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Beiqi Foton Motors and Cummins Set Joint Investment
CHINA REPORT
Jack Hao 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.
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Fras-le Acquires Juratek in UK
Fabio Ferraresi Fras-le announced plans to acquire the operations of AML Juratek, the parent company of Juratek and BettaParts, which operate in the UK and European aftermarket, with lines of braking products such as discs, brake pads, calipers and actuators. Fras-le said it intends to invest about US$ 22 million (£ 18.2 million) in the acquisition.
Fras-le will continue to work in the European market with the Juratek and BettaParts brands and will receive the reinforcement of the other iconic brands of the company in the global market, such as Fras-le and Fremax, expanding business possibilities. In 2022, AML Juratek recorded revenues of approximately £25 million.
The acquisition is added to Fras-le’s global structure of operations, currently present with industrial units in Brazil, the United States, China, Argentina, Uruguay and India, as well as distribution, technology and development centers and commercial representations to serve customers in more than 120 countries on five continents.
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WEG Building Plant for EV Batteries in Brazil
Brazilian WEG has announced plans for a new 6,000 m2 plant in Jaraguá do Sul, Santa Catarina, Brazil, to produce battery packs for EVs. With the investment, the annual capacity will be 1 GWh in battery packs. WEG plans a highly automated plant, with 140 direct employees; WEG’s timeline calls for completion of the plant in 1H 2024.
Source: Automotive Business Read The Article
PSR Analysis: WEG aims to supply EV production for OEMs located in Brazil. With strong background in drives…
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Nikola Plans To Develop Hydrogen Fuel Network
The lack of a refueling infrastructure is one of the largest challenges facing H2 development, so Nikola plans to start building a hydrogen fuel network. The network would make it possible for H2-powered vehicles to refuel conveniently, particularly when those vehicles are the company’s own trucks.
The company has already started the construction of H2 plants in order to produce the H2 necessary to supply the hydrogen fuel network. Once those are in place and the refueling stations are built, it will become feasible for companies to begin including H2-powered trucks in their fleets.
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Volvo Unveils Electric Concrete Mixer Truck
Guy Youngs Best known for its world-class transport solutions, Volvo unveiled its first commercial electric truck –the Volvo FL Electric – in 2019, this was followed by the Volvo VNR Electric in 2020. Volvo introduced three 44-ton electric trucks this past September, some of the heaviest in its line up, bringing its portfolio to six commercial EV trucks, designed to cover everything from city distribution and handling to construction transport and regional hauling.
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From Diesel to DC
For a long while, it looked as if hydrogen fuel cells would be the technology of choice for emissions-free road transport. However, truck manufacturers and freight forwarders recently turned their attention to battery-electric vehicles.
For logistics companies, the shift to zero emissions will be difficult. While it only takes a few minutes to top up the tank of a truck with diesel, it takes hours to fully charge the battery of an EV, which presents a real challenge for logistics businesses with zero-emission aspirations.
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240 Ton EV Mining Truck Can Charge in 30 Minutes
Guy Youngs A 240-ton mining haul truck is being fitted with a 1.4 megawatt-hour (MWh) prototype battery system that global green energy company Fortescue has developed with equipment maker Liebherr.
UK-based engineering company WAE Technologies, (acquired by Fortescue in March 2022), completed and delivered the battery system to Fortescue’s workshop in Perth, Australia. The battery will be assembled and installed in the mining haul truck before it's transported to the Pilbara in Western Australia for…
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Charging Infrastructure Blocks BEV Growth
NORTH AMERICA REPORT
Chris Fisher According to John O’Leary President and CEO of DTNA, charging infrastructure is the greatest barrier to adoption for battery electric heavy trucks. Speaking to journalists in Las Vegas, he said customers are happy with the electric vehicles they have received but they are unable to expand their fleets with additional electric vehicles primarily due to the lack of charging infrastructure.
“Overwhelmingly, infrastructure is slowing us down in terms of EV deployment,” said Daimler Truck North America President and CEO John O’Leary. “Site prep, permitting, and construction delays all contribute to deployment times being measured in years, not weeks or months.”
“There’s a lot of will in the regulatory and political arenas to make that happen, but when you start talking about moving large megawatt lines of electricity around and building new substations, it just takes time,” he said.
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Hitech Electric To Produce 100% EV LCVs
Hitech Electric to produce 100% electric LCVs by March, with sales plans of 1,000 vehicles per year. In partnership with Positivo Tecnologia, (and its corporate venture capital (CVC) program) the assembly line will start with 50 units per month and possibly expand to 100 in the short term. The plant will be located in Campo Largo, Parana.
The vehicles will have a powertrain and battery produced by WEG, the Brazilian Electric equipment manufacturer. The batteries will feature non-flammable lithium iron phosphate. Product lineup includes a last mile utility vehicle and a 1.2-ton light truck.
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January Brazil Truck Production Drops 72%
Fabio Ferraresi Truck production in Brazil in January was 4,049 units vs. 14,614 units in December per Anfavea (the association that represents the automakers installed in the Brazil) monthly
PSR Analysis: This decline was expected due to the introduction of PROCONVE P8, the regulation in line with Euro VI, that reduces the toxic gas emission limits and therefore increases the complexity and the price of new trucks.
Under that regulation, OEMs have the right to sell Trucks at PROCONVE…
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