The plant is managed by the company’s local subsidiary, Yuchai Power System (Thailand) Company Ltd, based in Samut Prakan just outside Bangkok.

The culminating event of the company’s centenary celebrations was held in Sainte-Claire, the town where Eugène Prévost, founder of the company, was born in 1898.

The new facility located at Phoenix House in Basildon offers a modern and technology-driven workspace designed to support the company's growth.

The company said the Thai plant would be used to supply markets across South-east Asia, Middle East as well as Latin America, replacing the existing C&E Series models.

As of August 2024, several Dutch transport operators have begun using the XD and XF Electric models, which have been designed for zero-emission operations.

The Turkish manufacturer, which is a subsidiary of the Koç industrial conglomerate, held a special ceremony at its plant in Sakarya to commemorate the milestones.

Holger Lange, head of R&D for truck and bus tyres at Continental explained that the company is focused on enhancing the sustainability and efficiency of its commercial vehicle tyres​.

The agreement is designed to support Farizon Auto’s expansion in the methanol-hydrogen and electric-powered commercial vehicle segment.

Schreyer replaces the previous leadership duo of Peter Bijvelds and Michiel Peters. His appointment comes at a critical time as Ebusco is undergoing a turnaround strategy to address financial challenges and streamline its operations​.

In 2023, Hyva undertook significant business restructuring efforts to enhance its global operations and competitiveness. This restructuring was aimed at improving operational efficiency, strengthening its product portfolio, and positioning itself better for growth in key markets.

The company showcased a variety of powertrain systems, including natural gas-powered engines, and electric propulsion (e-propulsion) systems.

The facility is being built in the technological-industrial development zone near Skopje and represents a significant investment, making it the company’s fifth global factory.