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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...

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Investment company SKion gets a 20% stake in BMZ

Strategic investment company SKion has acquired a 20% stake in battery supplier BMZ Group. “BMZ is pleased to win SKion as an investor and thus to further expand its positioning in the field of important future topics around the braking of climate change via energy and transport transition&#82...

Milestone of 20,000 bus engines provided by Cummins to Otokar

Cummins and Otokar are celebrating a 16-year long partnership which has seen the delivery of more than 20,000 engines for bus and coach applications. The occasion was marked with the presentation of a celebratory plaque to Otokar from the Cummins team at its engine plant in Darlington, UK. Cummins c...

Konvekta supplies 60% of German e-buses with CO2 technology

60% of German e-buses drive with Konvekta CO2 technology. The figure is outlined by the supplier itself. The use of electric heaters proved to be a real energy guzzler for e-buses, as widely known. To generate one kWh (kilowatt hour) of heating energy, the system needs 1.1 to 1.23 kWh of energy from...

BMZ cooperates with CALB on lithium-ion batteries for EVs

BMZ Group and CALB announced a cooperation in order to manufacture lithium-ion based batteries for several electric vehicles, including electric trucks, buses, light commercial vehicles, agricultural machines, as well as electric construction equipment. The aforementioned cooperation aims at produci...
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