Swedish Startup Volta Unveils Electric Truck

Electric Volta Zero. VOLTA TRUCKS
Electric Volta Zero. VOLTA TRUCKS
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Swedish Startup Volta Unveils Electric Truck

Electric Volta Zero. VOLTA TRUCKS
Electric Volta Zero. VOLTA TRUCKS

Swedish startup Volta Trucks on Thursday unveiled its Volta Zero, a 16-ton electric truck, with plans to start production in 2022 in the United Kingdom.

Following the success of companies such as Tesla in popularizing electric cars, electric trucks have also been getting a lot of attention from existing players such as Volvo and Daimler and startups like Rivian and Nikola, Reuters reported.

Trials will start next year with parcel delivery companies such as DPDgroup in the UK and other firms in Europe and Volta aims to put 500 vehicles on the road by 2022, CEO Rob Fowler told Reuters.

"We are also well progressed with another seven or eight customers," he said.

The company said the first Volta vehicle was manufactured by Prodrive in Warwick, England, and it is in discussion with a small number of suppliers for contract manufacturing of its trucks.

It declined to give details about its current funding.

Fowler said that the company is interested in raising funds to fuel the capital-intensive business.



Apple's iPhone Sales Capture Top Spot in Chinese Market in May, Counterpoint Research Says

FILE PHOTO: Signage is seen at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City, US, September 16, 2022. REUTERS/Andrew Kelly/File Photo
FILE PHOTO: Signage is seen at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City, US, September 16, 2022. REUTERS/Andrew Kelly/File Photo
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Apple's iPhone Sales Capture Top Spot in Chinese Market in May, Counterpoint Research Says

FILE PHOTO: Signage is seen at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City, US, September 16, 2022. REUTERS/Andrew Kelly/File Photo
FILE PHOTO: Signage is seen at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City, US, September 16, 2022. REUTERS/Andrew Kelly/File Photo

Apple's iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant's strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed.

The increase in global sales was primarily driven by a return to growth in Apple's two largest markets, China and the United States, preliminary data from Counterpoint Research showed.

The company was aided in part by tariff dodgers and also saw double-digit increases in Japan, India and the Middle Eastern markets, Reuters quoted Counterpoint as saying.

"Q2 iPhone performance looks promising at the moment, but as always, swings either way are dictated by two markets - the US and China," Ivan Lam, Senior Analyst at Counterpoint Research said.

Calculations based on data from the government-affiliated China Academy of Information and Communications Technology showed that April shipments of foreign-branded phones in China rose to 3.52 million units from 3.50 million a year earlier.

Apple has faced increased competition from domestic rivals in China and has resorted to price cuts to stay competitive.

Chinese e-commerce platforms were offering discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models in May.