The company is investing EUR 600 million to transform the facility into a hub for manufacturing electric and hydrogen-powered buses, including the Heuliez GX Elec, Iveco E-Way and the new E-Way-H2 hydrogen model.

The investment is to be used to support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations.

This multi-year investment, said to exceed USD100m, aims to double the current manufacturing footprint.

The battery manufacturer Gotion has acquired 9.3% of Ebusco for a price of EUR 5 million. Within this agreement, it stipulates that Gotion can nominate a representative to Ebusco’s supervisory board and management board, subject to the approval of the Company’s shareholders.

The company willl use the newly-raised capital to commercialise its technology, starting next year in distribution centres.

This so called ‘accelerated bookbuilding process’ created 145,000,000 shares in a “private placement” fund at NOK 6,90 (0.63 USD) per new share. The capital raised will help the company meet its 2025 goals, namely getting a few hundred Tern trucks out the door and ramping up production.

Silvero will oversee expansion of the Latin Parts Centers (LPC), the manufacturer's logistics center located in Vinhedo (SP).

Since 2018, VWCO has had a dedicated electric vehicle team.

DTNA has launched its first electric aftermarket route in the U.S. by integrating a Freightliner eCascadia into its parts distribution network in Phoenix, Arizona, in an attempt to further decarbonise its logistics operations.

New Flyer says it will repurpose existing space at its production facility in Winnipeg and lease another site for final vehicle commissioning.

This achievement results from the involvement of almost the entire supply chain, VWCO said, with 90% of its suppliers already involved in this procedure.

This facility, situated near Memphis, Tennessee, adds 200,000 square feet of warehouse space and enhances Donaldson's capability to serve sectors such as heavy-duty trucking and construction.