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Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

California’s South Coast Air Quality Management District has approved the first installment of $27 million in a program that ultimately will provide up to $90 million to replace higher-polluting Class 8 trucks and port drayage trucks with zero-emission vehicles.

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

Valvoline Inc. launched the second iteration of its heavy-duty engine oil first released in 2018 — Valvoline Premium Blue One Solution Gen2.

J.B. Hunt Transport Services has issued a report that provides a window into the company’s current energy usage and outlines a series of corporatewide sustainability goals it has adopted.

Commercial trucking is making progress with sustainability, but obstacles and unknowns remain, according to a coalition of industry groups.

With little more than sketches and not fully baked prototypes, a crowd of electric vehicle startups have rounded up billions from investors. Can that fundraising engine drive a hydrogen-powered car?

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.