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Business News

Investment

USA

|

Manufacture

|

Electric Drive

Blue Bird expands production capacity for electric school buses in North America

By Luke Willetts – 25th August 2023

Blue Bird has expanded its production capacity to 5,000 electric school buses a year after it recently opened its ‘Electric Vehicle Build-up Centre’ at the company’s primary U.S. production facility in Fort Valley, Georgia.

France

|

Manufacture

Gaussin expands French e-tractor truck manufacturing facility to meet increased demand from the North American market

By Luke Willetts – 23rd August 2023

The recent expansion involved deploying a third 2X8 assembly line to increase production rates, meaning that the annual total capacity of the facility now hits 2,400 vehicles per year.

USA

|

Investment

|

Manufacture

GM to invest almost USD 632 million into Fort Wayne Assembly plant in Indiana

By Luke Willetts – 22nd August 2023

The investment will go into preparing the plant for production of its next-generation internal combustion engine (ICE) for full-size light-duty trucks.

France

|

Agreement

|

Sustainability

Transport operator, Keolis signs fixed priced long-term renewable energy deal

By Luke Willetts – 18th August 2023

Starting in January 2025, the Urbasolar group will supply Keolis with an annual 18 gigawatt-hours (GWh) of electricity generated at French solar farms. This will allow Keolis to supplement its energy supply at a fixed, long-term price, whilst reducing its CO2 emissions by an estimated 290 tonnes of per year.

Mexico

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Manufacture

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Investment

BorgWarner invests in eMobility manufacturing capabilities in Mexico

By Luke Willetts – 17th August 2023

The 64,000 square metre facility in San Luis Potosi will house a new manufacturing facility for power electronic components and electric motors with 380 new jobs to be created over the next five years. The facility is planned to come on line incrementally with phase 1 beginning in Q2 2024.

USA

|

HVAC Systems

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Mergers, Acquisitions & Disposals

Daikin purchases two companies to strengthen North American HVAC business

By Luke Willetts – 16th August 2023

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.

USA

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Manufacture

|

Electric Drive

Lion Electric opens new manufacturing plant in Illinois

By Luke Willetts – 14th August 2023

By the end of 2023, the factory will be producing up to 2,500 electric school buses a year whilst employing 1,400 new staff members.

South Korea

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Mergers, Acquisitions & Disposals

|

Ownership

KG Mobility to expand Edison Motors’ operation following bankruptcy court-approved acquisition

By Will Pulson – 12th August 2023

KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

China

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Electric Drive

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Venture Capital

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Investment

Farizon Auto raises USD600m to fund expansion

By Will Pulson – 11th August 2023

Farizon plans to use the funds to strengthen its R&D and new product development operations, as it looks to consolidate its position as China’s leading manufacturer of new energy commercial vehicles.

Germany

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Manufacture

|

Sustainability

Daimler Truck aims to achieve CO2-neutral production by 2039

By Luke Willetts – 8th August 2023

The company recently installed more than 6,000 photovoltaic solar panels on the roof of the Mercedes-Benz plant in Wörth, Germany. The system generates 3,000 MWh of electricity a year.

UK

|

Electric Charging

Zenobē electric bus charging infrastructure set to be used at Go-Ahead bus depot in Oxford

By Luke Willetts – 8th August 2023

Go-Ahead will operate one of the UK’s biggest bus charging depots with electric charging infrastructure provided by Zenobe.

Indonesia

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Venture Capital

|

Investment

Indonesia’s VKTR completes IPO, to build electric bus plant

By Will Pulson – 8th August 2023

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.

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  1. Home
  2. World Regions
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  3. CV Segment
    • Bus & Coach
    • Trailer
    • Truck & Van
  4. Driveline
    • Battery Electric
    • Diesel Combustion
    • Fuel Cell Electric
    • Gas Combustion
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    • 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
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