The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

New energy commercial vehicles (NECVs), comprising mainly hydrogen, electric and plug-in hybrid vehicles, increased by 32% to 447,000 units.

The two engineering teams have already started working together on ChargePoint’s new generation EV chargers, building on a previous manufacturing agreement. ChargePoint wants to capitalise on AcBel’s 40 years of R&D experience, bringing more efficient EV chargers to market, faster and at a lower cost.

Hino's shareholding is to be cut from 50% to 4.83% in GAC Hino Motors Company Ltd, with a 39.72% stake being transferred to Guangzhou Automobile Group.

With almost CNY1bn (USD138m) invested in the new “Super Plant”, which occupies an area of 72,000 sq m, it can assemble and paint up to 320,000 sets of drive axles per year.

The 28,000-square-metre plant is being built in the Jiading Hydrogen Park, within the municipality of Shanghai.

Jakarta-headquartered Nusatama makes special-purpose vehicles for the oil, gas, mining and forestry sectors.

Assembly is taking place in partnership with local company, Groupe Premium in Casablanca.

President Transnet Corporation, a leading Taiwanese logistics company, is the first company in the country to commit to the eCanter in advance of its official launch in the country early next year. The company operates one of the largest truck fleets in the country which includes close to 1,700 Fuso units.

The two companies have signed a memorandum of understanding (MoU) to make available locally-produced electric trucks in the Indonesian market under the NTBK brand.

The CV market’s recovery picked up momentum in August, as the economy continued its recovery following last year’s Covid lockdowns.