The company recorded a 28% rise in profitability from 2023, and turnover rose from EUR 106 million in 2023 to EUR 161 million in 2024, an increase of 52 percent!

Readers of Truck & Bus Builder will be accustomed by now to news stories reporting the demise of yet another electric vehicle startup. Particularly in Britain and in the USA, several new companies in receipt of millions of dollars of investors’ money – either through venture capital funding rounds or the stock market – have faltered in the past year, reducing their business activities to a fraction of their original scope or ceasing to trade altogether. Yet, in late 2024, while all of this was going on, a small British firm successfully raised a sum of GBP17.3m from investors who could justifiably have refused to cough up a single penny towards yet another electric vehicle proposition. Bucking the trend, Sunswap Ltd is showing that a new entrant can bring out a product that is economically as well as environmentally sustainable.

An ‘eTGX’ tractor unit will be put on the road, pulling DPD semi-trailers on a route from the firm’s delivery hub in Hinckley in central England.

This agreement aims to combine resources to improve on the existing cab designs in terms of aerodynamics, comfort and safety. Production of the first cabins is anticipated to commence by 2028.

New sales, aftermarket and training hub opened in Guayaquil.

The group - including the DAF, Kenworth, and Peterbilt truck brands - achieved total revenues of USD33,663.8m in 2024.

Pickup truck sales in the country plunged 38% in 2024.

We spoke with Tim Dortans, Vice President Global Sales – Mobility Road at Hübner, who explained the strategy for growth in two key markets, Turkey and India.

Annual revenue declined by 32% from 2023 figures (USD 102.368 million) to USD 69.731 million. The net loss in 2024 (USD 324.245 million) almost doubled from 2023 (USD 177.716 million).

Engines will be used in Australian army vehicles.

Workhorse’s step vans will be installed with telematics hardware and integrated with the ‘MyGeotab’ platform.

This marks a significant growth of 1,791% in its electric vehicle service portfolio over the past 12 months.