Borgwarner names senior executives, Brady Ericson and Chris Gropp to lead new entity.

The export agreement is said to be worth KRW1trn (USD758m) to supply charging systems for the US market over a period of three years.

Challenges cited by the company included parts shortages, inflation, and other costs associated with starting up production at the new battery plant in South Carolina.

The development of the Grand Executive and the Grand Shuttle represents a joint effort by Marcopolo’s engineering teams in Brazil and Mexico.

However, the last quarter of 2022 finally saw the beginning of production and deliveries of Nikola’s Class 8 electric trucks - 133 ‘Tre’ BEVs rolled off the production line, of which 20 were delivered to Nikola’s dealers.

“Overall, Hyliion remains on schedule to start Hypertruck ERX system production in late 2023,” was one of the main statements in the executive summary for the financial year ending December 2022 at alternative drivetrain supplier startup, Hyliion Holdings Corp of Cedar Park Texas.

In order to achieve this goal, renewable energy projects supplying each of its major facilities will play a key role in providing green energy helping to gradually reduce the company’s carbon footprint.

The Volvo subsidiary announced an order for five 40-foot electric buses from the Washington Metropolitan Area Transit Authority, the public transport agency which serves the District of Columbia and surrounding parts of Maryland and Virginia in the USA.

REE has also entered into an agreement with Mitsubishi HC Capital America, which has committed to provide financing to its North American dealers and to help REE expand its distribution network further.

After Motiv Power Systems retrofitted five vans with an electric driveline in 2021, Purolator has ordered an additional 55 step vans, powered by electric drive systems assembled by Motiv Power Systems and fitted on Ford chassis.

In 2024, Hino plans to offer an electric version of its M and L series medium-duty trucks, branded as the M5e and L6e Series by integrating SEA Electric’s SEA-Drive power system.

Palmgren was most recently Head of Industrial Operations Production for the Traton Group.