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☆ How electric trucks are becoming the norm for moving cargo
▼ + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com time to read: +6 min

Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.

Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam

☆ EV charging for the U.S. freight trucking market is starting to scale
▼ + stars: | 2024-03-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Einride plans to open many EV charging stations for freight trucking on the West and East coasts, though California is the only state in which there are any EV freight charging stations of scale today. Voltera, which develops, owns and operates EV infrastructure, said the site was permitted, built, electrified and operational in under 18 months. "In the world of charging infrastructure, that's pretty remarkable," its CEO Matt Horton said in a statement. One of the first EV charging stations of scale for freight trucks is opening near the major ports of Los Angeles and Long Beach, California, as the trucking market takes some limited, but significant steps to build the infrastructure required for a long-term transition to EV trucking and net-zero shipping. Additional EV charging projects at ports in New York and New Jersey, as well as the Pacific Northwest, are planned.

Persons: NFI, Matt Horton, Robert Falck, Einride, Moller, Erik Neandross, —, Neandross Organizations: EV, West, Volvo, Southern California Edison, Maersk, CNBC, Pepsi, Walmart, U.S, California Air Resources Board, Department of Energy, Environmental Protection Agency, EPA Locations: East, California, Lynwood, America, Southern California, Ontario , California, U.S, Sweden, Einride, Los Angeles, Long Beach , California, Government, New York, New Jersey, Pacific Northwest, Shanghai, Chicago

☆ People think self-driving cars should be 'better' than human drivers, executive says
▼ + stars: | 2024-01-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

AdvertisementMany people think self-driving cars should be better than human drivers, an industry executive said. "There's a difference between an accident caused by a human driver, and an accident caused by an autonomous system," said Majors. Advertisement"I think that the expectation is that they have to be a lot better than a human driver, because when there is an accident and the computer's involved, there's less empathy or understanding." Majors said that Motional, a Hyundai-Aptiv joint venture developing autonomous technology, had operated more than 2 million miles autonomously with no at-fault crashes. Cruise, which was trialing "robotaxi" services that ferried passengers around San Francisco without a human driver, was forced to recall its entire fleet late last year.

Persons: Laura Majors, Motional, Cruise, —, Majors, Tesla, Elon Musk's, Robert Falck, " Falck Organizations: Hyundai, Tesla, Service, Economic, GM, Einride, Business Locations: San Francisco, Davos, Cruise, California

☆ Einride CEO on decision-making and CapEx in a higher rate environment
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEinride CEO on decision-making and CapEx in a higher rate environmentRobert Falck, Founder and CEO of Einride, discusses how rising rates impact decision-making, hiring, and capital expenditure.

Persons: Robert Falck

☆ How the Middle East is preparing for the post-oil, EV era of transportation
▼ + stars: | 2023-07-20 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. The Middle East, a region long known for its oil and gas riches, is investing in a new, more sustainable future potentially dominated by electric vehicles. The electric vehicle sector is booming in Israel, with electric vehicle deliveries in the first half of this year over 210% higher than the same period last year. "There's a growing recognition that countries need to do something on climate," said Tammy Klein, chairperson of the Electric Vehicle Council. "I think Middle Eastern countries are no different."

Persons: Larry Fink, Amin Nasser's, Tammy Klein, Klein, Robert Falck, we'll, " Falck Organizations: BlackRock, Saudi, Lucid, Gauss Auto, Marson Group, Electric Vehicle Council, EV, Einride, UAE Ministry of Energy, Infrastructure Locations: Saudi Arabia, Saudi Aramco, Israel, Bahrain, American, U.S, Europe, UAE, Sweden, It's, Abu Dhabi, Dubai, Sharjah

☆ Self-driving truck company Einride expands into Norway
▼ + stars: | 2023-06-16 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +2 min

COPENHAGEN, June 14 (Reuters) - Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners up with Scandinavia's leading postal service, PostNord, the company said on Wednesday. Using Einride's electric trucks, PostNord will reduce its fossil-fuel-driven deliveries in Norway by more than 1,500 km (932 miles) per day. Many goods can be transported with zero-emission vehicles, resulting in a significant environmental benefit, according to assistant director of sustainability at PostNord Norway, May-Kristin Willoch. Swedish start-up Einride driverless electric truck is seen in Jonkoping, Sweden May 15, 2019. Self-driving technology for freight trucks has attracted investor attention in recent years as it is deemed cheaper and easier to roll out than self-driving cars.

Persons: Robert Falck, Kristin Willoch, Ilze, PostNord, Johannes Birkebaek, Mark Potter Organizations: REUTERS, Einride, Thomson Locations: COPENHAGEN, Swedish, Norway, Jonkoping, Sweden, Oslo, Denmark

☆ EV big rigs already make sense for half of the $4 trillion freight truck market, says Einride CEO
▼ + stars: | 2023-05-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +4 min

Swedish EV trucking startup Einride has been able to so far go toe-to-toe with Tesla and its Semi in attracting top corporate clients. "In the $4 trillion freight mobility space, between 40%-50% should be electric driven by the business case today," Falck said on CNBC's "Worldwide Exchange" in an interview on Thursday after his company ranked No. "In the near-term, of course, the business case for diesel becomes slightly better," Falck said in the April interview. In freight, unlike the consumer market, "it's not about range, it's about how to secure the business case," he said. Swedish electric vehicle maker Einride will supply two of its heavy-duty trucks to PepsiCo as part of an expansion into the U.K. Einride

☆ The CEO of EV truck maker Einride on the vision to disrupt the transportation industry
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe CEO of EV truck maker Einride on the vision to disrupt the transportation industryRobert Falck, founder & CEO of electric truck maker Einride, discusses the company's new deal with PepsiCo to help decarbonize the drink & snack giant's fleet in the UK.

☆ The Swedish rival to Tesla's Semi scores a deal with PepsiCo to deliver snacks in the UK
▼ + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Home appliances company GE Appliances began testing an Einride vehicle without a safety driver on board on U.S. public roads in October 2022. Einride said its U.K. vehicles will be driven by human operators. Operating electric trucks to ship goods across countries at scale is a tough thing to accomplish. "So we're looking at a transport system, where the efficiency is 6%," Falk said. "So that means that you are at 94% waste of the potential of the transport system itself.

[1/4] An Einride Pod, an electric self-driving truck developed by Einride, which has no cabin for a driver, is shown in this undated handout photo obtained by Reuters on November 3, 2021. Einride/Handout via REUTERS/File PhotoDec 7 (Reuters) - Swedish electric self-driving truck start-up Einride said on Wednesday it had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers. A $300 million debt facility was signed with Barclays Europe, while $200 million in equity came from new and existing investors, including EQT and Northzone, Einride said in a statement. Some $90 million of the equity came in the form of earlier debts being converted to shares. The company's business is based on self-driving technology for freight trucks, which has attracted investor attention in recent years as it is deemed to be cheaper as well as easier to roll out compared to self-driving cars.

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