According to Ricardo, it has produced a prototype internal combustion engine and sent it off to Cummins and BorgWarner, who are partners in the Avanced Propulsion Centre project.

Mafi & Trepel have selected the American company’s latest ‘MV-C Gen 4’ battery systems for commercial vehicles to power their electric product ranges.

LGES is one of the leading global battery cell suppliers.

The Global Product Management position is a new role, created in order to foster strategic and operational cohesion between the group’s four subsidiaries, while the role of Finance and Human Resources combines two board positions which were previously separate.

Great Dane debuted the FleetPulse smart trailer system, which has built-in sensors that collect and transmit data via the FleetPulse platform helping operators to maximise trailer productivity.

The company said it ended the year with liquidity of USD154m, which it believes will be enough to kickstart production of its ‘P7’ modular electric vehicle platform later this year.

Vietnam's CV market dips but relatively stable.

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.