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.

The purchase will enlarge WEG's turnover and global reach substantially. The net operating revenue of these businesses in 2022 was approximately BRA 2.8 billion (USD541.5m), with an adjusted EBITDA margin of 9.5%.

The deal between the two companies is aimed at helping legacy fleet operators transition to electric by providing a comprehensive offering for fleet deployment and charging infrastructure. The data provided will offer operators information on the status of their vehicles, batteries and charging infrastructure, enabling them to optimise their fleets.

Mellor Bus was just another vehicle conversion specialist before it started taking Ducato vans and installing them with electric powertrains. Now, according to Gustavo Marqueta-Siibert, Group Business Development Director for Mellor’s parent, WN VTech Ltd, Mellor is challenging the major European bus manufacturers in segments and applications which have thus far been neglected in the transition to electric vehicles.

The rebranding is part of the company's plan to completely reinvent itself going from light duty truck builder to producer of EV charging equipment.

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.

Lumax Auto already supplies engine oil under the the 'Ultra' brand name.

World's biggest operator, valued at USD3bn, to enter India in 2024.

As manufacturers increasingly move towards producing electric, “software-defined” vehicles, Volkswagen CEO, Oliver Blume said that aesthetics will replace “traditional unique selling propositions” (i.e., technical design) as the key differentiator between brands.

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 JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.

From now on, Volkswagen will specify to its Tier 1 suppliers which semiconductors and other parts it would prefer in its electronic components.