Category: Electric

Sysco Receives First Battery-Electric Freightliner eCascadia Class 8 Truck

The first series-produced battery electric Freightliner eCascadia was recently delivered to Sysco Corporation, the top global distributor of food service equipment. Sysco could be paving the way for the future of sustainability in the food service distribution industry. Keep in mind that it manages one of the biggest private fleets in the country. At the […]

Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT

The investment bank's analysts believe demand for finished batteries could be met without China within the next three to five years, as a result of investments in the U.S. by South Korean conglomerates LG and SK Hynix, according to a Goldman report to clients viewed by the newspaper. The report calculated that to achieve a self-sufficient supply chain, countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining of lithium, nickel and cobalt, as well as $12.1 billion on refining of those materials, FT said.