The Pak Banker

Wal-Mart joins retailers planning to try out Tesla truck

- SAN FRANCISCO -AP

Customers are starting to place orders for Tesla Inc.' s new all- electric Semi truck, with retail giant WalMart Stores Inc. preorderin­g for both its U. S. and Canadian units.

"We have a long history of testing new technology -including alternativ­e- fuel trucks -- and we are excited to be among the first to pilot this new heavy-duty electric vehicle," Wal-Mart spokesman Kory Lundberg said in an email. "We believe we can learn how this technology performs within our supply chain, as well as how it could help us meet some of our long-term sustainabi­lity goals, such as lowering emissions."

While electric passenger cars get all the buzz, the move to electrify big rigs has been moving swiftly under the radar, given their high emissions profiles and hefty fuel costs. Adding autonomous features on top of electrific­ation can also help operators save on labor costs, a major upheaval for a commercial trucking industry that's gone virtually unchanged for decades.

Lundberg said Wal-Mart has preordered five of the electric trucks for the U.S. and 10 for Canada.

Meijer Inc. has reserved four Semi trucks for $5,000 deposits apiece, Dan Scherer, a fleet manager for the Grand Rapids, Michigan-based retailer, said after the product's unveiling Thursday at Tesla's design studio near Los Angeles. He said the closely held company operates 220 trucks in six states in the Midwest.

"Electric drivetrain­s are a proven technology," Scherer said in an interview. "Electricit­y is cheaper fuel than diesel, and you are less dependent on the spot pricing of fossil fuel."

J. B. Hunt Transport Services Inc. placed a reservatio­n to buy multiple Tesla Semi tractors, the company said in a statement Friday. The Lowell, Arkansas-based logistics company said it will deploy the trucks on the West Coast.

"Reserving Tesla trucks marks an important step in our efforts to implement industrych­anging technology," said Chief Executive Officer John Roberts. "We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainabl­e technology." Tesla shares climbed as much as 4.5 percent Friday and traded up 2 percent to $318.81 as of 11:29 a.m. in New York.

 ?? GUANGZHOU
-AP ?? Executives from Volkswagen Group China and partner JAC Motors pose for a photo at the Guangzhou auto show.
GUANGZHOU -AP Executives from Volkswagen Group China and partner JAC Motors pose for a photo at the Guangzhou auto show.

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