Commercial & Heavy-Duty Electric Vehicles

Tesla said it will operate public Megacharging locations at three electric-truck depots being developed by Forum Mobility in California, adding a combined 30 megawatts of charging capacity using Tesla's Megawatt Charging System alongside CCS connectors. The announcement came as Tesla shares climbed about 1% Friday morning, lifted by a broader move into consumer-discretionary stocks that also boosted automakers. General Motors, Ford and Stellantis all gained on Thursday, while the consumer-discretionary ETF rose faster than the broader S&P 500, suggesting the advance was partly tied to sector-wide buying rather than a single Tesla catalyst. Broader market conditions were supportive as well, with oil prices falling about 2% and the 10-year Treasury yield declining, helping ease pressure on equities. Tesla's gain therefore reflects both the new charging-network development and the wider rebound across consumer and automotive stocks.

The global terminal tractor market is projected to grow from USD 1.65 billion in 2026 to USD 2.39 billion by 2033, a 5.4% compound annual growth rate, according to a new report added to ResearchAndMarkets.com's offering. Within that market, the above-250 kW motor power output segment is expected to grow fastest, driven by electrification of major container ports and clean-port initiatives, with MAFI's T230e delivering a maximum motor output of 300 kW and SANY's SM4256 Electric Terminal Tractor providing up to 280 kW. The 4x2 drive configuration is projected to retain the largest share of the market, with Asia Pacific, Europe and North America collectively accounting for more than 85% of 4x2 terminal tractors as of 2026. The United States is expected to remain North America's largest terminal tractor market throughout the forecast period, supported by US e-commerce sales that reached USD 326.7 billion in the first quarter of 2026, up 2.7% from the fourth quarter of 2025, according to the US Census Bureau. Key players in the market include Kalmar of Finland, Terberg Special Vehicles of the Netherlands, TICO Tractors and Capacity Trucks of the United States, and MAFI Transport-Systeme GmbH of Germany.

Pure Energy Corporation, or EA, has opened the factory of Absolute Assembly Company, or AAB, in Chachoengsao province to welcome a delegation of contestants in the Miss Thai Local Beauty 2026 pageant for a visit to its electric commercial vehicle production and assembly processes, and to present the group's electric vehicle technology capabilities. AAB serves as the electric commercial vehicle production and assembly base of the EA group in Thailand under a collaboration between the EA group and Next Point Company, or NEX. One of AAB's key missions is preparing for the production and assembly of electric buses for the Bangkok Mass Transit Authority's clean energy air-conditioned bus project, totaling 1,520 vehicles, under cooperation with Nakhonchai Air and NEX, in support of upgrading the public transport system toward clean energy use. At the same time, EA also presented an overview of the group's Green Energy Ecosystem, which spans renewable power generation, batteries and energy storage systems, charging stations, and electric commercial vehicles, linking clean energy infrastructure with the transport sector in a fully integrated manner.

Eight companies including Daimler Truck, Volvo Group, Toyota Motor Corp., Bosch, Air Liquide, TotalEnergies, TEAL Mobility and MB Energy announced at IAA Transportation in Hanover a joint effort to make hydrogen trucking commercially viable in Europe by 2030, with Germany as the template and a request that the European Commission and other national governments copy it. Daimler Truck brought its Mercedes-Benz NextGenH2 Truck to the show floor and plans to put a small series of 100 into customer operations from the end of 2026, with the first batch of 50 already sold, said Karin Rådström, president and CEO of Daimler Truck, who added that the company is investing a mid-three-digit million euro amount in hydrogen trucks through the end of the decade. The NextGenH2 runs more than 1,000 kilometers on a single fill of liquid hydrogen and carries 1.3 metric tons more payload than Daimler's battery-electric eActros 600. Both truck makers named €6 ($6.92) a kilogram as the hydrogen price point at which the business case works, and Rådström said Europe's 187 hydrogen stations are mostly built at 350 bar, which does not give trucking the added range it needs. Germany's federal transport minister, Steffen Bilger, said a government funding call covering hydrogen refueling stations and hydrogen-powered commercial vehicles together drew more than €450 million in applications against the €220 million available, with bids seeking more than 70 high-capacity stations and 800 heavy-duty trucks.

