Toyota is is investing around JPY400bn in Japan and JPY325bn, or USD2.5bn, in the USA to expand its battery manufacturing capacity by up to 40 GWh. 

Phase 2 expansion of the facility will double the company’s production capacity for passenger car and light truck tyres in the U.S. to 11 million units a year, and Phase 3 will introduce a further 1 million Truck Bus and Radial tyres annually.

Meritor announced that in May this year it opened a new purpose-built test chamber for heavy-duty electric powertrains and drivetrain development at its brake manufacturing and global disc brake research facility in Cwmbran, UK.

IOC Phinergy Private Ltd (IOP) India-Israeli JV to work with Hindalco in India to develop and supply Phinery Aluminium-Air battery technology to the Indian EV marketplace.

PMI Electro Mobility Solutions  is constructing a purpose-built facility to manufacture electric commercial vehicles (CVs) on a 35-acre facility in the Maharashtra Industrial site in Chakan, Pune, West India.

‘DAWN’ is an autonomous driving software platform product designed specifically for all-weather conditions in which visibility is obscured due to darkness or heavy rain or snowfall.

TEVX Higer is the abbreviated name of a joint venture company between Chinese bus builder, Higer Bus and local Brazilian assembler, TEVX Motors Ltd to make electric city buses in Brazil.

The manufacturer of electric terminal tractors has raised a total of USD35m in investments to support the company’s growth, following an institutional funding round led by venture capital firm S2G Ventures and private investment firm Henry Crown and Company.

The South Korean tyre manufacturer showcased its new hot retreading space, which takes up around 2,000 square metres of the 15,000-square-metre site in Hammelburg

SKion, an investment company representing heiress Susanne Klatten, has acquired a 20% stake in the battery manufacturer for an undisclosed sum. 

The battery cell manufacturer has acquired a 4.22% stake in the electrification specialist, with whom KORE Power signed a partnership agreement for joint battery management development and battery cell supply last year. 

CaetanoBus to make major investments in products and manufacturing to expand production and sales of its zero emission buses.