Automotive

Volvo Trucks unveils new fully electric axle for extended range

By David Sickels
October 4, 2022

Volvo Trucks has revealed a completely new, fully electric rear axle. Freeing up space for more batteries, the company says the new e-axle means even longer range for Volvo’s battery electric trucks.

The new e-axle, presented at the IAA fair in Hannover, Germany, allows even more batteries on the truck by integrating the electric motors and the transmission into the rear axle. Volvo Trucks will start serial production of cab-over engine trucks with the new e-axle in a few years from now.

Volvo Trucks says it has a three-path strategy to reach zero emissions; battery electric, fuel cell electric and combustion engines that run on renewable fuels like biogas, HVO or even green hydrogen.

Lucid Group reports positive financial outlook in Q3

Lucid’s Q3 report includes info on a new SUV, COO appointment, closing an Aston Martin deal and adjusting 2023 production from 8,000 to 8,500.

By Christian Hinton
November 22, 2023

Lucid Group released financial results for its third quarter ending Sept. 30, 2023. Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production outlook for 2023 to 8,000–8,500 vehicles to prudently align with deliveries.

"We delivered on our commitments to complete the Lucid Air lineup on time with Pure RWD and Sapphire, transition general assembly to our Phase 2 factory in Arizona, and open our first plant in Saudi Arabia. We recognize we still have work to do on our customer journey and deliveries," Peter Rawlinson, Lucid's CEO & CTO, said.