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Business News

Strategy/Policy

Germany

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Electric Drive

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Hybrid Drive

e-troFit rebrands to pepper motion with sights set on hydrogen

By Will Hall – 13th September 2021

Bus and truck retrofitting and solutions firm e-troFit, based in Denkendorf, has announced a rebrand to pepper motion. The name change is intended to more accurately reflect the company’s expansion of its product and solution portfolio which is open to other new technologies beyond electrification.

South Korea

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Hydrogen Fuel Cells

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Strategy/Policy

Hyundai focused on hydrogen-powered HCVs

By Jim Gibbins – 6th September 2021

Hyundai Motor Group of Seoul, is investing heavily in two main zero-emission technologies, battery-powered electric vehicles and hydrogen fuel-cell electric vehicles (FCEVs), as major markets across the world look to phase out internal combustion engines in the next 15 years.

USA

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Strategy/Policy

Cummins considering spin-off of filtration division

By Bradley Osborne – 2nd August 2021

Cummins Filtration, the business unit which produces fuel filters for trucks as well as heavy machinery and power generation systems, may be spun off as an independent company.

Italy

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Achievement

Iveco celebrates production of 600,000th Eurocargo truck in Brescia as it invests in plant to make it carbon neutral

By Jim Gibbins – 1st July 2021

Iveco has celebrated the 600,000th Eurocargo produced at its Brescia plant, Italy. The milestone vehicle was powered by compressed natural gas.

USA

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Hydrogen Fuel Cells

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Mergers, Acquisitions & Disposals

Eberspächer acquires ViCTORi LLC

By Jim Gibbins – 1st July 2021

Emission and thermal management control company, Eberspächer Group says it has acquired ViCTORi LLC of Boulder, Colorado, USA, which makes air compressors for fuel cell systems.

France

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Electric Drive

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R&D

Renault Trucks building EUR33m R&D centre in Lyon

By Jim Gibbins – 1st July 2021

As part of its drive towards fossil-free transport by 2040, Renault Trucks SAS is building a new R&D centre near its headquarters in Lyon, France.

USA

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Electric Drive

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Agreement

TICO engages Volvo Penta as e-mobility partner for terminal tractor development

By Jim Gibbins – 1st July 2021

AB Volvo Penta Industrial of Gothenburg, the marine and industrial powertrain division of the Volvo Group, has entered a strategic project partnership with TICO (Terminal Investment Corporation) of Savanah, Georgia, USA to electrify its terminal tractor range.

Italy

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Appointment

Domenico Nucera to head CNH Industrial's Bus Business Unit

By Jim Gibbins – 1st July 2021

In preparation to spin-off its on-road business under the name On-Highway by the start of 2022, CNH Industrial has appointed Domenico Nucera to head the Bus Business Unit, succeeding Sylvain Blaise, effective October 1, 2021.

USA

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Electric Drive

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Agreement

REE and Poindexter to collaborate to build light-duty e-trucks

By Jim Gibbins – 1st July 2021

REE Automotive has announced a strategic collaboration with EAVX, a wholly-owned business unit of US truck body builder, JB Poindexter & Co, to build light-duty e-trucks.

Germany

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Electric Drive

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Aftermarket

Daimler Trucks unveils ‘e-Truck Ready’ profiling App for customer eCanter suitability evaluation 

By Jim Gibbins – 1st July 2021

Daimler Trucks’ 'eTruck Ready' App for determining which operating profiles and routes are suitable for an eCanter truck, is now available in key European markets where Daimler Trucks is selling the Fuso eCanter electric truck.

Turkey

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Investment

TEMSA raises capital from parent companies to expand sales and product range

By Jim Gibbins – 1st July 2021

Bus and coach builder, Temsa, has received a capital injection of funds totalling TRL300m (USD34m) by its parent companies, Sabancı Holding and the PPF Group, thereby increasing its investment capital from TRL210m (USD24m) to TRL510m (USD59m).

Israel

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Mergers, Acquisitions & Disposals

REE Automotive completes merger with 10X Capital to secure placement on the NASDAQ Composite

By Jim Gibbins – 1st July 2021

REE Automotive has completed its merger with 10X Capital Venture Acquisition Corporation on July 22, 2021, following approval of shareholders.

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    • ADAS & Safety Systems
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    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
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    • Body & Cab Components
    • Brakes & Braking Systems
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    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
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