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Shares of Nikola Corp (NKLA) are down by double-digits after the electric truck maker announced its fourth CEO, Michael Lohscheller, is stepping down, effective immediately.

Nikola gets a new CEO amid crunchtime

Lohscheller joined Nikola as president in February 2022, taking over as CEO in August after then-CEO Mark Russell announced his retirement.

The company said the move comes due to a family health matter where Lohscheller will be returning to Europe. He will remain at Nikola as an adviser through the end of September to support the transition.

Steve Girsky, chair of the board since September 2020, has been named the new Nikola CEO. Girsky will remain a member of the board, while Steve Schindler will be promoted to chair.

Girsky will be Nikola’s fourth CEO in just a few years. After the appointment, Girsky said, “Since Nikola’s inception, I have been a champion of its mission. I am energized to take on this role and build upon the work of Michael and the team.”

Nikola also reported its second-quarter earnings on Friday, revealing growing net losses and lower production.

Nikola-CEO-Q2
Nikola Q2 2023 earnings highlights (Source: Nikola Corp)

The company built 33 trucks in Q2, down from 50 in the same period last year. Shipments to dealers also fell from 48 last year to 45 in the second quarter. Nikola has now made 96 trucks this year, shipping 76 of them. Meanwhile, the company had its best retail quarter delivering 66 Tre BEV electric trucks.

On July 31, Nikola officially began serial production of its hydrogen fuel cell truck. According to the company, 18 customers have ordered over 200 units.

Nikola says the phase 2 assembly expansion is complete, with the new mixed-model line installed. The facility’s current capacity is 2,4000 trucks per year (on three shifts).

Nikola North American business
Nikola Tre BEV (Source: Nikola)

Amid the slowing deliveries, Nikola generated $15.4 million in revenue, down nearly 14% from 2022. Gross margins also slipped from 161% last year to 180% in Q2.

Overall, Nikola posted a net loss of $217.8 million, compared to a loss of $173 million in Q2 2022. The company ended the quarter with $226 million in cash, roughly unchanged from last year ($225.8 million).

Looking ahead, Nikola expects to deliver 300 to 400 trucks this year with targeted revenue between $100,000 and $130,000. Nikola is forecasting between 60 and 90 truck deliveries in Q3.

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Volvo Penta teams up with e-power to equip Boels with next-gen Battery Energy Storage Systems (BESS)

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Volvo Penta teams up with e-power to equip Boels with next-gen Battery Energy Storage Systems (BESS)

Veteran marine and industrial power solutions company Volvo Penta has joined forces with energy solutions provider e-power to build battery energy storage systems (BESS). Volvo Penta’s battery systems for energy storage will power BESS units built by e-power that can be catered to a range of applications, most notably construction rental clients like Boels Rentals in Europe.

Volvo Penta is a provider of sustainable power solutions that currently serves land and sea applications under the Volvo Group umbrella. As more and more of the world goes all-electric, the global manufacturer has also adapted, sharing cultural values with Volvo Group to engineer new and innovative sustainable power solutions.

Nearly 100 years later, Volvo Penta remains an industry leader in marine propulsion systems and industrial engines. As more and more of the world goes all-electric, the Swedish manufacturer has also adapted, sharing cultural values with Volvo Group to engineer new and innovative sustainable power solutions.

For example, all Volvo Penta diesel engines now run on hydro-treated vegetable oil (HVO), reducing well-to-wheel emissions by up to 90% across the marine and industrial power industries. On the zero-emissions side, Volvo Penta has expressed its dedication to fossil-free power solutions, including battery electric components to serve heavy-duty applications such as terminal tractors, forklifts, drill rigs, and feed mixers, to name a few.

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To leverage its battery electric value chain, Volvo Penta has also ventured into battery systems for energy storage (or BESS subsystems). These energy-dense, purpose-built BESS subsystems can provide portable, sustainable energy for all-electric charging and reduce grid dependency.

Volvo battery
Source: Volvo Penta

Volvo Penta to deploy battery systems for energy storage

Volvo Penta recently announced a strategic partnership with e-power, a Belgian power solutions provider. Together, Volvo Penta and e-power will develop a scalable Battery Energy Storage System (BESS) for Boels Rental.

The collaboration continues a long-standing partnership between all three companies. Boels – one of the largest construction rental companies is a long-time customer of e-power generators that utilize Volvo Penta engines. As the company shifts toward electrification and sustainability, it will again turn to those companies to deliver reliable performance.

Volvo Penta’s BESS subsystem comprises battery packs, a Battery Management System (BMS), DC/DC converters, and thermal management, combining to offer a compact, high-density, and transport-friendly solution optimized for rental operations. The company shared that this BESS design is integration-ready, enabling other OEMs like e-power to adapt and scale systems to customer-specific needs. Per e-power business support director, Jens Fets:

We’ve built our reputation on reliability and efficient power systems. Working again with Volvo Penta, this time on battery energy storage, allows us to meet the growing demand for energy in a silent, low-emissions, compact and mobile design—especially in rental applications.

