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Japan Sees Hydrogen as Main Fuel by 2030
Akihiro Komuro The government of Japan has set a target of 10 million tons of hydrogen to be used in Japan by 2030, enough to operate more than 30 nuclear power plants. This would be more than 10% of the total electricity capacity in Japan.
It will also hasten the practical application of hydrogen power generation and accelerate the spread of FCVs. The government will provide support through a newly established 2 trillion Yen fund and tax incentives for capital investment.
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Thailand Sets Incentives for EV investment
The Thai government has introduced a new investment incentive program to encourage domestic production of EVs. The new incentives will exempt the payment of corporate tax for eight years for those who invest more than 5 billion baht (about 17 billion yen) to produce an EV.
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Columbia Auto Market Maintains Growth Curve
The Colombian auto market has retained its growth curve in October by posting sales of 20,900 units, up 13.3% compared to September, a month which also grew 39% above August. Data source: Andemos
The Andemos said this recovery is due to the increase of procurement for “safe transportation” as well as reopening of the economy and ending of personal isolation.
According to Andemos, if no new measures requiring isolation are taken, then the reduction compared to 2019 will be around 30%
Source:…
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Russia To Start Making Diesel Engines for Passenger Cars
Maxim Sakov Today, there is no mass production of diesel engines for passenger cars in Russia. Production of the last such project, the turbodiesel ZMZ-514 for UAZ SUV, was halted several years ago.
But next year Russia will resume mass production of diesel engines for passenger cars. The PSMA Rus plant in Kaluga will make 1.6-liter diesels of the DV6 family, designed by French PSA. The production start is planned for mid-2021.
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AutoVAZ Shows Best Monthly Sales for 6 Years in October
During October 2020 AutoVAZ increased sales of Lada cars (including the Niva brand) by 22.5% to 37,030 vehicles. This is a best result since October 2014, when the company sold 37,788 cars.
Marketing and sales vice-president of the OEM Mr Morne has explained demand and sales growth by State and own support programs.
AutoVAZ plans to work Saturdays and holidays during November to meet low inventories of cars among dealers. Read The Article
PSR Analysis: It appears that the grim forecast…
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Production-Linked Incentive (PLI) Scheme Might Draw Investors
Aditya Kondejkar The Union Cabinet has approved an expansion of the Production-Linked Incentive (PLI) scheme to include 10 more labor-intensive industry segments. The PLI outlay for automobiles and auto components is the highest at Rs 57,042 crore over five years, roughly Rs 10,000 crore a year.
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Sollers-Ford Restarts Engine Plant in Elabuga
Maxim Sakov JV Sollers-Ford will resume production at its engine plant in Elabuga; the plant was closed in the summer of 2019 after Ford has left the Russian Passenger Car market. The engine plant in Elabuga is again owned by JV. Total investment in new project is expected to exceed US$ 8 million (627 million rubles).
The plant will produce diesel engines for LCV Ford Transit units. Mass production is planned for 2023, and production capacity will be 25,000 engines per year.
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Hyundai Plant in St Petersburg To Reduce Production by 15%
Hyundai plans to reduce annual production by 15% at its St Petersburg plant, according to plant director A. Kossack. As he notes, production volume at the plant has dropped significantly this year: in H1 2020, the plant produced only 73,000 cars, 25% of its production capacity.
Taking into consideration September’s output of 24,000 cars, total production volume through the end of the year should reach about 200,000 vehicles, almost 15% below the 2019 results. The plant has just returned to a three-shift…
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DICV To Strengthen Dealership Network
Aditya Kondejkar Daimler India Commercial Vehicle (DICV), a subsidiary of Stuttgart-based Daimler, plans to increase its dealership count by 10% to 250 this year. Read The Article
As Ashok Leyland (second largest player in the MH CV segment) is reducing its business to focus on SCV, DICV is adopting an aggressive strategy in the struggling Indian MH CV industry.
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Hyundai and LG Electronics To Collaborate on In-Car Appliances
Hyundai Motor will collaborate with LG Electronics on home appliances for the interior of electric vehicles. The two companies will work together to develop OLED TVs to be mounted on the ceiling and walls, as well as home appliances such as refrigerators and coffee makers that make the interior of the car more comfortable. They unveiled the next generation concept car “Ionic Concept Cabin.”
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