According to the terms of the MoU, the two companies have promised to work together on electrification projects and research into improving electric vehicle safety and efficiency.

The programme - which covers servicing of Paccar MX engines, electrical systems, and braking and suspension systems - will provide students with nine factory-trained technician credentials, which Peterbilt claims will help fast-track them to careers at one of its North American dealerships.

ZF says it will launch series production of a new modular inverter architecture in 2025, which will contain silicon carbide components supplied by STMicroelectronics.

Baraja is developing a lidar system called ‘Spectrum HD25’, which will work using ‘Spectrum-Scan 10’, a technology developed by the company to improve the accuracy and range of lidar-based (i.e., using laser imaging) perception.

Volvo hopes that advances in this new area of digital innovation will make financial and insurance products “more dynamic and easier to access”.

This will require the integration of wireless technology into new commercial vehicles released in the market in the future as well as the collaboration to shape the standardisation of wireless EV charging.

Costing GBP 100 million, the two-year demonstrator project of a one-megawatt SOEC system will be undertaken in 2024 at Bosch’s site in Stuttgart, with the aim of proving that the technology is both cost-effective and highly efficient in helping decarbonise industrial operations.