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Business News

Joint Venture

Luxembourg

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China

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Joint Venture

B-ON and Chery announce JV at the 2024 CV Show

By Luke Willetts – 3rd June 2024

At the CV Show 2024, held between 23-25 April at the NEC in Birmingham, UK, EV manufacturer B-ON GmbH of Luxembourg announced a joint venture with Chinese car manufacturer Chery Automobile Co. Ltd, based in Wuhu, China.

Sweden

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Germany

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Connectivity

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Joint Venture

Volvo and Daimler announce plan to develop joint platform for “software-defined” heavy trucks

By Bradley Osborne – 27th May 2024

By combining their assets and capital, the two European manufacturers will ultimately produce “software-defined” trucks which are capable of continually receiving updates over-the-air.

India

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H2 IC Engines & Components

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Manufacture

Cummins begins hydrogen engine production in India for Tata

By Bradley Osborne – 23rd May 2024

The first ‘B6.7H’ hydrogen engines rolled off the production line at Jamshedpur in March and are now being integrated in Tata trucks.

Japan

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Joint Venture

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New Company

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Electric Charging

Mitsubishi-Fuso forms new EV services partnership in Japan

By Will Pulson – 23rd May 2024

Fuso, Mitsubishi Motors and Mitsubishi Corporation to operate an online platform JV providing information and one-stop services relating to electric vehicles (EV). 

Germany

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HVAC Systems

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Joint Venture

Mahle and Forvia sell off Behr-Hella joint venture in climate controls

By Bradley Osborne – 18th April 2024

On 2 October 2023, Behr and Hella agreed to sell their respective 50% stakes in the company to AUO for EUR600m.

France

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Joint Venture

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Manufacture

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Battery Electric

Volvo-Renault joint venture to produce electric vans in Sandouville from 2026

By Bradley Osborne – 17th April 2024

Electric vans developed under the joint venture, called 'Flexis SAS', will be serially manufactured at Sandouville, where Renault has produced over a million mid-sized vans (‘Trafic’) since it opened ten years ago.

China

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South Korea

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Agreement

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Steering Systems

HL Mando and Tianrun form joint venture in China to make electric steering systems for CVs

By Will Pulson – 13th April 2024

HL Mando Corporation is a South Korean manufacturer of automotive chassis systems based in Seoul, while Tianrun is a leading Chinese manufacturer of internal combustion engine parts, mainly for commercial vehicles.

China

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Agreement

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New Company

Bosch Venture Capital and others invest in Foton’s new, new energy commercial vehicles manufacturing company

By Will Pulson – 5th April 2024

The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.

Indonesia

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Joint Venture

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Manufacture

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Truck

Foton partners with Indomobil in Indonesia for truck assembly and distribution

By Will Pulson – 29th March 2024

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

France

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Hydrogen Fuel

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Joint Venture

Air Liquide and TotalEnergies form European hydrogen station JV

By Luke Willetts – 7th March 2024

The initial phase will target hydrogen refuelling stations (under the TotalEnergies brand) in Belgium, France, the Netherlands and Germany over the next three years.

Sweden

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Wheels & Tyres

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Sustainability

Enviro and Antin begin construction of tyre recycling plant in Sweden

By Bradley Osborne – 29th February 2024

The joint venture facility will grow quickly over the next several years, with the aim of recycling one million metric tons of vehicle tyre material by 2030, representing a third of all end-of-life tyres in Europe. 

China

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Fuel Storage Systems

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Manufacture

Plastic Omnium starts construction of joint venture factory for hydrogen storage in Shanghai

By Bradley Osborne – 14th February 2024

The 28,000-square-metre plant is being built in the Jiading Hydrogen Park, within the municipality of Shanghai.

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Truck & Bus Builder is a specialist publishing company providing news and statistical analysis about the world commercial vehicle manufacturing industry.

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    • Battery Electric
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  5. Technology
    • ADAS & Safety Systems
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    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
    • Brakes & Braking Systems
    • Chassis Components
    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
    • Electric Charging
    • Hydrogen Fuel
    • Natural Gas Fuel
  7. CV Services
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