The company announced that series production is set to begin in the second quarter of this year at the contract manufacturing facility in Steyr, Upper Austria.

Under the Inflation Reduction Act, vehicles with a gross weight exceeding 14,000 pounds (6350 kg) can now qualify for commercial clean vehicle tax credits of up to USD40,000.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India increased by 46.3% in the period for April to December of 2022-23 to 181,934 units from 124,367 units in same period of the year 2021-22.

The facility includes a 15,000-square-foot workshop with all the necessary infrastructure to service traditional internal combustion engine-powered trucks as well as electric and hydrogen-powered vehicles.

The company announced an emissions testing milestone for its Vehicle Group's cylinder deactivation (CDA) and late intake valve closing (LIVC) technologies. Both are proven to systematically reduce carbon dioxide (CO2) and nitrogen oxides (NOx), and both are designed for diesel-engine-powered commercial vehicles to achieve compliance with new EU Euro VII emissions legislation.

The company has started pre-series production of its new all-electric Syberia eCool temperature-controlled unit, designed to be used with urban delivery electric trucks.

The heavy haulage tractor sector saw sales more than double during April to December of 2022-23 to register 35,334 units compared with 15,794 units in the same period of the previous year (2021-22).

Tractor production increased by 101.1% overall from 6,822 units to 13,717 units, but export sales declined by 50%.

Iveco has offered several iterations of the eDaily over the past decade.

Giti – a strong brand name in the Far East - is gaining ground in Europe and is ready with tested proven tyres for the fast expanding electric CV market.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) increased by 34.1% to 412,019 units in the first three quarters (April-December) of 2022-23 from 307,142 units in same period of 2021-22.

BAE System's Power & Propulsion Solutions Division has supplied almost 16,000 electric drive systems to manufacturers in different countries, mainly in North America and Europe. In New York City's urban transport fleet alone, 1,700 buses are equipped with BAE Systems' hybrid powertrain.