In the next several years, Siemens will establish a “Global AI Manufacturing Technologies Research and Development Center for Battery Production” which will initially focus on electric vehicle battery production.

The Israeli company successfully raised USD36.4m from offering its shares to a group of strategic investors, which “strengthens [the company’s] cash position ahead of planned vehicle deliveries”.

Trial production to start in Q4, 2025.

The facility is to be extended/expanded in two phases: The first phase is to add 60,000 square feet of production space to the existing 100,000-square-foot facility.

These hubs will offer electric charging, hydrotreated vegetable oil (HVO), hydrogen, and bio-compressed natural gas (bio-CNG) to support the rollout of zero-emission commercial vehicles.

The company offers a wide range of equipment, including concrete mixers, aerial work platforms, all-terrain cranes and more.

JOST and Aitonomi are collaborating on integrating JOST's automatic comfort coupling system (KKS) and steering and axle systems with Aitonomi's AutoPilot, creating fully autonomous transport solutions for depots and port terminals.

The new light truck is assembled by an all-women team.

Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

This new test track is for testing vehicle braking and is specifically for testing Electronic Stability Control (ESC) systems.

The company announced its 2024 financial report, with record full-year sales of USD 3.2 billion (2023: USD 3 billion), which increased the Earnings Per Share (EPS) to a record USD 8.31, up 12 percent from 2023. 2024 net income was USD 731 million, compared with 2023 figures of USD 673 million.

The company cut jobs, auctioned off spare parts, sold a portion of its business to Chinese battery manufacturer Gotion and shifted its business model towards an Original Equipment Designer (OED) model, focusing on design and development whilst outsourcing production.