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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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ZF Commercial Vehicle Solutions launched

ZF announced the successful start of its new “Commercial Vehicle Solutions” (CVS) division with effect from January 1, 2022. The new division «combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitized transport», the compa...

Lightning eMotors announces deal with CATL for EV battery supply

Lightning eMotors has signed a two-year agreement to purchase 175 megawatt-hours (MWh) of CATL battery products, the largest battery manufacturer in the world. Vehicle production with CATL packs is expected to begin in March 2022. Lightning eMotors will be working with CATL and CSI to design and ins...

Proterra to open a new EV battery plant in South Carolina

Proterra announced plans to open a new EV battery system manufacturing plant in South Carolina to produce battery systems for Proterra Powered customers’ commercial electric vehicles. It’ll be the company’s third battery production facility nationwide. In December 2020, Proterra opened its sec...
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