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#proterra

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#PhoenixMotor is now the official owner of #bankrupt #Proterra Transit
Heavy-duty #electricbus maker #ProterraTransit just rose from the ashes because Phoenix Motor officially acquired it from bankrupt Proterra Inc
Phoenix Motor received approval from the US bankruptcy court to close the deal. This means that Proterra Transit’s heavy-duty electric transit buses will now be added to Phoenix’s product line of medium-duty electric #buses.
electrek.co/2024/01/12/phoenix #EV #electricvehicle

#Volvo is buying bankrupt #Proterra’s #EV #battery business for $210M
Proterra‘s current remit is to transform medium- and heavy-duty commercial vehicles into EVs. Volvo makes #trucks, #buses, and construction equipment. This is going to accelerate Volvo Group’s battery-electric road map. Plus, it should work to #VolvoGroup’s benefit in some form when it comes to the “American-made” battery requirement in the Inflation Reduction Act for tax credits.
electrek.co/2023/11/10/volvo-g