Modec's main rival in the UK was Smith Electric Vehicles, which is now a US company having bought out its long-established UK parent. In the UK, Smith has been building electric vehicles since 1920. Smith intend listing the company on the Nasdaq exchange this year sometime (date eagerly awaited by many), in what will be the biggest electric vehicles ipo since Tesla. They are now building over 40 electric trucks a week at their Kansas City plant, and plan to replicate that facility in 20 states, with a projected output of 100,000 electric trucks within 4 years. The next site (probably in California) is being announced within weeks. What will Navistar do about this? Will they give up on electric trucks now that Modec is gone? Or step in and save Modec? Or team up with another ev maker such as ZeroTruck? Or maybe a tie-up with another foreign maker?
FEATURED Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • Apr 17, 2024 8:00 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM
Branded Legacy, Inc. Reports Significant Net Income of Over $3.8 Million • BLEG • Apr 16, 2024 8:30 AM