Shengfeng Development purchases 16 electric heavy-duty trucks

Shengfeng Development announced it has purchased 16 electric heavy-duty trucks with an aggregate value of $1.55M. The company plans to have at least 10% of its future purchases of heavy-duty trucks to be electric heavy-duty trucks. In addition to the purchase of electric heavy-duty trucks, the company will also build battery swapping stations in its regional sorting centers, cloud-based order fulfillment centers, and service outlets, to better serve its electric vehicles.