Daimler Truck Holding AG

Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely."Demand for trucks is, I would say, unprecedented," said David Carson, SVP of sales and marketing for Daimler Trucks North America. "We've seen an incredible demand going through Covid and continuing well into next year. That demand actually exceeds our capacity and it exceeds the capacity of the entire industry." Somewhere…

Tesla CEO Elon Musk kicks off deliveries of the company's heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada.Tesla Inc.Tesla CEO Elon Musk kicked off deliveries of the company's first few production Semi trucks on Thursday, speaking on stage at the company's factory in Sparks, Nevada, with Dan Priestly, the company's senior manager for Semi truck engineering. As CNBC previously reported, Tesla set up lines and started production of the Semi outside of Reno this year at the site where it primarily makes the…

This image shows workers at Volvo Trucks' plant in Sweden.Volvo TrucksVolvo Trucks said Wednesday that production of three heavy duty electric truck models was now underway, with its president telling CNBC that the news represented "a big moment" for the firm.In a statement, Volvo Trucks said the electrified Volvo FM, Volvo FMX and Volvo FH vehicles could run at a weight totaling 44 metric tons.According to the company, the range for the electric FM is up to 380 kilometers, or just over 236 miles. Ranges for the FMX and…

Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry.Pony.aiBEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry.Annual production is set to reach about 10,000 trucks "within a few years," according to a press release. Small-scale deliveries are set to begin this year and next, with mass…

U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo.According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as much as 310 miles, or slightly under 500 kilometers. Refilling the hydrogen tanks will take 10 minutes while charging the battery "from fully depleted to 100%" will take five to six hours.The company's first…

Supply chain disruptions are still rippling across the globe, and the head of the world's largest truckmaker has warned that shortages of parts are slowing the production of thousands of its vehicles.Daimler Truck CEO Martin Daum told CNBC Wednesday that the current supply chain squeeze is among the worst he's seen in his more than 25-year career, resulting in major bottlenecks across the company's suite of brands."We are facing enormous pressure on the supply chain," said Daum, whose trucks are used for other vital…

According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021.Tomohiro Ohsumi | Bloomberg | Getty ImagesVolvo Trucks said Monday that it had begun to test vehicles that use "fuel cells powered by hydrogen," with the Swedish firm claiming their range could extend to as much as 1,000 kilometers, or a little over 621 miles.In a statement, Gothenburg-headquartered Volvo Trucks said refueling of the vehicles would take under 15…

Apple CEO Tim CookBrooks Kraft/Apple Inc/Handout via ReutersAn ongoing shortage of chips and other basic materials is forcing some of the world's biggest tech and automotive companies to scale back their targets this year.Apple CEO Tim Cook warned Thursday that the company was "not immune" to supply chain challenges, noting that the iPad business had "very significant supply constraints" during the most recent quarter. The iPhone maker's chief financial officer, Luca Maestri, said there are several challenges that need to…