Incentives include tax exemptions of between two and eight years, financial support and streamlined regulations (with other nations).

The start of production is scheduled for Q4 2027 with implementation across various CV applications. The EGR coolers are an integral part of reducing nitrogen oxide (NOx) emissions in internal combustion engines.

The agreement, which was signed at the end of July, is aimed at expanding its business within China’s electric drive axle market.

The zero-emissions truck is produced under contract at the manufacturing facility of Spartan Motors Corporation* in Charlotte, Michigan, USA,

Japanese manufacturer Isuzu’s latest N-Series truck, the ‘NRR-EV’, will be assembled by Builtmore in Charlotte, Michigan and delivered to customers from this month onwards.

The company has launched a new powder coating specifically designed for EV batteries, improving electrical protection by improving thermal management for EV batteries, which is crucial for maintaining optimal performance and safety.

The slower-than-expected transition to electric vehicles is one of the main factors behind the decision to restructure the business, though Northvolt’s CEO and co-founder, Peter Carlsson, said, “there remains no question that the global transition towards electrification — and the long-term outlook for cell manufacturers, including Northvolt — is strong”.

The company cut 300 jobs in the U.S. and Canada amid financial pressure as it seeks profitability. The cuts came in the manufacturing and administrative segments of the business.

David Earnshaw told T&BB that the new plant will specialise in high voltage equipment for electric vehicles.

With the upcoming IAA Transportation event in Hanover, Germany (September 17-22), just around the corner, a company that is hoping to make a splash is Italian powertrain manufacturer, FPT Industrial (a wholly-owned subsidiary of the Iveco Group).

Volvo NA will take over CVG’s ‘Cab Structures’ business, including its assembly plant in Kings Mountain, North Carolina – which is where CVG assembles medium- and heavy-duty cabs for Mack Trucks – for approximately USD40m.

CEAT's current TBR tyre production capacity is 3,000 tyres per day.