While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

The JV OEM is focused on developing advanced NECV technologies.

New model may replace Nissan Navara.

This increases Daimler’s European aftermarket network leading to greater vehicle uptime and therefore profitability for operators.

The Yutong T75e will come with an energy capacity of either 100 or 132 kilowatt hours, with the latter option providing a range of over 180 miles.

Daimler plans on delivering another 50 of these e-trucks before the end of the year, with the majority heading to European dealerships as demonstrator models.

The brand, called ‘Rightech’, has a strategic framework agreement with two Chinese manufacturers to distribute and service four vehicle models, two of which are trucks.

FAW Jiefang steps up development of New Energy Commercial Vehicles (NECVs).

These 85 low- and zero-emission trucks make up almost 10% of the retailer’s total fleet.

The remaining vans are pending delivery due to production delays at General Motors' CAMI Assembly Plant in Ontario, Canada. According to GM, production was halted from October 2023 until spring 2024 because of battery module supply issues. Operations then resumed in April 2024, with the plant working to fulfil a backlog of orders.

The Duvenbeck Group has ordered 50 units of Farizon’s heavy-duty battery electric Homtruck, with the potential of larger orders in the future. This marks Farizon’s entry into Europe, as it plans to bring its SV Electric van to the UK and Europe later this year.

The contract stipulates a firm order for eighty 45-foot ‘D45 CRT’ commuter coaches, with additional unspecified options.