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Business News

Manufacture

France

|

Agreement

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Product

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Batteries & Energy Storage

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Hydrogen Fuel Cells

Forsee to supply battery systems for Hyliko’s hydrogen-powered trucks

By Luke Willetts – 13th January 2023

Hyliko claims that the Forsee Power's PULSE 2.5 modules have a better usage performance compared with rival battery systems.

South Korea

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Hydrogen Fuel

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Investment

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Manufacture

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Distribution & Aftermarket

SK Group to produce, distribute liquid hydrogen from 2023

By Will Pulson – 12th January 2023

SK E&S plans to produce up to 30,000 tons of liquid hydrogen per year at a new facility in Incheon.

Indonesia

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Turkey

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Agreement

Turkey’s Karsan in electric bus partnership in Indonesia

By Will Pulson – 11th January 2023

Karsan offers a full range (6m to 18m) of battery and HFC-powered electric buses for urban transport.

USA

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Hydrogen Fuel

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Agreement

Nikola and Plug Power agree hydrogen partnership

By Bradley Osborne – 10th January 2023

The two American firms announced a strategic partnership which would see Plug Power supplying Nikola with fuel and processing equipment to support Nikola’s hydrogen strategy.

China

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Hydrogen Fuel Cells

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Agreement

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Distribution & Aftermarket

Hyundai signs HFC commercial vehicle manufacturing joint venture MoU in China

By Will Pulson – 10th January 2023

Hyundai, which has had a presence in China CV manufacturing sector through joint venture companies for many years, is to use its new MOU with CICC to expand its presence in the region in zero emissions HFC technology.

USA

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Appointment

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Wheels & Tyres

Bridgestone America appoints Steve Hoeft as the new President of the Commercial Truck Group division

By Luke Willetts – 9th January 2023

Steve Hoeft, who was previously COO replaces Chris Ripani as President of Bridgestone's CTG division, effective immediately.

Sweden

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Investment

SKF investing SEK 1.25bn in Asian facilities

By Bradley Osborne – 7th January 2023

The bearing and seal manufacturer is investing the money in its factory in Dalian, China and in local manufacturing in India and Southeast Asia.

Germany

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Poland

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Electric Drive

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Manufacture

Mercedes-Benz to build VAN.EA panel vans in Poland from 2025

By Bradley Osborne – 6th January 2023

The company has revealed that it will be expanding its car engine and battery facility at Jawor to accommodate the production of large VAN.EA panel vans, based on a new electric vehicle platform.

UK

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Manufacture

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AI, Digitalisation & Robotics

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Wheels & Tyres

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Investment

Bandvulc invests in UK tyre re-tread plant

By Luke Willetts – 6th January 2023

The design, development and installation of the robots used in the factory have been undertaken by the Bandvulc engineering team as a part of the company’s three-year operational plan to introduce advanced and innovative tyre re-treading technologies that drive quality and productivity.

UK

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Electric Drive

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Strategy/Policy

Free Article

Paradigm shift: Saietta’s entry into the heavy-duty powertrain market

By Bradley Osborne – 3rd January 2023

T&BB spoke to representatives of Saietta – a British e-powertrain developer – and its Dutch subsidiary (formerly known as e-Traction) about how the group came to make its first steps into the market for heavy-duty vehicles.

Canada

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Manufacture

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Investment

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Hydrogen Fuel

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Hydrogen Fuel Cells

First Hydrogen to build an assembly plant for LCVs in Quebec

By Luke Willetts – 3rd January 2023

The plant will be used for the assembly of LCVs as well as for the production of 50MW of green hydrogen using advanced electrolysis technology.

Switzerland

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Electrical Systems & Components

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Ownership

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Mergers & Acquisitions

BorgWarner acquires Drivetek for USD37 million

By Luke Willetts – 2nd January 2023

BorgWarner has announced it has agreed terms to buy existing power electronics manufacturing supplier, Bern-based Drivetek, for USD37 million, of which USD27 million was delivered at closing, with the additional USD10 million being paid over the next three years.

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