Electric Cars
Perkins and McElroy Unveil Innovative Battery-Electric Power Unit for Off-Highway Equipment

In a significant stride towards sustainable heavy machinery, industry leaders Perkins and McElroy have unveiled a revolutionary battery-electric power unit. This innovative 'drop-in' system is engineered to enable original equipment manufacturers (OEMs) and upfitters to seamlessly convert their diesel-powered off-highway equipment to electric, marking a pivotal moment in the industry's green transition. The collaboration demonstrates a forward-thinking approach, addressing the growing demand for cleaner, more efficient operational solutions in demanding work environments.

The newly developed power unit is designed to integrate effortlessly into machinery, occupying the identical footprint as its conventional diesel counterparts. Its inaugural application is demonstrated within the McElroy TracStar 900i pipe fusion machine, a specialized piece of equipment vital for heat-welding thermoplastic pipes. This direct replacement capability simplifies the electrification process, making it viable for both new manufacturing and the retrofitting of existing fleets. By substituting Perkins' 134-horsepower, 3.6-liter 904 Series Tier V diesel engine, the battery unit facilitates the deployment of zero-emission alternatives, extending the operational reach into environmentally sensitive areas or indoor settings where emissions are restricted.

Jaz Gill, Vice President of Global Sales and Marketing at Perkins, emphasized the company's dedication to assisting clients in navigating the evolving landscape of power system requirements. He highlighted Perkins' diverse portfolio, which includes advanced power systems ranging from electric and diesel-electric to alternative fuel-compatible engines. Gill underscored that the fully integrated battery-electric power unit, comprising a Perkins battery, inverters, motors, and on-board chargers, is packaged compactly to ensure a smooth transition from diesel to electric for customers ready to embrace this change.

McElroy's President and CEO, Chip McElroy, expressed enthusiasm for the new opportunities presented by an electric, emissions-free power unit. He lauded the Perkins team for their exceptional integration of the battery-electric system into the TracStar 900i, eagerly anticipating the market's reception of this groundbreaking concept. The rapid nine-month development cycle for the electric-powered pipe fusion machine suggests that future electrification projects for other Perkins-powered equipment, such as small excavators, telehandlers, pumps, and gensets, could proceed even more swiftly, accelerating the industry's shift towards sustainable practices.

This pioneering collaboration between Perkins and McElroy signifies a crucial step in the electrification of off-highway equipment. By offering a practical, high-performance battery-electric power unit, they are not only addressing environmental concerns but also providing a viable pathway for businesses to enhance their operational flexibility and sustainability in the long term.

Lucid's Stock Soars: Analyst Predicts Double Growth Following Strong Q2 Deliveries

Lucid Motors, a prominent player in the electric vehicle market, is currently experiencing a wave of renewed investor confidence. The company has demonstrated remarkable consistency, marking its seventh consecutive quarter of elevated vehicle deliveries. This sustained growth trajectory has not gone unnoticed, particularly by financial analysts closely monitoring the automotive sector. Amidst this backdrop of expanding operational success, a prominent analyst from Benchmark has articulated a highly optimistic outlook for Lucid's stock, foreseeing a potential doubling of its value. This positive forecast is significantly underpinned by the company's robust financial standing and its ambitious roadmap for future product development, signaling a potentially transformative period for the EV manufacturer.

Lucid's Stellar Performance Ignites Investor Optimism and Ambitious Future Plans

In a significant development for the electric vehicle industry, Lucid Motors has once again captivated market attention with its impressive performance in the second quarter of 2025. The company announced a record-breaking delivery of 3,309 vehicles, marking its seventh consecutive quarter of increasing deliveries. This consistent upward trend has garnered considerable acclaim from various financial analysts, highlighting Lucid's burgeoning presence in the competitive EV landscape.

Following a recent dialogue with Lucid’s Chief Financial Officer, Taoufiq Boussaid, who assumed his role in January, Benchmark analyst Mickey Legg expressed profound confidence in the company's trajectory. In a research note disseminated on Thursday, Legg affirmed, “After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale.” Legg underscored Lucid’s formidable financial foundation, citing its “$5.7 billion of total liquidity, manufacturing flexibility, and leading technology” as key drivers for future expansion. Consequently, Benchmark reaffirmed its “Buy” rating for Lucid stock, setting an ambitious price target of $5.00 per share. This positive sentiment prevails despite a recent market correction, where Lucid’s stock, currently trading at $2.30 per share, saw a 25% decline in 2025, even after a more than 10% surge following the release of its robust Q2 delivery and production figures.

Lucid is not merely resting on its laurels. The company is actively escalating the production of its groundbreaking electric SUV, the Gravity, and has reiterated its commitment to manufacturing 20,000 vehicles this year. The Gravity, touted as a “no compromise” SUV, boasts an extraordinary range of up to 450 miles on a single charge, offers more spacious interiors than a Ford Explorer, and delivers the exhilarating acceleration akin to a sports car.

