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Plus raises $200M in new funding to advance global commercialization of its automated trucks

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Plus plans to use the new funds to accelerate the global commercialization and deployment of its automated trucking system. The company will also scale deployments in the US and China, and expand internationally to Europe and other parts of Asia. Existing investors including Full Truck Alliance (FTA) also participated.

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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. Since 2016, Foton Motor and Piaggio Group have signed a Memorandum of Understanding and a Framework Agreement in succession. Piaggio Porter.

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Gevo signs Malaysian collaboration to produce cellulosic isobutanol for SE Asia

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signed a collaborative agreement with representatives from the Malaysian government’s East Coast Economic Region Development Council (ECERDC), Malaysian Biotechnology Corp (BiotechCorp) and the State Government of Terengganu with the intent to site a cellulosic biomass isobutanol facility in Southeast Asia.

Asia 236
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Former CEO of GM China Group Phil Murtaugh joins Pinnacle Engines board; first engines launch in Asia this year

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With previous professional experience as CEO of Asian Operations for Chrysler Group and the CEO of General Motors China Group, Murtaugh provides keen insight into Pinnacle’s planned expansion in 2014, focused heavily on Asian markets. —Monty Cleeves, Founder, President and CTO for Pinnacle Engines.

Asia 220
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bp selects Honeywell’s Ecofining technology for new diesel and sustainable aviation fuels project in Australia

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However, the continued growth of large-scale, export-oriented refineries throughout Asia and the Middle East has structurally changed the Australian market, bp noted at the time. Honeywell helped pioneer SAF production with its UOP Ecofining process, which has been used to produce SAF commercially since 2016.

Australia 195
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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

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The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 In spite of further challenges resulting from the diesel issue and the persistently difficult conditions in vehicle markets such as Brazil and Russia, the Group delivered 10.3 billion (US$4.22

2016 150
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Roland Berger and fka Index: China to dominate EV market and industry in foreseeable future

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The consultancy says that China will dominate both the market and the industry in the foreseeable future. The index assess the relative competitive position of the seven leading automotive nations (Germany, France, Italy, the US, Japan, China and South Korea) on the basis of three key indicators: technology; industry; and market.

China 150