PowerTALK

  • E-Motorcycles Market Update

    NORTH AMERICAN REPORT
    Michael Aistrup
    Michael Aistrup

    The global e-motorcycle market has experienced high growth in the last couple of years, fueled in part by the declining price of Lithium-ion batteries. The battery is one of the most expensive components of an e-motorcycle, and changes in the price of Li-ion batteries affect the entire cost of an e-motorcycle. The cost of Li-ion batteries has been steadily declining, and this trend is likely to continue.

    Power Systems Research has forecasted the global CAGR…

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  • Cummins Develops Hydrogen-Powered Engines

    NORTH AMERICAN REPORT
    Chris Fisher
    Chris Fisher

    Cummins, Inc., is working to develop hydrogen-powered engines, using approaches for  Hydrogen combustion engines and hydrogen fuel cells.

    Both hydrogen engines and hydrogen fuel cells are better suited for long haul and many regional-haul truck applications than pure battery electric vehicles.

    In North America, Cummins plans to introduce hydrogen internal combustion engines across their existing engine platforms starting in 2024. 

    Read The Article

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  • Komatsu Announces Expansion in Brazil

    BRAZIL/SOUTH AMERICA REPORT  
    Fabio Ferraresi
    Fabio Ferraresi

    Komatsu announced planned investment of US$ 30 million (R$ 158 M) for a second cycle of production capacity expansion of its Suzano Plant in Brazil. According to Komatsu, production capacity will be increased 26%. Komatsu has invested US$ 20 million (R$ 100 M) during the last three years for 32% capacity expansion and improvements in safety and environmental impact.

    Source: M&T Magazine      Read The Article

    PSR Analysis:…

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  • Agrishow 2022 Sells US$ 5 Billion in Ag Equipment

    Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.

    Source: Info Money    Read The ArticlePSR Analysis:…

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  • PMI Electro To Set Up EV Manufacturing Plant in Maharashtra

    INDIA REPORT 

    Aditya Kondejkar

    Electric bus maker PMI Electro announced the setting up of its largest EV manufacturing plant with annual production capacity of 2,500 vehicles at Chakan in Maharashtra.

    Source: Economic Times       Read The Article

    PSR Analysis: PMI operates a manufacturing facility in Delhi, India’s capital region, which has an annual production capacity of about 1,500 electric buses. With the planned facility in Pune, the total annual…

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  • Vietnam’s Dat Bike EV Motorcycle Enters SE Asia

    SOUTHEAST ASIA: VIETNAM REPORT

    Vietnamese electric bike manufacturer Dat Bike says it has raised $5.3 million. This brings the total raised by Dat Bike, founded in 2019, to $10 million. The funds will be used to invest in technology, increase production, expand operations to major cities in northern, central, and southern Vietnam, and hire skilled workers.

    Dat Bike is a tech startup that plans to promote environmentally friendly transportation, first in Vietnam and then soon in Southeast Asia. The company’s strength lies in the performance of its electric bikes compared to gasoline-powered bikes. The company achieves this through vertical integration, in which key components such as speed controllers and batteries are designed and manufactured in-house.

    The company currently sells two products: the Weaver, launched in 2019, has an output of 5 kW, about three times that of most electric bikes in the same price range. It has a range of 100 kilometers, about twice as long as competing models.

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  • Hyundai Sells More Than 800 EVs at Indonesia Auto Show

    FAR EAST: SOUTH KOREA REPORT

    Hyundai Motor Indonesia (HMID) said it has signed contracts for more than 800 units of the Ioniq 5 EV announced at the Indonesia International Motor Show (IIMS) Hybrid 2022 in Jakarta.

    The company announced that it has started mass production of the Ioniq 5 and that it will begin shipping to dealers in April. The Creta SUV was the second most sold model after the Ioniq 5, with approximately 600 units sold, bringing the total number of vehicles sold to over 1,500, including EVs and gasoline-powered vehicles.

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  • MEGURI2040: The Fully Autonomous Ship Program

    FAR EAST: JAPAN REPORT
    Akihiro Komuro
    Akihiro Komuro

    The Nippon Foundation, Mitsubishi Heavy Industries Group company Mitsubishi Shipbuilding Co., Ltd., and Shin Nihonkai Ferry Co., Ltd. have successfully completed a demonstration test of the world’s first fully autonomous ship navigation systems on a large ferry, conducted on the Iyonada Sea from Shinmoji, Kitakyushuu City, in January.

    This demonstration was part of MEGURI2040, a fully autonomous ship navigation project launched by The Nippon Foundation in February 2020.

    Japan’s declining birthrate, aging population, and shrinking population have resulted in labor shortages in many fields. Seafarers in coastal shipping, which requires hard work on board, are no exception. More than half of the seafarers in coastal shipping are over 50 years old, which poses a major challenge.

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  • Beijing Plan Calls for 100% EV Commercial Vehicles

    CHINA REPORT
    Jack Hao
    Jack Hao

    Under its new Five Year Plan, Beijing will expand restriction on the use of vehicles entering Beijing. At the same time,  Beijing will restrict the use of China III diesel trucks and will implement regional traffic restrictions during peak hours of working days, strengthen the management of illegal electric three and four wheeled vehicles, and implement a preferential traffic policy for new energy logistics and distribution vehicles.

    The Five Year Plan also calls for the promotion of low-carbon new energy transportation tools, and the promotion of “oil for electricity” of vehicles in public transport, rental (including cruise and online appointment), tourism and freight transportation.

    Today, 69,000 diesel trucks have been eliminated in Beijing, and the proportion of clean energy and new energy vehicles in public transportation has reached 90.2%. Beijing plans to accelerate the promotion of new energy intelligent vehicle technology and cost reductions in many applications.

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  • DATAPOINT: 2022 U.S. Production Hydraulic Power: 6,800 Units

    6,800 units is the estimate by Power Systems Research of the number of Hydraulic Power Units to be produced in the United States during 2022.

    A Hydraulic Power Unit (HPU) usually refers to a self-contained, free-standing engine assembly that is used to drive one piece of equipment. HPUs are powered by internal combustion engines or AC/DC electric motors.

    This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides…

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