The new test centre, jointly operated by FEV Group, in Oued Zem complements two cold weather sites in Finland, north of the Arctic Circle.

The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.

The company has broken ground on a new (EUR 85 million) 240,000 square foot (22,000 square meters) distribution centre in the city of Massbach, Bayern, Germany to support parts supply to DAF customers in Germany, Switzerland and France.

The test track now comprises a three-mile course, with new road and terrain features to test out the dynamic steering system in Volvo trucks.

The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

Representing an investment of approximately USD170m, the 200,000-square-foot plant will produce up to 100,000 high-pressure hydrogen vessels annually when it is completed.

Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

The new headquarters has been partly funded by the UK government, venture capital firms and a GBP 12 million grant from the Advanced Propulsion Centre.

OHM Global Mobility is now a part of Switch Mobility, founded in 2020. It provides an end-to-end clean mobility financing technology platform that enables EV businesses to access institutional capital efficiently.

This centre has begun testing semiconductors that the company manufactures at its factory in Dresden, Germany. The new facility houses 400 employees and includes office space, conference rooms and laboratories to ensure quality control in the manufacturing process.

The new facility is at the Mahindra Research Valley (MRV) R&D centre, set up in 2012, which spans 125 acres in the Mahindra World City of Chengalpattu, Tamil Nadu.

The new facility operates and complies with the standards as stated by the government’s vehicle scrapping policy - Voluntary Vehicle Fleet Modernization Program (V-VMP), which took effect in April 2022.