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.

The onboard engines are modified to run on LNG with Westport’s high-pressure direct injection (HPDI) system.

With the Aries II, ONE has reportedly achieved energy densities of 263 Wh/L and 162 Wh/kg, representing respective improvements of 34% and 23% over the leading LFP benchmark.

The 'Argo Series' cab was reportedly designed from the ground up, taking into account over 14 years’ worth of customer feedback.

The ‘Mullen Three’ line will be gradually ramped up to a target of 3,000 units per year, with scope to double this figure by adding a second shift as electric vehicle demand increases.

This new and expanded alliance – which builds on an agreement signed in 2021 – will extend to “renewable gasoline blends, biodiesel and renewable diesel” as well as hydrogen and renewable natural gas.

Over the course of this six-month trial, Hyzon’s FCEVs accumulated over 109,000 km (68,000 miles) and 2,900 hours of fuel cell run-time providing valuable data on fuel efficiency, vehicle durability and maintenance requirements.

At the company’s East Asia Research & Development Centre, the upcoming ‘X15H’ engine was presented alongside Meritor axles, aftertreatment systems, and ‘Endurant’ transmissions.

With deliveries set for Q4 of 2023, the lithium-ion battery pack comes in two forms, the HV-90 (35 kWh) and HV-180 (70 kWh) and will serve both 400V and 800V applications. With a 25-year projected lifetime, the company claims these are the longest-lasting high-voltage batteries available on the market today.

On 3 August, the company celebrated the opening of its 100th Fleetrite location at Kyrish Truck Center, based in Willis, Texas.