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.

At the company’s East Asia Research & Development Centre, the upcoming ‘X15H’ engine was presented alongside Meritor axles, aftertreatment systems, and ‘Endurant’ transmissions.

The Green Financing Framework will allow for the issuance of green bonds, helping the company fund green projects, such as the generation of green electricity at its factories. The company has pledged CO2 neutrality at all its production facilities by 2039.

Hino's new Thai-based ASEAN regional research and development (R&D) and manufacturing hub is located on the Asia Industrial Estate (Suvarnabhumi) in Khlong Suan, Bang Bo, Samutprakan province, Thailand.

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.

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.