Electric vehicle maker Edison to buy bankrupt SUV-specialist Ssangyong Motor Corp.

Randon's new automation and digitalization division, RTS has acquired a controlling stake (80%) in the robotics automation division of Auttom for BRA14 million.

The two companies will collaborate in the development of automated yard logistics and intelligent predictive cruise control.

Hydrogen fuel cell manufacturer Ballard Power Systems has acquired British fuel cell specialist Arcola Energy.

Plug Power aims to use Frames' expertise in manufacturing processing equipment for oil and gas treatment plants in expanding its hydrogen production capacity.

Hon Hai has entered into a definitive Asset Purchase Agreement for the Lordstown, Ohio facility (excluding certain assets such as the hub motor assembly line and battery pack and module lines) for USD230m.

Truck trailer rental company TIP Trailer Services has acquired Steers Group and Eurotrail, which leases heavy-duty vehicles in the UK.

Terberg Specials, purchased from the Royal Terberg Group, will now carry out modifications of light commercial vehicles under the 'Veth Automotive' brand.

Bedeo will leverage Protean Electric's in-wheel motor technology in the electrification of light commercial vehicles.

Munich-based braking systems manufacturer Knorr-Bremse AG has announced it has acquired a 5% minority shareholding in Israeli start-up Autobrains Technologies Ltd based in Tel Aviv-Yafo. Autobrains supplies video perception technology and advanced driver assistance systems (ADAS).

Swedish component manufacturer Concentric AB, based in Linköping, has announced the acquisition of Engineered Machined Products Inc. (EMP), a producer of electric and mechanical oil and water pumps, electric fans and thermal management systems based in Syosset, New York. Concentric purchased EMP in cash for approximately USD147 million.

The Texas-based manufacturer of cryogenic equipment for the transportation of liquefied hydrogen will support Plug Power in the development of a hydrogen economy in the U.S. and abroad.