The company has invested GBP 700,000 in a new automated curtain strapping machine for producing max height curtains. The company said the investment offers improved efficiency and vastly increased throughput with the machine able to produce 32 pairs of curtains per day.

The company’s four other Re.Wi.Re registered vehicle scrapping facilities are in Jaipur, Bhubaneshwar, Surat and Chandigarh.

A year ago in 2023, Blue Energy Motors raised USD10m for investing in gas truck manufacture.

With Thermo King’s expertise in electrifying transport refrigeration, the partners aim to achieve reduced fuel consumption in diesel truck-trailers and increased range in electric combinations.

Allison has invested USD 10 million in fellow American VC firm, EnerTech Capital, which focus on helping develop companies that specialise in mobility technologies. A strategic move by Allison, which aims to leverage these technologies (electrification, connectivity, autonomy and digitalisation) and integrate them into its own business.

The EUR3m investment into Zepp has come from an “energy transition” fund provided by the City of Rotterdam and an unnamed private investor who is “deeply embedded in the Rotterdam tech scene”.

In order to execute its long term strategy, the business has relocated its head office to Birmingham, MI.

Customers (workshops and fleet operators) in Continental Europe can now purchase more than 300 branded truck parts, covering over 80 percent of common wear parts on trucks, through the Krone website.

BorgWarner’s full-year financial year results included net sales of USD14.1bn, an increase of 12.4% when compared with 2022 (USD12.6bn). Gross profit was up too in 2023 at USD2.5bn (2022: USD2.3bn) with operating income of USD1.1bn, or 8.2% of net sales.

The 2023 strategic highlights include the second-generation stack design, offering performance improvements. Furthermore, a megawatt electrolyser demonstrator completed testing in Germany and has arrived at partner Shell’s R&D centre in Bangalore, India for further testing.

Mats Harborn, president of Scania China Group, said he sees “tremendous potential” in China's economic transformation, adding that the country’s focus on technology and high-quality development will help foreign companies do business there in the long term.

Ballard has announced an additional USD 54 million in U.S. federal funding (investment tax credits) for its planned fuel cell production facility in Rockwall Texas. This brings the total in federal funding to USD 94 million, through various U.S. departments including the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office and now the Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Tax Credit (48C*), funded by the Inflation Reduction Act (IRA).