For Forsee Power, the partnership expands its footprint in the North American market, aligning with its strategy to invest in its North American operations in order to provide localised production for its customers.

This depot will feature 12 high-speed chargers, specifically designed to support 22 new electric buses operating within Exeter. Notably, the facility will also function as a Community Charging Hub, offering public access to charging points during periods when buses are not in service.

Sales of light-duty passenger vehicles (7.5 tons and below) were up in the FY 2024/25 with rate of 5.9% to register 54,807 units (51,750).

Sales of buses and coaches (>7.5t gvw) in the FY 2024/25 increased by 23.4% to 65,580 units from 53,137 units in the previous fiscal year.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) fell by 2.8% to 528,045 units in FY 2024/25 from 543,008 units in FY 2023/24.

Total tractor sales slipped 2.2% during FY 2024/25 to register 67,574 units compared with 69,115 units in the previous year (FY2023/24).

Sales of medium and heavy rigid trucks (7.5t gvw and above) experienced a degrowth of 4.4% to 239,847 units in FY 2024/25 from 250,969 units in the financial year 2023/24.