Hexagon’s Type 4 hydrogen cylinders store hydrogen at 350 bar and are designed specifically for use in buses.

The company has made several senior leadership changes aimed at bolstering its North American sales and marketing capabilities.

The order represents 5 megawatts (MW) of total rated power and comes at a welcome time as the company has delayed hydrogen infrastructure development due to the slower-than-expected adoption of fuel cell technology.

The increased stake was achieved through the issuance of around 4.9 million new shares at EUR 0.8209 per share, the same price as Ebusco's November 2024 rights issue. The proceeds from this share issuance were used to settle outstanding accounts payable that Ebusco owed to Gotion.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Wanrun’s bid was selected because it proposed to maintain all of Safra’s current business activities and to keep 120 out of 169 jobs going through a “clear investment plan”.

Bollinger has struggled to make payments on its loans to various creditors, including a $10m loan from company founder Robert Bollinger, since the beginning of the year, according to a local news report.