The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

Representing an investment of approximately USD170m, the 200,000-square-foot plant will produce up to 100,000 high-pressure hydrogen vessels annually when it is completed.

The new 17.1-kW 600VDC to 24VDC liquid-cooled converter boasts a much greater electrical efficiency at 96-98%, thanks to its silicon carbide semiconductors.

Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

The company posted revenues of EUR 41.7 million in H1 2023. Ebusco’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) was EUR - 43.5 million leading to an overall loss of EUR - 35.8 million.

The new inverter is an overhaul of the old design, making it better suited to commercial vehicle uses and more compliant with the latest cybersecurity requirements; that is according to Manuel Calero, Voith’s new vice president for E-Mobility who came into his role in February 2023.

Ebusco announced it has signed a framework agreement with Frankfurt Airport operator Fraport to deliver four twelve-metre-long Ebusco 3.0 buses, marking the first time an Ebusco vehicle will be used at an airport.

Schaeffler’s specially designed bipolar plates provide a power density of 4.6 kW per litre of fuel cell volume, 20% greater than the company’s previous generation of plates.

The company has unveiled its new hinged high-voltage connectors for heavy-duty electric vehicle charging, which increase cable-to-connector stability in high-voltage applications, thereby increasing performance, reliability and safety for users and operators.

Eicher and Valvoline have been associated since 2019 for the supply of Eicher Genuine Lubricants.

The market saw total growth of 5.9%, according to second quarter 2023 results published by the Society of Motor Manufacturers and Traders (SMMT).

The company announced its South Korean distributor, NGVI, has secured a supply contract for a hydrogen electric bus project with a second municipality in the country, this time with the county of Ulju. Loop will supply its trademarked hydrogen fuel cell system (eFlow).