BorgWarner’s full-year financial year results included net sales of USD14.1bn, an increase of 12.4% when compared with 2022 (USD12.6bn). Gross profit was up too in 2023 at USD2.5bn (2022: USD2.3bn) with operating income of USD1.1bn, or 8.2% of net sales.

The 2023 strategic highlights include the second-generation stack design, offering performance improvements. Furthermore, a megawatt electrolyser demonstrator completed testing in Germany and has arrived at partner Shell’s R&D centre in Bangalore, India for further testing.

Mats Harborn, president of Scania China Group, said he sees “tremendous potential” in China's economic transformation, adding that the country’s focus on technology and high-quality development will help foreign companies do business there in the long term.

Ballard has announced an additional USD 54 million in U.S. federal funding (investment tax credits) for its planned fuel cell production facility in Rockwall Texas. This brings the total in federal funding to USD 94 million, through various U.S. departments including the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office and now the Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Tax Credit (48C*), funded by the Inflation Reduction Act (IRA).

The “Isuzu Transformation IX – Growth to 2030” mid-term business plan released in April is designed to transform the truck-maker into a commercial mobility solutions company by 2030 “to address challenges faced by customers and society through transport”.

Expansion of a Madrid bus depot means that 260 e-buses can be charged simultaneously. Of the EUR 11.3 million spent, EUR 10.1 million in funding came from the European Union’s “NextGenerationEU” investment fund.

The new warehouse investment has been a result of significant and sustained growth in the Asia Pacific market as the company looks to drive future growth.

Investment is for initiatives in two primary locations: The Randon branded semi-trailer and railway wagon assembly plant in Caxias do Sul and the Motion Control manufacturing facility, also in Caxais do Sul, which operates under the Frasle Mobility brand name.

The new factory, construction of which is expected to be completed by the end of the year for start of operations in the first quarter of 2025, is to supply driveline components to the truck and bus chassis produced by Mercedes-Benz do Brasil.

T&BB decided to delve into the reasons for this sales success story by interviewing the top management of Stuart Beeton, Head of Sales & Marketing and Peter Murphy, Managing Director of Isuzu Truck UK.

Earlier this month at the Commercial Vehicle Show at the NEC in Birmingham, T&BB spoke to Greg Ethridge, the Chief Financial Officer of American EV manufacturer, Canoo Inc who confirmed that the company had indeed purchased manufacturing assets (robotics and machinery equipment) from now defunct, Arrival Ltd. The manufacturing assets are set to be shipped by sea to the Canoo manufacturing facility in Oklahoma City, in the U.S.A.

The facility houses 65 DC 180kW fast chargers with a capacity to charge 200 electric HGVs a day. Einride claims that this is the largest electric HGV charging station in North America.