Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

REE claims that the integration of its cloud platform with Geotab’s data analysis will provide “real-time actionable insights” which will help operators to improve overall fleet performance and therefore reduce their costs.

The new VNR will be installed with the ‘D13’ variable geometry turbo engine as standard.

The order represents .4 megawatts (MW) of total rated power and comes at a welcome time as the company has delayed hydrogen infrastructure development due to the slower-than-expected adoption of fuel cell technology.

This new test track is for testing vehicle braking and is specifically for testing Electronic Stability Control (ESC) systems.

Specifically, this partnership focuses on the development and production of catalyst-coated membranes (CCMs) for fuel cell stacks. JM's high-performance CCMs will be integrated into Bosch's fuel cell power modules, designed for commercial vehicles.

The B7.2 will enter series production in 2027 at the Rocky Mount Engine Plant in North Carolina.

The partnership is to focus on creating traction motors, controllers, vehicle control units, and battery management systems.

The company announced its 2024 financial report, with record full-year sales of USD 3.2 billion (2023: USD 3 billion), which increased the Earnings Per Share (EPS) to a record USD 8.31, up 12 percent from 2023. 2024 net income was USD 731 million, compared with 2023 figures of USD 673 million.

Latest system is more durable and fuel-efficient, and cheaper

The bus is equipped with the Allison T280 transmission from Allisons' Torqmatic Series* of transmissions.

This builds on the success of its ‘Black Mass’ facility, also in Sikandrabad, Uttar Pradesh, launched in 2022.