Tesla will operate high-power charging stations at three new Forum Mobility electric truck depots in California, expanding the charging network its Semi heavy-duty truck needs to grow. The sites in Ontario and Oakland will use Tesla's Megawatt Charging System alongside standard CCS charging ports, and Forum is adding 30 megawatts of charging capacity across them. At Forum's Santa Fe facility in Rancho Dominguez, fleet operators have committed to more than 330 Tesla Semis, and the depot will also serve other commercial electric trucks. Forum already operates Tesla Megachargers at its Port of Long Beach location, which opened in late 2024. Tesla is preparing to take the Semi beyond North America, with a European launch planned for next year, making California an important proving ground for whether growing charging access can turn early fleet commitments into a broader Semi rollout.

Synergetic Auto Performance Public Company Limited, or ASAP, is preparing to establish an electric vehicle assembly plant for the MAXUS brand in Thailand, with operations expected to begin around the middle of next year. Chief Executive Officer Songwit Thitipunya disclosed that the company is currently negotiating the selection of three to four potential sites for the plant and is in discussions with its MAXUS partner from China to finalize the investment structure and shareholding proportions. Assembly of EVs will begin in CKD form, after an initial phase of importing fully built electric vehicles to market in the country. The plan falls under the MAXUS brand, with Evante Company Limited, part of the group, serving as the sole distributor of commercial electric vehicles in Thailand, in order to accommodate growth in the EV market and reduce reliance on imports of completely built-up vehicles. The company assesses that Thailand's electric vehicle market will continue to expand, forecasting a growth rate of approximately 5% compared with the previous year.

Bloomberg reported on the 16th that BYD Chairman Wang Chuanfu may accompany Chinese President Xi Jinping on his visit to the United States, expected to coincide with a US-China summit on the 24th of next week. Candidates for the corporate delegation number more than a dozen companies spanning sectors including high technology and agriculture, with the apparent aim of promoting increased purchases of American goods and investment in the United States. US President Trump said in an interview with Fox News on the 11th that if China wants to come to the United States and open automobile production plants, that is fine with him. BYD already operates an electric bus production plant in California, and accompanying the delegation would provide a foothold for expanding local production. Cai Qi, the fifth-ranked member of the Chinese Communist Party's Politburo Standing Committee, and others are scrutinizing the list of accompanying companies, and the situation remains fluid. The United States imposes tariffs of more than 100 percent on Chinese EVs, effectively shutting out Chinese passenger cars, and the US Department of Defense has designated BYD as a Chinese military company, so domestic opposition to its entry into the US market runs deep.

Indonesian new vehicle sales rose 32% year-on-year to 81,756 units in August 2026, up from 61,771 units a year earlier, according to wholesale data from the local automotive industry association Gaikindo. For the first eight months of 2026, the market expanded 20% to 599,491 units, with light passenger vehicle sales up over 13% to 437,374 units and commercial vehicle sales up 42% to 162,117 units, including a 54% surge in light- and medium-duty trucks to 131,813 units. Battery electric vehicle sales nearly doubled to 103,300 units year-to-date from 53,100 units, driven by Chinese brands and government tax incentives. Toyota led the first eight months with sales up 9% to 175,931 units, followed by Daihatsu at 100,884 units, Suzuki at 47,908 units and Mitsubishi Motors at 43,753 units, while BYD jumped 98% to 37,696 units to take fifth place ahead of Honda, which fell 37% to 26,437 units. Overall vehicle production rose 13% to 859,256 units in the period, and GlobalData forecasts Indonesia light vehicle sales to rise 3% to 770,000 units in 2026 from 750,000 units in 2025, easing to 765,000 units in 2027.

