The Dutch automotive corporation has entered negotiations to acquire a substantial stake in the Michelin-Faurecia joint venture and expects to complete the transaction within the first six months of 2023.

Volvo Group, Daimler Truck, and Traton Group have announced that their heavy vehicle charging joint venture will operate under the name Milence BV, based in Amsterdam.

Equipped with a 30-kW fuel cell, a 33-kWh battery and a tank containing 4.5 kg of hydrogen at 350 bar, the bus offers a 300 km range with up to 15 passengers, and a 5-minute refuelling time.

The consortium is to consist of Ideanomics subsidiary, U.S. Hybrid Corporation and A-1 Alternative Fuel Systems Inc, supported by funding from South Coast Air Quality Management District (South Coast AQMD) and SoCalGas.

By 2030, PowerCo hopes to receive up to 40-GWh worth of critical battery materials from Umicore – enough to make batteries to supply 550,000 EVs annually. 

The plant is responsible for producing biomethane from agricultural waste from surrounding farms.

Called Fyrqom, the joint venture between Volvo, Qamcom and CEO Roman Iustin will focus on developing automated systems for tyre pressure monitoring in heavy-duty vehicles.

Headquartered in Tokyo, ‘Beyond Materials’ is a new consultancy advising material suppliers and product manufacturers focussing on the areas of market research, strategy and product development, implementation support, and scalable digital solutions.

The first hydrogen production facility by the new JV of HydraB Power and Armstrong Capital called HyGen Energy Holdings is expected to be operational within the next two years in the UK.

The proposed joint venture between the two companies would supply European customers with Class 8 Nikola trucks along with services and green hydrogen infrastructure as a single solution.

The German manufacturer launched new lightweight steel wheels, announced a series of forged aluminium wheels, and outlined plans for expanding production capacity at its joint-venture site in Manisa, Turkey.

Randon companies is to form a new joint venture company with Gerdau to lease trailers in Brazil.