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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.
BEIJING— Chinese electric vehicle (EV) and battery maker BYD is going to become Tesla’s battery supplier for the first time, a senior executive at the company backed by Warren Buffett’s Berkshire Hathaway said recently.
“Tesla is a very successful company. BYD has great respect for Tesla and raises our hat to it,” said BYD’s executive vice president Lian Yubo in an interview with the state-owned news channel China Global Television Network (CGTN), when he was asked his thoughts of China-made vehicles in comparison with Tesla. “(Tesla CEO) Musk and us are good friends now as we are preparing to supply batteries to it very soon. We learned a lot from Tesla,” Lian added, noting the U.S. rival’s positioning itself as a high-end EV brand.
Lian’s remark suggests BYD is set to be the second China-based battery supplier of Tesla next to CATL, the world’s largest EV battery company. LG Energy Solution, the South Korean battery maker second to CATL, and Tesla’s long-time partner Panasonic currently are another two battery makers in Tesla’s supplier list.
Under its new Five Year Plan, Beijing will expand restriction on the use of vehicles entering Beijing. At the same time, Beijing will restrict the use of China III diesel trucks and will implement regional traffic restrictions during peak hours of working days, strengthen the management of illegal electric three and four wheeled vehicles, and implement a preferential traffic policy for new energy logistics and distribution vehicles.
The Five Year Plan also calls for the promotion of low-carbon new energy transportation tools, and the promotion of “oil for electricity” of vehicles in public transport, rental (including cruise and online appointment), tourism and freight transportation.
Today, 69,000 diesel trucks have been eliminated in Beijing, and the proportion of clean energy and new energy vehicles in public transportation has reached 90.2%. Beijing plans to accelerate the promotion of new energy intelligent vehicle technology and cost reductions in many applications.
“By 2025, the national gas storage capacity of intensive layout will reach 55 billion ~ 60 billion cubic meters, accounting for about 13% of natural gas consumption. Build a green and low-carbon transportation system, optimize and adjust the transportation structure, vigorously develop multi-modal transport, promote the medium and long-distance transportation of bulk goods “from rail to water”, encourage the use of clean fuels such as LNG in the field of heavy-duty trucks and ships, and strengthen the guarantee of clean energy supply in the transportation industry. It is emphasized that the LNG storage and transportation system in Bohai Rim region, Yangtze River Delta region and Guangdong Hong Kong Macao Bay area should be continuously improved, and the core is the construction of LNG terminal.”
PSRAnalysis. China’s LNG import volume in 2022 is expected to surpass Japan and become the world’s largest LNG importer. At the same time, China has built 22 LNG terminals. There are more than 200 LNG manufacturers in China, with an annual capacity of about 30 million tons.
“China has the largest automobile production in the world, the most complete industrial foundation, supply chain foundation, talent foundation and market foundation,” said Li Bin, chairman of Weilai automobile.
These factors provide China with a significant advantage in developing intelligent EVs, he said “In fact, if we can have the advantages of these four aspects at the same time, China is the only one in the world,” he added.
The penetration rate of new energy has exceeded 10% in 2021. From the trend, this target will exceed 20% in 2025. China’s penetration rate of intelligent electric vehicles in 2030 will exceed 90% in new car sales. In recent years, with the accelerated popularization of intelligent electric vehicles, the automotive industry will once again become the commanding height of scientific and technological innovation.
PSR Analysis: Today, new bus procurement is fully electrified. Buses have fixed routes, and the operation range is relatively stable. At the end of 2020, all buses in key regions and major cities have been replaced with new energy. The trend of bus electrification will continue to be promoted nationwide and gradually electric buses will replace diesel vehicles.
Considering that the running distance and working environment are relatively controllable, the market promotion of oil and electricity price difference, and the gradual completion of bus electrification, taxis will also accelerate electrification.
The second step is to accelerate the electrification of trucks such as urban logistics, environmental sanitation and muck trucks. The State Council proposes to promote green and low-carbon means of transportation, port and airport services, urban logistics distribution and postal express to give priority to the use of new energy or clean energy and strengthen the charging and switching facilities of new energy vehicles.
The penetration rate of private car electrification will also continue to increase. According to the current situation, electric vehicles can replace unified fuel vehicles in terms of price and mileage around 2025. At the same time, with the promotion of electrification in the field of public transport and trucks, driving the continuous improvement of infrastructure, the electrification of private cars will proceed more smoothly. PSR
Jack Hao is Senior Research Manager – China, for Power Systems Research
Bosch Qingling has begun construction on Bosch’s first R & D Center for hydrogen fuel production in the world, a national hydrogen fuel cell engine production base and a national hydrogen energy commercial vehicle production base.
The hydrogen fuel cell engine project is being built jointly by Bosch (China) Investment Co., Ltd. and Qingling Group, with a total investment of about US$ 470 million (2.98 billion yuan).
Electrification has become one of the important directions of green development within China’s construction machinery segment. Domestic construction machinery leaders have increased the development of equipment electrification and have launched a variety of electrification products.
Some professional organizations predict that by 2025 the penetration rate of main products may reach 25%. The electrification of construction machinery initially replaces conventional diesel engine drive with electric drive and then the hydraulic device is replaced by an electric device. Concrete mixers, truck cranes, muck trucks, excavators and wheel-loaders are the most easily electrically driven products, especially for small construction machinery.
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.
The 150-ton large-scale mining truck delivered by Weichai has accumulated more than 50,000 hours of trial operation, with a total mileage of more than 360,000 kilometers, a 70% increase in efficiency, and a 10% reduction in unit energy consumption.
This product is equipped with a powertrain system consisting of Weichai Group’s 17-liter engine + 3300 Nm high torque 8-speed gearbox + 60-ton drive axle. The operation equals the output of two trucks, which significantly reduces the number of vehicles need for a specific job, greatly reduces operating costs, and brings considerable economic benefits to customers
The global energy structure has accelerated the adjustment to green energy, and the investment in traditional energy is insufficient. Under the influence of COVID-19, energy supply and demand are disrupted, exacerbating the contradiction between supply and demand, resulting in global power shortage.
China recovered from the epidemic earlier than many other countries and is now almost the only major manufacturer, so industrial power consumption has increased significantly. Power rationing is mainly to alleviate the power shortage and achieve the goal of energy conservation and emission reduction. China is dominated by thermal power generation, and there is a serious shortage of clean energy. There are still big problems in the energy structure.
PSRAnalysis: In 2021, China’s electricity demand will grow by more than 10%, which greatly exceeds the previously estimated demand growth of 6% to 7%. At present, the substantial growth of power demand has put great pressure on power supplies. Coal accounts for about 70% of China’s electricity consumption, but the output of coal is far lower than the demand for electricity.
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.
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