The company says it has initiated cost cutting measures to decrease its expenses by approximately 55% to an average of USD2.7m per month, with the aim of maintaining the business as a going concern beyond the next twelve months.

The majority of this order are non-AC diesel buses.

The primary function of JBM EV Ventures Pvt Ltd is to offer electric vehicle (EV) battery services through subscription-based models, including leasing and rental options.

For Forsee Power, the partnership expands its footprint in the North American market, aligning with its strategy to invest in its North American operations in order to provide localised production for its customers.

This strategic move underscores Valeo’s commitment to supporting India’s electric mobility transition.

New automated facility will help reduce logistics costs.

This depot will feature 12 high-speed chargers, specifically designed to support 22 new electric buses operating within Exeter. Notably, the facility will also function as a Community Charging Hub, offering public access to charging points during periods when buses are not in service.

New company to help improve competitiveness of battery-powered trucks

Volvo announced the start of electric truck production at its facility in Wacol, Queensland, which coincided with a 30-unit order from logistics firm Linfox.

Its e-services portfolio includes enhanced digital fleet solutions, depot infrastructure, and turnkey electrification support services to its customers.

Our press visit to BorgWarner’s cutting-edge Gigafactory in Darmstadt, Germany revealed a company that is rapidly accelerating toward the future by betting big on electrification!

Right-hand drive models will be produced from the end of the year.