Morgan Stanley analyst Andrew Percoco raised his bull-case price target for Tesla from $820 to $840 while keeping an equal-weight rating and a $400 base-case target, with shares trading around $357. The update highlights the Tesla Semi truck, where Morgan Stanley sees a scenario of more than 80,000 autonomous Semi trucks on the road by 2040, each generating as much as $18,000 a month in full self-driving revenue, for more than $17 billion in high-margin FSD revenue by 2040. Visible Alpha consensus calls for Semi units to rise from 4,000 in 2027 to 12,000 in 2028 as production ramps up, helped by a lower cost per mile than a typical diesel truck, as shown in a pilot with PepsiCo. On the last earnings call, Chief Executive Officer Elon Musk said the total number of Tesla Semi units is still low and will remain a very small percentage, and that developing FSD for the Semi is taking a bit of a backseat for the next six months, though it will definitely be working next year and in time for the scale-up to high production. Morgan Stanley maintains an equal-weight rating on the stock, and the Semi is not a near-term earnings driver but one to pencil in for long-term growth.

Bosch aims to double its heavy-duty commercial vehicle technology sales from today's more than 4 billion euros by 2035, Dr. Markus Heyn, deputy chairman of the Bosch board of management and chairman of the Mobility business sector, said at the IAA Show in Hannover. The company expects global truck production to grow moderately by about 1 percent to approximately 3.3 million trucks this year, then to 4 million units by the mid-2030s, and says the heavy-duty segment, vehicles weighing over six metric tons, is proving more resilient than an overall global vehicle production downturn expected in 2026. A major new order from long-time partner Daimler Truck for the eActros electric truck covers electric powertrain components manufactured in Europe, and Bosch says one in three newly registered electric trucks in Europe this year will be powered by its electric motor and inverter. Bosch also plans a new joint venture with Brakes India and Wheels India, two subsidiaries of the TSF Group, to develop smart actuators for compressed air generation, compressed air treatment, air suspension, and parking brakes. The company estimates that by 2030 about one in four newly registered heavy-duty trucks worldwide will be climate-friendly, rising to about half by 2035, while it continues to optimize conventional injection systems for standards such as Euro 7.

Global sales of Chinese-made vehicles, including exports, declined by 5.1% year-on-year to 2.712 million units in August 2026, according to wholesale data compiled by the China Association of Automobile Manufacturers. Domestic sales plunged by 24% to 1.702 million units last month, while exports surged by 65% to 1.010 million units from 611,000 units a year earlier. Within the total, light passenger vehicle sales declined by 6.2% to 2.383 million units and commercial vehicle sales rose by 4.1% to 329,000 units, while overall vehicle production fell by 4.7% to 2.684 million units. The market has struggled against strong year-earlier volumes and the withdrawal of some government subsidies and tax exemptions for new energy vehicles at the end of last year, though the vehicle trade-in subsidy programme has been extended until the end of 2026. In the first eight months of 2026, sales of Chinese-made vehicles declined by 3.8% to 20.315 million units, with domestic sales down 22% to 13.162 million units and exports up 67% to 7.153 million units. GlobalData is forecasting a 13% decline in light vehicle sales to 23.4 million units in 2026, down from 26.9 million units in 2025.

Singapore's electric vehicle market is forecast to grow 7.9% annually to reach US$1.17 billion in 2026 and approximately US$1.58 billion by the end of 2030, according to the Databook Q2 2026 Update added to ResearchAndMarkets.com. The market, which grew at a compound annual growth rate of 7.2% between 2021 and 2025, is projected to maintain a 7.7% CAGR from 2026 to 2030, rising from US$1.09 billion in 2025. The report tracks more than 100 key performance indicators across vehicle type, drive type, vehicle class, powertrain, propulsion type, distance range, charging type, charging infrastructure, connectivity and key players. Wider model availability from BYD, Tesla, Hyundai, BMW and Mercedes-Benz is intensifying competition, while the Land Transport Authority has awarded contracts for 660 electric buses to suppliers including ST Engineering Mobility Services with CRRC, BYD, Yutong, and Cycle & Carriage Automotive with Zhongtong. Shell Singapore, SP Mobility and Charge+ are among the companies developing the country's charging ecosystem, and partnerships such as Grab with WeRide and Momenta, and ComfortDelGro with Pony.ai, point to a convergence of electrification and autonomous mobility. Reuters reported that BYD led Singapore vehicle sales during the first four months of 2025, ahead of Toyota and Tesla, with additional Chinese brands including Chery, Deepal and Dongfeng widening consumer choice.

