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Business News

Manufacture

Spain

|

Investment

|

Manufacture

Schmitz inaugurates new semi-trailer plant near Zaragoza, Spain

By Bradley Osborne – 4th July 2023

At Zaragoza, Schmitz will build ‘S.CS’ curtainsiders, ‘S.KO’ dry freight semi-trailers, and reefers for customers primarily in Spain, Portugal, France, and North Africa.

Germany

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Mergers, Acquisitions & Disposals

|

Electric Drive

Iveco finalises the acquisition of Nikola Iveco Europe

By Luke Willetts – 4th July 2023

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

UK

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Manufacture

|

Wheels & Tyres

Bandvulc plant in UK rebranded as ContiLifeCycle facility

By Luke Willetts – 4th July 2023

The Bandvulc Ivybridge plant in the UK mainly focuses on hot-retreading for the UK market with Bandvulc tyres being designed and manufactured in Ivybridge as well as producing Continental rebranded tyres in partnership with the Stöcken plant.

USA

|

Aftermarket

|

Strategy/Policy

Free Article

BorgWarner set to complete PHINIA spin-off on Monday July 3, 2023

By Luke Willetts – 3rd July 2023

Plans by BorgWarner to spin off the Fuel Systems and Aftermarket segments were first announced in December 2022 under its “Charging Forward” strategy.

Albania

|

Mergers, Acquisitions & Disposals

Zöller-Kipper acquires majority stake in Albanian steel components firm

By Bradley Osborne – 3rd July 2023

The German manufacturer has acquired modern factory equipment and a young team of technicians which will be integrated into its European production network.

Taiwan

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Japan

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Investment

|

Manufacture

|

Electric Drive

Master Transportation Bus builds electric bus plant in Taiwan

By Will Pulson – 2nd July 2023

MasterTrans is a dedicated bus builder established a decade ago in Taiwan, which is transitioning to production of electric buses in 18 months' time.

Mexico

|

China

|

Investment

|

Manufacture

Foton to build second plant in Mexico

By Will Pulson – 1st July 2023

Foton to invest USD1bn in new truck in Mexico with plans to enter the markets of Canda and USA via NAFTA.

South Korea

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Hydrogen Fuel Cells

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Investment

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Manufacture

Hyundai to step up production of zero-emissions CVs at Jeonju

By Will Pulson – 30th June 2023

This moves comes on the back of a major repower bus order in the Capital and to combat competition primarily coming from Chinese OEMs.

USA

|

Strategy/Policy

Nikola slashes 270 jobs as part of cost-cutting measures

By Bradley Osborne – 29th June 2023

The manufacturer announced it is taking cost-cutting measures to reduce its outgoings to under USD400m by 2024, including layoffs of approximately 270 workers at multiple sites.

Sweden

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Spain

|

Agreement

Sunsundegui licensed to build Volvo 9700 and 9900 coaches for European market

By Bradley Osborne – 29th June 2023

Starting next year, Sunsundegui will be licensed to produce the Volvo ‘9700’ and ‘9900’ coach models, based on a new chassis which Volvo Buses introduced last year.

USA

|

China

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Battery Systems, Supercapacitors & Solar

|

Funding

Free Article

Microvast loses USD200m grant following alleged links to China

By Bradley Osborne – 27th June 2023

The U.S. Department of Energy took the decision to cancel the deal with Microvast in late May without offering any specific reason - though the company has been the subject of allegations linking it to the Chinese government.

China

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Product

|

Manufacture

BAIC launches new range of low-cost heavy trucks

By Will Pulson – 27th June 2023

The company said trucks built on these two platforms will give it a presence in around 80% of the country’s heavy-duty truck sub-segments.

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  1. Home
  2. World Regions
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  3. CV Segment
    • Bus & Coach
    • Trailer
    • Truck & Van
  4. Driveline
    • Battery Electric
    • Diesel Combustion
    • Fuel Cell Electric
    • Gas Combustion
    • Hybrid
    • Hydrogen Combustion
  5. Technology
    • ADAS & Safety Systems
    • Aerodynamics
    • 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
    • Associations, Consortiums, Market Analysts & Consultancies
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    • eMaaS, Financial & Insurance Services
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