The market for commercial vehicles over 2 tons gvw in South Korea plunged by almost 27% year-on-year to 47,993 units in the first quarter of 2024 compared with strong year-earlier volumes.

Hyundai has announced it is expanding its hydrogen truck business in the US through a partnership with California-based non-profit organisation Centre for Transportation and the Environment (CTE).

The market for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the first quarter of 2024 - with sales falling sharply by more than 28% year-on-year to 268,053 units.

The ST1 (Service Type 1) battery-powered LCV platform is the name of a new, purpose-designed platform of battery-powered light commercial vehicles from Hyundai for the local delivery market segment.

Tata Daewoo has resumed exports to Algeria under the Daewoo brand after the country’s Ministry of Trade began easing restrictions on vehicle imports last year.

Andersson as its new president (managing director), replacing Thomas Hemmerich, who had been in the job since 2021.

Kia said the new “Tasman” will be a multi-purpose model aimed at the “working” and “life-style” sub-segments of the global pickup truck market.

According to the latest agreement, the companies plan to co-develop electric heavy-duty trucks (both battery-electric and fuel-cell electric) for the European market.

Although a specific volume has not been agreed, L&F could produce enough to meet ONE’s needs at its gigafactory in Van Buren Township, where cell output could reach up to 20 GWh in 2027.

The South Korean market for commercial vehicles over 2 tons gvw declined by more than 5% to 59,190 units in the fourth quarter of 2023 from 62,497 units a year earlier.

HL Mando Corporation is a South Korean manufacturer of automotive chassis systems based in Seoul, while Tianrun is a leading Chinese manufacturer of internal combustion engine parts, mainly for commercial vehicles.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.