Energy Absolute, or EA, disclosed that the Bangkok E-Bus Programme has delivered greenhouse gas reductions from its 2025 operations totaling 57,327 ITMOs to the KliK Foundation in Switzerland, bringing cumulative deliveries to 108,960 ITMOs. The programme is just one part of EA's Green Energy Ecosystem, which links clean energy, batteries, electric vehicles, charging infrastructure and carbon management together. The Bangkok E-Bus Programme puts more than 2,000 electric buses into service in Bangkok and its vicinity to replace buses running on diesel and natural gas, and the greenhouse gas reductions from actual operations can be measured, verified, certified and transferred internationally under Article 6.2 of the Paris Agreement. Chatpol Sriprathum, Chief Executive Officer of EA, said the programme is a clear example that EA's Green Energy Ecosystem can create value along the entire chain, and noted that ESG is not separate from the core business but is part of the company's growth strategy.

MAHLE has announced it will present sustainable drive solutions at IAA TRANSPORTATION 2026 in Hanover, Germany, from September 15 to 20, 2026, under the theme Electrified. Efficient. Economical. The highlight is a range extender system for electric trucks, an intelligent power generating unit that combines a generator, a combustion engine, thermal management, a fuel tank, an AdBlue tank and exhaust aftertreatment in a single unit. It can be installed directly into existing electric truck platforms. The system delivers 110 kW of continuous electrical power and 130 kW of peak power, can replace roughly one third of existing battery capacity, and cuts total vehicle weight by about 600 kilograms, allowing an electric truck to travel more than 800 kilometers, split between 400 kilometers on battery and 400 kilometers on the range extender. It also reduces carbon dioxide emissions by more than 80 percent, falling to nearly zero when used with the renewable fuel HVO100. In addition, MAHLE is presenting the MCT electric motor, short for MAHLE Contactless Transmitter, for heavy-duty truck drive axles for the first time in the world. It uses no permanent magnets, cutting rare earth usage by up to 3 kilograms per vehicle, delivers a peak output of 370 kW and more than 900 newton meters of torque, and achieves efficiency of up to 95 percent in testing under the VECTO standard, while reducing drivetrain weight by 10 kilograms. Arnd Franz, chairman of the MAHLE management board and chief executive officer, said the market wants electrified solutions that are both cost-effective and practical, and called on governments and policymakers to embrace technological diversity, including battery electric vehicles, hydrogen and renewable fuels. MAHLE currently partners with more than 120 commercial vehicle manufacturers worldwide and aims to grow its commercial vehicle business faster than the market over the next five years.

Toyota Motor is broadening its hydrogen strategy with plans to launch a fuel-cell-powered Hilux in Europe in 2028, targeting corporate fleets and leasing companies rather than mainstream pickup buyers. The hydrogen Hilux is expected to deliver more than 400 kilometers of range and tow up to 2.5 metric tons, though Toyota has not yet disclosed pricing or full production specifications after first showing a prototype in Britain in 2023. Toyota will compete in the Dakar Rally beginning in January 2027 with a vehicle based on the hydrogen-powered Hilux to showcase durability and performance. The launch fits a broader commercial-vehicle expansion in which Toyota Professional is targeting 200,000 light commercial vehicle sales in Europe by 2030, roughly 20% above 2025 levels, while lifting market share to 8% from 6%. Separately, Toyota unveiled a next-generation hydrogen fuel-cell system for heavy-duty trucks, a 300-kilowatt system delivering twice the output and durability of its predecessor while improving fuel efficiency by 20%, which it plans to supply to Scania and Iveco for pilot programs.

