Beijing Accelerates “Fuel for Battery” Policy

News: Greater China

2021-03-20

Beijing Accelerates “Fuel for Battery” Policy

Qin Fen
Qin Fen

The Beijing Municipal Commission of Transport in February issued an action plan describing how to switch out IC-powered light commercial vehicles in urban areas.

The city government will subsidize fleet companies switching out 20 gasoline or diesel powered vehicles to battery-powered cargo vehicles one time before Aug. 31, 2021.  The government will issue city passes to fleet companies on more favorable terms than ICE powered cargo vehicles.

There will be a government transportation center to monitor every battery-powered vehicle on operating range, GPS, etc., in case someone embezzles government subsidy.

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2021-02-23

Gogoro Network Powered Through Innovative Solutions

To date, there have been over 151 million battery swaps, an average of 2.8 per second.

Erik Martin
Erik Martin

TAIPEI (Taiwan News) — Imagine being asked to design and build a totally new, green energy infrastructure for an entire country — from scratch.

This was the goal given to Gogoro Network (GN) General Manager Alan Pan (潘璟倫) by Gogoro founder and CEO Horace Luke (陸學森). Sitting down for an interview with Taiwan News, Pan described some of the issues electric scooters faced before Gogoro, including limited charging solutions due to lack of space in Taiwan and high battery and maintenance costs.

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2021-02-22

Truck News: Ask The Expert

Chris Fisher
Chris Fisher

What changes do you see in the PSR Truck Production Index in the fourth quarter compared to the third quarter of 2020?

Overall, we are seeing stronger momentum for commercial truck orders and sales which bode well for production in Q1 2021.

Supply chain issues will impact short term production as companies are still having difficulty with staffing numbers and various virus protocols that disrupt production. These problems are expected to continue throughout at least the first half of the year.

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2021-01-25

Weichai Takes 60% Stake in Agricultural Equipment Maker

Qin Fen
Qin Fen

Weichai Holding Group Co., Ltd., a leading Chinese powertrain manufacturer, has acquired a controlling stake in Lovol, one of the country’s major agricultural equipment makers.

Source: Xinhua News Agency    Read The Article

PSR Analysis: People look up to leading companies in industry because often times they are not just leading the trend, they are also setting an example of weathering the storm during crisis.

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Italy’s CNH and China’s FAW in Talks Over Truck Maker Iveco

CNH Industrial is in talks with China’s FAW over the future of truck maker Iveco, the Italian-American group said recently after sources told Reuters it had revived previously aborted negotiations.

Source: Reuters    Read The Article

PSR Analysis: Another positive development in the industry during such a gloomy crisis, FAW fits the merger success story I just mentioned about the few surviving companies.  There are for sure many challenges ahead with the acquisition, particularly after the take-over, but there are so much to celebrate if the deal can be finalized.

Both Europe and China are investing in each other’s market, Scania, MAN, Daimler and Volvo are all setting up new factories or strengthening ties with current partners in China. 

And now we see FAW is putting their focus in the European market by engaging with Iveco.  Both sides have seen potential growth on one another’s market.  European truck makers will bring along new concept and technology to China’s market and likes of FAW will bring along cost saving and localization practices for its European counterparts

This is another sign that Chinese companies are moving more and more of their focus on the overseas markets, we will only see more of this coming in the future.  PSR

Qin Fen is Business Development Manager-China for Power Systems Research

VW To Build $3 Billion EV Plant in East China

Jack Hao
Jack Hao

VW China has increased its share in the electric vehicle joint venture JAC Volkswagen to 75% and obtained joint venture management rights. At the same time, it has obtained a 26% stake in the EV battery maker Gotion High-Tech to support the future electrification of the group. The total investment of the above two projects is estimated to be about €2 billion.

The plant, which has an estimated investment of US$3.06 billion (20 billion yuan) from both Volkswagen and JAC Motors, will be finished by the end of 2022, and its first vehicle will roll off the assembly line in 2023.

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2020-10-28

Tesla Cuts Prices of China-Made Cars

Jack Hao
Jack Hao

Taking advantage of new battery options and big government subsidies, Tesla has slashed its Model 3 prices in China. The company’s Chinese website is now advertising a base price for the popular battery-electric sedan of 249,900 yuan, or roughly $36,800.

While this is big news for the company in its efforts to remain dominant in the Chinese market, U.S. consumers won’t be affected…at least, not yet

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2020-08-23

Doosan Sells 10,000 Excavators in China in H1 2020

Doosan Infracore announced that it sold 10,728 hydraulic excavators in China in H1 2020. This is the company’s largest sales volume in nine years since it sold more than 12,000 units in the market in H1 2011. The company sold 1,320 excavators in June, a 23% increase in sales over the previous year.

Akihiro Komuro
Akihito Komuro

China’s hydraulic excavator market suffered a slowdown in the first two months of the year due to COVID-19 but is now consistently showing signs of a rapid recovery. Overall sales in the Chinese hydraulic excavator market exceeded 155,000 units in H1 2020, significantly exceeding the 125,000 units sold nationwide in H1 2019.

Source: Kikai-News (The original article was partially revised by the author.)

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How Does Market Brace for Low Speed EV Impact?

By August 12, after 20 days of product launch, SGMW’s MINI EV will hit a sales record of 15,000 vehicles, making it the world’s fastest car model reaching the threshold of 10,000 units.

Source: D1 EV      Read The Article

Qin Fen
Qin Fen

PSR Analysis: Consider BYD’s electric bus, SGMW’s MINI EV, as well as premium car brands like Tesla: These traditional and emerging automotive OEMs are reformulating rules of the auto game, with their own proprietary technology. 

As a matter of fact, it’s not just the automotive market that needs to brace for the impact of electrification, the off-road market also is trending toward electrification.  The changing markets include passenger car, light commercial vehicle, medium and heavy duty vehicle, forklift, and lawn mower. Will this wave continue to expand to other off-road applications?  How much more will it change the rules of the game?     PSR

Qin Fen is Business Development Manager for Power Systems Research

2020-07-26

National Grid Joins Switch-on Mode Team

Qin Fen
Qin Fen

In July, MIIT (Ministry of Industry and Information Technology summoned a meeting with local governments, industry associations and automotive companies on battery switch-on implementation.  People attending offered thoughts on implementing battery switch-on operations, sharing recommendations for policy and discussing challenges of proposed actions.

Source: D1 EV     Read The Article

PSR Analysis: Electric vehicle development is facing several different technology road maps.  While the automotive industry prefers plug-in and charging, grid companies are more inclined to favor the battery switch-on mode based on grid reliability. 

Such debate is good for advancing electrification in the auto industry, it is vital to have all participants’ input before promoting electric vehicles on a larger scale. PSR

Qin Fen is Business Development Manager – China, for Power Systems Research