First Blue Arc™ Class 4 EV Trucks Ship

Rhea-AI Summary

The Shyft Group has begun shipping its first Blue Arc™ Class 4 EV trucks to multiple customers, including a leading parcel delivery customer. This milestone marks the transition to regular production of electrified fleet solutions. The vehicle, developed over three years through customer collaboration and rigorous testing, features the company's Work-Driven Design® process.

The commercial-grade truck includes ergonomic seating, noise-reducing cab, advanced safety systems, and configurable cargo spaces ranging from 600 to 1,000 cubic feet. Key features include automatic electronic parking brakes and keyless entry with auto-lock capabilities.

Positive

• Successful transition to regular production of Blue Arc™ Class 4 EV trucks
• Secured multiple customers including a leading parcel delivery customer
• Product launch represents expansion into EV market segment

Negative

• None.

NOVI, Mich., Dec. 10, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ: SHYF), a North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced the first shipments of its Blue Arc™ Class 4 EV truck to multiple customers, including initial deliveries to a leading parcel delivery customer. These shipments mark the transition to regular production to meet demand for electrified fleet solutions.

"This is an exciting and proud moment for the Blue Arc team," said John Dunn, President and CEO of the Shyft Group. "What started in 2021 as a bold vision for fleet electrification has become a reality thanks to the dedication, expertise, and collaboration of our team. Together, we've delivered a commercial-grade vehicle that meets the demanding standards of our fleet partners and supports their transition to more sustainable fleet operations."

These shipments are the result of three years of customer collaboration, rigorous testing, and advanced manufacturing development. Created through Shyft's Work-Driven Design® process, the Blue Arc Class 4 EV truck reflects input from fleet operators and drivers, ensuring it prioritizes reliability, comfort, and versatility.

The commercial-grade truck features ergonomic seating, a noise-reducing cab, advanced safety systems such as automatic electronic parking brakes and keyless entry with auto-lock capabilities, and configurable cargo spaces ranging from 600 to 1,000 cubic feet. Designed to adapt to diverse fleet applications, it delivers exceptional performance without compromising payload or range.

About The Shyft Group

The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Our customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles and Services™ and Shyft Specialty Vehicles™. Today, its family of brands include Utilimaster®, Blue Arc™ EV Solutions, Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan® RV Chassis, Red Diamond™ Aftermarket Solutions, Builtmore Contract Manufacturing™, and Independent Truck Upfitters. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,000 employees and contractors across campuses, and operates facilities in Arizona, California, Florida, Indiana, Iowa, Maine, Michigan, Missouri, Pennsylvania, Tennessee, Texas, and Saltillo, Mexico. The Company reported sales of $872 million in 2023. Learn more at TheShyftGroup.com. 

CONTACTS

MEDIA
Sydney Machesky
Director, Corporate Communications
Sydney.Machesky@theshyftgroup.com
586.413.4112

INVESTORS
Randy Wilson
Vice President, Investor Relations and Treasury
Randy.Wilson@theshyftgroup.com
248.727.3755

 

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SOURCE The Shyft Group, Inc.

FAQ

When did The Shyft Group (SHYF) start shipping its first Blue Arc™ Class 4 EV trucks?

The Shyft Group began shipping its first Blue Arc™ Class 4 EV trucks in December 2023.

What is the cargo capacity of The Shyft Group's (SHYF) Blue Arc™ Class 4 EV truck?

The Blue Arc™ Class 4 EV truck offers configurable cargo spaces ranging from 600 to 1,000 cubic feet.

How long did it take The Shyft Group (SHYF) to develop the Blue Arc™ EV truck?

The Blue Arc™ EV truck was developed over three years, starting as a vision in 2021 and involving customer collaboration and rigorous testing.