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PowerTALK™, June 2025
Download PDFThe June PowerTALK News has reports on the Hino-Mitsubishi Fuso merger, the decline in Russian 2025 truck production, a cooperative development agreement between Chinese companies and a report on 2025 global outboard engine production.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- Will Hydrogen Fuel Cell Trucks Follow Car Storyline
- IEA Global Outlook Shows U.S. Falling Behind On EVs
- Critical Minerals for Clean Energy Concentrated in Few Countries
- Sodium Batteries: Yet Another Sign EVs Are Here To Stay
DATAPOINT: 2025 Global Outboard Engine Production
GLOBAL REPORT: 2025 Heavy Truck Sales in Russia Expected to Decline
EUROPE REPORT: Rolls-Royce Power Systems Reports Record 2024 Results
SOUTH AMERICA/BRAZIL REPORT:- Deere Projects Brazil To Surpass Europe in Ag Machinery Sales
- 2025 Brazil Trailer Production Declines
JAPAN REPORT: What Will Happen with Merger of Hino and Mitsubishi Fuso?
INDONESIA REPORT: South Korea’s LG Energy Withdraws Expansion Plans
CHINA: Yuchai, XCMG Sign Mutual Development Agreement -
Alternative Power Report, June 2025
Download PDFThe Alternative Power Report produced monthly by Power Systems Research reports on development of alternative power sources, legislation related to these sources, and sales and production of EV vehicles. The June 2025 issue contains articles on hydrogen fuel cells being used in trucks and passenger cars, the development of sodium batteries for EVs, a new report by the IEA Global that shows the U.S. falling behind on EVs, and a report on critical minerals for clean energy that are being concentrated in a few countries. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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Alternative Power Report, May 2025
Download PDFThe May 2025 issue of the Alternative Power Report contains articles on Volvo’s launch of the world’s first electric articulated Hauler, Aeson Power’s new sodium battery products, the IMO votes on the first-ever global carbon price on shipping, and a report on CATL’s next generation batteries. Read it all here. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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Alternative Power Report, April 2025
Download PDFThe April 2025 issue of Guy Youngs’ Alternative Power Report presents articles on Tesla sales and other activities. It also contains several reports on battery development . PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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What Will Happen in Hino, Mitsubishi Fuso Merger?
Akihiro Komuro Hino Motors and Mitsubishi Fuso Truck and Bus Corporation have reached a final agreement to merge their operations in April 2026, but what will this mean? A basic agreement was initially reached in 2023, but the decision was delayed due to irregularities in Hino’s engine performance certifications. The merger will finally move forward following Hino’s settlement with U.S. authorities.
The commercial vehicle industry has undergone rapid changes over the past two years of stalled negotiations, so both companies will need to quickly demonstrate the benefits of the merger to make up for lost time. The biggest change is the tightening of environmental regulations.
In May 2024, the European Union (EU) strengthened CO₂ emission regulations for large trucks. By 2030, emissions must be reduced by 45% compared to 2019 levels. This is an increase from the previous target of 30%. By 2040, emissions must be reduced by 90%, a very strict requirement.
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Brazil May Surpass Europe in Ag Machinery Sales
Fabio Ferraresi Deere & Company estimates that Brazil will become its second-largest global market within the next five to ten years, surpassing Europe in sales of tractors, harvesters, and other agricultural equipment.
The forecast is based on the expansion of Brazilian agricultural production, particularly soybeans, corn, and sugarcane. According to Cristiano Correia, Vice President of Production Systems for Latin America, “no other region shows a compound growth rate in grain production comparable to Brazil’s over the next decade.”
The Illinois-based company is holding its first Investor Day in Brazil in over a decade in 2025, gathering around 40 investors from North America, Europe, and Asia.
Deere projects a 27% increase in Brazil’s planted grain area by 2035 and expects corn-based ethanol production to double during the same period.
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Rolls-Royce Power Reports Record 2024 Results
Natasa Mulahalilovic Rolls-Royce Power Systems achieved record 2024 performance, with revenue rising 11% to US$5.56 billion (€5.05 billion), surpassing the US$5.5 billion (€5 billion) mark for the first time. Adjusted operating profit jumped 40% to US$728.2 million (€662 million), boosting return on sales to 13.1% (up from 10.4% in 2023).
CEO Dr. Joerg Stratmann credited the results to a focused strategy in energy, government, marine, battery storage, and services. “We’ve grown our market share in mtu products and see strong future potential,” he said. The division recorded US$6.60 billion (€6 billion) in orders, signaling a positive outlook for 2025.
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2025 Global Outboard Engine Production
Download PDF684,000 units is the estimate by Power Systems Research of the number of Outboard Engines expected to be produced worldwide in 2025.
An Outboard Motor is a propulsion unit for boats consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom.
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, for Power Systems Research
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