LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Daimler Trucks to invest $40 million in Portland engineering center

Robert Frost by Robert Frost
May 17, 2024
in Industries
Daimler Trucks to invest  million in Portland engineering center
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Daimler Truck North America (DTNA) announced plans to invest more than $40 million in a new electric vehicle engineering facility at its Swan Island headquarters in Portland.

Daimler says its new, 110,000-square-foot engineering facility will bring together multiple research projects in one place, including battery electric and hydrogen-fuel cell electric vehicles. The investment is expected to add about 150 new, “high-wage” jobs to the area.

You might also like

Genesis GV90 gets the royal green treatment in latest appearance [Images]

Hyundai has a new baby EV in the works: Is this our first look at the IONIQ 1? [Images]

BYD’s new electric SUV delivers over 440 miles range for just $26,000

“Daimler Truck North America is proud to call Portland, Oregon our home,” said John O’Leary, president and CEO, DTNA. “We appreciate the City and State’s support of our expansion plans to further promote the development and proper testing of advanced technology and look forward to collaborating for many more years to come on training and employing a future-ready workforce.”

The new addition to DTNA’s “Electric Island” will accelerate the testing and development of charging equipment for commercial vehicles since a first-of-its-kind charging station for electric trucks was built in partnership with Portland General Electric (PGE) in 2021.

Daimler will also spend $3 million on a new Electric Vehicle Supply Equipment (EVSE) training center built adjacent to Electric Island that will be used for the DTNA dealer network and as a resource center for community stakeholders interested in the clean transportation industry. $1.5 of the $3 million will be funded through a forgivable loan from Prosper Portland, the city’s economic development agency.

Daimler’s has been part of City of Portland since the founding of the Freightliner brand in the city in 1942. Daimler acquired Freightliner in 1981, and established its North American trucks headquarters in Portland.

Elektrek’s Take

daimler electric trucks lineup
Freightliner’s electric truck line; via DTNA.

Trucks in North America are different from the trucks that roll across Europe and Asia, so it makes sense to invest more heavily into a dedicated North American engineering facility to build trucks that American drivers want.

Here’s hoping Daimler doesn’t spend too much of that money on hydrogen, though. That’s not the tech that’s gonna win.

SOURCE | IMAGES: Daimler, The Oregonian.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

What the papers say – May 17

Next Post

DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Genesis GV90 gets the royal green treatment in latest appearance [Images]
Industries

Genesis GV90 gets the royal green treatment in latest appearance [Images]

February 16, 2026
Hyundai has a new baby EV in the works: Is this our first look at the IONIQ 1? [Images]
Industries

Hyundai has a new baby EV in the works: Is this our first look at the IONIQ 1? [Images]

February 16, 2026
BYD’s new electric SUV delivers over 440 miles range for just ,000
Industries

BYD’s new electric SUV delivers over 440 miles range for just $26,000

February 16, 2026
Segway Xyber e-bike hits new ,900 low, Jackery Explorer 1500 Ultra power station 9, Velotric T1 ST Plus 100-mile extender bundle, more
Industries

Segway Xyber e-bike hits new $2,900 low, Jackery Explorer 1500 Ultra power station $949, Velotric T1 ST Plus 100-mile extender bundle, more

February 16, 2026
Next Post
DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

Related News

Key AI hub China restricts schoolchildren’s use of the tech

Key AI hub China restricts schoolchildren’s use of the tech

May 15, 2025
SNP facing ‘critical moment’, defeated leadership candidate Forbes says

SNP facing ‘critical moment’, defeated leadership candidate Forbes says

April 19, 2023
Toyota unveils two sleek new EVs launching in China soon: Meet the bZ7 and Lexus ES

Toyota unveils two sleek new EVs launching in China soon: Meet the bZ7 and Lexus ES

April 28, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?