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Business News

Agreement

Japan

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Battery Systems, Supercapacitors & Solar

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Ownership

Toyota to take full control of battery JV with Panasonic

By Will Pulson – 6th April 2024

Formed in 1996, Toyota had gradually increased its stake in the JV andcurrently holds 80.5% of the shares and Panasonic the remaining 19.5%.

USA

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Agreement

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Aftermarket

Shyft Group selected to join Ford Pro Upfitter programme

By Bradley Osborne – 6th April 2024

‘Ford Pro Upfitter’ is the automotive manufacturer’s new accreditation programme, replacing its ‘Qualified Vehicle Modifier’ system.

China

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Agreement

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New Company

Bosch Venture Capital and others invest in Foton’s new, new energy commercial vehicles manufacturing company

By Will Pulson – 5th April 2024

The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.

Finland

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USA

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Autonomous Vehicles

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Agreement

Kalmar and Forterra to develop self-driving terminal tractors

By Bradley Osborne – 3rd April 2024

As per the agreement, Kalmar will develop “automation-ready” terminal tractors which will then be installed with Forterra’s self-driving technology, called ‘AutoDrive’.

Indonesia

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Joint Venture

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Manufacture

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Truck

Foton partners with Indomobil in Indonesia for truck assembly and distribution

By Will Pulson – 29th March 2024

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

USA

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Autonomous Vehicles

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Agreement

Traton brands announce autonomous truck partnerships with Plus

By Bradley Osborne – 27th March 2024

Plus says that on-road testing of Traton trucks installed with its ‘SuperDrive’ Level 4 autonomous driving technology has already begun in the USA and Sweden.

China

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Battery Systems, Supercapacitors & Solar

BYD subsidiary to supply battery cells for BorgWarner CV battery packs

By Luke Willetts – 27th March 2024

BorgWarner has announced that it will use FinDreams Battery pack design and cells to manufacture lithium iron phosphate (LFP) battery packs for the European, North American and Asian Pacific Commercial Vehicle (CV) markets.

Canada

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South Korea

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Agreement

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Wheels & Tyres

Hankook to supply tyres to Hino truck assembly plant in Canada

By Will Pulson – 26th March 2024

Hankook is to supply its AH37 and DL11 medium and long-distance tyres for fitting on Hino’s L-series trucks produced at Hino Motors Canada Ltd in Woodstock, Ontario, Canada, which are sold across North America market.

Australia

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Transmissions

Allison to equip 115 Iveco Eurocargo trucks for the Australian market

By Luke Willetts – 23rd March 2024

The company has equipped 115 Iveco Eurocargo ML150 4×4 trucks with the Allison 3000 Series six-speed fully automatic transmission with Power Take-Off. Built to handle steep inclines, the trucks have been shipped and will be in service across several Australian states facing bushfire emergencies.

India

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Distribution & Aftermarket

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Agreement

Scania India signs sales and service agreement with PPS Motors for heavy-duty tipper trucks

By RACE Innovations Pvt Ltd – 18th March 2024

The trucks arrive in CKD kit form from the HQ and factory in Sodertalje for assembly at Scania’s factory in Narasapura, Karnataka State, India. The tipper body is built and supplied by SSAB Swedish Steel (India) Pvt Ltd (a subsidiary of SSAB, Sweden) of Bengaluru.

Japan

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Agreement

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Restructure

Fuso-Hino merger likely to be delayed

By Will Pulson – 15th March 2024

The companies stated that the merger is delayed due to slower than anticipated processes in obtaining the necessary regulatory clearances and approvals under competition and other laws and regulations.

Germany

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Netherlands

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Agreement

Einride and Heineken deploy five e-trucks across the Netherlands and Germany

By Luke Willetts – 14th March 2024

Einride has partnered with Dutch brewer, Heineken, to provide a fleet of digitally optimised electric heavy-duty trucks, using renewable electricity, between Heineken’s Den Bosch brewery in the Netherlands and Duisburg distribution centre in Germany.

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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
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