In anticipation of its listing on the Frankfurt stock exchange in December 2021, Daimler Truck AG of Stuttgart, Germany, a new company consisting of the Daimler Trucks and Daimler Buses operations at Daimler AG, has received credit ratings from S&P Global Ratings and Moody’s Investor Service.

Automotive component supplier HELLA KGaA Hueck & Co., based in Lippstadt, Germany, has announced it has doubled the production capacity of the company’s plant in Shanghai, China.

Canadian bus manufacturer Letenda Inc., based in Longueuil, Quebec, has announced that Cummins Inc. of Columbus, Indiana, will provide the electric powertrain for its new Electrip transit bus for North American markets.

Lyon-based IVECO Bus (a subsidiary of IVECO of Turin, Italy) has announced a new CNG minibus at the National Public Transport Conference in Toulouse.

Swedish component manufacturer Concentric AB, based in Linköping, has announced the acquisition of Engineered Machined Products Inc. (EMP), a producer of electric and mechanical oil and water pumps, electric fans and thermal management systems based in Syosset, New York. Concentric purchased EMP in cash for approximately USD147 million.

Build Capital Partners, based in Salt Lake City, Utah, has announced the launch of Lane VC, an independently managed venture capital firm focused on the EV market.

Refrigerated solutions firms Daikin Reefer of Osaka, Japan, and IRS International of Laverton, Australia, have announced that their European projects will operate out of one combined headquarters in Rotterdam, the Netherlands.

Stuttgart-based Daimler AG has announced a new range of Mercedes-Benz Citan small vans with a choice of diesel, petrol, or electric powertrains. The company has also announced the Citan is the last Mercedes-Benz Vans project to use a combustion engine.

Indianapolis-based propulsions specialist Allison Transmission Inc. has announced its participation in the initial public offering (IPO) of electric motor and drive component manufacturer Jing-Jin Electric Technologies Co Ltd, based in Beijing, China.

Special vehicle body builder Demers Ambulances, based in Beloeil, Quebec, and The Lion Electric Co. of Saint-Jérôme, Quebec, have unveiled the Demers eFX Ambulance, which they claim is the first all-electric purpose-built ambulance.

EV builder The Lion Electric Co. of Saint-Jérôme, Quebec, has announced it has received a conditional purchase order of 1,000 electric LionC school buses from Student Transportation of Canada (STC), a subsidiary of Student Transportation of America.

Cummins Inc., based in Columbus, Indiana, has announced it will locate its New Power China headquarters in Shanghai, within the Lingang New Area, a free trade pilot zone.