The U.S. Department of Energy took the decision to cancel the deal with Microvast in late May without offering any specific reason - though the company has been the subject of allegations linking it to the Chinese government.

The company said trucks built on these two platforms will give it a presence in around 80% of the country’s heavy-duty truck sub-segments.

Commercial vehicle sales in the first four months of 2023 were up by almost 9% after declining by 40% in the same period of last year.

The company is set to supply its HVH emotors to a major Chinese OEM, with mass production of the automaker’s DHT and REEV vehicles scheduled to start in August 2023 in Tianjin.

These buses are equipped with an Allison Torqmatic fully automatic transmission and a Cummins engine aimed at improving fuel efficiency, reducing emissions and lowering engine noise levels. This contributes to the significant growth in Allison’s export bus sales from China.

The company is set to supply its high-voltage eFan system to a global commercial vehicle OEM for use in both the European and North American markets, which marks the first eFan system business in North America for BorgWarner.

The first truck to be assembled is a Dayun Dragon E5 3-ton payload truck.

ADL delivered its first batch of next-generation Enviro500EV electric double-deck buses to Hong Kong transport operator, Kowloon Motor Bus Company (KMB). This marks ADL’s first Enviro500EV double-deck buses in the Asia-Pacific region.

Berjaya China Motor Sdn Bhd, the exclusive distributor in Malaysia of light vans and minibuses for China’s Beiqi Foton Motor Company.

Volvo Trucks announced back in late 2021 that it would acquire JMC Heavy Duty Vehicle Co Ltd and its manufacturing facility in Taiyuan, Shanxi from Jiangling Motors Corporation.

Overall, in the first quarter 2023, the CV market in China fell by 3%.

Sales of new commercial vehicle in China rebounded by over 29% to 324,000 units in February 2023 from 250,000 units in the same month of last year, reports CAAM.