Smith Electric Vehicles U.S. (SEV) and the Tanfield Group announced today that the American maker of all-electric trucks will purchase its United Kingdom-based parent company, Smith Electric Vehicles U.K. for $15 million in January.

The company began its U.S. operations in Kansas City, Mo. in 2009. Led by chief executive Bryan Hansel, SEV is buying all of the assets and operating business of… → Read More