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Power Systems Research (PSR) is an international research company headquartered in St. Paul, Minnesota, USA. PSR has offices or staff in seven global regions, including China. PSR analysts have been compiling and analyzing global vehicle, equipment and powertrain data since 1976; data which can be used to develop targeted forecasts by industry segment and region.
Our experienced analysts, including our team in China, work with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile model-level data that is considered the leading source of global information on engines, drivetrains and powered vehicles and equipment. Whether you need detailed global data, forecasts or customized local market studies, our business development team can work with you to help you find the Data, Forecasting and Solutions you need to succeed.
Weichai Power and BYD have agreed to jointly produce power batteries in Shandong, and to cooperate in programs to develop EV commercial vehicles. On May 23, the companies signed an agreement to build a research and development and manufacturing base for power batteries, continuously strengthen the new energy industry chain, innovation chain, and value chain, and make positive contributions to promoting the industrialization development of China’s new energy commercial vehicles.
Weichai Power is the largest manufacturer of diesel engines in China. Since 2010, Weichai Power has set a strategic goal of leading the global industry development in the new energy business by 2030. Weichai Power has invested more than 4 billion yuan in this effort. It has strategically restructured the Canadian Ballard hydrogen fuel cell, the British Siris solid oxide fuel cell, and the Swiss rapid air compressor, developed the first hydrogen internal combustion engine heavy truck in China, comprehensively laid out the three technical routes of pure electric, hybrid power, and hydrogen fuel cell, and dispersed the risks brought by the uncertainty of industrial development with the investment strategy of coexistence of multiple technical routes.
Beijing Foton Motors and Cummins said they will further strengthen their strategic cooperation in the Southeast Asian region and sign a joint investment agreement with the Foton Cummins Thailand engine factory to provide powertrains for the Foton Zhengda vehicle base and Southeast Asian business.
This signing would mark a further strategic cooperation between Foton Motors and Cummins, targeting a wider range of regional markets and providing more diversified power solutions to global customers.
As a global emerging economy, ASEAN (Association of Southeast Asian Nations) has become one of the regions with the greatest development potential in the world. In recent years, Foton Motors has had significant business expansion in Southeast Asian countries including Thailand, Malaysia, and the Philippines. Their market share has gradually increased in trucks, buses, and other specialized vehicles, and they have built their reputation in the local market.
Komatsu says it plans to restructure its business in China this year, cutting its annual production capacity of construction machinery equipment in China by nearly 40% to 10,000 units.
At the same time, due to sluggish market demand, it will merge its equipment production subsidiary and its parts subsidiary in Jining City, Shandong Province. The production subsidiary and casting subsidiary based in Changzhou City, Jiangsu Province, also will be merged.
Komatsu’s production subsidiaries in the two provinces previously terminated their joint venture relationship. Even if the annual production capacity is reduced to 10,000 units, it is expected that local production capacity will enable Komatsu to increase exports to Southeast Asia and other regions.
Pilot cities must embrace EVs in official vehicles, public transport, taxis, sanitation, postal express, urban logistics, airport vehicles, aiming to achieve 80% NEV proportion by 2025. A balanced and efficient charging infrastructure must be established, with public charging piles proportional to NEV promotion, and 10% charging facilities in expressway service areas.
Innovation in tech, green energy supply, and new information/communication networks must be applied to efficiently integrate NEVs with power grids and other fields. Innovations such as intelligent charging, high-power charging, rapid power change have been expanded, and vehicle-network integration verified.
CNH Industrial Group says it is stopping the sales of construction machinery and equipment in the Chinese market after Dec. 31, 2022. This is another significant development by foreign brands in the Chinese market.
John Deere withdrew from the Chinese market after the original industrial structure was changed by the merger of the Chinese plant of Kobelco Construction Machinery Co., Ltd. At the same time, Hitachi Construction Machinery also made changes to Hitachi Construction Machinery (Shanghai) Co., Ltd., which is responsible for sales and services in China, and set up a new sales and service company, “Hitachi Construction Machinery Sales (China) Co., Ltd.”, which began operating Nov. 1, 2022.
