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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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The Ultra Press 2 project to optimize fuel cell manufacturing

The long march towards the completion of the energy transition. One of the indispensable steps in this process goes through the production of bipolar plates, or rather, the mass production of fuel cells. In this regard, the Ultra Press 2 project is making rapid progress. In the Ultra Presss project,...

Cummins is set to take over Meritor

Cummins is going to take over Meritor. The first is willing to pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash. Headquartered in Troy, Meritor is a primary brand when it comes to drivetrain, mobility, ...

Stena Recycling to launch a new battery recycling plant in Sweden

Stena Recycling, Swedish specialist in battery recycling, wants to invest in the construction of a battery recycling plant in the Halmstad area, in Sweden. The Swedish Energy Agency decided to support the company by giving Stena about 6.8 million euros. The facility is expected to initially handle a...

SOH… What is that? [The Battery Cycle #6]

With today’s article, we are crossing the line from rather short-term effects to the vast field of degradation, to which we will dedicate a whole chain of articles in 2022. But to begin, it is instrumental to understand some basic principles. What is the excessively used “SOH”? How is it defined, wh...
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