The automotive corporation has set up a new company called PowerCo which will be responsible for production at the facility - set to begin in 2025 - and for global marketing of battery products for the group.

The startling ambition of Evum Motors GmbH is evinced by its name. It is derived from the Latin word aevum which, among other things, means “eternity” – a grandiose claim for a company which is only five years old. But what Evum Motors may lack in experience is made up for by its sheer confidence: confidence, that is, in a unique proposition which might well sidestep and get ahead of the more conventional designs of the commercial vehicle giants.

Impact Coatings AB has announced the opening of its subsidiary in China, headquartered in Shanghai. The objective of the new subsidiary is to distribute the firm’s PVD (physical vapor deposition) coatings for hydrogen fuel cells in China.

The autonmous driving technology company has announced that it is opening a new technology and software development centre in Stuttgart, Baden-Württemberg, Germany, nearby the headquarters of its parent, Daimler Truck.

Paris-based Keolis Group has announced the creation of a wholly owned subsidiary, called Hove, for the design and deployment of digital tools to assist shared mobility. The digital product offering is targeted at public transport authorities and is based on the analysis of mobility data, aiming to improve the understanding of public mobility within a local region. Created out of a merger between Kisio Digital and the Kisi Services & Consulting data team, the new company brings together 110 mobility data staff from the Keolis Group.

The company, founded in 2018, aims to create a market for the electrification of vehicles, including vans, buses, and trucks, in France.

Daimler Truck has begun trading as a separate entity to Daimler after it listed on the Frankfurt Stock Exchange.

CNH Indutrial is expected to approve the spin-off of Iveco Group following an emergency general meeting in December 2021.

Build Capital Partners, based in Salt Lake City, Utah, has announced the launch of Lane VC, an independently managed venture capital firm focused on the EV market.

Terberg RosRoca Vehicle Manufacturing LLC is based in Dubai Industrial City and has already began producing waste collection vehicles.

The Vienna-based subsidiary, led by Manfred Heidegger and Andreas Hager, will take over coordination of software development for pepper motion.

The fuel-cell developer has established a subsidiary led by Rob Del Core in San Francisco, marking the company's entry into the North American market.