While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

The JV OEM is focused on developing advanced NECV technologies.

Erik Johnson will replace Montero in the role of assistant general manager of sales and marketing.

The light and medium truck segment, up to 10.5 tons gvw bucked the trend by increasing 6.2%.

The Yutong T75e will come with an energy capacity of either 100 or 132 kilowatt hours, with the latter option providing a range of over 180 miles.

Trucks sales in 2024 fell by 3.5%, whereas bus and coach sales declined steeply by 32.8%.

Daimler plans on delivering another 50 of these e-trucks before the end of the year, with the majority heading to European dealerships as demonstrator models.

Truck sales at 15,308 units in 2024 was the second highest in the ten last years.

The brand, called ‘Rightech’, has a strategic framework agreement with two Chinese manufacturers to distribute and service four vehicle models, two of which are trucks.

FAW Jiefang steps up development of New Energy Commercial Vehicles (NECVs).

Truck market down by 2.5%, while van, bus and coach sales slip 9.3%.

These 85 low- and zero-emission trucks make up almost 10% of the retailer’s total fleet.