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Business News

Investment

Investment

|

UK

Harris Maxus to open UK headquarters as it forecasts 200% growth in 2021

By Jim Gibbins – 26th February 2021

Harris Automotive Distributors has confirmed its commitment to growing Maxus operations in the UK and plans to open a headquarters at Birchwood Park, Warrington – chosen for its quick access to motorway networks.

Investment

|

UK

|

Hydrogen Fuel

Johnson Matthey prepares to ramp up production of fuel cell components for hydrogen-powered world

By Jim Gibbins – 19th February 2021

A producer a chemically-sustainable technologies, Johnson Matthey Plc, says it is planning to commercialise technologies to enable production of zero carbon ‘green’ hydrogen.

New Zealand

|

Investment

|

Electric Drive

New Zealand government funding supports ADL / Kiwi Bus Builders e-bus initiative

By Jim Gibbins – 19th February 2021

Scottish bus and coach manufacturer, Alexander Dennis Ltd, has welcomed confirmation by the New Zealand Government of its funding of NZD50m (GBP26m) to help councils fully decarbonise their public transport bus fleet by 2035.

UK

|

R&D

|

Hydrogen Fuel Cells

Ricardo investing in hydrogen development and test facility

By Jim Gibbins – 19th February 2021

Consulting engineers, Ricardo plc, has announced it is to invest GBP2.5m to build a hydrogen development and test facility at its Shoreham Technical Centre in the UK.

USA

|

Product

|

Electric Drive

Growing order book for purpose-built Utilimaster Velocity F2 walk-in-van sees Shyft look to expand operations in Charlotte, MI, USA

By Jim Gibbins – 12th February 2021

Since the launch of the Class 2 Utilimaster Velocity F2 walk-in-van (WIV) in October 2020 by The Shyft Group Inc, the company says the model has attracted significant orders from parcel delivery companies.

USA

|

Product

|

Electric Drive

Shyft Group attracting strong orders for Utilimaster EVs

By Jim Gibbins – 12th February 2021

The Shyft Group Inc announced it is to produce its first production order of electric vehicles for two major parcel delivery companies on its new flexible body assembly line later this year.

Sweden

|

Investment

Volta Trucks attracts new funding of USD20m as order book swells to USD260m

By Jim Gibbins – 5th February 2021

Volta Trucks, the manufacturer of the dedicated 16t gvw distribution electric Volta Zero truck, has announced it has successfully concluded a funding round, bringing new investment, shareholders, and soon, a new Board member into the company.

Sweden

|

Electric Drive

|

Investment

Keen interest in Scania’s first Green Bond

By Jim Gibbins – 5th February 2021

Scania AB has issued its first green bond to raise capital to finance its transition to develop and manufacture zero emission vehicles.

Canada

|

Investment

GM to build all-electric EV600 van at CAMI factory in Canada

By Jim Gibbins – 1st February 2021

Agreement with a private sector union representing 1,900 workers at the CAMI Assembly Plant in Canada has virtually given a green light for General Motors Company to invest some USD1bn in the Canadian plant to build its new EV600 all electric van.

China

|

Investment

|

Autonomous Vehicles

Yutong makes USD200m investment in Series B1 funding of autonomous driving technology start-up WeRide

By Jim Gibbins – 1st February 2021

The Yutong Group of Zhengzhou in December 2020 made a strategic investment of USD200m in WeRide, an autonomous driving technology start-up company.

India

|

Investment

DICV opens Global Capability Centre in Chennai

By Jim Gibbins – 1st February 2021

Daimler India Commercial Vehicles Pvt Ltd, a subsidiary of Germany’s Daimler AG, has opened a new Global Capability Centre in Perungudi.

India

|

Manufacture

VECV begins production of Pro2000 series light and medium-duty trucks at new advanced manufacturing plant in Bhopal

By Jim Gibbins – 1st February 2021

Commercial vehicle manufacturer, VE Commercial Vehicles Ltd has started manufacture of light- and medium-duty trucks at a new truck manufacturing facility in Bagroda, making it the company’s eighth manufacturing facility in the state of Madhya Pradesh.

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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
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