Nissan has added two battery electric powered (BEV) trucks to a crucial link in its supply chains. The heavy-duty Class 8 trucks, manufactured by Nikola and Kenworth, will pick up new vehicles from the Port of Los Angeles and deliver them to dealerships across the Los Angeles region.
“Exploring the use of BEV trucks for new vehicle delivery is an important milestone in our journey toward carbon neutrality throughout our business,” said Chris Styles, the vice president of supply chain management for Nissan North America.
"Appropriately," the company said, the BEV car-haulers' first delivery will include a shipment of Nissan's new, all-electric crossover, the 2023 Ariya.
The project is designed to help Nissan understand the challenges of using all-electric trucks for car-hauling. After the trial, the company plans to deploy additional BEV trucks in the region, with the goal of eventually using them for a variety of supply chain needs.
Nissan said it is one of the first automakers to use BEV for vehicle transportation, and that the effort fits into the company's longer-term goal of making electric cars 40 percent of U.S. sales by 2030 and achieve carbon neutrality across its operations by 2050.
“By being an early adopter of this technology, we’re showcasing our innovative spirit and positioning ourselves to meet our long-term goals for zero-tailpipe-emission transportation," said Styles.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
