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Business News

Product

UK

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Ownership

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Investment

AEM raises GBP 23 million in funding to develop metal-free EV motors

By Luke Willetts – 4th January 2024

The capital is to be invested in its factory in the North East of the UK, creating 40 new jobs over the next two years. According to AEM, the capital will enable the company to start producing copper-free EV motors for both passenger and commercial vehicles. 

USA

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Manufacture

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Agreement

Zeus Electric Chassis to contract Edison Manufacturing and Engineering to produce Class 5 electric vehicles

By Bradley Osborne – 4th January 2024

The Class 5 vehicle will launch with two-wheel drive, a new cab, and a new 800V electrical architecture.

USA

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Product

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Battery Electric

Rivian launches sales of Class 2 electric delivery van, ending Amazon exclusivity

By Bradley Osborne – 3rd January 2024

The ‘EDV’, short for ‘Electric Delivery Van’, was produced for Amazon package deliveries; since production began in 2021, around 10,000 vehicles have been produced for Amazon in the U.S. and Europe.

Slovak Republic

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Agreement

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Manufacture

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Battery Systems, Supercapacitors & Solar

Gotion InoBat JV signs MOU with the Slovak government to build a gigafactory in Šurany

By Luke Willetts – 3rd January 2024

With construction set for next year on a 65-hectare area of land in Šurany, the Slovak government is set to provide subsidies. The venture aims to begin battery production in Q2 2026, producing EV batteries with a combined annual output of 20 gigawatt-hours.

Belgium

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Product

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Strategy/Policy

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Electric Drive

Free Article

BAE Systems voices benefits of Modular Powertrain Solution for buses and coaches at Busworld Europe

By Jim Gibbins – 2nd January 2024

On the stand BAE Systems displayed its current family of motors and inverters; these included the GPM-10 and GPM-12 direct drive motors alongside a GPM-5 motor with an Eaton MD4 (Medium-Duty 4-speed) gearbox, as well as the MAPS*, MPCS**, and GPI-10 inverters.

Germany

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Fuel Storage Systems

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Compliance

Voith hydrogen tanks approved for road use by UNECE

By Bradley Osborne – 2nd January 2024

Now that it is approved for road use, the Carbon4Tank is ready to be serially produced.

Germany

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Autonomous Vehicles

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Prototype, Testing & Trials

Iveco and Plus automated truck project to begin first customer trial in 2024

By Luke Willetts – 2nd January 2024

The Iveco SpA / Plus Inc heavy-duty truck (Iveco S-Way) installed with Plus’s level 4 autonomous driving technology (‘PlusDrive’), is to begin its first customer trial in Q1 2024, with German drugstore retailer, dm-drogerie markt.

Thailand

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Product

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Manufacture

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Chassis Cowls & Pickups

Isuzu launches 3rd-gen D-Max truck and plans electric D-Max version

By Will Pulson – 2nd January 2024

The D-Max’ main production base is in Thailand, from where it is made available in over 100 countries and regions worldwide.

Manufacture

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Electrical Systems & Components

Forvia opens new electronics plant in China

By Luke Willetts – 31st December 2023

Forvia’s Fengcheng Mega Plant employs 1200 staff, housing 89 production lines dedicated to producing products in three main areas: display technologies, cockpit electronics and automated driving technologies for both passenger and Commercial Vehicles (CVs).

Belgium

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Achievement

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HVAC Systems

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Refrigeration Systems

Daikin Europe celebrates 50th anniversary

By Luke Willetts – 30th December 2023

Daikin Europe began in 1973 with its first manufacturing site in Ostend, Belgium. The company now has factories in the Czech Republic, Austria, Germany, Italy and Spain.

France

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Product

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Exhibitions & Conferences

Pommier presents new underrun bar & locking systems for semi-trailers at Solutrans 2023

By Bradley Osborne – 29th December 2023

The ‘X-Fold P94’, one of the latest products in Pommier’s ‘R58-03’ range of underrun bars for semi-trailers, is a manual retractable bar with round steel tube.

UK

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Electric Drive

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Battery Systems, Supercapacitors & Solar

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New Company

Hitachi and FirstGroup set up battery leasing joint venture

By Luke Willetts – 29th December 2023

The companies have formed a joint venture (NextGen AssetCo) for leasing up to 1,000 electric bus batteries for GBP 100 million as part of FirstGroup’s plan to electrify its electric bus fleet in the UK. This new company will purchase the batteries, which will then be leased to First Bus over an eight-year period.

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Truck & Bus Builder is a specialist publishing company providing news and statistical analysis about the world commercial vehicle manufacturing industry.

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