The first project is a joint program with Czech truck manufacturer, Tatra Trucks to co-develop a specialised off-road truck prototype called the “Battery Electric Tatra Truck” with multi-speed Transmission (BETTT). Eaton will be responsible for the development of the power distribution unit (PDU) and 4-speed EV transmission.

HL Mando Corporation is a South Korean manufacturer of automotive chassis systems based in Seoul, while Tianrun is a leading Chinese manufacturer of internal combustion engine parts, mainly for commercial vehicles.

The parent of specialty truck brands including McNeilus and Pierce reported a recovery in its income for 2023 compared to the year before, announcing an adjusted net income of USD657.2m (2022: USD237.6m).

The Malaysian commercial vehicle market over 2 tons gvw expanded by more than 5% to 22,217 units in the fourth quarter of 2023 from 21,050 in the same period of the previous year

The Indonesian market for commercial vehicles over 2 tons gvw continued to decline sharply in the fourth quarter of 2023, by 29% to 34,552 units from 48,636 units a year earlier.

The commercial vehicle market over 2 tons gvw expanded by 12% to 91,830 units in the fourth quarter of 2023 boosting annual sales overall.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.