Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

The German manufacturer has acquired modern factory equipment and a young team of technicians which will be integrated into its European production network.

This is just one of many recent acquisitions by Borgwarner in the electromobility sector.

A definitive agreement is set to be signed in the first quarter of 2024, with the transaction to be completed by the end of 2024, pending legal and regulatory approval. Whilst details remain sparse, the goal is to unify their efforts in commercial vehicle development, procurement, and production in order to build a globally competitive Japanese commercial vehicle manufacturer.

EYES will be renamed as ‘Quantron Italy srl’ and will be responsible for assembling and marketing Quantron vehicles for the Italian market.

UK DAF dealer Greenhous Group has acquired the property and assets of Shrewsbury-based bodybuilder Bulkrite to further enhance its presence in the commercial vehicle market.

There is significant capital to be invested in the company with the explicit aim of doubling its manufacturing capacity by the end of 2027 to service both the OE and aftermarket segments.

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.

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.

Volvo Trucks announced back in late 2021 that it would acquire JMC Heavy Duty Vehicle Co Ltd and its manufacturing facility in Taiyuan, Shanxi from Jiangling Motors Corporation.

As part of its environmental services remit, MUT manufactures municipal truck bodies for waste collection, street cleaning, and sewer treatment.

According to the Executive Chairman of MaxiTrans, Greg L’Estrange, Schmitz’s investment in the group will pave the way for shared technological development and operational support as MaxiTrans grows its business.