Regions
-
FAW Jiefang Launches First Hydrogen Engine

Jack Hao In December, FAW Jiefang began production on its first hydrogen engine in Dalian, Liaoning Province, marking a key step for it in the field of green intelligent transportation.
The project is expected to have a total investment of US$84.41 million (614 million yuan), building medium-sized engines ranging from 5 to 7 liters, heavy-duty hydrogen engines, and production lines. The CA6HV3 production line is the world’s first hydrogen engine production line; it will help FAW Jiefang build a more complete powertrain product line. It is reported that the CA6HV3 hydrogen engine, independently developed by FAW Jiefang, is the first domestic heavy-duty commercial vehicle direct-injection hydrogen engine in China. It leads the country in thermal efficiency and product reliability and achieves zero carbon emissions.
-
Tractor Industry Sees H2 2024 Revival
INDIA REPORT

Aditya Kondejkar The Indian tractor industry, which faced a stagnant first half of the fiscal year, is pinning its hopes on a robust second-half performance. With favorable developments like healthy reservoir levels, improved minimum support prices (MSPs), and a positive outlook on the Rabi crop, manufacturers are optimistic about achieving double-digit growth by the year-end.
H1 Performance: A Mixed Bag
In the first half of the fiscal year, tractor sales remained flat, growing marginally to 472,000 units from 469,000 units in the same period last year. The industry’s decline in FY2024 to 876,000 units, following a record-breaking FY23 at 945,000 units, underscores the impact of a high base effect, weak precipitation, and uneven monsoons. A shift in the festive calendar, with Diwali and Dhanteras occurring later this year, also affected demand in the early months. -
Bauma China Demonstrates New Technology
SHOW REPORT

Jack Hao 
Dalibor Sablic The Bauma CHINA 2024 trade show, held at the Shanghai New International Expo Centre from November 26-29, showcased a significant evolution in the global construction machinery industry. The event expanded to 330,000 square meters, featuring 3,542 exhibitors from 32 countries and attracting 281,488 visitors from 188 nations, a remarkable recovery from the pandemic-impacted 2020 edition.
This year’s exhibition highlighted trends such as electrification, sustainable technologies, digital innovations, and intelligent system integration. Chinese manufacturers like Dingli, LGMG, and Sinoboom demonstrated dominance, presenting groundbreaking products in new energy and hybrid solutions, while the presence of Western manufacturers was notably reduced.
-
2024 NA UTV Production

4-Wheeled ATV is short term for All Terrain Vehicle. It commonly has 4 wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other.
Product: Industrial Utility Vehicles These four-wheel gas, electric and diesel vehicles are used for a wide variety of applications such as moving…
-
Ashok Leyland Expects Strong Export Performance

Aditya Kondejkar “Our next target in terms of geographical expansion is Southeast Asia. We have been talking about it for a long time. We want to get into four different markets in Southeast Asia. “We expanded our range of products (in Middle Eastern markets) and that is why as a result we believe we should be in a position to record one of the best years when it comes to international operations” – Shenu Agarwal, Managing Director and CEO
Source: Economic Times. Read The Article
Ashok Leyland is intensifying its international expansion efforts, setting its sights on Southeast Asia to drive export growth in the coming year. This strategic push is part of a broader plan to strengthen its presence outside India while maintaining strong domestic sales. The company has already launched operations in the Philippines, with Malaysia lined up next, aiming to establish a firm foothold in the region.
-
Bosch and Jiangling Plan Joint EV Venture

Jack Hao Bosch and Jiangling Group have signed a joint venture agreement in Nanchang, planning to establish a joint venture to jointly develop and sell electric drive axle systems for light commercial vehicles. The registered capital of the planned joint venture is 500 million yuan (63 million euros), with Bosch holding 60% and Jiangling holding 40%. The newly established company will be mainly responsible for the development, application, production, sales, and service of electric drive axle systems for light commercial vehicles.
Bosch will rely on its experience in electric drive technology to provide core technical capabilities such as electric drive, electric motors, and electric control, while Jiangling Group will contribute its insights in the complete vehicle field and grasp of the local market.
-
What Is the Asia Zero-Emission Community?
The Asia Zero-Emission Community is a collaborative framework for decarbonization involving nine ASEAN countries (excluding Myanmar), Japan and Australia. It is abbreviated as AZEC. The first summit was held in December 2023. The principles of the initiative are “decarbonization through diverse pathways that take into account the circumstances of each country” and “simultaneous realization of decarbonization, economic growth, and energy security”.
Many countries in Southeast Asia rely on fossil fuels such as coal and natural gas to generate electricity. Japanese companies are driving the adoption of renewable energy, and the Japan government is also providing support through subsidies and other means. As of the end of 2023, 120 cooperation projects have been implemented between Japan and countries in the region.
-
2023 Global PWC Market Estimated at US$2.5 Billion
The Personal Watercraft/Jet-ski Market size was valued at USD 2.544 billion in 2023, according to Power Systems Research, and is estimated to register a CAGR of 5.44% between 2024 and 2032.
Market Trends. Manufacturers are investing in developing PWCs made of environmentally friendly materials and e-powered personal watercraft that are cleaner and more efficient.
-
NY Trucking Group Pushes for Delay of Emissions Rule

The Trucking Association of New York (TANY), along with Assemblywoman Donna Lupardo and other state transportation stakeholders, called on legislators to reconsider implementation of California Air Resources Board (CARB) Advanced Clean Truck (ACT) regulations set to take effect in the state just more than two months from now.
TANY President Kendra Hems called for an “immediate delay.” New York joins Oregon in attempting to flex rules that were supposed to launch in January requiring a percentage of new trucks sold in their states to be zero-emission vehicles.
-
MOVIMAT 2024 Highlights Electric Products
SHOW REPORT
For more information on the OEM products market, visit OE Link, the Power Systems Research proprietary OEM products database.
The 35th MOVIMAT show brings together the entire integrated logistics chain for Latin America. Held in conjunction with the 2024 Fenatran International Road Cargo Transport Show in São Paulo, Brazil, the event attracted a diverse range of exhibitors, including buyers from industries such as distribution, wholesale, retail, and e-commerce,…
OE Link™ Offers
Model Level Detail
Discover how our OE Link™ database can help you expand your markets.
TPI
PSR Truck Production Index
Free quarterly global commercial vehicle production report.
Alternative Power Report
The latest EV and power source news including batteries and fuel cells with analysis by PSR experts.
OE Link™ Offers
Model Detail by Segment
OE Link™ database delivers OEM products in 13 industry segments, including Agricultural, Construction, Industrial, and Commercial Vehicles.
PowerTALK News
Stay informed each month with insights from Power Systems Research’s analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
Subscribe View Archive
DataPoint Reports
- North America 2026 Crawler Production
- North America Aerators Production
- North America Snowblower Production
- North America Tractor Production
OE Link™ Offers
Global Coverage
OE Link™ database provides OEM products, both On-Road and Off-Road, in 12 regions.
Show Reports
- CONEXPO – Summary Report
- CONEXPO 2026 Shows Hybrid Power Gear
- South America Paving Expo 2025 Sets Records
Current Reports
Download complimentary reports that show the type of information available from Power Systems Research.
PowerTALK News
Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.
Subscribe