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Smith Electric Vehicles is returning to the U.S market after it announced an agreement to form a joint venture with Hong Kong-based FDG Electric Vehicles.
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Senior Editor Tom Berg looks at the state of the electric truck market as fleets struggle to balance benefits with economics.
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Following recent reports it suspended production, a producer of all-electric medium commercial vehicles, Smith Electric, has secured a $42 million investment so it can resume operations.
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Reports of Smith Electric Vehicles’ death may have been exaggerated. Published news stories quote the company’s president as saying it will restart operations in a few months with new financial backing, more efficient manufacturing and a revised line of battery-electric trucks.
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Smith Electric Vehicles is alive and operating, even if it’s not building trucks for a while, according to Bryan Hensel, the specialty builder’s CEO and co-founder, refuting reports that the company had closed.
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The commercial electric truck maker Smith Electric Vehicles has suspended production for an unspecified period of time. The DOE awarded the company $32 million in grants during 2009 and 2010 to produce more than 500 vehicles to be placed in various fleets across the U.S., however, only 439 have reportedly been produced.
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Frito-Lay’s Mike O’Connell leads a team that focuses on adapting the best leading-edge technologies for its specific needs.
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The Houston-Galveston Area Council is partnering with the Center for Transportation and the Environment and Smith Electric Vehicles Corp. to replace existing diesel-powered delivery vehicles with all-electric medium- and heavy-duty Smith Newton trucks in the Houston-Galveston area.
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Smith Electric Vehicles has signed a letter of intent to form a joint venture with Taikang Technology Corp. in Taiwan. Taikang Technology, a commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.
Read More →A research team from Georgia Tech compared medium-duty electric and diesel urban delivery trucks for a range of scenarios and discovered the total costs of ownership were very similar – but the cost-competitiveness of the electric truck drops in drive cycles with higher average speed.
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