FARMINGTON HILLS, Mich., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Ian Hucker, vice president of GM Envolve, will present the keynote address at Green Truck Summit, the commercial vehicle technology conference that kicks off Work Truck Week® 2026 on March 10. His keynote will delve into the ongoing evolution of multi-stage commercial vehicles, including advances in vehicle design, powertrains, connectivity and equipment integration. Work Truck Week 2026 runs March 10–13, 2026, at the Indiana Convention Center in In ...

Industry Insights - The "Energy-saving and New Energy Vehicle Technology Roadmap 3.0" was released by the China Society of Automotive Engineers on October 22, aiming for over 80% penetration of new energy vehicles in the market by 2040, positioning China among the world's leading automotive powers [2] - The new roadmap emphasizes sustainable development of energy-saving vehicles, iterative upgrades of new energy vehicles, and the evolution of intelligent connected vehicles, structured into a comprehensive report with five technical groups and 26 specialized topics [2] Product Analysis - The development of new energy VANs is influenced by policy regulations, including a reduction in vehicle purchase tax for new energy vehicles from 2026 to 2027, with specific technical requirements for electric passenger vehicles [4] - The penetration rate of new energy in specialized VANs is currently low at 10.2%, with significant growth potential as battery technology advances and policies support the transition [14] - The trend towards larger vehicle sizes and cargo volumes in new energy VANs is evident, with a shift from vehicles under 4.5 meters to those between 4.5-5 meters, and cargo volumes increasing from 5 cubic meters to 7-8 cubic meters [15] Sales Forecast - The light commercial vehicle market is expected to maintain stability amid structural adjustments, with sales projected to reach approximately 2.837 million units in 2025, reflecting a growth of 4.1%, and a slight increase to around 2.9 million units in 2026 [19]

Core Insights - Sono Group N.V.'s subsidiary, Sono Solar, has been awarded the European Transport Prize for Sustainability 2026 for its solar solution designed for refrigerated vehicles, highlighting the growing acceptance of integrated solar technology in the commercial vehicle sector [1][2]. Group 1: Award and Recognition - The European Transport Prize for Sustainability honors innovative products that merge environmental protection with economic efficiency in the commercial vehicle sector, with Sono Solar winning in the category of "Energy Supply & Charging Infrastructure for Commercial Vehicles" [2]. - The solar solution utilizes automotive-grade solar modules and a high-voltage solar charging architecture to generate electricity directly on the vehicle, enhancing the vehicle's range and reducing its CO₂ footprint without altering driving behavior or charging infrastructure [2][3]. Group 2: Industry Impact - The award signifies a shift in the industry towards solar technology as a fundamental component for decarbonizing commercial fleets and managing costs, as stated by the Managing Director of Sono Group N.V. [3]. - Sono Solar's recognition alongside major OEMs like Daimler Truck and MAN indicates that integrated solar solutions are gaining traction within the established transport and logistics ecosystem [3]. Group 3: Market Engagement - Sono Solar is actively collaborating with OEMs, fleet operators, and bodybuilders to establish solar energy as a standard source for various commercial vehicles, including vans, trailers, coaches, and city buses [4]. - The company's technology is designed to be modular and vehicle-agnostic, allowing for integration into both new vehicles and retrofit applications, addressing the market's demand for quick-acting solutions [4].

Core Insights - Registrations of new light commercial vehicles (LCVs) in the UK fell by 22.2% in November 2025 compared to the same period last year, with a total of 23,570 new vehicles registered [1] - Over the first 11 months of 2025, LCV registrations dropped by 11.4% compared to the same period in 2024, attributed to subdued business sentiment and economic conditions [2] - The major segment of large vans saw a decline of 19.7% in November, accounting for 69.8% of overall LCV sales [2] - Medium-sized vans experienced a decrease of 20.5%, while registrations for new 4×4 vehicles and small vans declined by 10.3% and 53.8% respectively [3] - Pickup trucks recorded a drop of 34.8%, marking their second consecutive monthly decline [3] - Battery-electric van (BEV) registrations increased by 25.3% to 2,909 units in November, representing a market share of 12.3% [3] - BEV registration numbers rose by 44.7% over the year, totaling 27,159 units since January, but only account for 9.4% of total LCV registrations, below the government-mandated target of 16% [4] - Registrations of new heavy goods vehicles (HGVs) in the UK reduced by 14.5% year-on-year during Q3 2025, with 9,272 new HGVs entering service [5]

Core Insights - REE Automotive Ltd. has announced a strategic collaboration with Mitsubishi Fuso Truck and Bus Corporation to develop a software-defined vehicle (SDV) using REE's zonal SDV architecture and x-by-wire (XBW) technology [1][2][4] - The collaboration includes a one-year evaluation phase to convert a Mitsubishi Fuso eCanter electric truck into an SDV, allowing Mitsubishi Fuso to assess the benefits of REE's technology for future commercial vehicles [1][4] - This partnership aims to accelerate Mitsubishi Fuso's transition to smarter, safer, and upgradable cloud-connected trucks, with REE potentially serving as a supplier for future vehicle platforms [1][4][2] Company Overview - REE Automotive specializes in software-defined vehicle technology, focusing on managing vehicle operations through proprietary software and advanced zonal architecture [8] - Mitsubishi Fuso, a subsidiary of Daimler Truck AG, has a long history in the commercial vehicle market and is known for its innovations in electrification and automated driving technologies [6][7] - The eCanter, introduced by Mitsubishi Fuso in 2017, is Japan's first mass-produced electric light-duty truck, contributing to CO2 reduction and suited for urban operations [7] Technology and Innovation - REE's zonal architecture simplifies integration and reduces hardware complexity, allowing OEMs to standardize across multiple vehicle platforms while enhancing safety and performance [2][8] - The collaboration will leverage both companies' strengths to create a new industry benchmark for commercial vehicles that support autonomous solutions [2][3] - REE's x-by-wire technology eliminates mechanical linkages, enabling flexible design and optimized performance, which is crucial for the development of next-generation commercial vehicles [3][8]

