The Thai market for commercial vehicles over 2 tons gvw fell by 22% to 82,386 units in the third quarter of 2023.

The market for commercial vehicles over 2 tons gvw in South Korea declined sharply in the third quarter of 2023, by almost 16% to 53,168.

According to the Department for Transport, all new sales of cars and vans powered solely by an internal combustion engine (ICE) will be banned by 2035, with heavy-goods vehicles following suit in 2040. This has now become law in the UK, as part of the country's Net Zero Strategy.

The market for commercial vehicles over 2 tons gvw continued to grow strongly in the third quarter of 2023, by 18% year-on-year to 32,128.

Isuzu has announced plans to build an electric vehicle development and testing facility within its Fujisawa plant, to help it achieve its target of having a full range of carbon-neutral vehicles by 2030.

The Malaysian commercial vehicle market over 2 tons gvw continued to grow in the third quarter of 2023, albeit just slightly to 19,900 units after an 85% rebound to 19,329 units in the same period of last year.

For the very first time, Iveco is renewing its entire truck product line next year. Capital spending on R&D will be ploughed into reducing CO2 emissions, developing fuel efficiency (for ICE vehicles) technology and a new zero-emissions product range.

The Indonesian market for commercial vehicles over 2 tons gvw reversed sharply in the third quarter of 2023 after two years of strong growth.

Solutrans 2023 was held between 21-25 November at Eurexpo in Lyon, France. Over 1,000 exhibitors and 50,000 guests gathered for the 17th edition of this historic show, centred around the European heavy and light commercial vehicle industry.

Japan’s market for commercial vehicles over 2 tons gvw continued to recover in the third quarter of 2023, by 15% to 95,079 units.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by over 8% to 326,720 units in the third quarter of 2023.

The battery cells are to be sourced from LG Energy Solution to make battery modules and packs for TDCV starting in the first half of 2025.