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Business News

Investment

Chile

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Investment

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Sustainability

Michelin to build first-of-its-kind tyre recycling plant in Chile

By Jim Gibbins – 1st April 2021

With an investment of more than USD30m, the Michelin Group of Clermont-Ferrand, France has started construction of its first ever end-of-life tyre recycling plant in the Antofagasta region of Chile, South America.

Brazil

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Investment

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Manufacture

Mercedes-Benz plans to hire 1,000 new employees for São Bernardo do Campo factory in 2021

By Jim Gibbins – 1st April 2021

Mercedes-Benz do Brasil in February this year announced it had plans to hire around 1,000 additional people for the São Bernardo do Campo plant in ABC Paulista, which currently employs 8,500.

USA

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Funding

Super Truck 3 and deployment infrastructure awarded USD100m

By Jim Gibbins – 1st April 2021

The Department of Energy in the United States of America has announced availability of USD100m, over four years, regarding the SuperTruck 3 programme and additional funding for low greenhouse gas vehicles.

Switzerland

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Mergers, Acquisitions & Disposals

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Investment

Volvo Group takes 60% stake in Designwerk Technologies and Futuricum e-truck brand

By Jim Gibbins – 1st April 2021

Volvo Group has signed definitive agreements to acquire 60% of Designwerk Technologies AG, an engineering company in Winterthur, Switzerland which develops and sells electromobility products and engineering services.

Agreement

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Investment

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Hydrogen Fuel

Hyzon Motors enters strategic alliance with Viva Energy to supply turnkey hydrogen fuelling and truck solutions in Australia

By Jim Gibbins – 25th March 2021

Hyzon Motors, a global supplier of hydrogen fuel cell powered commercial vehicles, has entered a strategic alliance with Australian energy supplier, Viva Energy.

Canada

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Battery Systems, Supercapacitors & Solar

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Manufacture

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Investment

Lion Electric to construct new battery manufacturing plant and innovation centre

By Jim Gibbins – 25th March 2021

The Lion Electric Company, a Canadian manufacturer of all-electric medium and heavy-duty urban vehicles, is investing in the construction of a battery manufacturing plant and innovation centre in Quebec.

USA

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Manufacture

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Refuse & Recycling

Dennis Eagle enters US refuse truck market with new plant in Charleston, SC

By Jim Gibbins – 25th March 2021

Dennis Eagle, part of the Terberg RosRoca Group, is entering the US waste disposal and refuse collection market with a new specialist truck.

UK

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Electric Drive

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Investment

Capital finance fundraiser oversubscribed for Indo-Anglo e-truck builder TEVVA

By Jim Gibbins – 18th March 2021

Electric truck developer, Tevva Motors Ltd of Chelmsford, UK has successfully raised USD12.5m (GBP9m) in capital finance in a funding round that it states was over-subscribed.

UK

Woodall Nicholson expands with fourth group division to ramp-up technical capabilities

By Jim Gibbins – 11th March 2021

Specialist vehicle design and manufacturing group, Woodall Nicholson Holdings Ltd (WNHL) of Bolton, UK, which builds light- and medium-duty commercial vehicles under various brand names (which include Mellor Bus, Trekka Bus and VCS, see below) has added a fourth division to its group portfolio.

USA

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Hydrogen Fuel Cells

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Manufacture

Hyzon Motors to expand fuel cell manufacturing capabilities

By Jim Gibbins – 11th March 2021

Hyzon Motors, a global supplier of zero-emission hydrogen fuel cell powered commercial vehicles, plans to further expand its operations in the village of Honeoye Falls in Monroe County, New York, creating up to 100 new jobs over the next three years.

China

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Manufacture

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Investment

Scania buys truck plant in China

By Jim Gibbins – 1st March 2021

Scania has purchased a truck manufacturing plant in China's Jiangsu province to serve as a regional production centre for heavy commercial vehicles.

China

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Manufacture

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Hydrogen Fuel Cells

Hyundai to make hydrogen fuel-cells in China

By Jim Gibbins – 1st March 2021

Hyundai Motor Company (HMC) of Seoul, South Korea in February began construction of a plant in China to manufacture hydrogen fuel cell systems, in anticipation of rapid growth in automotive demand for propulsion using this alternative fuel.

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Truck & Bus Builder is a specialist publishing company providing news and statistical analysis about the world commercial vehicle manufacturing industry.

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    • Hydrogen Fuel Cells
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