The investment will target Coherent’s silicon carbide unit, which will be separated into an independent subsidiary named Silicon Carbide LLC. This investment gives Denso a 12.5% non-controlling equity stake in Silicon Carbide LLC and most importantly secures access to and supply of SiC wafers for its electric components.

Post pandemic, BAE Systems increasing its efforts to add more transit bus customers to its client portfolio but also new customers in truck, marine and military. Tom Webb, Director Business Development at BAE Systems explains the company's approach to market.

“HÜBNER is more than just a supplier of articulated bus systems,” announces Uwe Bittroff, Managing Director of the HÜBNER Group of Kassel at Busworld Europe last month. “As a global supplier, we offer our customers integrated, customized solutions."

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.