SUMMARY: Gen-set sales experienced a sharp increase in Q3 2017 with overall sales up 21.8% over Q2 2017 levels due to demand from hurricanes Harvey and Irma. This increase follows Q2 2017 where dealer reported sales were up 1.8% relative to Q1 2017 levels.
Volvo CE and Case Construction are aligned to affirm CE sales in Brazil will grow 20% in 2021 despite of the effects of the pandemic. With 18% growth of sales in Q1 2021 over the same quarter of 2020, CE executives are optimistic about full year sales.
Source: M&T Read The Article
PSR Analysis: First quarter of 2020 was a strong sales quarter over 2019 because the pandemic impact was not present until March 16, 2020.
This makes the result of Q1 2021 18% above Q1 2020 really strong and makes executives optimistic about FY 2021 results. In addition to that, the foundation of the segment is robust, with the construction industry activity growing because of strong housing demand, infrastructure bids being restarted and mining growing significantly. PSR
Fabio Ferraresi is Director-Business Development, South America, for Power Systems Research
SUMMARY: Considering sales across all power ranges, gen-set sales gathered some momentum in Q2 2017, up 1.8% compared to Q1 2017 levels. This increase follows Q1 2017 where overall dealer reported sales were down 5.5% relative to Q4 2016 levels.
The symposium of battery change mode for new energy vehicle was held June 15 in Xuzhou, Jiangsu. Data from National Big Data Alliance of New Energy Vehicles suggests that over 3 million new energy vehicles were in the system in 2019 and 900,000 vehicles are running daily. Data also suggest that new energy vehicle GVW range primarily falls under 4.5 tons.
Source: Sohu Read The Article
PSR Analysis: Many numbers are in the article, some contradictory. As one of the truck OEMs, XCMG does make some excellent points on the daily use of the battery-powered vehicle, using data collected from end-users, such as working hours, range anxiety and surprisingly, maintenance and downtime.
But I want to point out one potential issue that might travel under the radar: operating cost, more specifically, fuel cost. For large fleet owners like JD.com Inc. or SF Express, fuel cost might be a key factor in choosing a battery-powered vehicle over ICE-powered vehicle for urban delivery.
There are energy companies already working with large industrial businesses to install wind or solar power onsite to address their electricity bill issue. Once completed, giant companies like JD or SF Express will significantly cut down their operating expenses on fuel, in this case, electricity.
There is one game changer out there now. How will ICE-powered light duty trucks compete with battery-powered vehicles, when the latter runs free of charge and free of emission? What will happen to all the components suppliers for light duty trucks, especially urban delivery trucks? PSR
Qin Fen Is Business Development Manager in China for Power Systems Research.
A new contract to supply battery electric vehicles to the Jansen potash project (potentially the world’s largest potash mine) expects to cut carbon emissions in half compared to its peers. BHP’s Jansen potash project is expected to be the largest of its kind, with initial capacity forecasts of 4.3 to 4.5 Mtpa. Potash is the most commonly used potassium fertilizer, but over 70% is based on conventional underground mining that uses heavy-duty equipment to extract it. Although underground mining releases half the CO2 emissions of open-pit mining, the company is reducing emissions further by introducing several battery electric vehicles.
Source: Electrek: Read The Article
SUMMARY: Considering sales across all power ranges, gen-set sales were off to a slower start in Q1 2017, down 5.5% compared to Q4 2016 levels. This decrease follows Q4 2016 where overall dealer reported sales were flat relative to Q3 2016 levels.
The outlook for global truck production in the class 4-8 looks very promising for 2018 as it continues a strong growth pattern established in 2017. Even previously struggling countries such as Russia, Brazil and Turkey saw very positive signs in 2017 and are looking for continued growth this year. North America and Europe also are expected to have a good year in 2018.
The pandemic bike boom boosted e-bike sales 145% from 2019 to 2020, more than double the rate of classic bikes, according to the market research firm NPD Group.
Research by Power Systems Research estimates the global e-bike market size at US$ 23.2B in 2022 and expects the market to reach US$ 78B by 2030, exhibiting a CAGR of 10.5%.
E-bikes are bicycles equipped with electrical motors for transforming electrical energy into mechanical energy to assist pedaling. They use rechargeable batteries that require minimum maintenance and provide power to the motor.
The growing popularity of powersports is expected to provide many new opportunities ln this rapidly growing market. Some of the trends fueling this long-term growth potential are:
Growing/changing market for utility-terrain vehicles (UTVs).
The new national standard for automotive emissions, scheduled to be implemented July 1, 2023, could boost China’s auto industry, say industry insiders.
The Ministry of Ecology and Environment, the Ministry of Industry and Information Technology, and other departments recently issued a joint notice proposing that the National VI Emission Standards for automobiles (National VI B) be implemented nationwide July 1, 2023.
Industry insiders believe that the implementation of the new regulations will drive car companies to accelerate technological upgrading, thereby achieving green and low-carbon development of the automotive industry.
Monthly news and analysis from PSR’s experts
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