On Dec. 29, 2020, the Ministry of Ecology and Environment announced that from Dec. 1, 2022, all off-road mobile machines below 560kw (including 560kw) produced, imported and sold and their diesel engines installed shall meet the requirements of the Chinese IV emission standard. The implementation time of Chinese IV emission of off-road mobile machinery above 560kw and its installed diesel engines has not been announced.
The development trend for the new energy vehicle (EVs) market remained positive through 2022. In November, retail sales of new energy passenger vehicles reached 598,000 units, with a year-on-year growth of 58.2%. From January to November, the domestic retail sales of new energy passenger vehicles were 5.03 million units, with a year-on-year growth of 100.1%.
As for December, the Passenger Transport Federation believes that the subsidy for new energy vehicles will decline by 12,600 RMB this year, which is much more than the decline of 5000 RMB in the previous two years. In addition, some vehicle enterprises have announced a price increase for next year, which may promote strong pre-buying of new energy vehicles at the end of the year and boost sales.
This year, the new energy vehicle market is expected to achieve the annual sales of 6.5 million vehicles.
Mercedes-Benz heavy-duty truck factory in China has started mass production and its first domestic Chinese heavy-duty truck has rolled off the assembly line. The rollout reflects the Mercedes Benz truck localization project, under which Mercedes is producing heavy duty trucks built specifically for the domestic Chinese market.
The first batch of Mercedes Benz domestic heavy trucks is scheduled to be delivered to customers in early November.
In the process of localization, MB is striving to achieve a balance between high quality and cost. It is working with 150 domestic suppliers to improve manufacturing quality capability and localize the supply of more than 1500 parts. Presently, the localization rate of Mercedes Benz heavy truck Actros series exceeds 50%, and the localization rate of Actros C series is 90%.
Mercedes Benz trucks has established a Mercedes Benz business unit under the joint venture of Daimler Trucks Co., Ltd. and Foton Motor, which have a 50: 50 share ownership.
Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region.
On Dec. 29, 2020, the Ministry of ecology and environment announced that Dec. 1, 2022, all off-road mobile machines below 560kw (including 560kw) produced, imported and sold and their diesel engines installed shall meet the requirements of the Chinese IV emission standard.
The implementation time of Chinese IV emission of off-road mobile machinery above 560kw and its installed diesel engines will be announced separately.
In 2022, due to adverse factors at home and abroad, enterprises in the industry will generally face market pressure. In order to better switch the upgrading of Chinese IV emission standards from the aspects of supply chain and industrial chain, steadily promote the implementation of Chinese IV emission standards, reduce the operating pressure of enterprises, and maintain the stable and sustainable development of the industry, the Association recently submitted the “request for instructions on the implementation time delay of Chinese IV emission standards for off- road mobile construction machinery” to the atmospheric environment department of the Ministry of ecological environment according to the policy advice and suggestions of enterprises on Chinese IV emission, It is suggested that the conversion time of the whole machine products with the national three emission standards for construction machinery to the national four emission standards be postponed from December 1, 2022 to April 1, 2023. Regarding the application submitted by the association to the Ministry of ecology and environment for “postponing the implementation time of the ‘National four’ emission standard for off-road mobile construction machinery”, the Association received a clear reply: it will not be further extended! Therefore, the “national four” emission standards for off-road mobile machinery will be switched as scheduled from December 1, 2022.
The heavy truck industry fell in the first half of 2022 by more than 63% from the previous year. According to the latest statistics from the China Automobile Association, for January to June this year, the overall sales volume of the domestic heavy truck market was about 380,000 units, a decrease of 63.6% compared with the same period last year.
In June, the sales volume of China’s heavy truck industry was only 55,000 units, a year-over-year decrease of 65%. The main reasons for the decline in heavy truck sales this year are the upgrading of emission standard from “China V” to “China VI” last year, which caused a pre-buy in the market, and the impact of the epidemic this year, which depressed the logistics and transportation market, further curbing demand for new trucks.
The heavy truck industry is a cyclical industry, and its development cycle fluctuates due to changes in environmental protection policies and the overall economy. Following a 14 month decline in sales, the primary concern in the heavy truck industry is this: When will there be a turnaround?
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