The project will focus on the development and manufacturing of high-voltage EV components, including combined charging units, e-axles, inverters, and electric motors.

“Sany Hydrogen”, a hydrogen energy equipment manufacturer based in China, will partner with Putzmeister to construct “green” production plants for European and African customers.

New EUR 2 billion facility to drive Asia growth, improve tech access

New company to help improve competitiveness of battery-powered trucks

They are made with a polymer liner and fully wrapped in carbon fibre composite. They are lightweight and have high capacity, making them ideal for fuel cell electric vehicles (FCEVs), including buses, trucks, and other heavy-duty commercial vehicles.

The increased stake was achieved through the issuance of around 4.9 million new shares at EUR 0.8209 per share, the same price as Ebusco's November 2024 rights issue. The proceeds from this share issuance were used to settle outstanding accounts payable that Ebusco owed to Gotion.

Wanrun’s bid was selected because it proposed to maintain all of Safra’s current business activities and to keep 120 out of 169 jobs going through a “clear investment plan”.

Programme aims to accelerate adoption of battery-powered CVs.

The Farizon SV is priced from GBP 45,000 plus VAT, with order books now open and first deliveries expected later this year.

New pickup truck to go on sale in China in late 2025.

Made for incorporation in an air conditioning system in a passenger car or commercial vehicle, the radial fan is 15% more efficient and 60% quieter than a conventional design, according to Mahle.

Deal focused on market development and aftersales support in South Korea.