Zany stated it was its first delivery of its battery-powered cement mixer truck to Hong Kong and that it has also obtained EU type approval certification (WVTA) for the all-electric mixer truck, paving the way for exports to the region.

Suspensys's Mexican subsidiary Suspensys Sistemas Automotivos Ltda has moved its Mexican operations to Querétaro, while Castertech opens first warehouse abroad in the same city.

According to Ricardo, it has produced a prototype internal combustion engine and sent it off to Cummins and BorgWarner, who are partners in the Avanced Propulsion Centre project.

The company said it ended the year with liquidity of USD154m, which it believes will be enough to kickstart production of its ‘P7’ modular electric vehicle platform later this year.

Vietnam's CV market dips but relatively stable.

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.

South Korean CV market remains dominated by small trucks 5 tons and below.

“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.

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.

Malaysian market for CVs (up 40%) heavily dependent on strong pickup sales (up 42%).

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.

Japan's CV market sector loses 55,000 units in a year.