Core Insights - Tata Motors (CV) reported a revenue from operations of Rs 18,585 crore for the quarter, marking a 6% increase from Rs 17,535 crore in the same quarter of the previous fiscal year [1][8] - The company experienced a consolidated net loss of Rs 867 crore for the second quarter, a significant decline from a net profit of Rs 498 crore in the same quarter last year, primarily due to mark-to-market losses on investments [6][8] Financial Performance - The Profit Before Tax (before exceptional items) for the quarter was reported at Rs 1,700 crore, with a net income of Rs 900 crore [6][8] - EBITDA margins improved to 12.2%, an increase of 150 basis points year-on-year, while EBIT margin rose to 9.8%, up by 200 basis points [6][8] Operational Highlights - Commercial vehicle wholesales reached 96,800 units, reflecting a 12% year-on-year increase, with domestic volumes rising by 9% and exports surging by 75% [3][8] - The company maintained a stable domestic CV VAHAN market share of 35.3% in the first half of FY26 [3][8] Strategic Developments - Tata Motors (CV) passed on the full benefit of GST reductions to customers and introduced new products such as Ace Gold+ Diesel and Winger Plus to meet diverse customer needs [7][8] - A Memorandum of Understanding was signed with Green Energy Mobility Solutions to supply 100 Magna EV intercity coaches, and 1,300 vehicles of Ace Pro EV were billed within four months of its launch [7][8] Future Outlook - The company anticipates continued momentum in the second half of FY26, driven by demand from the construction, infrastructure, and mining sectors [8]

Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote on proposals related to the upcoming 2025 Annual General Meeting, emphasizing the importance of participation to ensure the merger with Motiv and other proposals are approved [1][2][4]. Group 1: Shareholder Voting - The deadline for shareholders to vote has been extended to November 25, 2025, and shareholders of record as of September 18, 2025, are eligible to vote [1][6]. - Shareholders are encouraged to vote for the Motiv transaction and other proposals to secure a significant ownership stake in the combined company, which is positioned as a leader in the medium-duty electric vehicle market [3][4]. - Voting can be done easily through various methods, including online, by phone, or by proxy card [6][7]. Group 2: Importance of Voting - If shareholders do not vote in favor of all proposals, the merger with Motiv may not close, potentially leading to a standalone path for Workhorse that could diminish the value of their investments [4][5]. - The company has indicated that votes received so far are strongly in favor, but reaching quorum is essential for the meeting to proceed [2][4]. Group 3: Company Overview - Workhorse Group, Inc. focuses on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States for last-mile delivery and medium-duty operations [9].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of all proposals at the upcoming Annual Meeting on November 12, 2025, emphasizing the importance of their participation in a potential merger with Motiv and other proposals [1][3][4]. Group 1: Shareholder Voting - Shareholders are encouraged to vote today for the transaction with Motiv and other proposals, as this could provide significant ownership in a leading medium-duty electric vehicle market company [3][7]. - The deadline for voting is set for 11:59 pm ET on November 11, 2025, and shareholders can vote online, by proxy card, or by phone [6][9]. - Independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co., have recommended that shareholders vote in favor of the merger, citing compelling strategic rationale and potential cost synergies [2][7]. Group 2: Company Outlook - If sufficient votes are not received, Workhorse may continue as an independent company, which could lead to liquidity issues and potential restructuring, resulting in minimal recovery for shareholders [4]. - The merger with Motiv is seen as a strategic move to enhance value for shareholders compared to a liquidation scenario [7]. - Workhorse Group is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for various applications [11].

Core Insights - Satyakam Arya has been appointed as President and CEO of Hino Motors, effective April 1, 2026, marking a significant leadership change for Daimler Truck and Toyota Motor Corporation's integration of their commercial vehicle subsidiaries [1][3] - The integration aims to establish a new listed holding company for Mitsubishi Fuso and Hino Motors, with Daimler Truck and Toyota each targeting a 25% ownership stake [3] - Succession planning for Daimler India Commercial Vehicles (DICV) is currently in progress, with further details to be announced soon [4] Company Performance - Under Satyakam Arya's leadership, DICV has achieved record-breaking profitability growth in its trucks and buses portfolio, while also doubling its customer base across all segments [6] - The dealership network for BharatBenz expanded significantly from 182 to over 385 locations nationwide, enhancing customer accessibility [6] Industry Outlook - The commercial vehicle industry in India is poised for transformation, driven by increased infrastructure investments and a shift towards sustainable mobility, creating strong growth fundamentals [7] - DICV is well-positioned to leverage these opportunities due to its solid foundation and exceptional leadership [7]