The company says this move to unlock value from non-core assets is consistent with Rane Holding Ltd’s strategic objective of streamlining operations and strengthening financial performance.

On a mixed production line, MAN can produce approximately one hundred trucks per day with diesel and battery electric drivelines, taking around eight hours to build a truck from start to finish.

The joint venture’s primary objective will be to build the “non-differentiating core” of the software-defined truck: a standardised digital platform and dedicated commercial vehicle operating system which will be open to Daimler and Volvo’s competitors.

The company says it has initiated cost cutting measures to decrease its expenses by approximately 55% to an average of USD2.7m per month, with the aim of maintaining the business as a going concern beyond the next twelve months.

The majority of this order are non-AC diesel buses.

When charging points are connected to the system, energy is distributed in a way that “ensures the constant availability of power” to each vehicle, according to Swarco brand Evolt Charging.

New automated facility will help reduce logistics costs.

Volvo announced the start of electric truck production at its facility in Wacol, Queensland, which coincided with a 30-unit order from logistics firm Linfox.

Our press visit to BorgWarner’s cutting-edge Gigafactory in Darmstadt, Germany revealed a company that is rapidly accelerating toward the future by betting big on electrification!

Right-hand drive models will be produced from the end of the year.

Kontrolmatik has agreed to deliver 2 GWh of cells in 2026 and 5 GWh in 2027 to ONE, which will assemble them in battery modules and packs in Michigan.

Following shareholder approval, Plus will enter into a business combination that will generate up to USD300m in gross proceeds while also giving it access to the public financial market.