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Engineers at electric maker Tevva work on a pre-production prototype truck at the startup's UK plant in Tilbury, Britain, January 14, 2022. REUTERS/Nick Carey Acquire Licensing RightsLONDON, Oct 23 (Reuters) - British electric truck maker Tevva has "re-engaged" with a number of possible merger partners following ElectraMeccanica's (SOLO.O) decision earlier this month to cancel their planned deal and said on Monday it has a number of trucks in production. The two companies announced their planned merger in August, giving Tevva access to U.S. production and targeting revenue of up to $1.5 billion in 2028, but Mesa, Arizona-based ElectraMeccanica terminated the agreement citing "failures by Tevva to disclose ... material information." In a statement it also said it had a number of fully electric 7.5 tonne trucks in production to hand over to customers. A few have begun bankruptcy proceedings, including Swedish-based electric truck maker Volta Trucks which filed for bankruptcy last week.
Persons: Nick Carey, Tevva, David Holmes Organizations: REUTERS, EV, Volta, Thomson Locations: Tilbury, Britain, British, Mesa , Arizona, Swedish
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