proterra

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...

The compact H-Series battery system powering the Blue Arc electric delivery van and EV chassis was designed to package between truck frame rails. The Blue Arc delivery van is a 100% battery-electric Class-3 commercial delivery vehicle designed for high-frequency, last-mile delivery fleets.

Nielsen served as President and Chief Executive Officer of Daimler Truck North America from April 2017 to April 2021, with responsibility for all aspects of Daimler Truck North America and its affiliated companies in the Western Hemisphere, Australia and New Zealand.