The agreement is with two Chinese vehicle manufacturers.

In the first half of 2023 the joint venture, based in Taiwan’s capital Taipei, sold 50 battery-powered buses (e-Bus) based on the ‘Model T’ prototype that was developed by Hon Hai based on its MIH purpose-built open platform.

The CV market in China continued to recover in June 2023, with sales rebounding by more than 26% from weak year-earlier sales, according to wholesale data released by the China Association of Automobile Manufacturers (CAAM). As we report this news, August 9, saw many leading newspapers around the world announce that the Chinese economy, the second largest in the world, had dipped into deflation, as the economy slowed.

Starting in January 2025, the Urbasolar group will supply Keolis with an annual 18 gigawatt-hours (GWh) of electricity generated at French solar farms. This will allow Keolis to supplement its energy supply at a fixed, long-term price, whilst reducing its CO2 emissions by an estimated 290 tonnes of per year.

Peru, like other main countries of South American saw commercial vehicles sales decrease in the first six months of 2023 and by 11.0% to 8,220 units compared with 9,240 units sold in the same period of 2022.

Iveco confirmed its leadership in the Argentine heavy commercial vehicle market, both by brand, displacing Mercedes-Benz, and by model, with the Tector 170E truck.

According to AEADE of Quito, 8,167 units were sold in the first half of 2023, surpassing the 7,413 vehicles registered in the same period last year.

According to Santiago-based ANAC (Asociación Nacional Automotriz de Chile) trucks registrations between January and June this year decreased by 19.7% compared with the same period in 2022, where as the bus and coach volumes rose by 60%.

The Colombian market for commercial vehicles closed the first half of 2023 with a significant decrease of 17.1% compared with the period of January to June in 2022, according to data released by the Bogotá-based Asociación Nacional de Movilidad Sostenible – ANDEMOS.

Uruguay remains one of the smallest markets for CVs in Latin America and yet has a relatively high and disproportionate number of brands competing in the market place.

Brazilian body builders produced 10,336 units in the period January to June this year, up 26.8% compared with the 8,152 units manufactured in the same period of 2022.

The move to stricter emissions in January this year led to a fall in demand.