Representing an approximate investment of USD600m, the new facility will be developed along “vertical production” principles a la Tesla, meaning that battery and vehicle assembly will take place at the same location.

YA II PN Ltd, a hedge fund managed by Yorkville Advisors, has agreed to invest an undisclosed sum in Sono Motors in order to keep it solvent until at least the end of 2024.

The market for electric vehicles in North America is currently a very crowded one. In the wake of two crucial U.S. government bills – the Infrastructure Investment and Jobs Act (2021) and the Inflation Reduction Act (2022) – established OEMs and startups are enjoying a boost in interest as grants and tax incentives support the expansion of EV manufacturing, sales, and charging/fuelling infrastructure.

This will help Daimer Truck further assess the vehicle's capabilities as well as evaluate the viability of the charging infrastructure around the Wörth area.

Knödler has been with the company for seven years and was in charge of the finance department before being appointed as Co-CEO in July 2022.

The expansion project for hydrogen fuel storage tanks is set to take place in three phases. The first phase, which is scheduled for completion by the end of the year, will see a new 5,000 m2 production hall, bringing the overall production area to 16,000 m2.

The new MAN VOK-08-F bus front axle will go into production in mid-2024 for installation in New Flyer of America’s range of Xcelsior transit bus models.

A new cover for bus air-conditioning (A/C) systems made using natural fibre composite technology was unveiled at Busworld last month: the ampliTex technical fabric was supplied by Swiss company, Bcomp.

At the show, Schunk demonstrated its latest products from the SLS range of pantographs and presented a new ‘Underbody Charger System’.

Whilst still in the early stages of development, the JV called WarmeWerk Wörth GmbH, aims to be the first to establish the geographical possibility and suitability of geothermal energy extraction in the area surrounding the town of Wörth.

Users of Thermo King's 'TracKing' will be able to access electronic braking system, odometer, axle-load, and tyre pressure data alongside information pulled from the transport refrigeration unit.

According to the terms of the non-binding agreement, Ford Otosan will support Quantron in fitting F-Max trucks with a fuel cell electric powertrain, comprising e-axle, high-power battery, fuel cells, and hydrogen storage tanks.