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Business News

Manufacture

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

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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

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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

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China

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Battery Systems, Supercapacitors & Solar

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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.

USA

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Canada

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Manufacture

|

Strategy/Policy

Nova Bus to shut down production in the USA by 2025

By Bradley Osborne – 26th June 2023

The decision was reportedly motivated by the weak profitability of the Plattsburgh, New York operations over several years.

Germany

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Product

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Electric Drive

Daimler on track for September series production of Mercedes-Benz eActros

By Luke Willetts – 24th June 2023

To drive up consumer interest the company has been publishing many of its tests. The latest voyage saw the eActros travel from the Mercedes plant in Wörth, Germany, to Aksaray in Turkey. The 3,000km route was designed to test the vehicle’s safety systems, durability and performance.

UK

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Investment

USD25m invested in Cummins Turbo Technologies site in Huddersfield

By Bradley Osborne – 23rd June 2023

T&BB visited the facility in early June to see what the Cummins subsidiary has done to expand its testing capabilities and refurbish its production facility. 

France

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Investment

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Manufacture

Forvia opens new manufacturing plant in France

By Luke Willetts – 22nd June 2023

The company aims to manufacture 100,000 hydrogen storage tanks a year, for the European market. Customers include Stellantis, Hyvia and MAN.

Spain

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Strategy/Policy

Scania remains committed to bus & coach market despite bodybuilding divestment, says Johanna Salomonsson Lind

By Bradley Osborne – 22nd June 2023

T&BB spoke to Lind, who is Senior Vice President and Head of Bus and Coach at Scania, at the UITP Global Public Transport Summit in Barcelona, Spain earlier this month.

USA

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Investment

Eaton invests in European electric mobility manufacturing

By Luke Willetts – 20th June 2023

Eaton has expanded its eMobility operations in Poland and France, whilst they are currently setting up a laboratory to test its power electronics and power distribution products in Karlsruhe, Germany.

Turkey

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Electric Drive

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Achievement

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Product

Karsan e-Atak best-selling electric midibus in Europe 2 years in a row

By Luke Willetts – 19th June 2023

The CME Solutions report, confirmed 113 e-Atak registrations in Europe in 2022, growing its European electric midibus market share from 30% in 2021 to 40% in 2022.

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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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  2. World Regions
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    • Battery Electric
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    • ADAS & Safety Systems
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    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
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    • Body & Cab Components
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    • 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
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