Scandinavian Enviro Systems is in the process of getting planning to build a new end-of-life-vehicle-tyre recycling plant in Lillesjö, Uddevalla Municipality with an annual capacity capable of recycling half of all end-of-life tyres in Sweden.

Westport Fuel Systems Inc on June 8, 2021, through public offerings on the US Nasdaq Exchange and Canadian Toronto Stock Exchange of 20,930,000 shares at USD5.50 a share, generated USD115,115,000.00 in gross proceeds.

Andreas Tostmann CEO of MAN Truck & Bus officially opened the MAN eMobility Centre in Munich on June 9, 2021, for staff training in electric truck assembly and manufacture and for ‘eTruck’ manufacturing production and process development, with start of series production of electric trucks said to be sometime soon.

Europe’s largest semi-trailer builder, Schmitz Cargobull is in the process of establishing a new facility in Manchester, UK to build customised vehicles for UK and Irish operators.

Volvo Group has announced investment of USD33m during a groundbreaking ceremony by Volvo Trucks North America at one of its main production sites in Hagerstown, Maryland.

Werlte-based trailer manufacturer, Krone, is now offering a new generation of Krone Dry Liners with improved quality as well as greater variety.

CEAT Ltd of Mumbai, a full range tyre manufacturer, says it plans to make an investment of USD164m (INR1200Cr) in financial year 2021-22 to expand production of its radial bus and truck tyres.

JK Tyre & Industries Ltd of New Delhi, one of India’s largest manufacturer of tyres has signed a Memorandum of Understanding (MOU) with the National Automotive Test Tracks (NATRAX)1 of Pithampur towards the development of a wet grip test track at NATRAX Pithampur, Madhya Pradesh.

Daimler India Commercial Vehicles Pvt Ltd (DICV) of Oragadam, near Chennai, a subsidiary of Germany’s Daimler AG, has opened a Virtual Reality Centre (VRC) in Chennai.

Renault Trucks SAS of Lyon, a Volvo Group subsidiary, is planning to offer electric trucks in each market segment from 2023 – covering distribution, construction and long distance. To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organisation dedicated to electric mobility.

Private equity firm, ClearVue Partners of Shanghai, China (est. 2012) has completed a Series C funding round for Plus (formerly Plus.ai), a provider of self-driving truck technology in the US and China, raising USD220m. ClearVue is the co-lead investor of the financing round.

Maxion Jantas has completed construction of the buildings and infrastructure of a new 21,000 sq m commercial vehicle steel wheel manufacturing plant in Manisa, Turkey.