Executives claimed that they have an annual production capacity of 5,000 buses and a strategy to target the Middle Eastern and African markets.

The partners plan to initially invest a combined USD2.64bn to build a facility with a production capacity of 21 gigawatt hours (GWh) of batteries per year for commercial and industrial vehicle applications.

With USD10m in additional shareholder funds the company will focus on deployment of electric tarmac buses at Bengaluru international airport and development of a mid-mile heavy-duty EV truck platform.

Designed for the global market, the concept electric truck showcases Tresa's take on industrial design, axial flux powertrain and safe battery packs for medium and heavy electric trucks.

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

In the past year, Phoenix Mobility has rebranded itself as ‘Tolv’ and attained UTAC and CNRV certification for the conversion of Renault mid-sized vans to electric power.

The ‘RA-01’, which was debuted at the Advanced Clean Transportation Expo between 1-4 May 2023, is a 53-foot semi-trailer installed with an electric axle and energy storage system.

Each truck is built on Battle Motors’ electric cab-chassis platform, which is powered by a 500-horsepower ‘Cascadia Motion’ motor supplied by BorgWarner.

Voltera will take the lead in identifying suitable locations, building the stations, and operating them, and Nikola will supply them with hydrogen and provide technical support.

Led by seasoned experienced transportation industry personnel - Richard Welford, CEO, Anu Kabra, CTO and Tom Hughes, CSM - the new company aims to supply the goods transportation and distribution industry with a revolutionary electric axle design.

HVS is on track to be the first UK-designed and developed hydrogen-electric HGV on the market, and with the recent financial backing of the EG group, they just might get there.

Borgwarner names senior executives, Brady Ericson and Chris Gropp to lead new entity.