Funding rounds, capital investment or financing; exclude mergers and acquisitions.
GM plans US sodium-ion battery production with Peak Energy
General Motors is developing sodium-ion battery cells with Peak Energy for energy storage, targeting commercial production around 2029. It is also investing $900m in US battery laboratories and aims to build domestic cell supply for future electric vehicles.
Motive secures more than $1.3bn to scale AI fleet platform
Motive has secured more than $1.3bn in growth financing from General Catalyst’s Customer Value Fund. The funding will advance its AI platform, expand go-to-market teams and extend services for organisations operating fleets and other physical operations.
Boring Co raises $3bn to fund UAE tunnel expansion
The Boring Co has raised $3bn at a $23bn valuation, led by the UAE, where it plans to build more than 150km of passenger tunnels. The funding will also support expansion of its Las Vegas Loop and other projects.
Ford invests $1bn in new paint shop at Kentucky Truck Plant
Ford will invest $1 billion to replace and modernise the paint shop at its Kentucky Truck Plant, which produces Super Duty trucks and large SUVs. Construction is due to begin later this year.
US battery funding faces China's supply-chain lead
The US has awarded $500 million to seven battery-minerals, materials, manufacturing and recycling companies, but analysts say far greater investment is needed to challenge China's dominance of refining, battery materials and cell production.
Li Auto to roll out proprietary batteries across its vehicle range
Li Auto will fit its proprietary 5C ternary batteries across its range as CATL reserves run low. The company is also investing ¥2.65bn in Sunwoda EVB, taking an indirect 11.17% stake and strengthening its in-house battery supply strategy.
GM and Ford pursue defence vehicles and energy-storage growth
GM and Ford are expanding into military vehicles and energy storage to diversify beyond slowing vehicle sales and repurpose underused EV-battery capacity. GM has secured US defence contracts, while Ford plans a $2bn energy business and a UK defence partnership.
Volkswagen approves plan for 100,000 job cuts and factory restructuring
Volkswagen has approved its Future Plan 2030, including 50,000 additional job cuts, a 50% reduction in model variants and potential alternative uses for four German plants. The carmaker plans to invest billions as it responds to tariffs, excess capacity and Chinese competition.
PlusAI targets 2027 autonomous truck launch with up to $300m SPAC funding
PlusAI has agreed to merge with Texas Ventures Acquisition III in a deal that could provide up to $300m for its Level 4 autonomous heavy-truck programme. The funding is intended to support OEM integration and a factory-built truck launch targeted for 2027.
Chery plans 2027 real-world tests for solid-state batteries
Chery will begin vehicle verification of solid-state batteries in 2027, following development of cells reaching 400 Wh/kg. The automaker plans to invest 10 billion yuan in the technology and will start installing semi-solid battery packs in vehicles in late 2026.
A$22.2m rural road safety upgrade programme announced for NSW
More than A$22.2 million will fund safety upgrades at rural crash-risk locations across New South Wales through the 2026–27 Black Spot Program, as part of A$45.1 million for 82 sites statewide.
Cofiroute raises €500m through bond issue
French motorway operator Cofiroute has successfully placed a €500m bond maturing in February 2033, carrying a 3.875% annual coupon. The issue was 2.6 times oversubscribed and will extend the average maturity of its debt.
Hyundai plans $26bn US expansion and higher Georgia plant capacity
Hyundai Motor Group plans to invest $26bn in the US by 2028, potentially raising its Georgia plant’s capacity to 700,000–800,000 vehicles. It aims to produce at least 80% of vehicles sold in the US domestically by the end of the decade.
Federal grants fund $305m of I-70 freight-corridor upgrades
A Transportation Construction Coalition case study details three federally funded I-70 projects in Colorado, Missouri and Ohio. The works include capacity and safety improvements, a new river bridge and connected-vehicle and weather-detection technology.
CATL to become China’s largest heavy-truck battery-swapping operator
CATL has agreed to acquire a 24.8726% stake in Qiyuan Green Power, China’s largest heavy-duty truck battery-swapping network, for 2.56 billion yuan. The deal will combine Qiyuan’s rear-mounted system with CATL’s chassis-based Qiji technology and network expansion plans.
