The two companies plan to sell around 5,000 retrofitted trucks and buses in France by 2030, supported by over EUR1.5m raised earlier in the year by REV Mobilities.

Group spending in research and development into electric vehicles will increase to EUR2.6bn between now and 2026, adjusting its original budget of EUR1.6bn to 2025.

Sales revenues grew to EUR30.6bn, while the group's adjusted operating income was EUR1.6bn, a 5.2% return on sales.

Quantron's revenues increased by 500% over the year before to EUR10m.

Van Hool, Kiepe Electric, and Alstom will be collaborating on a vehicle based on the Exqui.City line of buses for BRT lines.

Daimler Truck AG, based in Stuttgart, Germany, has announced the delivery of its very first series production eActros to operator DB Schenker. The eActros 300, produced at the Daimler plant in Wörth am Rhein, will be used for heavy-duty distribution.

Seat and interior parts manufacturer Grammer AG, based in Ursensollen, Germany, has announced it has signed an agreement with Fricke Group as a sales partner for the European market. The Fricke Group operates extensive spare parts warehouses in 66 locations across 25 European countries.

Compressor specialist Bock Gmbh, based in Frickenhausen, Germany, has announced a dual leadership between existing CEO Marcus Albrecht and Stephan Schumann, who will serve as Managing Director Sales and Marketing.

The axle and brake manufacturer achieved sales of EUR1.247bn in 2021, with improved performance across the globe.

Nikola reported net losses of USD159m in Q4 2021 and USD690m for FY 2021.

BorgWarner Inc, based in Auburn Hills, Michigan, USA, has announced the completion of its previously announced takeover of German battery manufacturer AKASOL AG, headquartered in Darmstadt.

The German manufacturer will employ Siemens' Simcenter STAR-CCM+ to accurately model air flow around a vehicle concept in order to improve aerodynamics and thermal management.