The Israeli company successfully raised USD36.4m from offering its shares to a group of strategic investors, which “strengthens [the company’s] cash position ahead of planned vehicle deliveries”.

Truck-maker highlights emissions and efficiency benefits.

Through this collaboration both companies aim to address the infrastructure and vehicle availability challenges in hydrogen mobility, supporting the transition to cleaner transportation solutions.

Heavy-duty trucks to be deployed at Tianjin, Huanghua ports.

At the end of January, the European Commission kicked off a series of strategic dialogues with business leaders from the automotive industry to review regulations which set mandatory CO2 emission targets for newly-registered vehicles. In a press release, the ACEA alleged that car and van manufacturers could face fines of up to EUR16bn this year for failing to comply with the regulation. Cummins expects that a similar target for CVs – a 43% reduction starting in 2030 – will not be achieved without a drastic transformation of the market. Echoing the opinion of the ACEA, Lamb told Truck & Bus Builder that “the rollout of infrastructure for both electric and hydrogen vehicles is slower than will be needed to meet the 2030 target”.