The German component and mobility systems manufacturer published its annual report for 2022, showing a 14% increase on its total sales for 2021, which were EUR38bn.

The company produced 381 units in 2022, up from 156 units in 2021 and generated USD 24.4 million in 2022, up 16% from USD 21 million in 2021.

Paccar announced earlier this year that Kenworth and Peterbilt trucks built from 2024 onwards will be installed with Platform Science's 'Virtual Vehicle' edge computing hardware.

In 2022, the Canadian manufacturer of gas engines made USD305.7m, a 2% fall compared to revenues (USD312.4m) reported in 2021.

Nikola has agreed to purchase an unspecified number of liquid hydrogen storage tanks, transport trailers, and mobile and modular refuelling stations from Chart, and agreed with Klean to work together in producing hydrogen using energy from recycled waste feedstocks.

Its subsidiary, PowerCo, will build gigafactories for EV battery cells in Sagunto, near Valencia, Spain, and in St Thomas, Ontario, Canada, to open in 2026 and 2027 respectively.

DAF Trucks Ltd has entered the UK’s Capital Cities Challenge EV Rally, showcasing its 19-tonne LF Electric truck across a five-day 1000-mile driving event, designed to test both the vehicle as well as the necessary charging infrastructure that will be utilised.

The powertrain manufacturer is investing in its Power Generation facility in Minnesota and its Jamestown Engine Plant in the state of New York.

The organisation has made three recommendations to ensure the successful implementation of hydrogen into the UK transport sector, with the first being, a minimum network of 200 hydrogen refuelling stations by 2030.

Borgwarner stated that the acquisition is an important move for the company’s electrification business in Asia.

Indonesia is the world’s largest producer of palm oil and the government is keen to promote bio-diesel with 35% vegetable oil as a mainstream fuel in the country.

Beijing has a joint sales company in Thailand with which it plans to develop the assembly plant.