Groupe Renault and Plug Power Inc have signed a Memorandum of Understanding to launch a 50-50 joint-venture based in France by the end of the first half of 2021.

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

Commercial vehicle manufacturer, Tata Motors Ltd is to acquire the 49% shareholding in Tata Marcopolo Motors Ltd, the Indian body building joint venture belonging to Brazilian bus body builder, Marcopolo SA, for a cash sum of USD13.88m.

Cummins Inc has concluded the previously announced (June 2020) agreement with Dutch hydrogen storage tank manufacturer, NPROXX BV, to form a new joint venture company for manufacturing hydrogen storage tanks.

Daimler Trucks AG and Beiqi Foton Motor Co Ltd jointly announced this month they plan to manufacture Mercedes-Benz heavy-duty tractor units in China for the Chinese premium truck segment with manufacturing operations scheduled to start in two years’ time.

Automotive component suppliers, ElringKlinger AG and Plastic Omnium are to create a joint venture to produce fuel cells called EKPO Fuel Cell Technologies.

Hitachi Ltd has acquired a controlling stake of 80.1% in the power grids business of ABB Ltd.

Cummins Inc has agreed to form a joint venture with Dutch startup, NPROXX bv, a specialist in hydrogen storage and transportation, for hydrogen storage tanks with facilities in The Netherlands and Germany.

BYD Company Ltd and Toyota Motor Corporation of Tokyo have formed a new joint venture company, called BYD Toyota EV Technology Co Ltd for R&D in battery electric vehicles.

India’s key supplier of exhaust systems, Sharada Motors Industries Ltd and Euro VI exhaust and emission control systems supplier for commercial vehicles, Eberspächer Exhaust Technology International GmbH, which have a 50:50 joint venture called Eberspaecher Sharda Exhaust Technology Pvt Ltd have opened a manufacturing plant in Pune.

Plus.ai, a provider of self-driving trucking technology, has announced a joint venture with China’s FAW Jiefang Automotive Co Ltd to develop autonomous trucks for China.

Volkswagen AG and Northvolt AB have created a 50/50 joint venture to build a factory for lithium-ion battery production.