Isuzu announced it has agreed to invest USD30m in Gatik AI, the US-based autonomous driving technology company, to strengthen its autonomous logistics programme.

2023 saw the company planned to invest USD 530 million in the development of hydrogen technologies to create a complete hydrogen value chain from the production, distribution (storage tanks), consumption (hydrogen engines) and management (telematics) of green hydrogen at scale.

In Toulouse it will carry out R&D on its so-called ‘SuperBattery’, a high-power battery which “bridges the gap between supercapacitors and batteries”, offering high capacity and energy intensity, faster charging and expanded charge and discharge cycles.

This is Kempower’s second factory but the first in North America with the primary facility in Lahti, Finland. This expansion will further help Kempower to service the North American market with its Kempower C- and S-Series range of electric chargers.

The company will be bringing its electric minibus (the 6-metre e-Jest) to British consumers. Karsan is actively holding meetings with various local dealers and distributors.

The JSW Group of Mumbai has signed a Memorandum of Understanding (MoU) with the government of Odisha, to building an integrated Electric Vehicle (EV) and EV battery manufacturing facility in Cuttack, Odisha State.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

The facility will increase the supply of its high-powered fuses for EVs and other applications. The 10 million USD investment in this facility is part of a 750 million USD investment strategy into the company’s North American manufacturing base.

The group’s uplisting to the MDAX is recognition of its middle level, or “mid-cap”, market capitalisation.

Hundreds of journalists packed the plush conference room on the first floor of the brand-spanking-new building for the big reveal. Interestingly, the themes continually reiterated by the various Conti staff included sustainability, cost pressure, digitalisation driving efficiency as well as compliance & safety.

The Series B investments bring the Canadian startup’s total invested capital to USD280m.

The MoU outlines an investment over a span of five years, with the potential to generate up to 5,000 jobs, both directly and indirectly.