Pony.ai unveiled a new Level 4 autonomous heavy-duty truck developed with GAC Commercial Vehicle at IAA TRANSPORTATION 2026 in Hannover, Germany. The vehicle is one model in Pony.ai's Gen-4 Robotruck lineup and is built on GAC Commercial Vehicle's T9 battery-electric heavy-duty truck platform, with volume production scheduled to begin later this year for deployment in long-haul freight, dedicated-route logistics and port transportation. It pairs Pony.ai's Gen-4 L4 autonomous trucking system with GAC Commercial Vehicle's fully redundant drive-by-wire chassis, and carries a fully automotive-grade autonomous driving kit with nine lidars, three millimeter-wave radars and 13 cameras for 360-degree sensing coverage. The bill-of-materials cost of that kit has been reduced by 70% versus the previous generation, while transportation costs per ton-kilometer are expected to fall by 30%, and Pony.ai's energy-efficiency algorithms combined with the T9's 0.4 Cd drag coefficient are expected to cut energy consumption by 10% compared with conventional trucks. The launch extends the companies' partnership from Robotaxi into Robotruck, following a strategic cooperation agreement signed on April 16 that led to vehicle testing and validation within five months, and Pony.ai plans to enter European and Middle Eastern markets over the next two years.

In early trading on September 14, the auto manufacturing sector continued to strengthen. Ankai Bus and Haima Automobile surged to their daily limit up, while Zhongtong Bus, FAW Jiefang, Changan Automobile, and Seres also rose. On the news front, on September 11, the Ministry of Industry and Information Technology and eight other departments issued the 15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry. The plan proposes that by 2030, China's advantages across the entire intelligent connected new energy vehicle industrial chain will be further consolidated, and the country will enter the ranks of the world's automotive powers. In the domestic market, new energy passenger vehicles and commercial vehicles will account for 70 percent and 40 percent respectively of total new vehicle sales in their respective segments, and vehicles with autonomous driving functions will achieve large-scale application. In addition, the plan calls for strengthening early warning and regulation of production capacity, strictly implementing industrial policies such as the Regulations on the Administration of Investment in the Automobile Industry, tightening conditions for new independent new energy vehicle enterprise projects, intensifying lawful mergers, acquisitions, and cross-regional integration of automobile enterprises, deepening the reform of group-based management of automobile manufacturers, promoting the orderly exit of backward and inefficient capacity through market-oriented and law-based means, improving the overall capacity utilization level of the industry, and strengthening early warning and regulatory management of power battery production capacity.

Alstom has signed contracts worth €1.2 billion with TransPennine Express for the supply and long-term maintenance of a new fleet of battery-electric trains, which will be Britain's first mainline battery-electric fleet. The agreements combine a rolling stock contract worth approximately €930 million for 29 five-car battery-electric multiple units with maintenance contracts valued at around €230 million, and the order will be booked in the second quarter of Alstom's fiscal year 2026/27. The trains will be designed, engineered, built and tested at Alstom's Derby Litchurch Lane Works, with manufacturing expected to begin in 2028 and delivery from 2032, supporting more than 350 highly skilled jobs in Derby and over 5,500 roles across Alstom's UK supply chain. The order marks the first deployment of Alstom's Adessia Stream platform in the UK, and Alstom will install charging infrastructure at Hull, Scarborough and Saltburn, a UK-first on the mainline network. The fleet, funded by rail investor Rock Rail, will replace part of TPE's existing Class 185 fleet on services connecting Liverpool, Manchester, York, Hull, Scarborough and Saltburn.

