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Business News

Manufacture

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.

South Korea

|

AI, Digitalisation & Robotics

|

Manufacture

|

Agreement

Hankook to improve efficiency by developing AI data platform

By Luke Willetts – 19th May 2023

Hankook has contracted web service providers Amazon Web Services and Snowflake to build an integrated AI data platform to make more informed decisions based on more reliable data sets aiding product development and increasing manufacturing efficiency, thus enhancing global competitiveness.

Ukraine

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Slovak Republic

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Product

|

Manufacture

The end of cheap vehicles: an interview with Vakhtang Dzhukashvili of Torsus

By Bradley Osborne – 18th May 2023

In this special T&BB feature, we speak with the CEO of a company making off-road buses which was founded in Ukraine and which has borne the brunt of the Russian-led invasion of the country.

USA

|

Hydrogen Fuel Cells

|

Product

|

Exhibitions & Conferences

Hyundai Motor America premieres Xcient fuel cell truck at ACT Expo

By Bradley Osborne – 18th May 2023

The Xcient is the world’s first mass-produced heavy-duty FCE truck and it has been shipped by South Korean parent Hyundai Motor Company to markets including Switzerland, Germany, Israel, South Korea, and New Zealand.

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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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  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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