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Business News

Manufacture

USA

|

Electric Drive

|

Product

|

Exhibitions & Conferences

Linamar showcases e-powertrain products at ACT Expo

By Bradley Osborne – 31st May 2023

The vehicle shown was a Ram 2500 pickup truck with four-wheel drive and peak power and torque ratings of 750 kW and 15,200 Nm respectively.

China

|

Order

|

Electric Drive

BorgWarner lands major Chinese e-motor order  

By Luke Willetts – 30th May 2023

The company is set to supply its HVH emotors to a major Chinese OEM, with mass production of the automaker’s DHT and REEV vehicles scheduled to start in August 2023 in Tianjin.

Germany

|

Restructure

Bosch to realign its automotive-supply business

By Luke Willetts – 29th May 2023

With this growing sector of the business, the aim is to have a dedicated team serving existing customers and growing the mobility business, with projected sales revenue expected to reach EUR 80 billion by 2029.

Canada

|

Battery Systems, Supercapacitors & Solar

|

Manufacture

Hexagon Purus opens battery and hydrogen storage systems facility in Canada

By Bradley Osborne – 26th May 2023

Hexagon Purus says the 60,000-square-foot facility will have an annual production capacity exceeding 1,000 battery systems and will employ up to 150 engineers and assembly technicians.

USA

|

Electric Drive

|

Product

Cenntro debuts 12-ton e-tractor unit at the WasteExpo in New Orleans

By Luke Willetts – 26th May 2023

Designed for intracity and short-haul applications, the semi-tractor is powered by fully electric motors, which are in turn powered by a 218-kWh lithium-ion phosphate battery pack. This battery pack provides the truck with 155 miles (249 km) of range and is capable of DC fast-charging in just 90 minutes.

China

|

Order

|

Electrical Systems & Components

BorgWarner to supply eFan to global OEM

By Luke Willetts – 26th May 2023

The company is set to supply its high-voltage eFan system to a global commercial vehicle OEM for use in both the European and North American markets, which marks the first eFan system business in North America for BorgWarner.

Philippines

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Agreement

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Manufacture

|

Distribution & Aftermarket

Philippine distributor Terrafirma Motors to assemble Dayun electric trucks

By Will Pulson – 25th May 2023

The first truck to be assembled is a Dayun Dragon E5 3-ton payload truck.

Australia

|

Agreement

Loop Energy and Mynt to manufacture hydrogen-electric powered generators

By Luke Willetts – 25th May 2023

Under the agreement, revealed in May, Loop Energy will supply its fuel cell modules for integration into Mynt’s range of Purple H2 generators, designed to offer a clean energy alternative to diesel generators.

South Korea

|

Mergers, Acquisitions & Disposals

|

Strategy/Policy

KG Mobility to acquire South Korean EV maker Edison Motors

By Will Pulson – 21st May 2023

The move to acquire Edison Motors is part of KG Mobility’s new parent company’s strategy to expand into the global automotive market, particularly in the fast-growing electric vehicle (EV) segment.

Japan

|

Product

|

Manufacture

Isuzu and UD announce jointly developed heavy-duty truck range

By Will Pulson – 20th May 2023

The new heavy-duty truck range is the first new product line to be developed jointly since Isuzu completed its USD2.2bn acquisition of UD Trucks from Volvo Trucks in April 2021.

USA

|

Germany

|

Mergers, Acquisitions & Disposals

|

Manufacture

Bosch acquires U.S. semiconductor company for an undisclosed fee

By Luke Willetts – 20th May 2023

According to Dr Stefan Hartung, Bosch Chairman, the company has made this acquisition in order to grow its electromobility business by reinforcing its semiconductor supply chain.

UK

|

Appointment

Krone expands UK sales team

By Luke Willetts – 19th May 2023

Krone appointed two new sales managers to strengthen the UK sales team as demand for Krone trailers increases throughout the region.

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    • Battery Electric
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    • ADAS & Safety Systems
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    • Alternative Fuel Engines
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    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
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    • 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
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