The bearing and seal manufacturer is investing the money in its factory in Dalian, China and in local manufacturing in India and Southeast Asia.

Harris Maxus has moved from its old site in Warrington to the Gillmoss Industrial Estate in Liverpool: to a 52,000-square-foot premises which now houses 30 employees, including technical, distribution and sales staff, and a parts depot and warehouse.

These appointments come after former CEO, Xiaodi Hou, was fired for allegedly engaging in illicit technology transfers with Chinese-backed start-up Hydron Inc.

The company launched the Dongfeng KL and Dongfeng KR, in Vietnam.

The facility has a capacity of 8 GWh per year and is expected to reach 14 GWh by 2024. Whilst details are sparse, the company has announced plans to build another European factory, this time in Hungary.

Ballard is to build a membrane electrode assembly plant to boost global fuel cell engine capacity.

e-tractors with swappable battery packs could be the answer for China's regional and long haul trucking operations.

Confidential information is alleged to have been shared prior to signing a confidential disclosure agreement.

Farizon Auto, the new energy commercial vehicle brand name of Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Zhejiang Geely Holding Group of Hangzhou), has raised USD300m in a pre-A round of fundraising, which it said will be used to strengthen its range of low- and zero-emission vehicles.

The country’s commercial vehicle market has declined sharply over the last two years, as economic growth continues to weaken due mainly to the global Covid pandemic. Last month’s decline was at a much slower rate than in over the last year, due mainly to the low base effect.

The partnership with Bobang will strengthen Knorr-Bremse’s e-motor capabilities and develop further competencies in automated driving and electrification whilst Bobang plan on expanding its commercial vehicle product portfolio.

Covering an area of over 400,000 square metres, the depot – which will be managed by Yutong – is composed of 24 structures with parking bays for 478 buses to dock and recharge simultaneously.