SAIC investment brings advanced EV technology to more affordable models
SAIC’s global investment in electric vehicles, batteries and software is accelerating the rollout of advanced technology across more affordable models. MG says this is reshaping expectations for Australian buyers and fleets, while its pipeline includes semi-solid-state batteries, steer-by-wire and AI-enabled vehicles.
US awards $500m for critical-mineral and battery supply-chain projects
The US Department of Energy has selected seven projects for $500m in funding to expand domestic critical-mineral processing, battery manufacturing and recycling capacity, including lithium, cobalt and advanced anode-material facilities.
Hyundai plans to raise Georgia plant capacity to 800,000 vehicles by 2028
Hyundai plans to increase annual capacity at its Georgia Metaplant from 500,000 to 700,000–800,000 vehicles by 2028. The expansion forms part of a $26bn US investment plan and will support hybrid and electric vehicle production.
Australia commits $400m to reforms supporting electric heavy trucks
Australia has committed $400m to heavy-vehicle reforms aimed at improving freight productivity and accelerating electric-truck uptake by expanding charging infrastructure access and easing curfew and weight-limit restrictions.
A Plessas Transport expands UK container fleet with 24 KRONE chassis
A Plessas Transport has ordered and taken delivery of 24 KRONE container chassis, including FS10 sliding chassis and eLT3-40 straight frames, to expand its UK-wide container haulage fleet. Three further FS10 chassis are on order.
Cambridge self-driving bus programme secures £3.88m funding
The Greater Cambridge Partnership has secured £3.88m in UK government funding to extend self-driving bus trials, including a planned deployment on Cambridgeshire’s guided busway. The Commercialising Connector project will assess safety, accessibility, ticketing and customer experience ahead of potential commercial services.
DTNA Evaluates Sites for New US Truck Assembly Plant
Daimler Truck North America is evaluating US sites for its largest truck assembly plant, due to open in 2029. Construction is expected to start in late 2026 as the company expands capacity and prepares to close its Portland factory.
Uber gives weaker third-quarter outlook while committing $10bn to AVs
Uber reported second-quarter revenue of $14.19bn and total bookings of $58bn, but issued weaker-than-expected third-quarter bookings and earnings guidance. It also expects to commit more than $10bn to commercialise autonomous vehicles at scale.
British Columbia awards C$4.52m contract for three truck chain-up areas
British Columbia has awarded a C$4.52 million contract for three truck chain-up areas on Highways 37 and 37A. The facilities, due for substantial completion in autumn 2026, aim to improve winter safety and reliability for commercial traffic.
Ponsse invests in Swedish service centre and global training facility
Ponsse has invested in its Surahammar service centre in Sweden, adding a globally oriented training centre, accommodation and upgraded facilities. The investment supports service-network expertise, cooperation with forestry schools and customer support across 22 Swedish locations.
Terminal raises $20m for fleet telematics data platform
Toronto-based Terminal has raised $20 million in Series A funding to expand its platform, which aggregates and standardises data from more than 325 telematics providers for fleets, insurers and logistics companies.
Commission opens €1.5bn funding call for European EV battery plants
The European Commission has opened a €1.5bn interest-free loan competition for first commercial-scale EV battery-cell plants in the EEA. Projects can receive up to €500m, with applications closing on 30 September 2026.
Mullen Group reports record quarter and raises 2026 capital budget
Mullen Group reported record second-quarter revenue and earnings, raising its 2026 capital budget by C$50 million to prepare for freight growth and potential nation-building and Alaska LNG projects.
Manheim invests hundreds of millions in Australian auction facilities
Manheim Australia is investing hundreds of millions of dollars in new auction, storage and vehicle-processing facilities in Brisbane, Sydney and Melbourne, expanding capacity and introducing upgraded inspection, imaging and online auction technology for fleet and salvage remarketing.
New York offers $8m for hydrogen and alternative-fuel projects
New York’s NYSERDA is offering $8m for developers, manufacturers and researchers working on hydrogen, ammonia and other low-carbon fuel technologies for heavy-duty transport and other hard-to-electrify sectors. Projects require at least 50% non-state cost share.
Australia Post to expand electric delivery fleet with A$40.5m grant
Australia Post will use a A$40.5 million federal grant to expand its electric delivery fleet, including vans, rigid trucks and prime movers. The investment will also fund depot chargepoints and electrical upgrades, with the rollout expected to cut diesel use by about one million litres annually.
