Coliseum Capital Management already holds 12.4% of NFI’s issued and outstanding common shares; following the closure of the private placement on 30 June, the investment firm will own over a third of all NFI’s shares.

There is significant capital to be invested in the company with the explicit aim of doubling its manufacturing capacity by the end of 2027 to service both the OE and aftermarket segments.

The joint venture, aptly named Greenlane, will design, develop, install, and operate a US-wide, EV public charging and hydrogen refuelling network.

Government and industry in South Korea are working together to invest in hydrogen as an energy for transport.

Hankook has contracted web service providers Amazon Web Services and Snowflake to build an integrated AI data platform to make more informed decisions based on more reliable data sets aiding product development and increasing manufacturing efficiency, thus enhancing global competitiveness.

The terminal deploys autonomous trucks transporting freight from Dallas to Houston (and vice versa) for its pilot customers which include FedEx and Uber freight.

At the past 2023 Commercial Vehicle Show in Birmingham, in April, Nikola/Iveco launched the pre-production Nikola Tre 4X2 battery-electric heavy-duty tractor unit.

The first product to come out the new production area is the e-Sys electric drive system for trailers.

On 30 March, Schmitz Cargobull UK Ltd marked the official opening of its trailer assembly facility with a ribbon-cutting ceremony attended by customers and members of the press.

Frasle Mobility is the name of a new business unit of Fras-le S.A. involved in development and manufacture of new composite materials for the transport industry.

The new Clarksville manufacturing facility will make battery cells for the first time in the USA, as well as battery packs for Microvast's growing portfolio of CV customers in North America.

These metallic bipolar plates are engineered to maximise the performance of proton exchange membrane (PEM) electrolysers used to produce hydrogen fuel.