Regions | Power Systems Research

2024-02-27

LGMG and CATAL Sign Strategic Cooperation Agreement

CHINA REPORT

On Jan. 20, 2024, Lingong Heavy Machinery Co., Ltd. and CATAL New Energy Technology Co., Ltd. signed a strategic cooperation agreement to jointly develop electric construction machinery.

Lingong Heavy Machinery is a leader in the global wide body mining truck and high-altitude operation platform industry and is also an active advocate and strong promoter of green, intelligent, international, and low-carbon environmental protection development in the engineering machinery industry.

CATAL is a leading global new energy innovation technology company, committed to providing first-class solutions and services for global new energy applications, and has a wide range of vehicle factory partners around the world.

Categories: Construction, Electrification, Greater China, Partnerships, Production

Office: China Office

India FY25 Budget Is Driving EV Revolution

Aditya Kondejkar

INDIA REPORT

The Indian government’s Budget for the fiscal year 2024-25 is emphasizing the automotive industry, with a particular focus on the electric vehicle (EV) ecosystem. The budget reflects a strong commitment to sustainability and green initiatives, aiming to position India as a leader in the global EV market.

This analysis delves into the key highlights and implications of the budget, drawing insights from industry leaders and experts. Here are highlights of Budget.

EV Ecosystem Reinforcement: The government’s pronounced emphasis on bolstering the EV ecosystem through support for the manufacturing and charging infrastructure has been met with widespread acclaim. Finance Minister Nirmala Sitharaman’s commitment to payment security mechanisms for e-buses underlines a strategic approach to encourage public transport electrification.

Categories: Economics, Electrification, Indian Subcontinent, Legislation, Passenger Cars, Minivans, and SUVs

Office: India Office

2024-02-23

2024 NA ATV Production: 281,000 Units

Carol Turner

281,000 units is the estimate by Power Systems Research of the number of ATVs expected to be produced in North America in 2024.

NA ATVs – Feb 2024 Download

ATV is short term for All Terrain Vehicle. This vehicle commonly has four wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other. ATVs are utilized in a variety of activities that include recreation, sport and military related needs.

This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

Exports: Mexico, up to 45% worldwide, andUnited States, up to 30% worldwide. As of 2022, approximately 60% of the ATVs Suzuki made in its Rome, GA, facility remained in the U.S. while the remainder were sold internationally.

Market Share: With combined plant totals of 26%, Polaris leads in production of 4-Wheeled ATVs in North America. In second position is Honda with 25%; third, is Yamaha with 16%.

Carol Turner is Senior Analyst, Global Operations at Power Systems Researech

Categories: Datapoint Reports, North America, Recreational Products

2024-01-23

Drivers of Heavy, Dirty Cars Pay Stiff Penalty Tax in France

Guy Youngs

As of Jan. 1, 2024, the French government has revised its “malus écologique”, a one-time penalty tax for registering bulky, CO2-emitting cars, to include many more ICE vehicles, even some of the most popular budget models.

Drivers of cars emitting 118 g/km of CO2 pay €50 (about $55), and this increases rapidly with higher CO2 emissions, with a maximum ceiling for vehicles reaching €60,000 ($65,590). Vehicles weighing 1,600 kg/1.6 tons or more will have to pay between €10 and €30 per additional kilo.

Categories: AltPwr, Emissions, Europe, Legislation, Passenger Cars, Minivans, and SUVs

Office: United States Offices

Survey: EV Range Anxiety Slips in Importance

Guy Youngs

Euromonitor International has released the results of its Electric Vehicle Readiness Index for 2023 survey, which evaluates the most prepared countries which can support widespread EV adoption.

