SK E&S plans to produce up to 30,000 tons of liquid hydrogen per year at a new facility in Incheon.

Geely's Farizon looks to change the concept of what an automonous tractor looks like in China.

The bearing and seal manufacturer is investing the money in its factory in Dalian, China and in local manufacturing in India and Southeast Asia.

The design, development and installation of the robots used in the factory have been undertaken by the Bandvulc engineering team as a part of the company’s three-year operational plan to introduce advanced and innovative tyre re-treading technologies that drive quality and productivity.

The new 6,053 square-foot service centre for light commercial vehicles will service the repair, recovery, diagnostics and MOTs of their LCVs.

The plant will be used for the assembly of LCVs as well as for the production of 50MW of green hydrogen using advanced electrolysis technology.

The company opened its first sales branch in Dubai, the UAE, expanding its global sales network by specifically bringing its full product range to the middle eastern markets.

Dayco is set to invest USD11.5 million in a new manufacturing plant in San Luis Potosi, Mexico, to make drive belts - the new facility is scheduled to open in Q1 of 2024.

Watèa was created by Michelin in 2021 to offer an LCV subscription service, helping clients with procuring vehicles and charging infrastructure and providing them with digital services.

The funds raised are intended to support the company’s research and development into e-mobility, autonomous vehicles and advanced safety systems.

The project brings together a consortium led by HVS and includes Fusion Processing, Grayson and PNDC.

Scania has issued a green bond worth SEK3bn to support further investments into electrification, and it has launched a venture capital fund totalling SEK2bn to support fledgling tech firms in the vehicle industry.