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Lexus China Plant To Begin Production in 2027
Jack Hao Toyota has announced plans to build a research, development, and production company for Lexus electric vehicles and batteries in Jinshan District, Shanghai, and plans to start production in 2027.
“China has a complete electrification and intelligent technology industry chain,” says Ji Xuehong, Director and Professor of the Automotive Industry Innovation Research Center at North China University of Technology, “and stablishing a factory locally will allow Toyota to deeply integrate into China’s industry chain, quickly access advanced electrification technologies and high-quality parts resources, and thereby enhance the overall competitiveness and price advantage of its products.”
Localization will also enhance Lexus’ export capabilities, he says. Production in China can meet domestic demand, also reduce costs and improve the competitiveness of products in the international market.
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2025 Budget Pushes Green Mobility, Manufacturing
Aditya Kondejkar Aligned with the ‘Viksit Bharat’ vision, the 2025 budget proposes a forward-looking approach for the auto sector, fostering a sustainable ecosystem with financial allocations and duty exemptions. Among the highlights:
- Support for EV Manufacturing. The exemption of customs duties on 35 capital goods for lithium-ion battery production is a commendable step toward reducing production costs and improving EV affordability.
- Production-Linked Incentive (PLI) Scheme. The government allocated $325.31 million USD (Rs 2,819 crore), down from $403.90 million USD (Rs 3,500 crore) last year, which may raise concerns about the continuity of financial backing for emerging EV and hydrogen fuel cell technology.
- Tariff Rationalization. Reduction of tariff categories to just eight simplifies the customs structure and promotes ease of business for auto manufacturers.
- MSME Credit Boost. With increased access to credit for MSMEs in the auto component industry, supply chain development will strengthen, driving innovation and expansion. MSME stands for Micro, Small, and Medium Enterprises. This term refers to a significant sector of the Indian economy that plays a crucial role in the country’s economic development and growth.
- Dhan-Dhaanya Krishi Yojana. Rural income growth via this scheme, along with increased Kisan Credit Card limits, is expected to boost demand for two-wheelers, tractors, and small commercial vehicles.
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New Milestone for Volvo EV trucks
Emiliano Marzoli Brussels, Belgium–Volvo Trucks has announced the assembly of its 1,000th electric vehicle at its Blainville-sur-Orne facility in France. This milestone underscores the expanding market penetration of electric commercial vehicles and signals a growing demand for sustainable transport solutions.
The 1,000th unit, a Volvo FE model, was delivered to the Mineris Group. The Blainville plant, a crucial component of Volvo's global electric truck manufacturing network, is strategically positioned…
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PowerTALK™, February 2025
Download PDFRead about Tesla Germany sales dropping 60%, Nissan quitting Honda merger talks, Q4 2024 global truck production climbing and South Korean battery production slumping and more in the February 2025 issue of PowerTALK™ News.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- Is Toyota Largest Auto Funder of Climate Deniers in US?
- Tesla Sales Drop 60% in Germany
- Nissan Quits Honda Talks, Eyes Foxconn Alliance
- Recycling Battery Metals Could Supply 25% Of Europe’s EVs By 2030
TRUCK PRODUCTION REPORT: Q4 2024 Truck Production Climbs 3.7%
DATAPOINT: 2025 North America Snowblowers Production
NORTH AMERICA: Isuzu Plans South Carolina Truck Assembly Plant
EUROPE: Sanlorenzo, Volvo Penta Collaborate for Sustainable Yachting
SOUTH AMERICA/BRAZIL:- Mercedes-Benz Sells Sprinter Factory in Argentina
- Record Motorcycle Production in Brazil
JAPAN: Kanadevia To Build Plant for Hydrogen Equipment
South KOREA: Battery Makers See Revenue Decline
CHINA: Lexus China Plant To Begin Production in 2027
INDIA: 2025 Budget Pushes Green Mobility, Manufacturing PSR -
Alternative Power Report, February 2025
Download PDFRead about changes in the Japanese EV industry in the February issue of the Alternative Power Report produced by Power Systems Research. The report also contains several articles on EV battery development trends. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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2025 NA Snowblowers Production
Download PDF293,500 units is the estimate by Power Systems Research of the number of Snowblowers expected to be produced in the United States in 2025.
A Snow Blower or Snow Thrower is a machine for removing snow from an area such as a driveway, sidewalk, roadway, railroad track, ice rink, or runway. It can use either electric power (line power or battery), or a gasoline or diesel engine to throw snow to another location or into a truck to be hauled away.
Snow blowers range from very small units, capable of removing only a few inches (a few more cm) of light snow in an 18 to 20 in (457 to 508 mm) path, to the very large units, mounted on heavy-duty winter service vehicles and capable of moving 20-foot (6.10 m) wide swaths of heavy snow up to 6 feet (1.83 m) deep.
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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Q4 2024 Truck Production Index Climbs 3.7%
Download PDFThe Power Systems Research Truck Production Index (PSR-TPI) increased from 109 to 113, or 3.7%, for the three-month period ending Dec. 31, 2024, from Q3 2024.
The year-over-year (Q4 2023 to Q4 2024) decrease for the PSR-TPI was, 117 to 113, or -3.4%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. In 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase moderately European production is expected to be flat and North American production is expected to decline over 2024.
Global Index. Globally, medium and heavy commercial vehicle production is expected to increase by 2.3% this year over 2024. Overall improvement in the global economy is the primary driver for the forecasted increase. However, the possibility for additional global tariffs from the incoming United States Executive Branch may place negative pressure on this forecast. PSR
Jim Downey is Vice President-Global Data Products
Chris Fisher is Senior Commercial Vehicle Analyst -
Infrastructure Spending Seen Boosting CV Demand
Aditya Kondejkar “Looking ahead, we expect the gradual increase in infrastructure spending to boost consumption and improve demand, a revival across most CV segments, particularly in buses and vans, which are set to outperform last year’s levels. Intermediate, light and medium commercial vehicles (ILMCVs) are also likely to record similar or improved growth compared to fiscal year 2024.” – Girish Wagh, executive director at Tata Motors
Source: AutocarPro Read The Article
Market Dynamics and Growth Segments
The CV industry is set to benefit from the government’s pro-growth policies, particularly in infrastructure. The increased Capex outlay of US$115.5 billion ( ₹10 trillion) in the Union Budget 2023-24 is driving growth in sectors such as steel, cement, mining, and construction, which are key consumers of CVs. -
FAW Jiefang, CATL Plan CV Electrification Effort
Jack Hao FAW Jiefang and CATL have signed a strategic cooperation agreement under which they agreed to work together to develop new energy commercial vehicles.
According to the agreement, the two parties plan to integrate selected resources in the field of new energy commercial vehicles. They will collaborate in product matching, product development, science and technology project applications, industrial ecosystem construction, and business model innovation.
The joint venture between FAW Jiefang and CATL—FAW Jiefang Times New Energy Technology Co., Ltd.—will work to leapfrog growth in the sales of new energy commercial vehicles. Currently, driven by the government’s “dual carbon” strategic goals, the green transformation of the commercial vehicle transportation industry, is imminent and holds significant market potential. Data from the China Association of Automobile Manufacturers shows that from January to November 2024, the sales volume of new energy commercial vehicles in China reached 462,000 units, with a year-on-year increase of as high as 31.1%.
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