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.

GUS will fulfil demand for InoBat battery orders ahead of Inobat Auto’s own production facility in Voderady, Slovakia, becoming fully operational.

The new FEV R&D centre is located in the China-Germany Equipment Manufacturing Industrial Park, Shenyang and focuses on computer aided engineering (CAE) simulation and vehicle integration as well as battery development.

The trials follow the announcement of a new manufacturing site to be built in Pecém.

Johnson Matthey has begun refining and recycling operations at its plant in China of the platinum group metal (PGM) content from membrane electrode assemblies (MEA), a key component of automotive fuel cells.

CATL revealed its updated flagship product, the High Energy Density Battery Pack, powered by the 228Ah High Energy Density Cell and supported by CATL's cell-to-pack (CTP) technology.

The Actros and Actros C will be produced in a new 400,000 square-metre facility in Beijing.

BorgWarner looks to expand business in Asian markets with acquisition of Hubei Surpass Sun Electric