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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

Motor 321
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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021. In September 2019, Hyundai and Cummins Inc. Hyundai fuel cell bus.

Hyundai 377
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Octillion Power Systems debuts new EV battery-leasing plan

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Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.

Power 307
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Porsche launches carbon offset program in US

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(PCNA) has enrolled all cars at its two Experience Centers—sand its fleet in the monthly subscription pilot, Porsche Passport—sin Porsche Impact. Following its corporate fleets, PCNA will soon offer Porsche Impact to USA customers who want to reduce the CO 2 footprint of their internal-combustion engines.

Porsche 207
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Porsche launches carbon offsetting program for US drivers

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The program is available to US customers after PCNA earlier this year enrolled its own Porsche Experience Center cars and its Porsche Passport subscription fleet. (PCNA) has launched Porsche Impact , an online tool that links individual CO 2 emissions to specific climate projects.

Porsche 186
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Mercedes-Benz will offer electric drive on all commercial van lines; electric eVito now available to order, eSprinter in 2019

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Further model ranges will follow, starting in 2019. The eVito will be followed in 2019 by the eSprinter. That said, electrification of the commercial fleet is not an end in itself, but follows the same principles as a classic drive when it comes to profitability. The line-up will then be rounded off by the Citan.

Mercedes 170
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Cirium: 21 years of airline passenger traffic growth wiped out in 2020

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From January to December airlines operated 49% fewer flights in 2020 compared to 2019—down from 33.2 million flights in 2019, while international flights suffered an even more precipitous drop as they were 68% below the 11.7 Fleets in storage (but not the A320). This marks an extraordinary 86% reduction in flights.

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