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Forsee Power achieved EBITDA break-even in 2024, amid turnover drop

Forsee Power announces achievement of the 2024 target of EBITDA break-even, highlighted also during our visit at the company’s plant in Poitiers, France in July 2024 (the plan is for a projected 15% positive EBITDA by 2028). Overall, Forsee Power’s batteries now equip over 4,200 buses and more than ...

New Flyer will source axles from MAN for another five years

New Flyer will be relying on MAN-made bus axles for another five years (until the end of 2029). The order “includes several thousand axles and spare parts worth over 200 million US dollars“, MAN states. The contract includes VOK-08 front axles and the HY-1350 rear axle series. The axles ...

Gotion to build battery plants in Slovakia and Morocco

Chinese battery manufacturer (and Ebusco’s shareholder) Gotion has released plans to build two battery factories in Slovakia and Morocco. The group is backed by Volkswagen. Investment? $2.6 billion, 1.2 will be headed to the Slovakian plant, where annual capacity should be up to 20 GWh, accord...

Components

PEI Mobility, bellows for buses: innovation in motion

Years of activity and successes in the sector have led PEI Mobility to have currently 8.000 bellows in Europe and worldwide, resulting in being reference partner in a high-level position on the international scene. Made with high-tech materials, bellows by PEI Mobility feature patented systems that ...

It looks like battery pack prices have peaked, Interact Analysis says

Below, a contribution by Jamie Fox, Interact Analysis Battery pack prices have fallen tremendously over the years with today’s prices a fraction of where they used to be. However, this trend reversed in 2021 and 2022 due to issues around COVID, the Ukraine war, raw material prices, supply chain issu...
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