By restructuring the business, Northvolt hopes to raise a total of USD245m in new financing, including USD145m in cash collateral and USD100m of debtor-in-possession finance from an existing customer.

The ten ‘Endurance’ TRUs were the first to be produced at the company’s new headquarters and production facility in Leatherhead.

Hulsteins to merge its Ecogen2* clip-on hydraulic generator with Addvolt’s powerpacks*, an energy system that enables the electrification of refrigerated transport vehicles. This will enable  100% electrically-powered refrigeration trucking solutions for operators in the UK and Ireland.

This factory represents a major investment and will focus on producing lithium-ion batteries for electric vehicles, including buses, trucks, and other commercial vehicles.

At IAA Transportation 2024, held between 17-22 September in Hanover, Germany, Brazilian trailer and components firm Randoncorp presented products from its auto parts brands, including wheel-end components from Castertech, brake systems from Master Freios (a joint venture with Cummins), and axles, suspensions, and e-mobility products from Suspensys. However, the group’s most interesting showcase was invisible to the naked eye. In its axle products lay hidden a secret ingredient measurable only on the nanoscale: a niobium compound, which has the power to augment the mechanical properties of steel while considerably reducing its weight. It also improves the performance of other materials, enabling them to achieve their full potential.

The company highlighted the AddVolt Powerpack, an energy system that enables the electrification of refrigerated transport vehicles which can eliminate diesel use and reducing noise, making it ideal for operating in low-emission zones.

Together with the Center for Composite Materials at the University of Delaware, Wabash will develop a refrigerated truck body/trailer solution made with composite materials and installed with lightweight solar panels.

Prior to his appointment, Bryant was CEO and Head of Manufacturing for venture capital firm BGF Investment Management Ltd, or the “Business Growth Fund”, established in 2011 by major British banks.

While the vehicle is stationary – for example, when loading or unloading cargo – the power bank recharges the traction battery, effectively acting as a range extender.

The facility is to be built next to the company’s main truck manufacturing plant in Kawasaki in partnership with Singapore-based True 2 Materials Pte Ltd (T2M).

Electra Battery Materials will use the funds to build its cobalt sufate refinery in Temiskaming Shores, Ontario, which will be the first of its kind in North America. The funds are part of a broader effort to strengthen North America's critical mineral supply chain, specifically focusing on cobalt sulfate production.

During its press conference at the show, Microvast announced that its planned battery cell and pack manufacturing plant in Clarksville, Tennessee will open between 2026 and 2027, more than three years later than originally planned.