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Business News

Agreement

Germany

|

Restructure

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eMaaS, Financial & Insurance Services

Traton to integrate MAN and Volkswagen Truck & Bus in its groupwide financial services

By Bradley Osborne – 24th July 2023

Traton has signed a framework agreement with its parent company, Volkswagen, which outlines the terms for selling and transferring the rights to provide financial services for MAN and Volkswagen Truck & Bus to Traton Financial Services.

Norway

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Autonomous Vehicles

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Electric Drive

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Agreement

Einride enters the Norwegian market

By Luke Willetts – 19th July 2023

Einride has signed a Memorandum of Understanding (MoU) with the Norwegian postal service, PostNord, to electrify 1,500km of Norwegian highway to bring zero-emission transport to the market.

Sweden

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Agreement

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Sustainability

Scania places first order for “green steel” made with hydrogen

By Bradley Osborne – 19th July 2023

H2 Green Steel is building a new steel mill in Boden in the north of Sweden which will employ green hydrogen instead of fossil fuels in the steel making process.

Sweden

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Germany

|

Agreement

ZF to supply Volta Trucks with brake, suspension, and steering components

By Bradley Osborne – 14th July 2023

The low cabin of the ‘Volta Zero’ will be supported by an independent front suspension from ZF which can support a vehicle width of up to 2,600mm and an axle load of 8,200 kg.

Poland

|

Agreement

|

Hydrogen Fuel Cells

Loop Energy signs supply agreement with Polish electric bus manufacturer

By Luke Willetts – 12th July 2023

This now extends Loop’s footprint beyond South Korea, Italy and Australia and now into Poland. The company calculates that its fuel cells are being used in 12,000 buses, a number that is only growing.

UK

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Agreement

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Electric Drive

Electra announces plans for 800km range BEV

By Luke Willetts – 11th July 2023

Electra’s involvement in the project began in January 2023 with a GBP 19 million/42-month project to build a pilot vehicle that demonstrates improved technological capabilities with range, efficiency, and design of components.

Austria

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Agreement

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Order

Kässbohrer signs an open-ended supply agreement with an Austrian construction company

By Luke Willetts – 10th July 2023

The Kässbohrer K.SPA M is an extendable heavy-duty platform developed by Kässbohrer in 3- and 4-axle versions and is available in different height options that can be coupled with mega and standard trucks.

Brazil

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Agreement

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Investment

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Compliance

TÜV Rheinland and Centro Tecnológico Randon sign a strategic partnership for the automotive sector

By Jose Secco – 9th July 2023

The Randon Technological Centre occupies an area of more than 90 hectares in Farroupilha, in the south of Brazil. With 15 kilometres of test field, more than 20 types of tracks and a 2,200 m² building with laboratories, engineering, and administration offices.

Germany

|

Mergers, Acquisitions & Disposals

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Electric Drive

Iveco finalises the acquisition of Nikola Iveco Europe

By Luke Willetts – 4th July 2023

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

Spain

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Electric Drive

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Agreement

BYD and Castrosua debut electric bus

By Luke Willetts – 3rd July 2023

Produced in Spain, the BYD-Castrosua 12-metre eBuses has been built on the BYD electric chassis with Castrasua 'Nelec' electric bus bodywork.

Taiwan

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Japan

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Investment

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Manufacture

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Electric Drive

Master Transportation Bus builds electric bus plant in Taiwan

By Will Pulson – 2nd July 2023

MasterTrans is a dedicated bus builder established a decade ago in Taiwan, which is transitioning to production of electric buses in 18 months' time.

Mexico

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China

|

Investment

|

Manufacture

Foton to build second plant in Mexico

By Will Pulson – 1st July 2023

Foton to invest USD1bn in new truck in Mexico with plans to enter the markets of Canda and USA via NAFTA.

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    • Battery Electric
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    • ADAS & Safety Systems
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    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
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    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
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