The investments will support both internal R&D and strategic acquisitions, including stakes in emerging AI startups through its venture capital arm, Bosch Ventures.

As a subsidiary of Daimler Truck, this fits into the parent company’s broader hydrogen strategy to develop infrastructure that supports the rollout of Daimler Truck's GenH2.

Today, Wörth is the world’s largest Mercedes-Benz truck plant, employing around 10,000 people and playing a central role in Daimler Truck’s global manufacturing strategy.

Four years ago, Kerem Erman joined Turkish manufacturer Otokar as assistant general manager for commercial. Since then, the company’s revenues have increased “threefold”, Erman said during a recent conversation with Truck & Bus Builder.

First models include the eActros 300 and eActros 400 trucks and the light duty FUSO eCanter truck.

The acquisition supports Phinia’s strategy to expand into carbon-neutral and carbon-free fuel technologies. SEM was previously owned by Swedish Electromagnet Invest AB, majority held by Procuritas Capital Investors V L.P.

Available in four power classes—from 0.65 kWh (50 Ah) up to 2.6 kWh (200 Ah) and expandable with additional modules, the system provides clean, emission-free electricity to run tools, appliances, work lights and charging stations directly from the vehicle.

This acquisition propels GoZero to become Australia’s largest bus manufacturer and preserves local production and jobs in Queensland and South Australia.

Autonomous terminal tractors installed with Outrider’s system will be deployed in limited numbers during the second half of this year.

The move forms part of a broader strategy to decarbonise road freight and make zero-emission trucks more cost-competitive with diesel models. The proposal must be approved by the European Parliament and the Council of the EU. A final vote is expected by early 2026, following ongoing consultations.

This investment forms part of First Bus’s strategy to achieve a zero-emission fleet by 2035 and supports Bristol’s wider clean air goals.

These electric buses will operate in Deva, Timișoara, Brașov, Alba Iulia, Botoșani, and Constanța, with all new deliveries expected to enter service by the end of 2025.