The tyre manufacturer has announced it plans to spend about USD70m in FY2023 to expand its truck and bus radial (TBR) tyre manufacturing operations and to increase operational efficiencies at its plants across India.

Tecnokar Trailers Srl is one of the major players in the Italian trailer market. As of 2021, it is fifth place in the semi-trailer market, with a 7.4% share, down only slightly on the previous year.

cellcentric GmbH & Co, a 50:50 joint venture between Daimler Truck AG and AB Volvo, has announced it intends to build a hydrogen fuel cell production facility in Weilheim, Germany.

Kenworth Truck Co has broken ground on a USD45 million, 105,000 sq ft expansion to its Chillicothe manufacturing site in Ohio. The expansion represents around a 17% increase to the 622,000 sq ft Class 8 truck manufacturing plant, with the new building housing a new test building on the north side of the plant.

The UK-based EV manufacturer plants to invest over GBP300m in its business operations in both the UK and India, which it claims will lead to the creation of over 4,000 skilled jobs.

ChargePoint Holdings Inc has announced the closing of its previously announced USD300 million investment through the purchase of convertible senior notes by funds managed by Antara Capital LP. The gross proceeds from the sale of the notes were approximately USD300 million prior to deducting fees and estimated offering expenses.

Volvo do Brasil has just expanded and modernized its truck and bus proving ground in Latin America, which is located on the same site as the Curitiba plant and is the most modern Volvo facility of its kind outside Europe.

Trailer builder, Kässbohrer, which sells its trailers predominantly in mainland Europe says its sales grew strongly in 2021 with sales in some segments and markets more than doubling.

Compression system specialist Haskel International, a subsidiary of Ingersoll Rand, based in Sunderland, UK, has released a white paper stating the firm’s outlook towards hydrogen fuel and its role in decarbonising heavy goods vehicles. In the report, Haskel examines hydrogen infrastructure funding and global projects that are currently underway.

The corporate venture capital fund of Scania has made an investment in logistics software company Parcelly Ltd for an undisclosed sum.

Votla Trucks has announced that it has raised EUR230m in its Series C funding round to support the production of its upcoming zero-emission, medium-duty truck, the Volta Zero, in 2023.

Lightning eMotors Corp, based in Loveland, Colorado, has completed the expansion of its manufacturing facility to more than 226,000sq-ft, doubling its production capacity. The firm expects the investment of more than USD5 million to support an annual production capacity of up to 1,500 zero emission vehicles and powertrain systems by the end of 2022.