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French battery maker Forsee Power achieved EBITDA break-even in 2024 despite turnover drop by 11%

Forsee Power recored a turnover of €151.8 million, down 11% compared to €171.3 million recorded in 2023. “After two years of very strong growth, the market slowed down in 2024", stated Christophe Gurtner, Founder & CEO of Forsee Power. "We approach 2025 with confidence and intend to resume our growt...
27 January 2025 News

Scania CEO Christian Levin elected Chairman of ACEA Commercial Vehicles Board for 2025

"Today, our industry is undergoing the most transformative shift in its history: the transition from conventional combustion engines to zero-emission powertrains, such as battery-electric and hydrogen-powered models. This is a monumental challenge—one that requires the complete reimagination of an e...
14 January 2025 News

Italy, 213 electric trucks registered in 2024 (+114%). Light trucks definitely push the growth

BEV truck registrations in the 'low' range, the 3.5- to 5-ton range, are growing significantly, with a percentage increase close to 270 percent (170 vs. 46 in 2023). Declining, however, are registrations in the 'middle' segment between 5 and 16 tons, with 19 electric trucks registered compared to 23...
8 January 2025 Trends & Policies

Towards the Sustainable Truck of the Year Awards 2025. Find out the 13 finalists in 4 different categories

The Sustainable Truck of the Year 2025 awards are asseigned yearly to the commercial and industrial vehicles that stand out in the market for their sustainable footprint. The official awarding ceremony will take place on January 16. The big news this year is the introduction of a new e-Truck categor...
17 December 2024 Sustainable Truck of the Year

Why truck makers should truly prioritise safety. Our interview with Matthew Avery (Euro NCAP)

"Whilst trucks make up just 3% of the European vehicle fleet, they’re involved in 15% of all fatal crashes. If we are to deliver 'vision zero'—the concept of no road fatalities on European roads—we cannot only focus on passenger cars. We must consider all vehicle types. We intend to look at buses an...
16 December 2024 Interviews, Trends & Policies

Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
16 December 2024 News

ICCT: zero-emission heavy duty vehicles grow slowly in the first half of the year in Europe. The new report

The sales share of zero-emission heavy trucks (above 12 ton) increased from 0.7% in the first half of 2023 to 1.2% in the first half of 2024. The sales share of zero-emission light and medium commercial vehicles (from 3.5 to 12 ton) rose from 4.9% in the first half of 2023 to 9.3% in the first half ...
27 September 2024 Long Form, News

ZF announces strategic partnership based on hybrid transmission with Chinese brand Foton

Building on the success of their joint venture setup to deliver the TraXon automatic transmission and electric drives in China, ZF and Foton have now agreed for the joint venture to introduce ZF’s new hybrid transmission for commercial vehicles to the Chinese market. Under the agreement, ZF will fur...
16 September 2024 Components, IAA 2024

Gruber Logistics’ first Scania electric truck starts operation for Siemens Smart Infrastructure in Leipzig

On average, the e-truck will travel about 250 kilometers per day. Over the course of a year, this translates into about 60,000 kilometers of emission-free transportation. The vehicle is charged at the Siemens plant in Leipzig with electricity generated from renewable sources.
11 September 2024 Electric Truck

Battery manufacturer Forsee Power to reach break even in terms of adjusted EBITDA this year

In terms of 2024 financial targets, estimated sales are between €180 and €200 million. With achievement of break-even in terms of adjusted EBITDA expected this year, as already highlighted also during our visit at the company’s plant in Poitiers, France. The company has achieved the first sales of a...
26 July 2024 Components
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