Looking further ahead, Lucid is poised to introduce its mid-size EV platform in late 2026. Marc Winterhoff, Lucid’s interim CEO, confirmed in a recent podcast interview that this new platform will spawn three distinct models, referred to as “top hats.” The initial offerings are expected to be a mid-size electric crossover SUV and a sedan, both projected to start at approximately $50,000. This strategic pricing aims to directly compete with market leaders in the fiercely contested segment dominated by the Tesla Model 3 and Model Y.

Until the launch of the mid-size platform, Lucid’s primary focus remains on accelerating Gravity production. Winterhoff shared that early feedback on the electric SUV has been “phenomenal,” stating, “In all of my 25 years of working in the automotive industry, I’ve never seen that positive feedback.” With $5.76 billion in total liquidity at the end of the first quarter, Lucid assures that it possesses ample financial resources to sustain operations until the mid-size platform’s anticipated arrival in the latter half of 2026.

From a journalist’s vantage point, Lucid’s recent achievements and strategic foresight paint a compelling picture of a company on the cusp of a significant breakthrough. The consistent growth in deliveries, coupled with a robust financial position and an innovative product pipeline, suggests that Lucid is steadily carving out its niche in the burgeoning electric vehicle market. The confidence expressed by leading analysts like Mickey Legg is not unfounded; it reflects a deep dive into Lucid’s operational efficiencies, technological prowess, and strategic market positioning. The anticipation surrounding the Gravity SUV and the upcoming mid-size platform indicates a pivotal phase for Lucid, one that could redefine its standing as a formidable challenger to established giants in the EV space. However, success hinges on meticulous execution of production ramp-ups and effective market penetration strategies, especially as it ventures into highly competitive segments. If Lucid can maintain its current momentum and successfully bring its future models to market, it could indeed electrify investor portfolios and significantly impact the future of sustainable transportation.

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Kia's Innovative Solar Canopy Protects Vehicles and Powers Operations in Georgia
Kia America has unveiled an ingenious solution at its Georgia manufacturing facility, addressing both environmental protection and energy needs. Following a significant financial setback from hail damage in 2023, the automotive giant has installed a vast canopy that serves a dual purpose: safeguarding its newly assembled vehicles from severe weather while simultaneously harnessing solar energy to power its operations. This strategic investment not only mitigates future risks but also underscores Kia's commitment to renewable energy and sustainable manufacturing practices.

Driving Towards a Greener Future: Kia's Dual-Purpose Solar Protection System

A Strategic Response to Climate Challenges: Safeguarding Assets from Nature's Fury

In 2023, Kia experienced substantial financial losses when a severe hail storm damaged approximately 13,000 vehicles at its Georgia plant. This incident prompted a reevaluation of existing protective measures, leading to the development of an innovative and resilient solution. The company's CEO, Stuart Countess, emphasized the need for a different approach to safeguard finished products, directly addressing the vulnerabilities exposed by the natural disaster. This proactive step ensures business continuity and protects valuable inventory.

Harnessing the Sun: The Power of Integrated Solar Technology

The newly constructed protective canopy at Kia's Georgia facility is a marvel of engineering, boasting an impressive surface area of 3.2 million square feet. Integrated into this expansive structure are 17,000 solar panels, collectively capable of generating up to 13 megawatts of electricity. This substantial energy output is projected to fulfill between 20% and 30% of the factory's total power requirements, marking a significant stride towards energy independence and reducing reliance on traditional power grids.

Advancing Corporate Sustainability and Environmental Stewardship

This innovative solar integration aligns perfectly with Kia's overarching global sustainability objectives. The automaker has set an ambitious target to reduce its carbon emissions by 97% by 2045, relative to 2019 levels. A key component of this strategy involves transitioning all its manufacturing facilities to operate entirely on renewable energy sources. The Georgia plant's solar canopy is a tangible demonstration of this commitment, showcasing how large-scale industrial operations can adopt environmentally responsible practices.

Economic Incentives and Future Outlook: A Smart Investment in Green Infrastructure

While the precise cost of the hail protection and solar energy system remains undisclosed, a Kia spokesperson indicated that the project qualifies for investment tax credits under the Inflation Reduction Act. This financial incentive underscores the economic viability and long-term benefits of investing in sustainable infrastructure. The construction of the hail protection system is currently halfway complete, with full operational status anticipated by the end of the year, followed by the solar panel integration by early next year. Kia's Georgia factory plays a crucial role in its production, manufacturing popular electric vehicles such as the EV6 and EV9, alongside internal combustion engine models like the Sorento, Sportage, and Telluride crossovers.

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