PACCAR (PCAR) To Showcase 3 Next-Gen Vehicles At CES 2020
Zacks Investment Research | Jan 08, 2020 08:46PM ET
PACCAR Inc. (NASDAQ:PCAR) will exhibit three autonomous and alternative powertrain commercial vehicles, namely a level 4 autonomous Kenworth T680, a battery-electric Peterbilt model 520EV and a battery-electric Kenworth K270E, at the 2020 Consumer Electronics Show (CES). Peterbilt and Kenworth, subsidiaries of PACCAR, have designed these trucks for a range of customer applications, including over-the-road goods transportation, refuse collection and urban distribution.
While the Kenworth T680 autonomous truck shows PACCAR's commitment to the advancement of self-driving commercial vehicles, the battery-electric Peterbilt model 520EV trucks gather waste on residential and commercial roads, running on a single charge for a full day. Currently, model 520EV trucks are being field tested by customers and delivery of the same is expected in 2021.
Further, the Kenworth K270E battery-electric vehicle is a medium-duty commercial vehicle, with a range of 100 to 200 miles, ideal for local pick-up and delivery operations. Kenworth expects to deliver these trucks to customers in 2020.
PACCAR invests in next-generation technology across its range of industry-leading transport solutions that are environmentally friendly and at the same time, improve customers’ operations.
Meanwhile, Peterbilt also announced its partnership with Dana Incorporated (NYSE:DAN) , in order to produce electric powertrains for Peterbilt Model 220EV battery electric vehicles.
In its 220EV chassis, Peterbilt will integrate the Spicer Electrified e-propulsion system from Dana. The truck will feature a range of 100 to 200 miles, with two battery packs and an on-board charger. These ultra-modern battery packs can be recharged in about an hour using the DC-fast-charging system of the vehicle, making the 220EV suitable for local pick-up and delivery, as well as short regional haul operations.
PACCAR is well positioned in key markets on the back of R&D and capex investments, and a strong cash flow which has enabled the company to invest $6.6 billion in new and expanded facilities, innovative products and new technologies in the past decade.
Zacks Rank & Other Stocks to Consider
PACCAR currently carries a Zacks Rank #2 (Buy). The stock has outperformed the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.