The deployment of these new battery energy storage systems will help Boels cater to its customers’ growing demand for clean, silent, and mobile energy solutions in construction and other industrial applications. 

Aside from being more quickly adaptable to customer needs, Volvo Penta says its BESS architecture marks an overall shift in rental power systems. This is welcome news for all who support a cleaner, more sustainable future across all industries.

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2026 Mercedes-Benz GLC EV exterior leaks ahead of schedule

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2026 Mercedes-Benz GLC EV exterior leaks ahead of schedule

That didn’t take long! Just a few hours after Mercedes revealed the screen-heavy interior of its upcoming 2026 GLC EV, photos of the new crossover’s exterior – and that controversial grille! – leaked on Instagram and Reddit. We’ve got them here.

Two days ahead of the GLC EV’s officially schedule global debut, images that reportedly show the new 2026 Mercedes undisguised have leaked on Instagram and Reddit. They show the blocky new light-up grille on the nose of a very smooth, jellybean-like crossover shape that, despite Mercedes’ insistence that it’s moving away from the EQ series’ design language, looks an awful lot like an EQ Mercedes.

Check out the leaked images from kindleauto’s Instagram account, below, and see if you agree with that assessment.

If you need to see more before you feel comfortable commenting on the new SUV’s looks, there’s a few more angles over on the r/mercedes_benz subreddit.

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Leaked exterior pictures of the upcoming GLC EV
byu/Quick_Coyote_7649 inmercedes_benz

As with everything else on the internet, take those unofficial images with a grain of salt and maybe wait until the GLC EV’s official reveal in a few days’ time before casting your final vote on the new look – but there’s very little reason to believe the new Mercedes will look terribly different from what you see here.

Will the new grille and tech-forward interior with its massive, 39″ screen and MB.OS software be enough to turn the tide for Mercedes-Benz, enabling it to finally gain some traction in the electric crossover market? That remains to be seen, but the recently updated Tesla Model Y and crisply-styled new BMW iX3 with its 500 miles of range will make it an uphill battle, for sure.

We got a sneak peek at the new GLC back in July, when Mercedes-Benz Group CEO, Ola Källenius said that, “We’re not just introducing a new model – we’re electrifying our top seller.” Back then, we learned that the new GLC EV would have a wheelbase 3.1″ longer than the current ICE-powered model, as well as more head- and leg-room for its occupants and an extra 4.5 cubic feet (for 61.4 total) of cargo space.

Källenius also promised an innovative new 800V electric architecture and the latest battery tech, which will enable the electric GLC to add around 260 km (~160 miles) of WLTP range in just ten minutes thanks to more than 300 kW of charging capability.

SOURCES | IMAGES: kindleauto; Quick_Coyote_7649.


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E-quipment highlight: John Deere TE 4×2 Electric Gator UTV

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E-quipment highlight: John Deere TE 4x2 Electric Gator UTV

For more than 30 years, John Deere’s go-anywhere Gator has been a trusted tool for ranchers, landscapers, and hobby farmers. But the all-electric TE 4×2 version of Big Green’s little truckster rarely gets to steal the spotlight from its ICE-powered 6×4 cousins.

We’re going to change that.

Unlike some of those other UTV brands that just recently entered the electric vehicle game, John Deere introduced its first all-electric Gator way back in 1998.

That OG E-Gator was designed from the ground up for quiet work in places like golf courses, university and hospital campuses, luxury resorts, and corporate grounds – but its go-anywhere design and quiet running made it a favorite of hunters and ranchers, too. Fitted with eight heavy, 12V lead-acid batteries, the ’98 Gator could deliver 6 hours of runtime between overnight charges.

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We haven’t come a long way, baby


TE 4×2 loaded w/ attachments; via John Deere.

If it ain’t broke, don’t fix it. That seems to be the mentality at Deere when it comes to the all-electric Gator. The TE 4×2 hasn’t chased trends or tried to reinvent itself with flashy autonomous tech. Instead, it’s relied solid, work-horsey reasons. Instead, the UTV has leaned on the formula that’s made it a winner for more than 25 years: bulletproof reliability, low maintenance, and a design that just works. Even the added weight of the low-tech batteries compared to more energy-dense li-ion deals makes sense in this application, providing weight over the drive wheels that delivers sure-footed traction on slippery grass or muddy trails.

That’s not to say the Gator hasn’t changed at all over the last few decades. The electrical system has been upgraded to 48V, and its high-capacity, deep-cycle batteries (12 kWh total capacity) give the TE 4×2 dependable, all-day runtime (up to 8 continuous hours) with the benefit of modern chargers, regenerative braking (!), and updated safety features.

The TE 4×2 electric Gator is available from your local Deere dealer with prices starting at $15,699. And, if you’re looking for an endorsement: my personal Gator is easily my favorite thing … maybe I should try to change my Twitter X handle to “GatorJo”?

Let me know what you think of that idea in the comments.

SOURCE | IMAGES: John Deere.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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