NextGO Epi raises €2m for gallium oxide wafer production
Berlin-based NextGO Epi has secured €2m pre-seed funding to advance production of industrial-quality gallium oxide epitaxial wafers, has generated initial revenue from international customers and the funding has been earmarked to support development, staffing and commercial expansion.
EU approves €659m German funds for four semiconductor plants
The European Commission has approved €659 million in German state aid to support four first‑of‑a‑kind semiconductor facilities, with funding intended to expand manufacturing capacity, strengthen the EU value chain and address identified investment gaps.
Chinese automakers lead global EV factory investments
Chinese automakers have outpaced US firms in announcing and building overseas EV and battery factories, driven by domestic saturation, strong foreign demand and tariff-related market access, while estimates of investment magnitude have varied among analysts.
IH-MIE opens €1.8m call for hydrogen mobility innovation
IH-MIE will launch a €1.8 million open call on 3 July 2026, offering up to €60,000 per project plus technical and business mentoring for hydrogen mobility innovation. Applications close on 25 September.
Wayve employees sell $85m of shares in landmark private-market deal
Wayve employees have sold $85m of shares through the London Stock Exchange’s Private Securities Market, in the first employee share sale on the platform and its largest transaction under the FCA’s PISCES framework.
Rivian announces 75m share offering; shares fall
Rivian has announced a 75 million-share public offering and has seen its stock fall over 10%; it has stated proceeds are intended to fund equity contributions for a US Department of Energy loan and has pre-released second-quarter guidance.
Toyota to shift Tacoma production from Mexico to Texas
Toyota has announced a $3.6bn investment to relocate Tacoma production from Mexico to its San Antonio plant, has said it would create about 2,000 US jobs and has committed to expanding capacity to roughly 350,000 units by 2030.
Construction begins on Ponsse’s €10m Vieremä factory extension
Ponsse has begun construction work on an approximately €10m extension to its Vieremä factory in Finland, intended to improve productivity, production flexibility and operational efficiency.
Infineon opens largest power semiconductor plant in Dresden
Infineon has opened a €5bn power semiconductor plant in Dresden, has received nearly €920m in European Chips Act funding, has increased regional production capacity and has been expected to double Dresden output and create about 1,000 specialist jobs.
Australia funds planning for M1 Pacific Motorway upgrades
The Australian and New South Wales governments will each provide A$15 million to plan upgrades between Tweed Heads and Byron Bay, including traffic modelling, designs and economic analysis for intersections, freight and public transport improvements.
NSW Budget funds major rail infrastructure and reliability upgrades
New South Wales’ 2026–27 Budget allocates billions to Parramatta Light Rail, Sydney Metro expansion and Sydney Trains reliability, including maintenance, staffing, signalling, power and station upgrades.
Superlight raises US$21m for middle-mile electric vehicle
Superlight has raised US$21m in an oversubscribed Series A and has said it has allocated the proceeds to complete a UK factory, support initial UK and EU sales, and develop homologated OV-1 middle-mile electric trucks with a fully digital powertrain.
EU launches €1.1bn CEF Transport funding call
The European Commission has launched the 2026 CEF Transport call, offering €1.1bn for sustainable and smart TEN-T projects, including rail, inland waterways and electrification of road haulage and airports. EU, Ukrainian and Moldovan bodies are eligible.
Momenta files for HKEX IPO after listing hearing
Momenta has passed its HKEX listing hearing and has filed listing materials, has reported 2025 revenue of 2.41 billion yuan and a 3.46 billion yuan net loss, and has outlined plans to use proceeds for R&D and robotaxi expansion.
Renault Trucks to open 46,000 m² spare-parts hub in Lyon
Renault Trucks has begun construction of a 46,000 m² spare-parts distribution hub near Lyon, has committed €132 million and has positioned the energy-positive facility to speed parts delivery and support electric vehicle battery storage.
Queensland $119bn capital program to use Australian steel
The Australian Steel Institute has welcomed Queensland's 2026–27 Budget, which has included a $119 billion capital program and a $55 billion transport investment, and has highlighted the infrastructure pipeline and has called for streamlined procurement and collaboration.