KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

Proterra, whose shares nearly halved in value after the bell on Monday the 7th of August 2023, listed its assets and liabilities in the range of USD 500 million to USD 1 billion. The company says it has a market value of USD 309 million and is currently trading at USD 0.15 a share as of Thursday the 10th of August.

The system was announced last year and is expected to generate 200 kW of power from a single stack, enabling 20 per cent more range per kilogram of hydrogen compared to the 120-kW system, which significantly improves the total cost of ownership of H2 trucks.

The company recently installed more than 6,000 photovoltaic solar panels on the roof of the Mercedes-Benz plant in Wörth, Germany. The system generates 3,000 MWh of electricity a year.

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.

Jing-Jin Electric(JJE) is a global supplier focussed electric drive systems for passenger vehicle and commercial vehicles.  JJE has a full suite of state-of-the-art technologies in electric motors, power electronics, transmissions, software and integrated electric drive (3-in-1) systems.

The Barra Bonita facility was established 8 years ago in 2015 for the production of mainly Caio bus bodies.

Dr Tono Nasch is appointed to Krone’s Supervisory Board bringing experience and skills in automated testing technology and electromobility to the company as Krone looks to meet the challenges of electrification, automation and digitalisation.

The order comprises 135 E-Way buses in the 12-metre version and 90 articulated buses measuring 18 metres. 28 of these will be Bus Rapid Transit (BRT) models. The buses are to be produced at Iveco’s new Italian bus building plant in Foggia, Southern Italy.

Five models will be built this summer, with another 15 or so to follow by the end of the third quarter; following these, Bollinger will launch commercial production for deliveries beginning July 2024.

Klaus Rinnerberger is the new Chief Executive Officer (CEO) at Leoni, effective immediately, succeeding outgoing CEO Aldo Kamper who left the company in May 2023.

The German multinational has committed a further EUR 2.5 billion over the next five years to support the expansion of its hydrogen fuel cell technology as the company expects to generate roughly EUR 5 billion in sales from it by 2030.