Scania to launch new venture capital fund
Following its successful predecessor, Scania Growth Capital II "will continue the focus on the most attractive companies and entrepreneurs in the B2B tech space", according to the Swedish group.
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Arrival, Denis Sverdlov steps down as CEO. Former Chairman of the Board Peter Cuneo appointed interim CEO
Denis Sverdlov becomes Chairman of the Board, thus replacing Peter Cuneo. “I am more committed than ever to ensuring Arrival’s success, and I will continue to act in the best interests of the Company, shareholders, customers, partners and employees", declared Sverdlov.
Scottish Munro Vehicles’ electric 4×4 to be unveiled early in December
Designed and built in Britain, the Munro will be the first vehicle to enter volume production in Scotland in more than four decades. The e-vehicles is addressed to numerous sectors including construction, agriculture, mining, forestry, mountain rescue, remote infrastructure maintenance, and leisure
Scania to finance additional investments in electrification by issuing about 275 million euro green bond
Around 20 Nordic banks, insurance companies and pension fund managers participated in the bidding for Scania’s new green bond. Proceeds are being channelled to projects that will have a profound impact in reducing CO2 emissions.
Cummins and Tata join forces to introduce zero-emission commercial vehicles in India
The MoU was signed in the presence of N Chandrasekaran, Executive Chairman, Tata Sons, and Tom Linebarger, Executive Chairman, Cummins Inc., on November 14, 2022 in Mumbai, India.
Former BMW and MAN representative Karl Viktor Schaller appointed to Volta Trucks’ Board of Directors
Karl Viktor Schaller has held many Executive and Board positions within the automotive industry. Most recently, between 2014 and 2019, he was Executive Vice President, Motorcycle Engineering with BMW AG. Before joining BMW AG, he was a Member of the Executive Board and Chief Technology Officer of MA...
Highlights
Cummins brings the power of choice to trucking
The USA-headquartered power systems manufacturer is working hard to shape the future of powertrain technology, with the broadest range of options. The company's intense participation in IAA Transportation in September allowed us to better understand what they have in mind. A broad and diverse portfo...
Fuel cell makers for more than 40 years, Ballard is at the forefront of the truck revolution. Interview with Nicolas Pocard
The close collaboration with Quantron on the development of their QHM FCEV truck, the latest product released by Ballard, the company's investments in R&D and production capacity, the role of fuel cells in the future of heavy-duty mobility. VP Marketing & Strategic Partnerships, Nicolas Pocard, shar...
Elon Musk on Twitter: “Fully-loaded Tesla Semi completed 800 km trip”
There are no further details about the test trip carried out by the electric truck made-in-USA, except that the truck had about 36-ton load.
Mercedes is trying to use only e-trucks for deliveries to Wörth plant. Target: 100% zero emissions by 2026
In order to achieve such ambitious target, Mercedes-Benz Trucks is closely cooperating with freight forwarders. The pilot phase is scheduled for implementation in 2023. In this phase, electrically powered Mercedes-Benz eActros 300 tractors will be utilized. Later, the eActros LongHaul and other mode...
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ICE, electric and hydrogen. Stellantis CV production plant in Hordain is truly multi-tasking
During a recent visit to the Hordain site in the northern Hauts-de-France region, Stellantis CEO Carlos Tavares announced the mass production of Peugeot, Citroën and Opel light commercial vehicles in a hydrogen-powered version equipped with a fuel cell.
There’s no peace for Arrival: focus shifted to the U.S. and more jobs to be cut
The shift to the U.S. market by a regulatory filing posted last week, as reported by the international press. It's not clear yet how many jobs will be cut in Europe, however Arrival will be reorganizing in order to "right-size the organization".
Daimler Truck to gain expertise in CV-specific electric motors: agreement with Gehring Technologies
Gehring Technologies, a German player covering the prototypical construction of so-called "truck-e-fied" e-motors as well as the further development and testing of innovative production processes, will partner with Daimler Truck. Gehring will also supply equipment for Daimler Truck's technical cente...
The new FPT ePowertrain plant in Turin conceived for massive e-axle and battery pack production
The very first totally carbon-neutral plant within Iveco Group covers an area of 15,000 square meters. At full capacity, the plant will employ about 200 people to produce over 20,000 electric axles and over 20,000 battery packs a year. The electric axles will equip heavy-duty vehicles such as the Ni...
Nikola has acquired electrification specialist Romeo Power
In the meantime, a few days ago Nikola founder and former CEO, Trevor Milton, was found guilty of three out of four counts of fraud in the U.S. Milton was charged with making fraudulent statements to drive up the value of Nikola’s stock.
Stellantis opens state-of-the-art software and technology center in India
The facility, spread across 50,000 square feet, will serve as the primary development center for STLA SmartCockpit, one of the technology platforms that are key to the company’s digital transformation strategy due to arrive in 2024.
Gustav Sundell is the new Head of Mobility Solutions at Scania
Mobility Solutions, which includes the wholly-owned subsidiary LOTS Group, is a unit that was formed in the spring of 2021 with the purpose to capture market opportunities in the future transport ecosystem. The unit is driving the development of new business models outside the current core business.
Ready to cross the Atlantic Ocean: Quantron to expand to North America
Quantron wants to achieve 50% of its turnover in the North American market by 2025, as the demand for hydrogen-powered vehicles especially in the U.S. is defined as "strong". Indeed, the Biden-Harris Administration has annnounced a $8 billion funding opportunity to create regional clean hydrogen hub...
Hyundai Motor’s brand-new Trailer Drone concept wins Red Dot Award Design Concept 2022
Trailer Drone is a hydrogen-powered container transportation system capable of operating fully autonomously. With the number of intelligently packaged hydrogen tanks tailored to the journey profile, the flexible and efficient Trailer Drone ensures more than 1,000 km of sufficient range from a single...
Ballard plans to invest about $130 million in manufacturing and R&D site in Shanghai
Such an investment is part of a strategy, called 'local for local', according to which the Canadian fuel cell specialist aims to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030.
