The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.

Phillips says the restructure will encourage greater collaboration and cohesiveness across the company.

The company has broken ground on a new (EUR 85 million) 240,000 square foot (22,000 square meters) distribution centre in the city of Massbach, Bayern, Germany to support parts supply to DAF customers in Germany, Switzerland and France.

The test track now comprises a three-mile course, with new road and terrain features to test out the dynamic steering system in Volvo trucks.

Following its partnership agreement with REE, Knapheide will now be upfitting ‘P7-C’ cab chassis with bodies on a made-to-order basis.

The company has appointed Erik Anderson as the new Chairman of the Board of Directors, taking over from George Gu who will step down on August 24, 2023. Additionally, the Board has elected Andrea Farace to serve as Vice Chairman of Hyzon’s Board.

Mullen is suing brokers such as the Charles Schwab Corporation and its subsidiary TD Ameritrade, National Financial Services, and others whom it alleges conspired to manipulate the share price of Mullen on the NASDAQ.

Representing an investment of approximately USD170m, the 200,000-square-foot plant will produce up to 100,000 high-pressure hydrogen vessels annually when it is completed.

The new 17.1-kW 600VDC to 24VDC liquid-cooled converter boasts a much greater electrical efficiency at 96-98%, thanks to its silicon carbide semiconductors.

Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

The two companies are working together to launch trials of Plus’s Level 4 autonomous Iveco trucks, together with “smart road infrastructure”, in the Australian state of Victoria. 

Called ‘Turnkey Solutions’, the new service pairs signed-up customers with their local Volvo Trucks dealer, who will help them to set up their own charging infrastructure.