2,300,000 Class A ordinary shares were sold during the underwritten public offering, which closed on 6 March, at a price of USD6.50 per share.

Daimler Truck opened a new 22,000 sqm truck and bus all-purpose driveline agnostic servicing and sales centre in Stuttgart (“Mercedes-Benz Commercial Vehicle Center”) for Mercedes-Benz and Fuso trucks as well as Setra and Mercedes-Benz buses. This is its fifth such facility in the past 12 months, and it plans to add three more in Europe in 2025.

Iveco announced a positive set of financial results for the 2023 year, including EUR 16 billion in consolidated revenues (up 13% from 2022), an adjusted EBITA of EUR 940 million (up EUR 413 million compared to 2022) and an adjusted net income of EUR 352 million (up EUR 127 million from 2022 figures).

The purpose of the BharatBenz Regional Training Centres is to upskill and reskill the capability and competence of more than 3,500 drivers and, sales and service personnel across the BharatBenz network, annually.

Allison Ventures is tasked with investing in and partnering with early stage growth companies that drive technology advancement across the CV mobility industry. The company has said that it will specifically focus on technologies relating to connectivity, digitalisation, sustainability, automation and electrification.

Pinnacle Mobility, which sells vehicles under the brand name, EKA Mobility, is an electric bus as wekk as a light and medium-duty electric truck builder.

The plant, which is located in an industrial suburb of Chennai (called Oragadam), will produce various electrical components for CV chassis and, in the near future, air compressors for light- and medium-duty vehicles.

The company says it will focus on commercialising its ‘Solar Bus Kit’, which (despite the name) is intended for trucks and trailers as well as buses.

The company reported that sales of Maxus vans grew by 46% in 2023, while its battery electric vans took fourth place in the UK LCV-EV market, and it forecasts growth of 50% across all brands this year. 

With the announced investment, ZF will hire 400 new workers and prepare the site for a wider range of manufacturing outputs, serving both internal combustion engines and electric powertrains.

ICPT perhaps is best described as a developer of energy storage systems for a range of heavy-duty mobile applications, including buses, trams, trolleybuses and industrial vehicles and has to date supplied customers predominantly located in Europe, New Zealand and the USA.

Two years’ ago, in 2022, when the PEI Mobility brand was first created, it announced it was diversifying its manufacturing capabilities to design and manufacture complete articulation systems for buses.