Industry Segments | Power Systems Research

2025-05-25

China Truck Group, Toyota Motor Sign Development Pact

Last month, China National Heavy Duty Truck Group and Toyota Motor Corporation signed a strategic cooperation agreement to develop hydrogen powered commercial vehicles.

China is a market with great potential for the promotion and popularization of hydrogen energy, and long-haul heavy-duty logistics vehicles are an important application scenario that highly matches hydrogen energy.

Toyota Motor Corporation possesses world-leading hydrogen fuel cell technology, and China National Heavy Duty Truck Group is a leading enterprise in China’s commercial vehicle industry. The hydrogen fuel cell tractor jointly developed by the two parties has already been delivered to the market in batches.

Categories: Alternative Power, Commercial Vehicles, Greater China, Hydrogen, Partnerships, Production

Office: China Office

KTM Grapples with Restructuring Efforts

Emiliano Marzoli

The KTM Group, under the parent company Pierer Mobility AG, is currently navigating significant financial headwinds. Late November 2024 saw KTM AG enter a 90-day period of self-administration, a form of insolvency protection, burdened by approximately €3 billion in debt.

This move initiated a critical restructuring phase aimed at stabilizing the company’s financial position. A key milestone was reached in late February 2025 when creditors approved KTM’s restructuring plan, agreeing to a 30% debt repayment by May 23, 2025. This agreement hinged on KTM successfully raising €600 million by this crucial deadline, leading to an active search for potential investors.

Categories: Europe, Financial, Recreational Products

Office: Europe Office

2025-05-24

Layoffs Begin in the North American Truck Segment

Chris Fisher

Both Volvo and International Truck have initiated layoffs this year due to sluggish orders and high production capacity in preparation for a potential 2026 truck pre-buy ahead of the phase 3 GHG Emission Regulations scheduled for implementation in 2027.

Volvo Trucks North America plans to lay off up to another 350 workers from a Virginia plant as part of job cuts affecting up to 980 employees across the country since the beginning of the year.

Employees at the New River Valley plant in Dublin, Virginia, were notified of the workforce reduction this month, and their last day at the facility will be June 27, Volvo spokesperson Janie Coley said.

Categories: Commercial Vehicles, Economics, Legislation, North America, Tariff

Office: United States Offices

CATL Next Generation Batteries Coming Soon

Guy Youngs

A few weeks ago, BYD announced new battery technology that allows electric cars to recharge in about 5 minutes. This month, at the annual Shanghai Auto Show, CATL fired back with fast charging news of its own. It claims its second generation Shenxing battery can add 520 kilometers (323 miles) of range in just five minutes of charging time. The BYD announcement claims its batteries can add 400 kilometers (250 miles) in 5 minutes using a Level 3 fast charger

Categories: Alternative Power, Batteries, Electrification, Passenger Cars, Minivans, and SUVs, Production

Office: United States Offices

IMO Votes First-Ever Global Carbon Price on Shipping

Guy Youngs

The International Maritime Organization (IMO), a UN agency which regulates maritime transport, has voted to implement a global cap on carbon emissions from ocean shipping and a penalty on entities that exceed that limit.

The agreement makes the shipping industry the first sector to agree on an internationally mandated target to reduce emissions along with a global carbon price. The agreement includes standards for greenhouse gas intensity from maritime shipping fuels, with those standards starting in 2028 and reducing through 2035. The end goal is to reach net-zero emissions in shipping by 2050

Categories: Alternative Power, Emissions, Global, Legislation, Marine

Office: United States Offices

2025-05-21

Volvo Announces World’s First Electric Articulated Hauler

Guy Youngs

The star of the recent Bauma-Germany 2025 show is arguably the game-changing A30 Electric articulated hauler. It’s the first vehicle of its kind in what is both a key industrial segment for Volvo and a world’s first for a series production BEV in its class – 60-years since Volvo revolutionized the construction industry with the launch of Gravel Charlie, the world’s first articulated hauler.

The Volvo A30 Electric offers a 64,000 lb. (32 ton)/23.3 cubic yard payload capacity and “full day” operation thanks to its 245 kWh li-ion battery.

Categories: Alternative Power, Industrial, Production

Office: United States Offices

2025-05-10

2025 NA Zero Turn Mowers Production

Carol Turner

841,500 units is the estimate by Power Systems Research of the number of Zero Turn Mowers expected to be produced in the United States in 2025.

Zero Turn Mowers are Zero-Turn Mowers are riding lawn mowers that have a turning radius that is effectively zero inches. Models are made for either residential or commercial applications.

This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR

For details, download the complete report above.

Carol Turner is Senior Analyst, Global Operations, at Power Systems Research

Categories: Datapoint Reports, Lawn and Garden, Production

Office: United States Offices

2025-05-05

Agrishow 2025 Provides Equipment Innovations

Fabio Ferraresi

Agrishow 2025, held April 28-May 2, 2025, in Ribeirão Preto, São Paulo, confirmed Brazil’s leadership in Agricultural innovation. The show spotlighted sustainable tech, automation, and digital solutions, with both business and attendance increasing since the last show in 2024. The focus: boosting productivity, reducing environmental impact, and preparing for a tech-driven ag future.

Four representatives of the Power Systems Research South America Office representatives attended the 30th edition of Agrishow, Latin America’s premier agricultural technology fair. The event showcased cutting-edge machinery, sustainable solutions, and the latest in precision agriculture.

Categories: Agricultural, Central/South America, Show Reports

Office: Brazil Office

2025-04-29

AUTODATA Power Systems Research

Carlos Briganti, Managing Director South America Operations for Power Systems Research (PSR), participated in a major article on the future of diesel in trucks and buses in the March 2025 issue of AUTODATA magazine.

AUTODATA is a leading provider of technical information and software solutions for the automotive aftermarket. AUTODATA specializes in delivering up-to-date, manufacturer-verified technical information used for servicing, maintaining, and repairing cars, light commercial vehicles, and motorcycles.

A study by Power Systems Research published in the magazine notes that fossil fuel and its renewable variants such as biodiesel and HVO will dominate the cargo and passenger transport scene for many years to come.

As reported in AUTODATA, the PSR survey indicates that diesel, with small portions of a mixture of biodiesel and HVO, is now responsible for driving 99% of trucks and buses in Brazil, a percentage that drops to 94% in the European Union, 89% in the United States – and it is not because more low-emission alternatives are used there, but because 7% of the fleet is powered by gasoline. Another 3% run on natural gas and only 1% correspond to electric models. China is more advanced with 81% diesel, 10% gas and 9% electric. PSR

(Click the Read More» link to view the report in the full post.)

Categories: Commercial Vehicles, Publications, South America/Brazil

Office: Brazil Office

2025-04-25

2-Wheelers Demand Crumbles Across European

Emiliano Marzoli

Brussels, Belgium. Registrations of power 2-wheelers across the top 10 markets in Europe were down 19% in the first quarter of 2025 compared to the same period of 2024. This result is mainly a consequence of the introduction of the Euro 5+ emissions standards on Jan. 1, 2025, and it was anticipated after the very positive results of 2024.

Germany, Austria and the UK saw the harsher decreases, reporting respectively a -41%, -27% and -22% compared to last year. On the other hand, Switzerland limited the loss to -6%, while Poland and Spain were the only countries to report positive growth, +3% and + 6%.

Categories: Emissions, Europe, Motorcycles, Recreational Products, Sales

Office: Europe Office

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