Cummins To Produce New Off Highway Engine at Guarulhos Plant

News: Central/South America

2023-11-16

XCMG To Invest US$ 55 Million in Brazil Electric Truck Plant

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

XCMG has signed a letter of intent to invest in Pouso Alegre, in the south of the state. XCMG also plans to invest in the creation of a research and development center in the state.

Source: Brazil Mineral     Read The Article

PSR Analysis: The letter of intent reaffirms the intention of XCMG to gain market share in Brazil, not only on the Off Highway Electric Truck segment, but also in Brazil’s On Highway Truck segment they entered in May 2023. XCMG, the world’s third largest CE producer, threatens CAT, Komatsu and Volvo in the OH Tuck segment and plans to become a player in the On Highway market. It should be noted that XCMG already has a 500,000 square meter plant in Pouso Alegre and probably has enough space to make the investment only for equipment and tools for assembly.   PSR

Fabio Ferraresi is Director, Business Development South America, for Power Systems Research

Vehicle Production in Brazil Stagnates

During the first 10 months of 2023, Brazilian On Highway Vehicle production faced challenges, with an increase in imports of approximately 58,000 units from January to October and a simultaneous drop in exports by more than 52,000 vehicles. The outcome was a stagnation in production, as only 1,950,000 passenger cars, Minivans and SUVs, light commercial vehicles, trucks, and bus chassis were produced. This marked a decrease of 0.6%, equivalent to almost 12,000 vehicles, compared to the same period in 2022, as reported by Anfavea on Nov. 8, 2023.

Read More»

Brazilian Marcopolo OKs Fuel Cell bus in Europe

With a capacity of 53 passengers, Marcopolo’s model, the Audace Fuel Cell, is a road unit. The version of the product made in China that has been exhibited and already approved for Europe, carries the cylinders in the luggage rack. Kent Phang, the Sales Director of Allenbus, partner of Marcopolo on the FC vehicle, says there is also an option to place the hydrogen cylinders over the body. With four cylinders, the vehicle exceeds 500 kilometers, according to the company. With six cylinders it is possible to reach 900 kilometers.  

Read More»