The purchase will enlarge WEG's turnover and global reach substantially. The net operating revenue of these businesses in 2022 was approximately BRA 2.8 billion (USD541.5m), with an adjusted EBITDA margin of 9.5%.

Cummins said the acquisition would secure long-term access to the technology and facilities required by Cummins Emissions Solutions to meet the demand for low-emission products.

Since 2010, Mauri Bus System has represented Otokar and sold its vehicles in Italy.

The assets include production lines for battery pack assembly, battery testing and validation equipment, computer numerical control equipment, and module enclosure production.

The significance of this investment for InoBat is that this will provide access to Gotion's research and development, its raw materials (lithium etc.) supply chain, cell production and recycling capabilities which will accelerate InoBat’s path to series and large-scale production of battery cells.

Intellectual property, offices, and testing facilities based in Apeldoorn, Netherlands have now been transferred to ConMet, and former staff associated with the heavy-duty motor development have moved to ConMet as well.

Siemens said that the acquisition, which would merge Heliox into its existing eMobility portfolio of charging products, will expand its coverage to DC fast chargers for trucks and buses.

The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

OHM Global Mobility is now a part of Switch Mobility, founded in 2020. It provides an end-to-end clean mobility financing technology platform that enables EV businesses to access institutional capital efficiently.

The merger with ElectraMeccanica, which is expected to complete in the fourth quarter of this year, is being made with the view of combining industrial assets on both sides of the Atlantic and scaling up electric vehicle production for the European and North American markets. 

The patented software helps detect early battery defects and will aid GM in developing an early hazard detection system for batteries. The value behind this software is that it doesn’t require additional hardware or sensors to monitor minor changes that have the potential to impact battery health.

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.