China aims for 70% of new vehicles sold in the country to be electric or hybrid by 2030 under its latest five-year automotive industry plan, drafted by nine government agencies and published on Friday. The 15th Five-Year National Economic and Social Development Plan also targets 40% of new commercial vehicles sold by 2030 to be electric, while expecting several Chinese automakers to rise into the world's 10 largest carmakers and to play a bigger role in setting global automotive industry standards. Currently, BYD, SAIC Motor and Geely Automobile rank among the world's 10 largest automakers by sales last year, but still lag the top three of Toyota Motor, Volkswagen and Hyundai Motor Group. The previous plan in 2021 had targeted EVs and hybrids at 20% of new car sales by 2025, but China far exceeded that goal, with data from the China Passenger Car Association showing the share rose to 54% last year, and new energy vehicles most recently accounting for 65% of car sales in August. Although the plan sets no numerical target for autonomous driving cars, its emphasis on expanding the use of driverless vehicles is a positive signal for the industry, after China suspended approval of new Robotaxi permits for several months this year following system failures in Baidu's vehicles in Wuhan. China's domestic car market is facing challenges, with car sales in the first eight months of this year down 21%, while a prolonged price war erodes manufacturers' profit margins. Beijing has therefore issued more than half a dozen new standards and regulations, covering everything from door handles and driver-assistance technology to batteries, to raise safety levels, and said in the plan that it wants to push forward reform of automakers, encourage mergers and acquisitions, and open the way for inefficient manufacturers to exit the market to ease the industry's overcapacity problem. Battery technology and recycling are another key agenda item, with the plan calling for standards for new forms of battery cell technology such as solid-state batteries, as well as improving the recovery and reuse of key metals including lithium, cobalt and nickel.

The EV Board meeting on September 10, 2026, chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, approved in principle a new restructuring of the electric vehicle excise tax, tying import conditions to actual production investment and setting graduated tax rates according to levels of investment, production, and use of domestic parts. Narit Therdsteerasukdi, Secretary-General of the Board of Investment, in his capacity as a board member and secretary of the EV Board, revealed that the new structure is divided into four groups: fully imported vehicles with no factory in Thailand will face higher taxes; imports by manufacturers with factories in Thailand will have import volumes determined by the economic value created domestically; domestically produced vehicles using a moderate level of local parts will receive rates proportional to that share; and domestically produced vehicles using a high level of local parts, especially key electronic components, will receive the highest benefits. The meeting also approved the appointment of two subcommittees: the first, chaired by the Minister of Industry, will oversee the production chain across the entire life cycle, including used batteries and end-of-life vehicles; the second, chaired by the Minister of Energy, will push for charging stations and improve regulations. It also assigned the Permanent Secretary of the Ministry of Finance to study additional promotional measures for commercial electric vehicles and electric motorcycles. In the first seven months of 2026, battery electric vehicle registrations totaled 126,950 units, up 88% from the same period last year, while xEV registrations combined accounted for 55% of all vehicle registrations. According to BOI data as of August 31, 2026, a total of 189 projects in the EV industry and related businesses have been approved, with investment value of 151.372 billion baht, comprising battery production businesses at 87.073 billion baht, BEV vehicle production at 38.563 billion baht, key parts production at 12.558 billion baht, and electric charging station infrastructure with approved installation plans totaling 23,135 outlets, of which 10,249 are Quick Charge outlets, representing 85% of the target of 12,000 outlets by 2030. Meanwhile, Japanese automakers with existing production bases in Thailand, namely Mitsubishi, Honda, Mazda, and Isuzu, have announced additional investment plans totaling more than 50 billion baht to develop new models and upgrade production lines with automation and robotics, supporting HEV, MHEV, and various forms of electric vehicle technology.

Thermo King, a strategic brand of Trane Technologies, has announced four new models in its all-electric EV series for Asia Pacific: the EV500S, EV500e, EV300e, and EV200e. The new lineup, designed for urban cold chain applications, offers improved energy efficiency, with operating energy efficiency up 8.3% compared to first-generation units. The EV500S and EV500e are suited for urban distribution of fruits, vegetables, fresh e-commerce goods, and pharmaceuticals, while the EV200e and EV300e target high-frequency, short-haul last-mile delivery. The series features the ARCON intelligent control architecture, maintaining temperature within ±0.5°C, and an optional iTracKing II system for two-way remote monitoring and control. Helen Ling, vice president of Thermo King Asia Pacific, highlighted the series' role in advancing sustainable cold chain transport.

