Tevva Recordsdata Go well with In opposition to ElectraMeccanica in Arizona
Tevva is on the lookout for new companions in serial manufacturing of the corporate’s current 7.5-ton hydrogen-electric truck. (Tevva)
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Tevva Motors Ltd. filed swimsuit towards ElectraMeccanica Automobiles Corp. in a United States District Court docket in Arizona on Nov. 3, a spokesman mentioned Nov. 6, because the dispute between the onetime companions in constructing a Class 8 hydrogen-powered truck escalates.
U.Okay.-based truck maker Tevva is “in search of redress for the improper and unmerited purported termination” of the proposed merger with Burnaby, British Columbia-based ElectraMeccanica, which owns a facility in Arizona the place the Class 8 truck was set to be constructed.
The swimsuit accuses ElectraMeccanica of “spurious, defamatory allegations in a thinly-veiled try and justify its abrupt termination of a binding merger settlement with Tevva.”
Tevva can also be suing ElectraMeccanica CEO Susan Docherty.
ElectraMeccanica declined to remark when contacted by Transport Matters.
Tevva has not served ElectraMeccanica within the swimsuit, giving the corporate till Nov. 17 to fulfill the unique gear producer’s calls for, the spokesman mentioned.
Tilbury, England-based Tevva, which Oct. 23 was promising authorized motion after it mentioned ElectraMeccanica ended their marriage with none discover, firstly needs $75 million in damages and an injunction blocking ElectraMeccanica from getting into into another merger settlement.
The corporate additionally needs a “protecting order stopping [ElectraMeccanica] from dissipating its money (which shall be wanted to pay Tevva’s damages) by means of dividends, government compensation, and related wasteful actions.”
ElectraMeccanica ended the merger Oct. 4, citing “a number of incurable breaches” of the businesses’ merger settlement by Tevva, together with failing to reveal materials info. ElectraMeccanica promised Oct. 4 to hunt authorized recourse on account of the alleged breaches and needs $6 million lent to Tevva plus any curiosity repaid by Jan. 2.
The 2 corporations had deliberate to construct a hybrid electrical and hydrogen-powered Class 8 truck in Arizona.
ElectraMeccanica owns a 235,000-square-foot facility in Mesa, Ariz., the place Docherty in September instructed Transport Matters that serial manufacturing of a 19-metric-ton or 41,888-pound truck would begin in 2027.
The proposed automobile was anticipated to be based mostly on a 7.5-ton truck that Tevva manufactures.
Tevva is on the lookout for new companions in serial manufacturing of the corporate’s current truck, and mentioned in a Nov. 3 assertion that present manufacturing was not depending on any damages it was in search of from ElectraMeccanica.
ElectraMeccanica is also trying to find new companions. In an Oct. 12 letter to shareholders, Docherty mentioned plenty of corporations already had reached out to ElectraMeccanica about partnerships, together with some it held talks with earlier than the short-lived merger with Tevva was unveiled.
