ELECTRIC TRUCK MARKET ANALYSIS
Global Electric Truck Market: Key Developments
In February 2020, Volvo Trucks introduced a novel Class 8 battery-electric heavy duty trucks intended for regional transport and construction operations. The company unveiled its new vehicle at the TEC Equipment dealership event in California.
In April 2020, BYD Company Ltd. and Hino Motors, Ltd. entered into a strategic business alliance agreement for focusing on commercial battery electric vehicles development which comprises coaches, buses, and trucks among other commercial vehicles.
In March 2020, Daimler announced the launch of a novel medium-duty Freightliner eM2 106 and a heavy-duty Freightliner eCascadias electric trucks for customer testing in North America.
In March 2020, BYD Company Ltd. and Transcarsell, a transport service provider signed a contract for supplying 20 heavy-duty electric trucks in Ecuador.
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