This move came as the company struggled with debts exceeding USD 35 million, prompting them to seek assistance in managing their financial challenges​. The company currently has manufacturing plants in Queensland and South Australia, producing diesel, hybrid and zero-emission buses.

In June, Phan Phạm Hà, the company’s General Director was arrested for financial management violations – causing the company’s stock price to plunge.

This move is part of the company's strategy to enhance its electrification capabilities and meet the growing demand for automotive inverters, which are essential for electrified vehicles.

Isuzu confirmed it is to use its ‘GATEX’ commercial vehicle information platform to provide uptime support of battery electric vehicles (BEVs) and charging systems by transportation companies globally.

The company said the project aims to not only automate the ordering processes but also monitor shipments and estimate, in real time, the arrival of components at assembly plants across Japan.

The Thai market for commercial vehicles over 2 tons gvw is estimated to have plunged by a further 22% year-on-year to 50,516 units in the second quarter of 2024, having fallen by close to 37% to 64,567 units in the same period of last year.

The Indonesian market for commercial vehicles over 2 tons gvw continued to weaken in the second quarter of 2024, by 13% to 31,745 units from strong year-earlier sales of 36,474 units.

Malaysia’s commercial vehicle market over 2 tons gvw declined by 14% to 16,243 units in the second quarter of 2024 from 18,788 units a year earlier.

Vietnam’s market for commercial vehicles over 2 tons gvw began to recover in the second quarter of 2024 after almost two years of sharp decline.

The plant is managed by the company’s local subsidiary, Yuchai Power System (Thailand) Company Ltd, based in Samut Prakan just outside Bangkok.

The company said the Thai plant would be used to supply markets across South-east Asia, Middle East as well as Latin America, replacing the existing C&E Series models.

South Korea’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 12% to 53,662 units from 61,318 units in the same period of last year.