EC trading tariff exemptions, which were agreed upon as part of the Brexit deal, were due to end on January 1, 2024, resulting in a 10% tariff on the export of European-built battery electric vehicles to the UK and vice-versa.

The capital is to be invested in its factory in the North East of the UK, creating 40 new jobs over the next two years. According to AEM, the capital will enable the company to start producing copper-free EV motors for both passenger and commercial vehicles. 

On the stand BAE Systems displayed its current family of motors and inverters; these included the GPM-10 and GPM-12 direct drive motors alongside a GPM-5 motor with an Eaton MD4 (Medium-Duty 4-speed) gearbox, as well as the MAPS*, MPCS**, and GPI-10 inverters.

The companies have formed a joint venture (NextGen AssetCo) for leasing up to 1,000 electric bus batteries for GBP 100 million as part of FirstGroup’s plan to electrify its electric bus fleet in the UK. This new company will purchase the batteries, which will then be leased to First Bus over an eight-year period.

This vehicle has been designed and engineered in-house and with series production already started in Lambert, Scotland, the first deliveries are set for Q1 2024.

The market grew by a whopping 130.6% compared to the same period of the year prior, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

11,531 HGVs were registered between July and September, representing a 14.9% improvement compared to the same period of the year prior, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

The new facility, spanning 1,300 square metres, can accommodate every stage of battery development between prototyping and small-scale production, according to Mahle Powertrain.

According to a report from The Bolton News, WN VTech called in administrators due to supply chain “challenges” - it has since been confirmed that Mellor, along with Treka, VCS, Promech Technologies, Coleman Milne and JM Engineering, will be rescued following the Dumarey acquisition, allaying fears of significant job losses.

Accountancy firm Price Bailey reported on 1 December that, between 30 September 2022 & 2023, a record number of British haulage businesses went bust, more than double the amount from two years ago.

Administrators from professional services firm Alvarez & Marsal sold the UK business and assets to a new entity, ‘Volta Commercial Vehicles Ltd’, supported by a hedge fund of Luxor Capital Group.

Patrick Farbrace will succeed Gareth Lumsdaine as the new Truck Business Line Director of Iveco UK, effective immediately.