In the heavy vehicle segment, the company sold 145,506 battery units in 2023 compared with 87,844 the previous year, a change of +65.6%. Conversely, in the light vehicle segment, 2023 sales rose to 25,831, a +11.5% increase from 2022 figures (23,175). Analysing total sales, 2023 saw a 54.3% growth, to 171,338, from 2022 sales figures of 111,019.

Allison Ventures is tasked with investing in and partnering with early stage growth companies that drive technology advancement across the CV mobility industry. The company has said that it will specifically focus on technologies relating to connectivity, digitalisation, sustainability, automation and electrification.

The company is set to supply BAE Systems with its Forsee Zen Plus battery system to equip BAE’s Gen3 powertrain on a class 7 demonstration truck. The batteries will be produced at Forsee’s new manufacturing facility in Columbus, Ohio, beginning in Q1 2024.

Pinnacle Mobility, which sells vehicles under the brand name, EKA Mobility, is an electric bus as wekk as a light and medium-duty electric truck builder.

For the first time, the legislation covers cars, vans, and heavy-duty vehicles in one single piece of legislation. The above-mentioned agreement retains the Euro 6 emissions limits for cars and vans but adds stricter limits for buses and trucks, whilst introducing new limits for particles emitted from the exhaust, tyres and brakes.

The company’s three other Re.Wi.Re registered vehicle scrapping facilities are in Jaipur, Bhubaneshwar and Surat.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Isuzu to source batteries for its electric trucks from LGES.

Tully is Co-Founder and Vice Chair of Earthrise Energy, an energy company based in the USA.

MFTBC said the partnership is part of its “Fuso eMobility Solutions” programme which supports customers’ shift to battery-powered trucks such as the eCanter light-duty truck.

The new Xcient has top of the range Isringhausen seats and front-axle air suspension.

Hino's shareholding is to be cut from 50% to 4.83% in GAC Hino Motors Company Ltd, with a 39.72% stake being transferred to Guangzhou Automobile Group.