Search Results for: india-fuso-expands-line-new-models-thailand

2023-06-19

Hino Motors and Mitsubishi Fuso To Merge

FAR EAST: JAPAN REPORT

The announced reorganization of several commercial vehicles companies came suddenly and was one that few in the industry expected.

On May 30, Toyota Motor Corporation and Daimler Trucks of Germany announced a business merger between Toyota-owned Hino Motors and Daimler-owned Mitsubishi Fuso Truck and Bus Corporation. The merger is expected to be completed by the end of 2024.

The four companies have reached a basic agreement that calls for Toyota and Daimler to establish a holding company by the end of 2024 with the aim of going public. Hino Motors and Mitsubishi Fuso will become part of the holding company. Toyota and Daimler will hold the same percentage of shares in the holding company, and Hino Motors will cease to be a consolidated subsidiary of Toyota after the merger.

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2021-06-27

GWM Opens Smart factory in Thailand, Renovates GM’s Factory

Akihiro Komuro
Akihiro Komuro

China’s Great Wall Motor (GWM) has announced the official opening of a plant in Thailand. The company acquired the plant from General Motors (GM) in 2020 and has been working to make it smarter by installing advanced AI-based equipment. It is the company’s first smart factory to be opened in Southeast Asia. The amount of investment for the renovation has not been disclosed, but the company has indicated that it plans to invest 22.6 billion baht (about 79 billion yen) in Thailand.

The production capacity is 80,000 units per year, and it is expected to produce HVs first. In the future, the plant will also produce EVs. The company plans to allocate 60% of the vehicles produced to the Thai domestic market and 40% for export to neighboring countries in Southeast Asia and Australia.

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2020-05-24

South Korea: Hyundai and Kia Expand EV Models

According to the Hyundai Motor Group, both Hyundai and Kia plan to offer 44 eco-car models by 2025, more than half of which will be dedicated to EVs (23 models).

Akihiro Komuro
Akihito Komuro

Hyundai revealed in its 2025 strategy announced at the end of last year that it would increase EV and FCV sales to 560,000 and 110,000 units respectively. Kia has set a goal of selling 500,000 EVs and 1 million eco-cars by 2026, with 11 EV models available across all vehicle classes by 2025.

Source:            Yonhap News Agency

PSR Analysis: At present, both vehicle production and exports fell significantly in April due to the impact of COVID-19. In April, production fell 22.2% YOY and exports fell 44.3% YOY. But when we look at eco-cars, exports and domestic sales increased by 11.5% and 28.3% respectively.

Even during the predicament caused by the new coronavirus, the eco-car ratio is showing an increasing trend. Exports of EVs jumped 94.6% to a record 9,761 units. Of course, the entire South Korean auto industry is badly hurt by the ongoing corona shock.

However, even against this huge drop, Korean-branded eco-cars, including EVs, may be beginning to gain international recognition. Growth in external demand for these eco-cars will be a prerequisite for the recovery of Korean automobile production in the future. PSR

Akihiro Komuro is a Research Analyst, Far East and Southeast Asia, for Power Systems Research

2022-01-22

Autotor To Produce Two Models of Electric Cars in 2023

RUSSIA REPORT

Autotor said it plans to start mass production of electric cars next year. One of the new models will be a city car for young drivers, and second one will be a car for people with limited liabilities.

The OEM already has developed a concept vehicle with the designers from Europe, and there are plans to assemble a test lot of several thousand electric vehicles in 2023. Three possible OEMs are considered as partners in the venture:  Kia, Hyundai and BMW.

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PSR Analysis: Considering that there is almost no market for electric passenger cars in Russia, the OEM can expect limited demand for these new cars. And without massive development of a charging infrastructure, there will be no chance for this market to develop. Additionally, climate conditions also add problems for electric car owners and reduce their sales potential. PSR

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

2023-09-21

The Hydrogen Stream: Hydrogen Buses Less Efficient than Battery Models

Eurac Research scientists have analyzed data from 21 fuel cell electric buses (FCEB) and battery electric buses (BEB) in Italy, comparing efficiency, consumption, temperature sensitivity, distances, and cost, and they discovered that Hydrogen buses’ tank-to-wheel (TTW) efficiency is lower than battery electric buses, indicating higher consumption variation for BEBs.

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2022-03-20

KAMAZ Changes Truck Models Following Daimler’s Exit from Russia

RUSSIA REPORT

March 10, 2022—The KAMAZ plant, which was hit by sanctions, has production orders only until the end of March. Currently, the OEM is working through orders for April and May, according to a company official. Company operations are linked to supplies from Europe, which have been halted, he said.

He also added that production continues, but changes in model range cannot be avoided. The main efforts of the OEM will be concentrated on deeper localization of trucks and rearranging production using local components.

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2019-08-27

SOUTHEAST ASIA: THAILAND, INDONESIA REPORT

Thailand May Become New Car Sales Leader in 2019

New car sales from January to June in six major countries in Southeast Asia were 1.7 million, unchanged from the same period of the previous year.

Thailand and Indonesia are the two major markets. Thailand, where consumption is strong, increased by 7% year-on-year, while Indonesia, which faces a decline in resource prices, decreased by 13%. Thailand could be ranked first this year for the first time in six years.

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