cases." The community has had a positive impact, and these orders are just the tip of the iceberg."
Lightning eMotors (NYSE: ZEV) has been providing professional and sustainable fleet solutions since 2009, and has deployed a complete Zero Emission Vehicle (ZEV) solution for commercial fleets since 2018-including Class 3 trucks And buses, ambulances, class 4 and class 5 trucks and shuttle buses, class 4 class A school buses, class 6 working trucks, class 7 city buses and class A buses. The Lightning eMotors team designs, engineers, customizes and manufactures zero-emission vehicles, supporting a wide range of fleet customer needs through a full set of control software, telematics, analysis, and charging solutions to simplify the purchase and ownership experience and maximize normal operation Time and energy efficiency. To learn more, please visit https://lightningemotors.com.
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Such forward-looking statements include, but are not limited to, statements about the expected launch of CalACT/MBTA vehicles, whether the increase in purchases is sustainable, or other public entities' catalysts for accelerating the adoption of commercial electric vehicles, and the potential impact on the cost and demand of Lightning eMotors products , The estimated delivery date of the new electric commercial truck, as well as the statement on the development of Lightning eMotors products and customers, its expectations, hopes, beliefs, intentions, plans, prospects or strategic income and expenditures, and the business plan of the Lightning eMotors management team. Any statements contained herein that are not statements of historical facts may be considered forward-looking statements. In addition, any statements involving predictions, forecasts or other characteristics of future events or conditions, including any basic assumptions, are forward-looking statements. "Expect", "believe", "continue", "may", "estimate", "anticipate", "intend", "may", "may", "plan", "may", "potential" and other words " "Forecast", "project", "should", "will" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that the statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by Lightning eMotors management based on their respective experience and views on historical trends, current conditions and expected future development, as well as their potential impact on Lightning eMotors, and their Other factors that are considered appropriate in this situation. There is no guarantee that the future development of Lightning eMotors will be expected. The forward-looking statements contained in this press release are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or results to differ from any future results or results expressed or implied by the forward-looking statements There are significant differences. These risks, uncertainties, assumptions and other factors include but are not limited to: (i) the actual number of zero-emission commercial trucks purchased under the agreement and the actual revenue generated, (ii) related to our operations And business and financial performance; (iii) our ability to deliver products and services under the agreement in accordance with the expected schedule; (iv) the success of our customer development plans will drive future revenue; (v) we execute business strategies and increase The ability to demand products and revenue; (vi) the potential impact on our costs; (vii) the potential severity, scale and duration of the COVID-19 pandemic, as it affects our business operations, global supply chain, and financial performance (Viii) Current market conditions and federal, state and local laws, regulations, and government incentives, especially those related to the commercial electric vehicle market; (ix) The size and growth of the market in which we operate ; (X) The product portfolio used by the company’s customers and their demand for these products; (xi) The market’s acceptance of new products and whether this will become a catalyst for others to purchase electric vehicles. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise from time to time. You should not place undue reliance on any forward-looking statements. Forward-looking statements should not be construed as guarantees of future performance or results, nor do they necessarily indicate accurately the time or time (if any) when such performance or results will be achieved. If one or more of these risks or uncertainties become reality, or if any assumptions prove to be incorrect, actual results may differ materially from those predicted in these forward-looking statements. We assume no obligation to update or revise any forward-looking statements, whether due to new information, future events or other reasons, unless applicable securities laws may require it.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211026005266/en/
Media Relations Nick Bettis (800) 223-0740 pressrelations@lightningemotors.com
Investor Relations Nick Bettis (800) 223-0740 Investorrelations@lightningemotors.com
The appearance of mid-size pickups reminds people that diesel locomotives are still important in established car companies.
The airline placed an order for 155 landmark single-aisle jets in 2017 and had already tested 13 before the Max was grounded globally in 2019.
After a period of co-production of electric vehicles (EV), Ford Motor Company (NYSE: F) and Rivian Automotive (NASDAQ: RIVN) publicly cancelled their plans on Friday, November 19th. Jim Farley, Ford’s chief executive, said that Ford now has confidence in designing and manufacturing electric cars. The market's reaction was that Ford's stock price fell slightly, while Rivian's stock price rose by more than 4% before the market closed on Friday.
Few stocks have caught the market’s imagination like Rivian (NASDAQ: RIVN), and this electric vehicle (EV) startup has only recently begun to generate revenue. Rivian has also entered a highly profitable market that has not been affected by electric vehicles (trucks and SUVs).
Should you buy Rivian stock because it is considering expansion plans after a large-scale IPO? The trading name of the EV startup company is RIVN.
Bell's HSVTOL series combines its V-22 Osprey tilt-rotor technology with its civilian eVTOL concept to achieve a greater range of 460 mph.
These companies focus on their technical prowess. It's just possible to separate them from the packaging.
The Chinese electric car manufacturer reported that its third-quarter sales were US$888 million and a loss of 15 cents per share. Wall Street expects sales of 789 million U.S. dollars, which is 18 cents.
Maersk, MSC, CMA CGM, Hapag-Lloyd and others are investing billions of dollars in quarterly profits for everything from starting an airline to getting into the cruise business.
"He's going to pick up a turkey. That's all he does. A simple errand at 7:30 in the evening," his daughter said.
Tesla requires drivers to agree to allow it to collect videos taken by car cameras in case of accidents or "serious safety risks."
Wichita Textron’s latest aircraft has now taken off. The local Textron Corporation (NYSE: TXT) division celebrated its Beechcraft Denali single-engine turboprop maiden voyage on Tuesday. The plane, powered by GE Aviation's new Catalyst engine, took off from the company's facility at Wichita Dwight D. Eisenhower National Airport at 8:20 on Tuesday morning and flew for nearly three hours.
Yamaha has made it clear that it no longer wants to have any relationship with the auto industry, but it is still a major player in the motorcycle field. Drivers who reserve a place in the garage for the MT-10 SP will need to wait until May 2022, and they will need to send a check for $16,899 to the Japanese company.
But how did Toyota do it?
Mazda CEO and President Jeff Gayton and Yahoo Finance's Seaa Smith, Adam Smith and Karina Mitchell discussed the company's new car plant in Alabama, the company's new cars and plans for electric vehicles.
There are many customers interested in Tesla’s Cybertruck, but will it arrive in time to take advantage of this interest?
The National Transportation Safety Board released a preliminary report on the deadly Halloween night plane crash near Cape Cod.
The Transportation Exchange Traded Fund (ETF) provides investors with exposure to a basket of stocks belonging to various companies in the transportation industry. This sector consists of companies that build infrastructure, manufacture vehicles or other equipment, and provide services to the industry.
For decades, the cheap NA Miata has been an approachable, friendly and ubiquitous entry point that inspires car enthusiasm. Replacing it will not be as simple as you think.
This ridiculous muscle car has brought some major surprises under the hood and in its history.