Chonburi Concrete Product Public Company Limited, or CCP, announced that it has a backlog of approximately 1.87 billion baht, with an expected revenue recognition of about 50–60% in 2026 and the remainder in 2027. The backlog includes data center projects, reflecting the company's expansion into digital infrastructure. Mr. Arthit DeepakornSukkasem, Managing Director, stated that the overall industry outlook for the second half of the year has improved, particularly in the EEC zone, driven by production base relocations and growing data center investments. The company is focused on developing low-carbon products to support projects prioritizing ESG, and is improving production processes with technology to increase capacity and control costs. Its subsidiary, CHARLIE, plans to expand its chemical container yard, with clarity expected in the second quarter of 2027. Additionally, in partnership with allies, it will assemble 30 electric trucks (EV Trucks) with a battery swap system, with service expected to begin in the fourth quarter of 2026. The company is confident that revenue in 2026 will grow by no less than 10%.

Sensata Technologies has introduced OmniNode, a patent-pending, off-the-shelf high-voltage power distribution solution for commercial electric vehicles, consolidating multiple functions into a single platform. The system integrates switching, protection, sensing, diagnostics, communications, and charging to help OEMs reduce engineering complexity and accelerate validation. Designed for battery electric on- and off-road commercial vehicles, including Class 5 and above trucks and buses, OmniNode supports scalable electrification programs with a standardized approach. Brian Wilkie, Executive Vice President and President of Aerospace, Defense and Commercial Equipment at Sensata, said the solution helps engineers simplify power distribution architecture and bring greater consistency to vehicle platform design. The product combines proven technologies from Sensata's portfolio, including contactors, fuses, and current sensors, and is available now.

Energy Pure or EA is preparing to bid for clean energy power plants under the PDP 2026 plan and is interested in doing Direct PPA with data centers, after banks resumed lending. Meanwhile, the EV manufacturing plant in the NEX group has returned to full production capacity due to orders for 1,520 electric buses from BMTA and the first batch of electric vans in Phuket has been fully booked.

Energy Absolute (EA) has revealed that its electric vehicle business will be a key driver of its Q3 2026 performance. The company will begin mass production of electric buses for the Bangkok Mass Transit Authority (BMTA) this September, with deliveries of 1,520 units expected to be completed by Q2 2027. Meanwhile, in its renewable energy segment, EA plans to commence commercial operation of the Phuket Waste-to-Energy project (8 MW) in 2027, followed by two wind power projects in 2028-2029. The company also intends to test SAF-HVO fuel in Q1 2027. EA remains focused on reducing its debt burden through refinancing and views SMR technology as a future opportunity, though it will continue to monitor related policies.

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale hydrogen truck deployment by 2030, as Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, and MB Energy join forces with German policymakers to commercialize hydrogen-powered mobility. The collaboration will deploy hydrogen refueling stations along key strategic corridors in Europe, synchronized with hydrogen-powered truck fleets and a competitive hydrogen price, enabling customers to achieve a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on September 15.

Next Point or NEX signals a recovery in the second half of the year, confident that sales will grow better than in the first half, benefiting from orders for electric tractors and new models that are being delivered gradually. Meanwhile, the company is accelerating the management of trade receivables of 2,300 million baht and inventory of 1,200 million baht to convert them back into cash flow. As for the BMTA bus project of 1,520 buses, it is still progressing according to plan and is on track, with full delivery expected within the first half of 2027. The company recently acquired Thai EV for 149.95 million baht through a share swap to complete its range of small and medium-sized EV products, and is preparing to deliver the premium MPV model BW M8 Flagship, targeting first-year sales of 1,000 units, as well as Sinotruk trucks that will begin delivery in the fourth quarter of this year.

Investor Ross Gerber, co-founder of Gerber Kawasaki Wealth Management, said Tesla Inc.'s Robotaxi network will grow but warned it may not scale soon enough. In a post on X, Gerber noted that Tesla's robotaxis currently serve about 400 square miles out of 3.5 million square miles in the USA, calling the potential for expansion "good news" but adding that "bad news is we're all getting older waiting for this to happen… much older." Tesla is set to hold the launch event for its Cybercab in Austin, Texas, on Thursday, a vehicle without a steering wheel or pedals that seats two passengers. Separately, investor Gary Black of The Future Fund expressed skepticism about Tesla's autonomous vehicle business, and Tesla secured a 500-unit order from Swedish autonomous truck operator Einride AB for its Semi Truck, with deliveries of 75 units expected before year-end.