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.
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Weichai Takes 60% Stake in Agricultural Equipment Maker
Qin Fen Weichai Holding Group Co., Ltd., a leading Chinese powertrain manufacturer, has acquired a controlling stake in Lovol, one of the country’s major agricultural equipment makers.
Source: Xinhua News Agency Read The Article
PSR Analysis: People look up to leading companies in industry because often times they are not just leading the trend, they are also setting an example of weathering the storm during crisis.
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Italy’s CNH and China’s FAW in Talks Over Truck Maker Iveco
CNH Industrial is in talks with China’s FAW over the future of truck maker Iveco, the Italian-American group said recently after sources told Reuters it had revived previously aborted negotiations.
Source: Reuters Read The Article
PSR Analysis: Another positive development in the industry during such a gloomy crisis, FAW fits the merger success story I just mentioned about the few surviving companies. There are for sure many challenges ahead with the acquisition, particularly…
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VW To Build $3 Billion EV Plant in East China
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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Tesla Cuts Prices of China-Made Cars
Jack Hao Taking advantage of new battery options and big government subsidies, Tesla has slashed its Model 3 prices in China. The company’s Chinese website is now advertising a base price for the popular battery-electric sedan of 249,900 yuan, or roughly $36,800.
While this is big news for the company in its efforts to remain dominant in the Chinese market, U.S. consumers won’t be affected…at least, not yet
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Taiwan Audi Teams with Noodoe To Create EV Charging Plan
To continue to promote the deployment of electric vehicles in Taiwan, Taiwan Audi officially entered the pure electric vehicle market at the end of 2019 and launched the “E-tron Future” reservation project.
Erik Martin To meet the pure electric future, Taiwan Audi has joined hands with strategic partner Noodoe to accelerate the deployment of Taiwan’s charging network. Evaluating home charging station installation and a cloud-based charging operating system paired with Taiwan Audi’s charging solution aims to realize a pure electric mobile life.
From north to south, Taiwan spans only about 500 kilometers. At the same time, the main population centers are concentrated in the seven largest metropolitan areas. These cities–while clearly defined–are connected by a comprehensive road network that provides excellent advantages in the development of electric vehicles. Audi has been actively promoting the deployment of electric vehicles in Taiwan since last year. It is expected to introduce the first electric vehicle model ─ Audi e-tron – before the end of 2020 with a battery life of 417 kilometers (WLTP). Through the 150kW fast charge mode, it can be charged in 30 minutes to 80% power.
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How Does Market Brace for Low Speed EV Impact?
By August 12, after 20 days of product launch, SGMW’s MINI EV will hit a sales record of 15,000 vehicles, making it the world’s fastest car model reaching the threshold of 10,000 units.
Source: D1 EV Read The Article
Qin Fen PSR Analysis: Consider BYD’s electric bus, SGMW’s MINI EV, as well as premium car brands like Tesla: These traditional and emerging automotive OEMs are reformulating rules of the auto game, with their own proprietary technology.
As a matter of…
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National Grid Joins Switch-on Mode Team
Qin Fen In July, MIIT (Ministry of Industry and Information Technology summoned a meeting with local governments, industry associations and automotive companies on battery switch-on implementation. People attending offered thoughts on implementing battery switch-on operations, sharing recommendations for policy and discussing challenges of proposed actions.
Source: D1 EV Read The Article
PSR Analysis: Electric vehicle development is facing several different technology road…
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Thoughts on Battery Change for New Energy Vehicle, using Big Data
Qin Fen The symposium of battery change mode for new energy vehicle was held June 15 in Xuzhou, Jiangsu. Data from National Big Data Alliance of New Energy Vehicles suggests that over 3 million new energy vehicles were in the system in 2019 and 900,000 vehicles are running daily. Data also suggest that new energy vehicle GVW range primarily falls under 4.5 tons.
Source: Sohu Read The Article
PSR Analysis: Many numbers are in the article, some contradictory. As one of the truck…
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Geely Poised to Acquire CAMC
According to a statement from CAMC, a.k.a Hualing Xingma, China automotive manufacturer Geely, will acquire a 15.4% position in the company.
Qin Fen Source: CV World Read The Article
PSR Analysis: A win-win situation for CAMC and Geely. There are still some legal proceedings to finish, but once it’s done, CAMC will save itself from financial trouble and Geely will add an asset to its commercial vehicle lineup. PSR
Qin Fen Is Business Development Manager for Power Systems Rese…
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China Delays Nationwide NS 6 Regulation
The Ecology and Environment Ministry is extending the transition period for OEMs and the sales period for NS 5 inventory products.
Source: China Central Television Read The Article
PSR Analysis:
So here comes the impact of coronavirus for the industry. But what we should bear in mind is that despite this latest news, the capital metro area, the Yangtze delta area and the Zhujiang River Delta area, three of the most prosperous areas in China, have already implemented…
Power Systems Research
Shanghai, China and Beijing, China
infocn@powersys.com
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