Daimler Truck opened a new 22,000 sqm truck and bus all-purpose driveline agnostic servicing and sales centre in Stuttgart (“Mercedes-Benz Commercial Vehicle Center”) for Mercedes-Benz and Fuso trucks as well as Setra and Mercedes-Benz buses. This is its fifth such facility in the past 12 months, and it plans to add three more in Europe in 2025.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Isuzu to invest THB32bn (USD900m) in its Thai operations over the next five years as it looks to step up its transition to zero-emission vehicles.

Cummins is offering its remaining stake (80.5%) in Atmus to its shareholders, who have the option of exchanging Cummins common stock for shares in Atmus (at a 7% discount).

This acquisition strengthens Hitachi’s (Hitachi Energy’s Grid-eMotion division**) position in the electric mobility sector by expanding its product portfolio and production capacity of its electric vehicle charging equipment.

The new facility is scheduled to be completed in 2028 within the company’s Hwaseong manufacturing complex.

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.

The high-powered 1 MW chargers are expected to go into series production in late 2024 and initially, will be rolled out in Finland and then later to other parts of Europe.

Luca de Meo recently unveiled a roadmap for developing a competitive European green mobility ecosystem, co-signed by the heads of Europe’s largest commercial vehicle OEMs. The roadmap, submitted to the EU Parliament and Commission is premised on three pillars of supply, production and demand, encompassing views of all relevant industry stakeholders.

Representing an approximate investment of USD600m, the new facility will be developed along “vertical production” principles a la Tesla, meaning that battery and vehicle assembly will take place at the same location.

The market for electric vehicles in North America is currently a very crowded one. In the wake of two crucial U.S. government bills – the Infrastructure Investment and Jobs Act (2021) and the Inflation Reduction Act (2022) – established OEMs and startups are enjoying a boost in interest as grants and tax incentives support the expansion of EV manufacturing, sales, and charging/fuelling infrastructure.

This will encompass its EV chargers (inductive and DC fast chargers), mobile chargers, related infrastructure and the management software for these charging solutions.