On June 9, Nex Point, a Thai commercial EV assembler under Energy Absolute Plc (EA), announced that it expects to return to profitability in 2025, driven by recent fundraising and the planned delivery of approximately 500 electric commercial vehicles.
In 2024, the company posted a net loss of THB 2,765.60 million, at
Announced on June 3, 2025, Malaysia-based Globaltec Formation Berhad (GLOTEC), through its Automotive division represented by AutoV Corporation, has entered into a 50:50 joint venture and Subscription Agreement with Blue Breeze Sdn. Bhd. (BBSB) to establish GFB Hongli Sdn. Bhd.
The newly formed entity will focus on t
Announced on June 5, 2025, PT VKTR Sakti Industries (VKTS), a subsidiary of PT VKTR Teknologi Mobilitas Tbk, held a soft launch for Indonesia’s first CKD electric commercial vehicle assembly facility on May 29. The event introduced VKTR’s industrial capabilities to key stakeholders, including government officials and
On June 3, Oshkosh Corp., a leading innovator of purpose-built vehicles and equipment, announced the renaming of its Defense segment to the Transport segment. The Transport segment will continue to deliver tactical wheeled vehicles and mobility solutions to defense customers.
Additionally, Oshkosh Transport will foc
Reported on May 30, 2025, KITA Group officially signed a cooperation agreement with Chery Commercial Vehicle, a subsidiary of China’s Chery Auto Group, to invest in a manufacturing facility in Vietnam.
The factory will produce, assemble, and distribute electric commercial vehicles, with an annual capacity of 20,000 u
This year's exhibition emphasised the industry’s continued drive towards a cleaner, smarter, and more connected future.
BAUMA 2025 is expected to have drawn over 600,000 visitors from over 200 countries. The event featured more than 3,600 exhibitors from 57 countries, showcasing innovations across 614,000 square mete
On April 9, AVL opened its new Tech Center in Steyr, Austria. The new center serves as the hub for development of drive solutions for commercial vehicles, featuring cutting-edge infrastructure dedicated to research and development.
The new Tech Center hosts 110 employees developing advanced drive and vehicle concepts
EVE Energy Co., Ltd. (EVE Energy) signed a strategic cooperation agreement with KION Battery Systems GmbH (KBS).
The two companies will focus on the large-scale application of the 21700 cylindrical battery to logistics vehicles in Europe to accelerate the transition of local industrial transportation scenarios to zer
On April 8, Harbinger, a medium-duty commercial EV manufacturing startup, announced it has achieved the official start of production (SOP) for its U.S.-made electric vehicles, and has manufactured more than 100 units for customers, reaching this milestone four years after it was founded in February 2021.
First custo
Shaanxi Heavy Duty Automobile Co., Ltd. (Shacman) launched the Longji H truck with a 10-speed automated mechanical transmission (10AMT) from Zhejiang Wanliyang Co., Ltd. (WLY). The WLY 10AMT is applicable to various models such as freight vehicles, logistics vehicles, dump trucks, and special-purpose vehicles. Coveri
Cummins (China) Investment Co., Ltd. (Cummins China), a Cummins subsidiary, signed a strategic cooperation agreement with Great Wall Motor Co., Ltd. (GWM).
The two companies will focus on the joint development and promotion of a power chain dedicated for heavy-duty hybrid trucks to step up reducing carbon emissions f
EVE Energy Co., Ltd. (EVE Energy) held a 2025 strategic seminar and signed a strategic cooperation agreement with Sany Heavy Truck in Huizhou. At the seminar, the two companies conducted in-depth exchanges on key topics in the New Energy commercial vehicle (NECV) market, such as market demand, technology trends, prod
Announced on January 21, 2025, BYD Trucks Singapore by Inchcape+ held the grand opening of the BYD Commercial Mobility Hub.
This milestone is a step toward reshaping the future of commercial fleets in Singapore
with zero-emission technology for heavy-duty operations, along with solutions to drive businesses forward
On January 7, EKA Mobility announced that it would launch a comprehensive range of electric commercial vehicles at the Bharat Mobility Auto Expo 2025.
Its line-up will include electric buses for city, intercity, and shuttle applications, medium- and heavy-duty electric trucks for logistics for intra-city and long-hau
On November 26, Stellantis proposed to consolidate its UK light commercial vehicle (LCV) manufacturing at Ellesmere Port in Cheshire, transforming it into an all-electric vehicle hub with a GBP 50 million investment. The plan aligns with the UK's Zero Emission Vehicle (ZEV) mandate and aims to increase production eff
Zhejiang Wanliyang Co., Ltd. (WLY) succeeded in trial-manufacturing the new 16AG280 transmission for heavy-duty commercial vehicles. Applicable to models such as tractors, freight vehicles, and dump trucks, the 16AG280 covers engines with a torque of 2,400-3,200Nm and a power of 390-447kW, meeting different customer
EVE Energy Co., Ltd. (EVE Energy) announced that Sany Heavy Truck launched a new electric heavy truck, the SE636, which carries EVE Energy’s Z long-range battery, a battery series from EVE Energy’s Open Source Battery. This marks the first time that the Open Source Battery has been applied in commercial heavy trucks.
Contemporary Amperex Technology Co., Ltd. (CATL) launched the bus-dedicated Tianxing battery.
Tianxing is a CATL commercial vehicle power battery sub-brand established in July 2024. The bus-dedicated Tianxing battery has a service life of 15 years and 1.5 million kilometers as well as a warranty period fully covering
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