The funds raised are intended to support the company’s research and development into e-mobility, autonomous vehicles and advanced safety systems.

By 2030, PowerCo hopes to receive up to 40-GWh worth of critical battery materials from Umicore – enough to make batteries to supply 550,000 EVs annually. 

The acquisition, first proposed earlier this year by Meritor, was completed for a sum of approximately EUR 190m.

Sono Motors has agreed to supply a customised version of the ‘Solar Bus Kit’ to pepper motion, who will integrate it with a Mercedes Citaro C1 bus which has been retrofitted with pepper motion’s e-powertrain.

The company has agreed to supply cement transporter, Transportes Morvedre Transmorvedre of Valencia, with non-tipping K.SSL 35 silos with a tare weight of just 4,515kg.

Maxion Wheels will continue supplying lightweight steel truck wheels to the American semi-trailer manufacturer and truck bodybuilder.

The facility has a capacity of 8 GWh per year and is expected to reach 14 GWh by 2024. Whilst details are sparse, the company has announced plans to build another European factory, this time in Hungary.

Her responsibilities will include being in charge of the production, sales and further development of the Unimog, Econic and Zetros models as well as their production plants in Wörth, Germany and Molsheim, France.

Lorenz-Dietz will take over as Chief Financial Officer from Wilfried Trepels from 1 January 2023.

Costing EUR40m, the production area has grown from 7,000 to 18,000 square metres to fulfil EUR2 billion worth of new contracts from vehicle manufacturers.

In this exclusive feature with T&BB, Dr Marc Osswald from the Voith Group explains the changes made to the company’s DIWA automatic transmission, and states why he believes the DIWA NXT is the ideal bridging technology between diesel and electric.

BMZ has acquired a controlling shareholding in its battery cell holder supplier, Schutz Kunststofftechnik, essentially protecting its current supply chain.