Search Results for: why-paccar-staying-out-china-now

2022-01-22

Japan Could Miss Out on Southeast Asia’s Shift To EVs

INDONESIA AND THAILAND REPORT
Akihiro Komuro
Akihiro Komuro

Competition in the development of EVs is fierce, and the momentum for their introduction is growing in Southeast Asia. While Chinese and Korean manufacturers are aggressively entering the market, Japanese manufacturers, which hold an 80% share of the new car market, have not made any significant moves.

Although the COVID-19 disaster has brought the market to a standstill, Southeast Asia, with a population of 660 million and a rising middle class, will continue to be a promising growth market.

A proactive EV strategy is required to protect the current market dominance. In Indonesia and Thailand, the two largest markets in the region, Japanese cars have a 90% share of the market. However, it is only the Chinese and South Koreans who are providing the buzz about EVs.

In Indonesia, South Korea’s Hyundai Motor Co. will begin producing EVs in March at its completed vehicle plant that recently went into operation. For the time being, it will rely on imports for key components, but it is building a plant for mass production of onboard batteries in collaboration with LG Group, another Korean electronics giant.

In Thailand, China’s SAIC Motor Group and Great Wall Motor have already started selling EVs. The latter plans to start mass production of EVs in 2023 at a plant it acquired from GM in the US. Compared to China and South Korea, which are trying to secure a scale of production with an eye to exports, Japan is generally cautious, with Toyota and Mitsubishi considering local production of EVs in Thailand starting in 2023.

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2023-06-19

CARB Is Phasing Out Heavy Trucks

NORTH AMERICA REPORT
Chris Fisher
Chris Fisher

In April, the California Air Resources Board (CARB) voted unanimously to finalize its Advanced Clean Fleets rule that requires all new medium- and heavy-duty vehicles sold or registered in the state of California to be zero-emission by 2036. 

Among these requirements is a new 2036 target for an end to diesel truck sales. This was lowered from an early 2040 target, with the thought that 2040 would be too late to reach California Governor Gavin Newsom’s goal for 100% zero-emission medium- and heavy-duty vehicles by 2045. 

The 2036 target is only one year after the 2035 target for passenger cars.  Also in the rule, state and local agencies must purchase 50% ZEV by 2024, and 100% ZEV by 2027.

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2022-09-29

EV Shipping Set To Blow IC Engines Out of the Water

ALTERNATIVE POWER REPORT

Researchers from the University of California, Berkeley, and Lawrence Berkeley National Laboratory have released a study which examines “the technical outlook, economic feasibility, and environmental impact of battery-electric containerships.” By modelling 5 to 10 GWh electrified containerships, they found that 40% of routes today could be electrified in an economically viable manner, before considering environmental costs.

Using only technology available for purchase today, nearly all ships with routes shorter than 2,000 kilometres are economically advantageous, and ships with routes as long as 3,000km are economically viable.

Source: PV Magazine Read The Article

PSR Analysis: Ships transport more than 10 billion metric tons of cargo each year, including clothing, electronics, and oil, and almost all of these ships run on fossil fuels, so they emit a lot of carbon pollution. Maritime shipping causes about 3% of global greenhouse gas emissions. As the costs of large ICE containerships continue to rise electrified containerships become increasingly cost effective. Electrified containerships are 80% more efficient than their ICE counterparts, and use 30% less energy overall.    PSR

Guy Youngs is Forecast & Adoption Lead Analyst at Power Systems Research

2020-07-26

Rural Economy Helping Ride Out COVID Impact

With extended lockdowns in most parts of India, the production of all non-essentials was at a halt or at minuscule levels in April and May until the economy was unlocked. This move reduced demand in the short-term, but owing to intrinsic domestic demand, we are optimistic about future business expectations

Aditya Kondejkar

Better Outlook of Rural Economy

However, hope has arisen from India’s rural part as the agriculture sector appears to have been relatively less impacted by the lockdown. This part of the country never truly went into a harsh lockdown, and thus procurement, harvest, and consumer activities have remained unaffected. Farming continued during the lockdown, especially for rice and wheat cultivation. The return of migrant workers caused a surplus of agricultural labor. This resulted in the fact – more land was brought under cultivation than ever before. As a result, the country has witnessed a good season of rabi harvest.

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2021-09-26

Volvo To Produce Trucks in China in 2022

Jack Hao
Jack Hao

Volvo Trucks expects to start production of the new heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks in Taiyuan for local customers in China late next year.  Volvo Trucks has agreed to acquire a subsidiary of China’s Jiangling Motors Co to produce trucks for the local market starting late next year. JMC Heavy Duty Vehicle Co, which includes a manufacturing site in Taiyuan, capital of North China’s Shanxi province, will be purchased for $120.4 million (780 million yuan), said the Swedish truck maker.

Source:  China Daily     Read The Article

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2021-01-25

VW To Build $3 Billion EV Plant in East China

Jack Hao
Jack Hao

VW China has increased its share in the electric vehicle joint venture JAC Volkswagen to 75% and obtained joint venture management rights. At the same time, it has obtained a 26% stake in the EV battery maker Gotion High-Tech to support the future electrification of the group. The total investment of the above two projects is estimated to be about €2 billion.

The plant, which has an estimated investment of US$3.06 billion (20 billion yuan) from both Volkswagen and JAC Motors, will be finished by the end of 2022, and its first vehicle will roll off the assembly line in 2023.

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