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3 weeks ago | 
industryweek.com | Jennifer Ramsay |Jill Jusko |Geert De Lombaerde |Laura Putre
In 2023, I wrote a story that featured custom fabrication company Morgan Li. Earlier that year, the company suffered a devastating blow when its 230,000 square-foot finished-goods warehouse, one of its five domestic facilities, was destroyed by a massive fire. The third-generation family business made plans to build a new facility in the same Chicago Heights neighborhood where it lost its warehouse space.
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3 weeks ago | 
industryweek.com | Jennifer Ramsay
The world’s fourth-largest automaker, Stellantis N.V, has faced recent EV-related troubles. Despite its goal to have all European passenger cars and U.S. light-duty trucks sales be electric by 2030, the company has faced delays on its electric offerings, including pushing the all-electric Ram 1500 REV from late 2024 to mid-2027. To combat that, the company is pivoting to hybrid offerings for the United States.
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1 month ago | 
industryweek.com | Jennifer Ramsay
We rate each company based on stated production and delivery goals, financials, major news or deals and the potential for its business to perform better. From worst to best:• None : The company isn’t doing well and the outlook isn’t great, either. • None : The company is meeting some goals but is still lacking in key areas. • None : The company is meeting most of its goals and has a pretty decent outlook.
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1 month ago | 
industryweek.com | Jennifer Ramsay
In what’s being called an “industry first,” EV charger manufacturer ChargePoint Holdings is collaborating with intelligent power management company Eaton to streamline the charger deployment process in North America and Europe. The two want to develop new technology that can turn chargers, electrical infrastructure and engineering services into a self-described “one-stop shop” for the EV charging ecosystem.
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1 month ago | 
industryweek.com | Jennifer Ramsay
Blink Charging is cutting its workforce by 20%, with executives saying the move— the second of its kind in nine months—is “difficult but necessary.”As of December 2024, the Maryland-based electric-vehicle charging company had 594 employees.
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1 month ago | 
fleetowner.com | Jennifer Ramsay
GEM Group could decide to take over the commercial EV manufacturer’s Mishawaka plant as part of its damages. After a four-year-long legal dispute, Mullen Automotive has settled its case with Gem Group over a November 2020 contract breach. The trouble first started in September 2021 when GEM Group, a global investment firm, alleged that Mullen had breached a securities agreement from the previous year.
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2 months ago | 
fleetowner.com | Jennifer Ramsay
NFI and Prologis Mobility have opened an electric truck charging depot in Ontario, California, to support NFI’s nearly 90-strong electric fleet. NFI, whose trucks handle drayage from the Ports of Los Angeles and Long Beach to the Inland Empire, has one of the largest Class 8 electric truck fleets in the nation.
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2 months ago | 
industryweek.com | Jennifer Ramsay
President Donald Trump’s tariffs have impacted, or are expected to impact, several parts of the automotive sector, potentially leading to higher prices and lower availability across the board. But what about the newer, electric players? Leaders at Lucid, VinFast, and the like have recently chimed in with their company plans.
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2 months ago | 
industryweek.com | Jennifer Ramsay
It’s no secret that Rivian has made large strides in reducing its expenses. In Q4 2024, the company posted its first profitable quarter. For the full year, it reduced operating expenses by $220 million compared to 2023. On the vehicle-specific side, teams managed to cut their automotive sector’s cost of goods sold per unit by $31,000.
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2 months ago | 
industryweek.com | Jennifer Ramsay
Lucid Group announced Friday it had won a bid to buy “select facilities and assets” previously held by hydrogen truck maker Nikola in a bankruptcy auction. The transaction doesn’t include Nikola’s business, customer base or technology related to its vehicles. Nikola first announced its bankruptcy last month shortly after offloading some of its battery assets to fellow EV manufacturer Mullen Automotive. The auction closed on April 10 as leaders sought a quick asset sale.
