Andy Cheung comes from Johnson Controls, where he served as Vice President and Chief Financial Officer of Global Products.

The company has appointed Chris Villavarayan as its new Chief Executive Officer, President and a member of the company’s Board of Directors, effective January 1, 2023.

These appointments come after former CEO, Xiaodi Hou, was fired for allegedly engaging in illicit technology transfers with Chinese-backed start-up Hydron Inc.

BorgWarner has announced it has agreed terms to buy existing power electronics manufacturing supplier, Bern-based Drivetek, for USD37 million, of which USD27 million was delivered at closing, with the additional USD10 million being paid over the next three years.

Dayco is set to invest USD11.5 million in a new manufacturing plant in San Luis Potosi, Mexico, to make drive belts - the new facility is scheduled to open in Q1 of 2024.

Production of these batteries will commence in late 2023, once their new manufacturing facility in Jamestown, New York, is fully operational.

Volvo Group North America will deploy the 8 trucks as part of a USD10m programme funded by New York Clean Transportation Prizes, an initiative from the state of New York designed to reduce air pollution.

The manufacturer has signed a five-year contract stipulating a firm order for 28 compressed natural gas buses and 13 ‘Charge NG’ battery-electric buses, both from the ‘Xcelsior’ range of 40-foot transit buses.

Both companies’ technicians will maintain Aurora’s fleet of autonomous class 8 tractors, doing compliance, inspections, repairs and preventative maintenance on site.

The company’s new headquarters and manufacturing operations, comprising 400,000 square feet, will be located in the Turner Logistics Center, an industrial estate currently under construction.

The consortium is to consist of Ideanomics subsidiary, U.S. Hybrid Corporation and A-1 Alternative Fuel Systems Inc, supported by funding from South Coast Air Quality Management District (South Coast AQMD) and SoCalGas.

According to social media reports, Tesla has successfully demonstrated the 500-mile range of its new ‘Semi’ Class-8 battery-electric truck and has made its first delivery to food and beverage firm PepsiCo Inc.