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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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Otokar turns to Voith Electrical Drive System for the e-Kent C

Otokar relies on Voith Electrical Drive System for the e-Kent C just unveiled in Munich at IAA Mobility 2021. At the IAA Mobility in Munich, Germany, the e-Kent C was in operation as a shuttle bus between the exhibition grounds and the city center on the “Blue Lane” innovation route (whe...

Mercedes-Benz launches an electric bus chassis in Brazil

Mercedes-Benz has unveiled its first electric bus chassis developed for the Brazilian market. Named eO500U, the chassis will be launched in 2022, meeting the demands of Brazil and Latin American market (but it will also be commercialized in Europe and Oceania, the group says). Mercedes-Benz do Brasi...

Battery manufacturer Microvast goes public

Microvast goes public. The battery manufacturer commenced trading on the Nasdaq on July 26 under the ticker ‘MVST’. The company has completed the business combination with Tuscan Holdings, resulting in the new name ‘Microvast Holdings, Inc.’ Founded in Houston in 2006, Microvast develops b...
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