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  • PowerTALK™, August 2022

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    In this issue of PowerTALK News we introduce a new feature, Alternative Power Report, written by Guy Youngs. The monthly feature will include news and analysis about EV and power sources such as batteries and fuel cells. Also in this issue are articles about Daimler’s new strategy regarding its Western Star Brand, and update on Personal Watercraft, and the implementation of China IV emissions regulations starting Dec. 1, 2022.

    IN THIS ISSUE
    • Alternative Power
      • BMW keen on hydrogen fuel-cell EVs
      • Australian solar park could generate hydrogen for less than $2/kg
      • Tesla deploys lounges at Supercharger stations
      • BorgWarner buying EV charging company to boost growth
    • North America:
      • Daimler Beefs Up Western Star Brand
      • Personal Watercraft Production Grows
    • DataPoint: NA Tillers
    • Europe: Report:
      • 100,000th lithium-Ion Forklift for Jungheinrich
      • MAN Launches New Generation Engine
    • Brazil/South America:
      • Brazil Implement Registrations Remain Strong
      • Volvo Plans EV Bus for Brazil in 2023
      • Mercedes To Deliver 1000 EV Bus by 2023 to São Paulo
      • Marcopolo To Deliver 30 EV Buses in 2022
    • China: China IV Emissions Regulation Set for December
    • Japan: Hino Motors’ Engine Fraud Covers 560,000 vehicles
    • South Korea: Hyundai Doosan Infracore Plans Hydrogen Engine
    • India: CV Industry Is Moving in Top Gear

    PSR

  • Power Systems Research Activities in Russia Paused

    March 2022- Power Systems Research has paused all research and business development activities in Russia. We have maintained a presence in Russia since 2013 to bring important updates to our clients about the powered equipment markets within Russia. We are monitoring the current situation on a daily basis and hope to again establish this presence at some point in the future when the conflict with Ukraine resolves. Please contact us at info@powersys.com if you have questions regarding…

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  • PowerTALK™, July 2022

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    Read about the European Battery Show in the July issue of PowerTALK, and Emiliano Marzoli’s interview with Dow officials about their product plans. Also in this issue is Jim Downey’s forecast on the North American economy and Jack Hao’s report on the sharp decline in China’s heavy truck sales.

    IN THIS ISSUE
    • North America:
      • Economy Faces Multiple Problems
      • UTV & ATV Market Dynamics
    • DataPoint: NA/Global Personal Watercraft
    • Europe: Report: Battery Show-Europe
    • Brazil/South America:
      • Mercedes Makes Fourth Shutdown in Brazil
      • US$ 65 Billion Agriculture Funding Plan
    • China: Heavy Truck Sales Fall by More Than 60%
    • Japan: Venture Firm Plans Electrification Projects
    • South Korea: Hyundai Launches Flagship EV, the IONIQ6
    • Vietnam:  VinFast Ends Sales of Two Gasoline Vehicles
    • India: CNG Vehicles Are Moving in Cruise Mode

    PSR

  • CNG Vehicles Are Moving in Cruise Mode

    INDIA REPORT 
    Aditya Kondejkar

    Sales of CNG (Compressed Natural Gas) vehicles in India are set to scale a new peak, driven by robust double-digit expansion in 2023 demand, with lower total ownership costs decidedly tilting the scales in favor of gas-powered cars instead of those running on liquid automotive fuels.

    “We are seeing excellent traction for CNG vehicles,” says Tarun Garg, Director – Sales, Services and Marketing, Hyundai Motor India. “CNG provides a very good option to customers in terms of reduced total cost of ownership. Not only is the price of CNG fuel less than petrol/diesel, the fuel efficiency, too, is relatively better and emissions are lower.”

    Currently, the country has more than 4,500 operational CNG stations, compared with fewer than 1,000 in 2014. To push adoption of CNG vehicles in the personal mobility space, in 2019, the petroleum and natural gas ministry announced plans to set up more than 10,000 CNG stations over the decade. It is anticipated that the country will save approximately  Rs 2 lakh crore in oil imports if personal car users switched to CNG vehicles. Read The Article

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  • VinFast Ends Sales of Two Gasoline Vehicles

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    VIETNAM REPORT
    Akihiro Komuro
    Akihiro Komuro

    VinFast, an automotive subsidiary of Vingroup, the largest conglomerate in Vietnam, announced that it ended orders for two types of gasoline-powered vehicles in early July. The models covered are SUVs and sedans, and the company now will only sell the Fadil, a compact gasoline-powered vehicle. The company has announced its plan to withdraw from the production of gasoline-powered vehicles by the end of this year and is hastening its shift to EV production.

