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Ford has launched a new limited-edition matte black F-150 Lightning, which looks pretty sick.

Henry Ford famously said that “any customer can have a car painted any color that he wants so long as it’s black and Ford is reminding us of that with the launch of the new F-150 Lightning Platinum Black.

Even though it’s actually a wrap and not a paint job.

Ford describes the company’s first-ever matte-wrapped production truck:

“The F-150 Lightning Platinum Black is a monochromatic electric truck, combining the tech and power capability of the high-end Platinum trim level wrapped in a unique matte black wrap – the company’s first-ever matte-wrapped production truck.”

Only 2,000 units are going to be built and deliveries will start in early 2024 with a starting price of $97,995.

Ford is making the 300-mile extended-range battery standard on the limited-edition model.

The vehicle features a few design accents unique to the limited edition:

Here are a few more images of the F-150 Lightning Platinum Black:

Electrek’s Take

I am in the market for an electric pickup truck and I’ve been waiting to get the final specs and pricing on the Cybertruck, but this is almost making me forget about the Cybertruck.

I have a weak spot for black matte finishes and for me, this is one bad-ass-looking pickup truck.

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Oil giant Saudi Aramco begins massive share sale to raise around $12 billion

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Oil giant Saudi Aramco begins massive share sale to raise around  billion

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. 

Artur Widak | Nurphoto | Getty Images

Saudi state oil giant Aramco commenced its secondary public offering on Sunday as the company looks to raise in the region of $12 billion.

Books opened early Sunday morning offering a price range between 26.70 ($7.12) and 29 Saudi riyals per share. Aramco on Thursday announced its plan to sell 1.545 billion shares — a stake of around 0.64%. At the midpoint of that range, the sale would total around $11.5 billion but could eventually reach up to $13.1 billion.

Four more banks were added to the share offering, Reuters reported on Sunday, including Credit Suisse Saudi Arabia and BNP Paribas.

The share sale is the company’s second, after Aramco first entered public markets in 2019 and offered 1.5% of the company to investors. That sale raised a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.

Saudi Arabia to sell $12 billion in Saudi Aramco shares

The latest offering comes at an opportune time for the kingdom, which in early May chalked its sixth consecutive quarterly budget deficit amid high spending on multitrillion-dollar megaprojects and simultaneous lower oil revenues.

But economists note that even a financial windfall from another Aramco stock sale will barely scratch the surface of the costs of Saudi Arabia’s Vision 2030 diversification plans, which — including giga projects like entirely new cities and all of the infrastructure that entails — are projected to cost more than a trillion dollars.

Vanda Insights: Aramco share sale is not surprising

— CNBC’s Ruxandra Iordache contributed to this report.

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Einride orders 150 Peterbilt 579EV electric semi trucks for US fleet

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Einride orders 150 Peterbilt 579EV electric semi trucks for US fleet

American truck brand Peterbilt has announced its biggest electric semi sale to date – with Swedish transport company Einride AB ordering 150 of the company’s 579EV BEV trucks.

Einride is known for its “Freight Capacity as a Service” offerings that transport customers with a managed, low-risk way to transition to zero-emission transportation. Integrating electric and autonomous vehicles, charging depot infrastructure, and their proprietary digital freight platform, Einride Saga.

Einride has been operating large-scale semi fleets internationally since 2020, setting the standard for sustainable logistics along the way. This fleet of new Peterbilt electric vehicles will service Einride’s North America customers.

“We are proud to announce this partnership with Peterbilt and Rush Peterbilt Truck Centers as we combine our technology platform with their premium hardware to provide a market leading offering as we collaborate on the future of electric freight,” said Niklas Reinedahl, general manager North America at Einride. “Bringing new technology to market is imperative to enabling the switch to electric freight operations and we look forward to seeing this further scale Einride’s footprint in the market.”

Peterbilt’s 579EV class 8 semi has an 82,000 lb. GVWR and a 670 peak hp (536 continuous) electric motor. Its 400 kWh battery is good for 150 miles of range, and can be fully recharged in about 3 hours on a DC fast charger.

“Peterbilt is a leader in commercial vehicle electrification and offers the industry’s most complete lineup of electric vehicles. Our focus on creating reliable zero emissions solutions enable Einride to electrify end-user fleets and support reducing tailpipe emissions in the transportation industry,” said Jason Skoog, Peterbilt general manager and PACCAR vice president. “The Model 579EV is an example of that focus and is the flagship of the Peterbilt electric vehicle lineup.”

Electrek’s Take

Einride’s new electric truck fleet; image via Peterbilt.

Einride is making big moves on the international scene, so seeing them ramp up their US business is great news for the American trucking business. And, while I’m admittedly surprised that a Swedish company like Einride would opt for a Peterbilt instead of a Volvo fleet, Petes are great trucks, and PACCAR won’t let them down.

SOURCE | IMAGES: Peterbilt.

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Two more Mack LR Electric garbage trucks hit the road in Ontario

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Two more Mack LR Electric garbage trucks hit the road in Ontario

In a bid to help the city of Kingston, Ontario achieve its sustainability goals, town leaders ordered two Mack LR Electric refuse models – the first two BEVs in its refuse fleet.

The City of Kingston developed a strategic plan for 2023-26 on its way to net-zero emissions by 2040. Part of that plan “to lead environmental stewardship” involve reducing carbon emissions from city operations with a comprehensive zero-emission fleet transition plan.

“We are excited for the opportunity to utilize the electric refuse trucks as some of our first ASL vehicles,” explains Karen Santucci, director, Public Works and Solid waste for the City of Kingston. “Increased safety for staff combined with a more environmentally friendly truck, offer benefits to both our staff and our residents.”

The city’s current refuse fleet currently includes 14 garbage trucks, seven recyclers, and two medium-duty packers. But while the Mack LR Electric models will be the first BEVs in the refuse fleet, Kingston also has two electric transit buses, six electric ice re-surfacers, and 35 light-duty BEVs and PHEVs in operation – so it’s well on its way towards full fleet electrification.

To support those electrification efforts, Kingston is deploying two of Mack Trucks’ 50kW Heliox chargers, with additional plans to deploy a 150 kW DCFC at their Transit Bus Depot.

The trucks themselves are among the first examples of the next-generation Mack LR Electrics to ship with 376 kWh NMC (Nickel Manganese Cobalt Oxide) lithium-ion batteries – which promise 42 percent more energy and increased range than before. Two electric motors produce 448 continuous horsepower and a staggering 4,051 lb-ft of torque from 0 RPM.

Electrek’s Take

The Mack LR Electric is part of a winning submission for a $10 million award by NYSERDA to introduce clean transportation solutions to the South Bronx; image courtesy Volvo Trucks.

Look, there is absolutely zero chance that I’ll be able to remain objective about anything that’s putting down more than four thousand lb-ft of torque. Make that thing quieter, cleaner, and generally better for me and my community, and there’s even less of a chance of me saying anything critical about it.

Here’s hoping more cities go electric rather sooner than later.

SOURCE | IMAGES: Mack Trucks.

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