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Nikola Announces Sales And Service Partnership With RIG360


Nikola Announces Sales And Service Partnership With RIG360
Apr 11, 2021 1m ago
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RIG360 dealer network consists of more than 65 service center locations.
Nikola has announced a strategic partnership with the RIG360 dealer network to provide sales and service products for commercial customers.
The RIG360 network consists of seven individual dealerships (Blanchard Machinery, Cleveland Brothers, Foley Equipment, MacAllister Machinery, Thompson Machinery, Thompson Tractor, and Yancey Bros. Co.), that average more than 75 years of experience.
The plan is to utilize more than 65 RIG360 dealer locations (see the map here) throughout the Southeast, Midwest and Northeast regions of the United States.
According to the press release, those service centers are ideally located in key metropolitan areas and at major intersections of the interstate highway system. ....

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Electric chassis maker Xos Trucks agrees to $575M SPAC merger


Electric chassis maker Xos Trucks agrees to $575M SPAC merger
Surging investor interest in electric vehicles sets stage to bring startup public
2,097 3 minutes read
Xos Trucks is heading for public trading via a reverse merger that expects the company to have a $2 billion valuation. (Photo: Xos Trucks)
Electric truck chassis maker Xos Trucks is going public with blank check backing from a special purpose acquisition company (SPAC). Xos will merge with NextGen Acquisition Corp. at an implied market capitalization of $2 billion.
North Hollywood, California-based Xos will get $575 million raised by NextGen (NASDAQ:NGAC) . NextGen raised $335 million through an initial public offering in which investors gave NextGen a “blank check” to pursue a merger. Another additional $220 million came via a private investment in public equity (PIPE).  ....

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Thompson Truck Centers Orders 100 Xos Electric Trucks


Thompson Truck Centers Orders 100 Xos Electric Trucks
Feb 19, 2021 at 8:19am ET
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Up to 1,100 will be ordered over the next three years.
Xos Trucks announced a partnership with Thompson Truck Centers, which over the next three years might order up to 1,100 electric trucks.
The initial order is for 100 units, which sounds like a major milestone for Xos, although the companies did not provide any further details about the type or specs of the vehicles.
Our partnership includes an initial 100-truck order, with the mutual goal to order up to 1,000 trucks over the next three years. Thompson Truck Centers, a subsidiary of Thompson Machinery, traces its roots back to 1944, when the Thompson family operated a GMC Truck Dealership. Today, Thompson Truck Centers continue to service and repair all makes and models of medium and heavy-duty trucks. ....

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