    VinFast states that the reason for the suspension of orders for the two models is that “procurement of parts has become difficult and the number of units delivered to customers was not as large as expected.” The company did not mention the timing of the suspension of orders for Fadil. The company began selling EVs in Vietnam in December 2021.

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  • Hyundai Launches Flagship EV, the IONIQ6

    SOUTH KOREA REPORT
    Akihiro Komuro
    Akihiro Komuro

    Hyundai Motor Company unveiled in July its flagship EV model, the IONIQ 6, that has a driving range of 6.2 kilometers per kilowatt-hour, a 20% increase over the current 5 model. The cruising range was also increased by 22% to 524 kilometers or 326 miles, (based on Korean government certification standards). Hyundai Motor claims that its EVs have the world’s highest level of electricity consumption efficiency.

    The company called the IONIQ 6 “a ‘mobile personal studio,’ a space where you can rest and relax on your own. It offers a new experience that is different from existing EVs.”

    In Korea, pre-orders will begin in late July, with shipments starting in September. Pricing will start at 55 million won (approximately 5.8 million yen), and sales are expected to reach 12,000 units by the end of the year. It will be released in Europe by the end of the year and in the US in the first half of 2023. Sales in Japan have not yet been decided. The newly announced “6” has a lighter body, and the cruising range has been extended by improving the energy-saving performance of the drive components and semiconductors.

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  • Venture Firm Raises 4.2 Billion Yen for Electrification Projects

    FAR EAST: JAPAN REPORT
    Akihiro Komuro
    Akihiro Komuro

    PowerX, Inc. says it has raised 4.15 billion yen in funding for two electrification projects: one is to develop its own “Power ARK,” a ship that carries electricity, and the other is to build a large-scale storage battery factory in Japan.

    The idea behind the Power Transfer Vessel is to store electricity in container-shaped storage batteries and transmit it by ship, with an eye toward the expansion of offshore wind farms. Conventionally, power is transmitted from offshore wind farms to land via submarine cables, but the aim is to develop the Power Transfer Vessel that can replace submarine cables. This will make it easier to construct power plants offshore in windy distant seas. The construction of submarine cables that pass high-voltage electricity is environmentally hazardous, but the Power Transfer Vessels are cheaper than cables and will enable power transmission to be realized sooner.

    Power Ark 100. The first vessel, the “Power ARK 100,” will have a length of approximately 100 meters and will be equipped with 100 storage batteries in the form of shipping containers, enabling it to store 220 MWh of electricity. This is roughly equivalent to one day’s worth of electricity for one city (22,000 households). In the event of a large-scale power outage or other disaster, the ship will serve as a contingency power source. Larger vessels are also planned, and a 220-meter-long vessel capable of carrying 3,000 containers would be able to transport 5,660 MWh of electricity.

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  • Heavy Truck Sales Fall by More Than 60% in H1 2022

    CHINA REPORT
    Jack Hao
    Jack Hao

    The heavy truck industry fell in the first half of 2022 by more than 63% from the previous year. According to the latest statistics from the China Automobile Association, for January to June this year, the overall sales volume of the domestic heavy truck market was about 380,000 units, a decrease of 63.6% compared with the same period last year.

    In June, the sales volume of China’s heavy truck industry was only 55,000 units, a year-over-year decrease of 65%. The main reasons for the decline in heavy truck sales this year are the upgrading of emission standard from “China V” to “China VI” last year, which caused a pre-buy in the market, and the impact of the epidemic this year, which depressed the logistics and transportation market, further curbing demand for new trucks.

    The heavy truck industry is a cyclical industry, and its development cycle fluctuates due to changes in environmental protection policies and the overall economy. Following a 14 month decline in sales, the primary concern in the heavy truck industry is this: When will there be a turnaround?

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  • Brazil Government Announces US$ 65 Billion Agriculture Funding Plan

    The Brazil government announced June 29 the new Safra Plan for 2022/2023 with a total of R$ 340 Billion (US$ 65 Bi) to fund business related to Agriculture,  including Agricultural Machines and Trucks for product transportation. The amount is 36% higher than the previous year plan.

    Source: Automotive Business     Read The Article

    PSR Analysis: While the volume of funds is higher, the interest rates are also higher. In addition, the prices of agricultural supplies are higher…

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  • Mercedes Makes Fourth Production Shutdown in Brazil

    BRAZIL/SOUTH AMERICA REPORT  

    Despite high demand, Mercedes announced its fourth temporary production stop at the plant in São Bernardo do Campo-SP, from July 4-15. In the announcement, Mercedes mentions the shortage of components and its effort to work with the supply chain to meet commitments with customers.

    Source: Automotive Business     Read The Article

    PSR Analysis. The shortage of components, particularly semiconductors, is taking longer than expected and is affecting…

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