Randon Group plans entry into the large US semi-trailer market and announces agreement to buy US-trailer builder Hercules Chassis to establish local manufacturing base.

Nikola believes that, by bringing battery development and production for its Class 8 electric trucks in-house, it will be able to accelerate rollout and to bring down costs by USD350m per year from 2026.

Hyzon Motors Inc to acquire German truck and trailer body Orten Betriebs GmbH and e-drive conversion company, Orten Electric Trucks GmbH.

Clarience Technologies Inc acquires Pressure Systems International as it broadens its technology competencies in connected systems as tyre inflation becomes critical for electric and autonomous vehicles.

Roadbotics primarily advises local authorities on road maintenance by identifying priority areas of concern with its AI technology, which employs machine-learning to analyse images of roads taken from cameras.

Foxconn says it plans to invest TWD6bn (USD200m) in a new electric vehicle (EV) battery development and production centre in the island’s southern port city of Kaohsiung to underpin its expansion into the local automotive industry.

The French tyre manufacturer has acquired complete ownership of joint-venture firm Royal Lestar Utama, launched in 2015 to develop sustainable production of natural rubber in Indonesia.

Knorr-Bremse AG, based in Munich, Germany, has signed a contract to acquire a majority stake in Spanish connectivity and digitalisation specialist Cojali S.L., based in Campo de Criptana. The signed contract values the 55% stake in Cojali at EUR200 million.

The American corporation has completed its acquisition of Maxi-Métal, which has been operating in the Canadian market since 1983 and will be incorporated into Oshkosh's Fire & Emergency segment.

Following its acquisition of Graz, Austria-based cryogenic storage specialist Cryoshelter GmbH announced at ACT Expo in Long Beach, California, Truck & Bus Builder spoke to Hexagon Group to discuss its strategy for renewable fuels in the North American and European markets.

The American firm has announced its intention to acquire the commercial vehicle division of Siemens - manufacturing motors and inverters for electric vehicles - for approximately USD190m in cash, with the sale expected to occur by the end of the year.

The zero-emission division of Hexagon Group, Hexagon Purus ASA, based in Oslo, Norway, has entered into an agreement to acquire 40% of Cryoshelter GmbH’s liquid hydrogen business, based in Graz, Austria.