proterra

The Mack Pioneer will be the first delivery of a completely in-house electric platform utilizing Mack’s proprietary e-axle and Proterra batteries. Proterra is part of the Volvo Group, with offices in California and South Carolina, and its products are designed, engineered, and assembled in the U.S....

"The new H2-23 battery pack represents more than just a technological advancement — it embodies our renewed focus on powering the shift to a sustainable future," said Claire McConnell, Chief Business Officer at Proterra. "We've created a solution that delivers unparalleled performance even in the mo...

Volvo communicated that the acquisition was made at a purchase price of USD 210M before adjustment for inventory level at closing. The agreement includes a development center for battery modules and packs in California and an assembly factory in Greer, South Carolina.

Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210 million. Proterra had filed for Chapter 11 bankruptcy protection back in August. Alastair Hayfield (Interact Analysis): "This acquisition...

According to the official statements, while navigating this process, the company is committed to maintaining normal business operations and harnessing the opportunity to optimize its product lines.

Proterra is expected to begin deliveries to customers of Proterra Powered battery systems from the new battery factory in the first quarter of 2023. In addition, Powered 1 has started production of drivetrains and other ancillary systems incorporated into electric medium- and heavy-duty electric veh...