Successful applicants will receive up to USD200,000 in the first phase to prove the feasibility of an idea; they may then receive up to USD1m towards further development of their idea, including prototyping, validation, and testing.

The market for commercial vehicles over 2 tons gvw declined by over 17% to 16,517 units in the third quarter of 2024 from strong year-earlier sales of 19,966 units.

The company also unveiled its new direct-injection hydrogen engine.

The new partnership aims to deliver more efficient, low and zero-emission drivetrain technologies.

The new trucks will replace the council’s current fleet vehicles, many of which are beyond their operational lifespan or are on hire.

Government aims to reduce CO2 emissions with increased use of biofuels in transportation

Commercial vehicle sales over 2 tons gvw improved by 12% to 34,394 unit in the third quarter of 2024, compared with the same quarter a year earlier when volumes plunged by 27% to 30,664 units.

Besides developing these trucks, the project includes investing in production facilities and feasibility studies into the European hydrogen value chain. The funding is to complement existing Daimler Truck projects focusing on liquefied hydrogen refuelling technology, storage and refilling logistics.

This partnership aims to enhance the fleet management capabilities and driver safety of its trucks in Australia.

The Philippine commercial vehicle market over 2 tons gvw was slightly higher year-on-year at 87,448 units in the first nine months of 2024

The two partners will focus primarily on hydrogen fuel cell research

Sales of commercial vehicles over 2 tons gvw fell by over 12% year-on-year to 255,680 units in the first nine months of 2024.