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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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Lithium-Air Battery Could Offer Longer Range
Most owners of electric cars have wished for a battery pack that could power their vehicle for more than a thousand miles on a single charge, and Range Anxiety is a big issue for EV adoption. Researchers at the Illinois Institute of Technology (IIT) and U.S. Department of Energy’s (DOE) Argonne National Laboratory have developed a lithium-air battery that could make that dream a reality.
The main new component in this lithium-air battery is a solid electrolyte instead of the usual liquid variety. Batteries with solid electrolytes are not subject to the safety issues of liquid electrolytes used in lithium-ion and other battery types, which can overheat and catch fire.
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Subway Sandwiches To Add EV Charging Stations
Guy Youngs In the August 2022 issue of PowerTALK, we reported that Tesla had deployed cube lounges at Supercharger stations with automated coffee, food, and even a swimming pool. Well, the Subway sandwich folks want to get in on the act, too.
Subway is teaming up with Miami-based GenZ EV Solutions to provide an “EV charging oasis” of the future so you can eat while your EV charges. Starting in 2023, “Subway EV charging oasis” parks with multiple spots, picnic tables, Wi-Fi, restrooms, green space, and playgrounds will be installed at select locations. As part of the plan, new or freshly remodeled stores will get small-format, fast EV charging stations.
Source: Electrek: Read The Article
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Study Shows Plug-in Hybrids Dirtier than Believed
Plug-in hybrids pollute up to three times more than advertised, even when fully charged, and emit five to seven times as much CO2 when the engine is running, according to a new study commissioned by Belgian NGO Transport & Environment (T&E) and conducted by the University of Technology in Graz, Austria
The study measured emissions from three popular models: the BMW 3 series, Peugeot 308, and Renault Megane. Like many plug-in hybrids, these cars started as gas/diesel-powered models and then a battery was added on to improve emissions testing performance and mileage
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Hyundai Keeps Gamma Engine in Units for Colombia
The new HB20 auto landed in Colombia with new body but is powered by an old engine. Hyundai Motor Brazil started exporting the new face lifted compact with an engine that the hatchback no longer fits versions running in Brazil.
The Colombian version is exported with the 1.6 16V aspirated Gamma engine.
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Hyundai To Start Operations at Plant in Vietnam
FAR EAST: SOUTH KOREA REPORT
Akihiro Komuro A joint venture between South Korea’s Hyundai Motor and Vietnamese conglomerate Thanh Cong Group has started operations of an automobile plant in the northern Vietnamese province of Ninh Binh.
With an annual production capacity of 100,000 vehicles, the combined annual production capacity with the existing plant will reach 180,000 by 2025. The company will ship domestically as well as to neighboring countries. The new plant, operated by the joint venture Hyundai Thanh Cong, will have an investment of 3.2 trillion dong (about 18 billion yen). The plant will cover an area of approximately 50 hectares and include a test driving course.
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Union Budget 2023 Focuses on Capex
INDIA REPORT
Aditya Kondejkar As part of its 2023 Budget, the government has reiterated its focus on capital expenditures, the vehicle scrappage policy, and a reduction in customs duty for electric vehicle components that is designed to stimulate new vehicle sales. A reduction in customs duties and a plan to replace older, polluting vehicles will boost the adoption of green mobility.
“The increase in capex on infrastructure and the emphasis on green growth will help the mobility sector,” said Sudarshan Venu, MD, TVS Motor Company. “This budget gives something to everyone, from rural India and start-up India, to middle-class India and digital India. It is about inclusive growth and building on the recovery we are seeing after the pandemic. It strikes a fine balance between growth and fiscal prudence.”
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Are Hydrogen Engines in Your Future?
Guy Youngs According to newly published research by Interact Analysis, hydrogen internal combustion engines (H2 ICE) are forecast to be sold in 220,000 vehicles in 2035.
On the plus side, H2 ICE vehicles have some notable advantages. The engine technology is reasonably similar to diesel engines, enabling use of existing knowledge, design and production vehicles. The vehicles can deliver high power, work with impure fuel, work in dirty and dusty conditions and refuel quickly.
On the downside, there is no hydrogen infrastructure in place in almost all locations in the world, there is a lack of awareness about the technology and limited development so far. Most importantly, the current cost of hydrogen fuel is high – it will need a big reduction before the vehicles can become competitive. Even at half the cost of today, H2 ICE vehicles do not have a good total cost of ownership. The cost of the engine is not substantial, but the cost of the tanks adds a lot to the cost of the vehicle, then there is infrastructure and above all hydrogen fuel.
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Hyundai Plans $14.7 Billion for Software Development
FAR EAST: SOUTH KOREA REPORT
Akihiro Komuro Hyundai Motor Company is getting serious about developing the software needed for automated driving, etc. It has decided to invest $14.7 billion by 2030 and has begun building a development structure and embarking on M&A.
Hyundai Motor Company has achieved record profits through a shift in strategy in conjunction with a generational change. The company plans to further improve profitability in the software field, where customers can add functions to their cars after purchase. But acquiring human resources will be an immediate challenge for Hyundai.
The “Over the Air (OTA)” function, which updates the latest software via the Internet, will be standard on all new models released in 2023 and after. The plan is to establish a system that allows users to be charged according to function updates. The company will first introduce content such as car navigation systems, audio, lighting, and remote-control functions, and then expand into peripheral areas such as auto insurance policies, to diversify and upgrade services in response to customer needs.
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