GreenPower has entered into an agreement with Roth Capital Partners to raise capital through the sale of shares - the capital raised will be invested in new product development, increasing production capacity and sales.

Hino pulls out of Russia.

BorgWarner looks to expand business in Asian markets with acquisition of Hubei Surpass Sun Electric

BorgWarner expands business with purchase of charging technology firm Rhombus.

Smile Invest and the Essers family buy majority stake of Cargo Floor.

The transaction includes more than 100 IP assets, including 24 U.S. patents and 143 pending applications in battery pack design, manufacture, and management.

The Terberg Business Lease Group, a joint venture formed in mid-2019 between Terberg and mobility services company AutoBinck Group, is being sold to Arval, an automotive leasing firm and division of international banking group BNP Paribas.

‘Karno’, made by metal additive manufacturing or 3D printing, is designed to generate power from over 20 different fuel types, including hydrogen, natural gas, propane, ammonia, and conventional fuels.

The manufacturer of automotive components signed a definitive agreement acquiescing to the company’s purchase by Hidden Harbor for an undisclosed sum.

Benalu will merge its activities with those of Legras, becoming the newly formed ‘Benalu-Legras Group’, with Benalu CEO Arnaud de Ponnat as Chairman and Legras President Jean-Rémy Legras as shareholder. 

The engine manufacturer has taken over the axle and brake specialist for a sum of USD3.7bn.

German CV electrification conversion start-up, Clean Logistics SE in Hamburg has agreed terms to buy Dutch heavy-duty multi-axle truck conversion specialist and modifier, GINAF Trucks Netherlands B.V. from the management team at GINAF.