The German trailer manufacturer's earnings before interest and taxes (EBIT) were positive, standing at EUR108.5m – whereas the company reported a loss of EUR15m the year before.

A Reuters report yesterday announced that the Swedish-based electric vehicle startup has decided to file for bankruptcy in its home country.

In May 2023, Sono Motors announced that it had filed for a protective shield proceeding with the Munich Local Court when the business became insolvent.

According to group figures, the Commercial Vehicle Systems (CVS) Division has profited from positive market developments, with incoming orders and an order book of EUR 2,212 million, up 15.8% on the previous year’s corresponding order book value (H1/22: EUR 1,911m).

Whilst South Korea’s biggest tyre manufacturer prepares for the launch of its new electric bus tyre range later this year, we decided to have a closer look at the rise of this tyre giant hailing from the East.

The company posted revenues of EUR 41.7 million in H1 2023. Ebusco’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) was EUR - 43.5 million leading to an overall loss of EUR - 35.8 million.

In the first half of 2023, Ebusco delivered fewer buses than expected and the penalties for delays impacted the financial performance of the company. This was due to supply chain disruptions and labour shortages.

With 100 or so single temperature trailers operating in the UK, Tiger Trailers is now offering the market a tri-temperature version.

In the first half of 2023 the joint venture, based in Taiwan’s capital Taipei, sold 50 battery-powered buses (e-Bus) based on the ‘Model T’ prototype that was developed by Hon Hai based on its MIH purpose-built open platform.

Proterra, whose shares nearly halved in value after the bell on Monday the 7th of August 2023, listed its assets and liabilities in the range of USD 500 million to USD 1 billion. The company says it has a market value of USD 309 million and is currently trading at USD 0.15 a share as of Thursday the 10th of August.

Over the past several months, the share price of the battery electric vehicle manufacturer has tumbled by 90%, from USD3.25 at the end of March to USD0.32 per share on 13 June. As of writing (25 July), the company’s value stood at USD0.14 per share.

The new Volksbus range already consists of seven models - one more for minibus production is now being added.