Longstanding investors in the vehicle connectivity firm include Cummins, Daimler Truck North America, and Paccar.

The unconfirmed sums are to be invested into InoBat’s R&D and Gigafactory in Voderady, Slovakia, set to come online in Q4 2024.

Volvo NA has not divulged the location of the newly announced plant in Mexico, but it will reportedly cover 1.7m square feet when it is opened for production in two years’ time.

Electric vans developed under the joint venture, called 'Flexis SAS', will be serially manufactured at Sandouville, where Renault has produced over a million mid-sized vans (‘Trafic’) since it opened ten years ago.

As part of the agreement Isuzu states it will make a substantial investment in the local Nagoya-based autonomous driving technology company.

BP Pulse has acquired the 21-acre Ashford International truck stop in Kent with plans to electrify the site with twenty-megawatt chargers in Q1 2026. This acquisition signifies BP’s long-term plan - creating a European-wide EV charging network.

Having announced its ‘E-Mobility kit’ in 2023 – a portfolio of advanced electric drives, auxiliary components and complete systems for medium and heavy-duty commercial vehicles – ZF says it plans to ramp up production from 2025 to meet demand.

ABB has opened its newly refitted U.S. robotics facility in Michigan for manufacturing AI-enabled robotics and automation technology to help EV OEMs manufacture products more efficiently.

The facility, which is at full-scale production, manufactures drive belts for the North American market to fulfil increased aftermarket and light vehicle demand.

Ballard has announced plans for a USD 200 million twenty-two acre fuel cell production Gigafactory (“Ballard Rockwall Giga 1”) in Rockwall, Texas. Ballard has confirmed that USD 40 million in subsidies/grants is expected from the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office, through the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program.

With an increasing focus on battery packs, electric powertrains and battery management systems for electric Commercial Vehicles (CVs), the firm has active plans to expand its customer base amongst global CV manufacturers.

The investment will fund the further development of Range Energy’s electric axle technology for semi-trailers, which can reduce fuel consumption in a diesel tractor-trailer combo or energy consumption in a fully-electric one.