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First Volta Zero EV Truck Completed in Austria

By Michael Elkins Electric truck startup, Volta Trucks (NYSE:VLTA) confirmed that the first Volta Zero vehicle has been completed at the company’s facility in Steyr, Austria. The...
First Volta Zero EV Truck Completed in Austria © Reuters First Volta (VLTA) Zero EV Truck Completed in Austria
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By Michael Elkins

Electric truck startup, Volta Trucks (NYSE:VLTA) confirmed that the first Volta Zero vehicle has been completed at the company’s facility in Steyr, Austria. The first of a series of second-generation ‘Production Verification’ prototypes, the Volta Zero will form part of a Pilot Fleet of trucks to be loaned to customers for extended periods.

Kjell Walöen, co-founder and Chief Manufacturing and Logistics Officer of Volta Trucks, said: “This first vehicle rolling off the line at our manufacturing plant in Steyr is the latest significant milestone on the Volta Trucks journey towards the start of production of customers’ vehicles. To have achieved this significant landmark in just 12 months is a testament to the pace that we are working at to deliver the safest and most sustainable trucks to urban streets, and the excellent collaboration we have with our partners at Steyr Automotive.”

Volta’s facility is contracted and run by Steyr Automotive, formerly MAN Truck and Bus Austria, and has a reserved capacity of 14,000 vehicles per year for Volta Trucks from their total available production. Over time, manufacturing the Volta Zero will create 510 jobs, plus 180 jobs in the building, in addition to an estimated 2,000 positions within the supply chain.

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    Crude Oil WTI 81.80 Buy  
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    Euro Stoxx 50 3,335.30 Neutral  
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    Hang Seng 17,250.88 Buy  
    Small Cap 2000 1,725.13 ↑ Buy  
    IBEX 35 7,442.20 Neutral  
    BASF 39.415 ↑ Buy  
    Bayer 48.19 Neutral  
    Allianz 160.72 ↑ Buy  
    Adidas 130.24 ↑ Buy  
    Lufthansa 5.772 ↑ Buy  
    Siemens AG 99.46 ↑ Buy  
    Deutsche Bank AG 7.854 ↑ Sell  
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