Norway, Switzerland and Sweden ranked at the top of the index, due to EV market maturity and consumer buying power. Brazil, South Africa and India were ranked at the bottom, owing to limited government incentives, low incomes and the undersupply of public charging stations

Categories: AltPwr, Electrification, Global, Passenger Cars, Minivans, and SUVs

Office: United States Offices

Cathode Material for Cheaper, More Sustainable EVs Developed

Guy Youngs

Researchers at the U.S. Department of Energy’s (DOE) Argonne National Laboratory have invented and patented a new cathode material that replaces lithium ions with sodium and that would be significantly cheaper to produce. The cathode is one of the main parts of any battery. It is the site of the chemical reaction that creates the flow of electricity that propels a vehicle. Estimates suggest that a sodium-ion battery would cost one-third less than a lithium-ion one.

Categories: AltPwr, Batteries, Electrification, North America, Production

Office: United States Offices

Consumers, Professionals Boost Lawn & Garden Spending

Michael Aistrup

NORTH AMERICA REPORT

Lawn and garden equipment manufacturers make powered lawn and garden equipment, primarily for household and business maintenance of lawns and gardens. Equipment manufactured by this industry includes lawn tractors, riding and standing mowers, hedge trimmers, leaf blowers, woodchippers and other machinery for maintaining lawns and gardens.

Industry Trends. Increased per household spending on lawn care and gardening services by the American family, younger individuals purchasing residential property, easing of COVID-19 restrictions and other factors like lawns adding to the aesthetic appeal of the residential property, is anticipated to bolster the DIY and commercial lawn care market.

Categories: Batteries, Lawn and Garden, North America, Publications

Office: United States Offices

2024-01-22

Electric Hydro Foiling Popular in Maritime Industry

Natasa Mulahalilovic

EUROPE REPORT

The electric hydro foiling propulsion system is a fast-growing technology taking an important place in the future of the maritime industry. The revolutionary concept provides cost-effectiveness, zero-emissions, zero-noise and excellent performance values (very fast) in different types of boats for pleasure and commercial use.

Tne technology is innovative and is, for most vessels, based on a specific aerodynamic design of a boat, retractable foils, electric motors, and batteries. Hydro foiling and electric systems work together to cut through waves causing less drag and resulting in higher speed.

The use of energy is much less than for any other vessel with a traditional propulsion system. E-foiling boats give an impression of flying over water silently with no CO2 emission or any other air or water pollution. The experience is comfortable, safe, clean and speedy.

Categories: Electrification, Europe, Marine, Production

Office: Europe Office

Deutz AG To Sell Torqeedo Shares To Yamaha

Natasa Mulahalilovic

Deutz AG signed an agreement Jan. 19, 2024, to sell its shares in Torqeedo to Yamaha Motor Co Ltd. The sale of Torqeedo’s shares were planned and announced at the Deutz Annual General Meeting held in April 2023.

Torqeedo is a market leader in developing and manufacturing advanced marine electric engines and propulsion systems.

Categories: AltPwr, Batteries, Electrification, Europe, Marine, Mergers & Acquisitions, Publications

Office: Europe Office

BYD Seeks To Acquire Lithium Mining Operation

Fabio Ferraresi

BRAZIL/SOUTH AMERICA REPORT

BYD is negotiating to acquire Sigma Lithium, the largest lithium mining entity in Brazil, according to the Financial Times. The potential agreement could be valued at US$ 5 billion (R$ 14.3 billion). Sigma Lithium operates a lithium mining facility in the Jequitinhonha Valley in the state of Minas Gerais. The strategic intent behind this acquisition by the Chinese manufacturer is to secure a stable supply of raw materials essential for the production of batteries to power its electric vehicles.

BYD has expanded its presence in Brazil through the acquisition of the Ford plant in Camaçari (BA). This facility is earmarked for the production of light vehicles. Additionally, BYD operates a manufacturing plant in Campinas (SP), specializing in the production of bus chassis and plug-in hybrid electric vehicle (PhEV) panels.

Source: Financial Times Read The Article

PSR Analysis. After Tesla demonstrated interest in the same company, BYD advances its negotiations. It is in line with BYD’s strategy of verticalization and helps to solve one of the strategic bottlenecks of EV production, minerals availability and price. PSR

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

Categories: AltPwr, Batteries, Central/South America, Mergers & Acquisitions, Production

Office: Brazil Office

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2024 NA ATV Production: 281,000 Units

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