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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 ...

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Lion E-Mobility will provide battery packs to Karsan

Lion E-Mobility has achieved a 12 million euros battery pack order from Karsan. It has not been specified on which models Lion battery will be mounted. So far Karsan has been sourcing battery modules from Chinese giant CATL for the e-bus range e-ATA launched in 2021 (and BMW from the shortest in th...
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