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Business News

Investment

UK

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Investment

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Distribution & Aftermarket

DAF UK invests heavily into its dealer network in 2023

By Luke Willetts – 18th January 2024

As the leader in the UK truck market, a comprehensive aftermarket network has been key to the company's success. More than GBP 100 million was spent in 2023 on upgrading dealer premises, including the Adams Morey in Bridgewater, Ford & Slater in Stockton and North West Trucks in Warrington.

Germany

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Investment

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Sustainability

Out with the old, in with the new; Continental inaugurates new HQ

By Luke Willetts – 17th January 2024

Continental officially inaugurated its new multimillion-euro corporate headquarters on the Hans-Böckler-Allee campus, in Hanover, Germany on December 13, 2023. The campus consists of six buildings, housing over 2,400 employees, in both the Tires and ContiTech groups.

Canada

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Investment

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Funding

NFI to receive CAD10m government loan to support electric vehicle development and production

By Bradley Osborne – 15th January 2024

The money is derived from the Canadian government’s Jobs and Growth Fund through Prairies Economic Development Canada, a federal department responsible for the provinces of Alberta, Manitoba, and Saskatchewan.

Indonesia

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Distribution & Aftermarket

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Battery Electric

Fuso to launch eCanter in Indonesia

By Will Pulson – 14th January 2024

The eCanter was originally launched in 2017, with a new upgraded model made available since last year. It is sold in a growing number of markets in Asia, including Taiwan from last month.

Japan

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Investment

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R&D

Premium Article

New EV R&D facility to speed up Isuzu’s transition

By Will Pulson – 13th January 2024

Isuzu has announced plans to build an electric vehicle development and testing facility within its Fujisawa plant, to help it achieve its target of having a full range of carbon-neutral vehicles by 2030.

France

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Investment

Iveco Group announces EUR 1 billion investment at Solutrans

By Luke Willetts – 10th January 2024

For the very first time, Iveco is renewing its entire truck product line next year. Capital spending on R&D will be ploughed into reducing CO2 emissions, developing fuel efficiency (for ICE vehicles) technology and a new zero-emissions product range.

Serbia

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Battery Systems, Supercapacitors & Solar

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Manufacture

InoBat confirms EUR 419 million from the Serbian government for the construction of its second Gigafactory, in Cuprija

By Luke Willetts – 9th January 2024

With the help of the Serbian government* in securing the land and the necessary licenses to build, the site will be responsible for the manufacturing and recycling of battery cells for EVs.

UK

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Ownership

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Investment

AEM raises GBP 23 million in funding to develop metal-free EV motors

By Luke Willetts – 4th January 2024

The capital is to be invested in its factory in the North East of the UK, creating 40 new jobs over the next two years. According to AEM, the capital will enable the company to start producing copper-free EV motors for both passenger and commercial vehicles. 

South Korea

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Investment

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Manufacture

Kia to build second ‘purpose-built vehicle’ plant in South Korea

By Jim Gibbins – 4th January 2024

The new facility is scheduled to be completed in 2028 within the company’s Hwaseong manufacturing complex.

Slovak Republic

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Agreement

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Manufacture

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Battery Systems, Supercapacitors & Solar

Gotion InoBat JV signs MOU with the Slovak government to build a gigafactory in Šurany

By Luke Willetts – 3rd January 2024

With construction set for next year on a 65-hectare area of land in Šurany, the Slovak government is set to provide subsidies. The venture aims to begin battery production in Q2 2026, producing EV batteries with a combined annual output of 20 gigawatt-hours.

Manufacture

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Electrical Systems & Components

Forvia opens new electronics plant in China

By Luke Willetts – 31st December 2023

Forvia’s Fengcheng Mega Plant employs 1200 staff, housing 89 production lines dedicated to producing products in three main areas: display technologies, cockpit electronics and automated driving technologies for both passenger and Commercial Vehicles (CVs).

India

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Body & Cab Components

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Investment

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Strategy/Policy

Ashok Leyland creates ‘Women-only’ Cabin Trim production line at Pantnagar Plant

By RACE Innovations Pvt Ltd – 31st December 2023

"This endeavour seeks to enhance the skills and employability of these women, enabling them to pursue their dreams. This perfectly aligns with our brand philosophy of "Koi Manzil Door Nahin”," says Shenu Agarwal, Managing Director and CEO, Ashok Leyland.

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  1. Home
  2. World Regions
    • China
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    • North America
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  3. CV Segment
    • Bus & Coach
    • Trailer
    • Truck & Van
  4. Driveline
    • Battery Electric
    • Diesel Combustion
    • Fuel Cell Electric
    • Gas Combustion
    • Hybrid
    • Hydrogen Combustion
  5. Technology
    • ADAS & Safety Systems
    • Aerodynamics
    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
    • Brakes & Braking Systems
    • Chassis Components
    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
    • Electric Charging
    • Hydrogen Fuel
    • Natural Gas Fuel
  7. CV Services
    • Associations, Consortiums, Market Analysts & Consultancies
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    • eMaaS, Financial & Insurance Services
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