KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

FFI is now acquiring the ‘Phoenix Hydrogen Hub’ project for an undisclosed sum and will draw up a supply agreement with Nikola for hydrogen produced at the site when it is up and running.

Hydrogenics’ fuel cell and electrolyser capabilities will be incorporated within Cummins’ new business unit for zero-emission technologies called ‘Accelera’.

DB is a 30 year old technology company company with offices in Porto Alegre (RS) and São Paulo (SP).

Kássio Seefeld, CEO of TruckPag says it is set to double its customer sles and revenues in 2023.

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.