Electric vehicle start up, Arrival Ltd has attracted investment funding of USD118m to finance its global expansion plans.  

Electric vehicle start up, Arrival Ltd has announced its first electric vehicle ‘Microfactory’ is to be built in the USA.

Electric bus manufacturer, battery, drivetrain and charging infrastructure supplier, Proterra Inc, has secured a USD200m investment led by Cowen Sustainable Advisors LLC along with supporting investments from Soros Fund Management, Generation Investment Management, and Broadscale Group.

It is being claimed the world’s largest development and test centre for high-voltage batteries for passenger and commercial vehicles was opened by the FEV Group in Aachen on September 25.

Zero-emission coaches produced by Canada’s NFI Group US subsidiary, Motor Coach Industries Inc are now approved for the maximum California HVIP purchase incentive of USD150,000 for each of its battery-electric coaches sold in the State of California.

ZF’s Commercial Vehicle Control Systems division has invested around EUR18m expanding the Erich Reinecke Test Track in Jeversen and adding to its commercial vehicle testing capabilities for trucks and buses.

Horiba MIRA Ltd has invested GBP1.5m installing a new Large Climatic Vibration Laboratory and Battery Abuse Facility at its Nuneaton Proving Ground.

The Mercedes-Benz AG truck manufacturing plant now has a fully implemented inbound truck supply chain to manage truck deliveries to optimise delivery times as well as optimising downtime.  

An investment of USD30m is being spent on a new wheel manufacturing plant in Hungary to build Alcoa-branded Ultra One wheels by Howmet Aerospace Inc, the parent company of the aluminium wheel manufacturer.

Weichai Group, a major producer of internal combustion engines has officially launched the first commercialised diesel engine in the world claimed to have a brake thermal efficiency above 50% (50.26%).

Europe’s second largest trailer builder, Krone Commercial Vehicle SE at a Covid-19-secure press conference last month announced some significant investments made in the past 18 months as well as a number to come in the next financial year.

Akasol AG, a developer and manufacturer of high-performance and high-energy lithium-ion battery systems, and supplier of turnkey solutions, is again expanding its US production capacity in Hazel Park city Michigan from 400MWh to around 2GWh.