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Yanmar To Analyze Data on Agricultural and Construction Equipment
Yanmar Holdings announced it will begin operating Yanmar Synergy Square, a support base for monitoring the operational status of customers’ agricultural and construction equipment, beginning Oct. 19, 2020.
Data will be collected and analyzed via communication from sensors installed on machines and equipment. It will suggest parts replacement and maintenance before they malfunction. It was built at a cost of 2.5 billion yen (23.8 million USD) and will be operated by Yanmar Global CS, a subsidiary of the company.
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TADA Raises US$5 Million To Enter EV Tuk Market
Singapore-based MVLLabs, the operator of car dispatch service TADA, has raised US$5 million. MVLLabs is a company that operates a mobility ecosystem based on the blockchain protocol. TADA, a no-fee car dispatch platform built on MVL’s blockchain, launched in Singapore in 2018.
In 2020 they are also expanding into Cambodia and Vietnam. MVLLabs plans to use the funds raised to facilitate continuous expansion and further develop the mobility ecosystem.
According to them, mobility data such as transactions,…
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Hyundai and LG Electronics To Collaborate on In-Car Appliances
Hyundai Motor will collaborate with LG Electronics on home appliances for the interior of electric vehicles. The two companies will work together to develop OLED TVs to be mounted on the ceiling and walls, as well as home appliances such as refrigerators and coffee makers that make the interior of the car more comfortable. They unveiled the next generation concept car “Ionic Concept Cabin.”
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JAPAN REPORT: Toyota, Honda, Shell To Expand Hydrogen Fueling Network in US
Toyota, Honda and Shell announced a plan to expand their hydrogen refueling network in California.
Akihiro Komuro Shell will install hydrogen refueling systems at 48 gas stations using a grant from California’s hydrogen refueling infrastructure support. The company will also upgrade two Shell hydrogen stations and add fuel dispensers to heavy-duty truck stations.
Additionally, Toyota and Honda have agreed to expand sales of fuel cell vehicles (FCVs) in California to support the Shell hydrogen Stations. Toyota and Honda plan to expand sales of the Mirai and Clarity Fuel Cell, respectively.
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SOUTH KOREA REPORT: Doosan Infracore Collaborates with Game Developers
Doosan Infracore says it has signed an MOU with Unity Technologies Korea for mutual cooperation in the development of a construction process simulator.
Akihiro Komuro This is the first joint project with a game engine developer in the construction equipment industry, which is rare in the global construction equipment industry.
The game engine is regarded as very useful in various industries such as shipbuilding, logistics and construction. Doosan Infracore and Unity will work together to develop a simulator. It realizes various physical elements on a construction site where excavators and other equipment operate in a virtual environment. The simulator will be very useful in accurately predicting complex variables that may occur on a real construction site.
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VIETNAM REPORT: VinFast Enters Luxury Segment With New SUV
Vietnamese automaker VinFast has launched a luxury SUV, the VinFast President, to take on global brands like Lexus and Mercedes. To cost VND4.6 billion ($198,200), the seven-seater looks similar to VinFast’s first SUV, the Lux SA2.0, but with more advanced technologies and frills like massage and heated seats.
Akihiro Komuro Its 420HP V8 engine can go from zero to 100 kilometers per hour in 6.8 seconds and offers a top speed of nearly 300 kph. VinFast will produce only 500 units and sell them exclusively in Vietnam. The first 100 customers will get a 17% discount on the price.
In its segment, the VinFast President costs 45% less than the Lexus LX 570 and 33% less than the BMW X7. Industry insiders say it lacks some premium features often seen in luxury cars such as captain’s chairs, TV screens and a high-end sound system. The vehicle signifies the ambition of VinFast, a unit of Vietnam’s largest conglomerate, Vingroup, to enter all segments of the auto market after bringing out its first vehicle in July last year.
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TAIWAN REPORT: First Self-Driving Bus on Three-Month Trial in Tainan
A month ago, the first self-driving bus operations begun its three-month trial in the southern Taiwanese city of Tainan. It is the first revenue-generating service of autonomous rapid transit (ART) project supported by the central and local governments. The goal is to launch commercial operation across the country in 2021.
Erik Martin “Autonomous technology will lead a revolutionary change to the city’s transportation systems,” said Huang Wei-Cher, Mayor of Tainan. “The smart transportation initiative will help us improve overall road safety, operational efficiency, and rural area transportation services.”
The service will cover two business districts. One service will run on weekends only, on a 2.5km route between Nanke Railway Station and National Museum of Prehistory, while the other will be on weekdays in the 6.4km route along Shalun Smart Green Energy Science City, where a smart vehicle testing site is located.
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Used Construction Equipment Prices Fall in SE Asia, Demand Slows with COVID-19
The prices of used construction equipment continue to fall, and bidding prices at major auctions are 10% lower than in the same period last year. This is due to a decrease in demand from Southeast Asia due to the COVID-19.
Akihito Komuro Demand in Japan is steady due to the torrential rains in Kyushu and other factors, but the price decline in overseas markets has lowered the overall market.
Demand in the Philippines and Thailand also declined. In Southeast Asia, demand for cranes and other infrastructure-related equipment has been high for the past few years, but there have been several construction delays and stoppages caused by COVID-19. The average unit price at the crane truck auction was about 6 million yen, a 20% drop from January to March before COVID-19.
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Doosan Sells 10,000 Excavators in China in H1 2020
Doosan Infracore announced that it sold 10,728 hydraulic excavators in China in H1 2020. This is the company’s largest sales volume in nine years since it sold more than 12,000 units in the market in H1 2011. The company sold 1,320 excavators in June, a 23% increase in sales over the previous year.
Akihito Komuro China’s hydraulic excavator market suffered a slowdown in the first two months of the year due to COVID-19 but is now consistently showing signs of a rapid recovery. Overall sales in the Chinese hydraulic excavator market exceeded 155,000 units in H1 2020, significantly exceeding the 125,000 units sold nationwide in H1 2019.
Source: Kikai-News (The original article was partially revised by the author.)
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Kubota To Build Factory for Small CN Equipment in US
FAR EAST: JAPAN REPORT
Kubota will invest up to US$ 93.9 Million (10 billion yen) by 2026 to build a factory for small construction equipment in the US. The company will manufacture crawler-driven models used for residential construction and other purposes locally to increase the production by 25%.
Akihito Komuro With COVID-19, there is a movement of people moving from the city center to the suburbs in the US. Kubota expects that the demand for small construction equipment will increase in the regions where it has sales channels and aims to become the largest manufacturer in the US by increasing production. First, they will invest 5.6 billion yen (56 Million USD) to build a new factory in Kansas.
The company will start mass production of its “Compact Track Loader (CTL)” in September 2022. By 2023, annual production will reach 3,000 units. Depending upon demand, the company could be producing 5,000 units annually by 2026. Japan is producing about 20,000 of the same model. With the addition of 5,000 units from the United States, the total production will increase by about 25%.
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