The focus of the two companies is to focus initially in the smaller buses, i.e. 28 to 30 foot transit bus segment.

Borgwarner names senior executives, Brady Ericson and Chris Gropp to lead new entity.

The export agreement is said to be worth KRW1trn (USD758m) to supply charging systems for the US market over a period of three years.

Challenges cited by the company included parts shortages, inflation, and other costs associated with starting up production at the new battery plant in South Carolina.

South Korean CV market remains dominated by small trucks 5 tons and below.

On 9 March 2023, the Westminster Energy, Environment & Transport Forum hosted a conference, bringing together policymakers and private stakeholders, as well as representatives from local government, to discuss the UK’s progress towards the 2030 ban of petrol and diesel cars and vans. In this T&BB report, Bradley Osborne presents the salient points which arose from the discussion.

“Overall, Hyliion remains on schedule to start Hypertruck ERX system production in late 2023,” was one of the main statements in the executive summary for the financial year ending December 2022 at alternative drivetrain supplier startup, Hyliion Holdings Corp of Cedar Park Texas.

The development of the Grand Executive and the Grand Shuttle represents a joint effort by Marcopolo’s engineering teams in Brazil and Mexico.

However, the last quarter of 2022 finally saw the beginning of production and deliveries of Nikola’s Class 8 electric trucks - 133 ‘Tre’ BEVs rolled off the production line, of which 20 were delivered to Nikola’s dealers.

Malaysian market for CVs (up 40%) heavily dependent on strong pickup sales (up 42%).

Volvo Buses plans to wrap up its operations in Wrocław by the end of the first quarter of 2024, affecting 1,600 jobs.

UD Trucks working with autonomous driving system software and hardware provider and integrator, Finland’s Sensible 4 Oy.