Search Results for: germany-vw-weighs-asset-sales-including-manscania-and-end-empire-building

2021-12-19

TSMC in Early Talks on Germany Plant

Erik Martin
Erik Martin

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks with the German government about potentially establishing a plant in the country, according to a senior executive.

Various factors, including government subsidies, customer demand and the talent pool, would influence its final decision, TSMC senior vice president of Europe and Asia sales Lora Ho (何麗梅) told reporters on the sidelines of a technology forum in Taipei.

The discussions come as the EU and others seek to increase domestic chip production to mitigate the risk of supply chain disruptions.

The chipmaker has not discussed incentives with Berlin or decided on a location, Ho said.

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2020-05-23

Russia: Assembly of Electric GAZelle LCVs Started in Germany

Sales of electric version of GAZelle Next LCV have begun in Germany. Stuttgart company EFA-S is modifying Russian vehicles. The assembly started this year.

Maxim Sakov
Maxim Sakov

The German company purchases LCVs in Russia without transmission, engine and fuel system. Then in Stuttgart they install an electric motor and battery.

Currently, four versions of the electric vehicle are available – a side truck, a wagon, a 2-cabin wagon and a mini-bus. All LCVs are powered by a 110 kWt electric motor and can reach a speed of 88 km/hour.   

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2024-03-17

Van Hool To End City Bus Production in Belgium

GLOBAL REPORT
Chris Fisher
Chris Fisher

Van Hool has announced its exit from the City Bus business and focus on Hydrogen fuel cell coaches which appears to have been a serious miscalculation.  As the market transitions away from internal combustion engine buses toward battery electric buses, Van Hool has been left behind.

Van Hool recently lost a bid for 300 electric city buses to BYD which assembles their buses in Hungary at a lower cost than Van Hool could manufacture these in Belgium.  It was reported that the BYD bid was approximately 20% less than the Van Hool bid. This along with other issues will result in Van Hool ending most if not all of their bus and coach operations in Belgium and transfer the bus and coach making activities to their assembly plant in Macedonia. 

However, Van Hool will need a significant cash infusion in a short period of time to cover the cost of their existing debt and the coming redundancy payments in order to stave off insolvency.

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2023-11-16

Could Toyota’s Ammonia Engine Bring the End of EVs?

The technology is the result of a collaboration of Toyota with the GAC Group, a Chinese state-owned manufacturer. The ammonia engine is a form of internal combustion engine (ICE) powered primarily by ammonia, (ammonia is comprised of a nitrogen atom and three hydrogen atoms). It does not contain carbon. As a result, when it’s burned in an ICE, it does not release carbon dioxide, one of the major greenhouse gases. In the effort to decarbonize, the potential of this type of technology is considerable.

Source: Hydrogen Fuel News: Read The Article

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2023-10-24

Malaysia’s Proton Considers Building EV Plant in Thailand

SOUTHEAST ASIA: MALAYSIA REPORT
Akihiro Komuro
Akihiro Komuro

Malaysian state-owned carmaker Proton is considering building an EV plant in Thailand, according to reports from Thailand government officials. The Thai government has long focused on promoting related industries.

At a joint press conference with the Prime Minister of Malaysia, where he is visiting, the Thai Prime Minister said, “I hope we can confirm clear steps to invite the plant and proceed quickly,” and indicated that he plans to work out the details with the parties involved soon. The amount of investment and production capacity were not disclosed.

Proton was established in 1983 as a national policy to revive Malaysia’s automotive industry. Currently, the company is rushing to switch to EVs after receiving an investment from Geely, a private Chinese automotive giant.

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2021-06-27

Rostselmash Starts Building Tractor Plant in Rostov-Don

Maxim Sakov
Maxim Sakov

Russia’s largest maker of AG machines – Rostselmash Group of Companies – in July 2021 starts construction of a tractor plant located near Rostselmash’s main production site. Rostselmash plans to invest US$ 66 million (5 Bln Rubles).

Construction must be completed within two years, and the plant will reach its annual production capacity of 3,000 units in 2023.

The plant will consist of a production building of 62,000 sq. meters, and a building for engineering and commercial departments. Total territory of new plant will reach 14 hectares. Rostselmash plans to assemble five tractor models with rigid and articulated frame.

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2020-12-21

Haval Starts Building Motor Plant in Russia

Maxim Sakov
Maxim Sakov

Construction of the new Haval plant is based on an investment contract. The new plant, which is scheduled to start production in 2022, Haval is expected to increase localization of its cars.

The plant is located in Tula region, and its production should be enough to produce engines for more than 90% of the Haval cars sold in Russia.

Investment in the project is estimated to be about US$ 55 million (4 billion Rubles). Planned annual production capacity is 80K engines.  

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PSR Analysis: This event is an example of the strategy to develop relationships between the Russian government and large international OEMs. Large car makers are allowed to sell their product in Russian market while they bring production capacities (and technologies) into the country.    PSR

Maxim Sakov, Market Consultant – Russia Operations for Power Systems Research