Reuters
Daimler launches new electric medium-duty truck brand in US
Commercial vehicle maker Daimler Truck on Thursday launched Rizon, a medium-duty electric truck brand for the U.S., aiming to take on the likes of Isuzu Motors Ltd and Toyota Motor Corp’s truck and bus unit Hino Motors Ltd. Truck makers have long anticipated a shift to electric vehicles (EVs) with lower maintenance costs, but uptake has been slow because of the higher purchase price and a lack of adequate charging infrastructure. Rizon will offer Class 4 and 5 trucks with lithium iron phosphate battery technology and start production in the third quarter of 2023, Andreas Deuschle, the global head of Rizon, said on a call with reporters.