-
Hino Motors and Mitsubishi Fuso To Merge
FAR EAST: JAPAN REPORT
The announced reorganization of several commercial vehicles companies came suddenly and was one that few in the industry expected.
On May 30, Toyota Motor Corporation and Daimler Trucks of Germany announced a business merger between Toyota-owned Hino Motors and Daimler-owned Mitsubishi Fuso Truck and Bus Corporation. The merger is expected to be completed by the end of 2024.
The four companies have reached a basic agreement that calls for Toyota and Daimler to establish a holding company by the end of 2024 with the aim of going public. Hino Motors and Mitsubishi Fuso will become part of the holding company. Toyota and Daimler will hold the same percentage of shares in the holding company, and Hino Motors will cease to be a consolidated subsidiary of Toyota after the merger.
-
XCMG To Produce EV Trucks in Brazil in Two years
Fabio Ferraresi XCMG announced plans to produce battery electric trucks in Brazil at Pouso Alegre (MG) plant in two years. Until then, the company expects to build a local network of suppliers and wait for new industrial policies that are expected for the electric vehicle segment.
The current plan consists of starting with the assembly of chassis and cabins at the Minas Gerais plant with components produced by local suppliers. Batteries and other components of the electric powertrain will be imported from China.
This first stage fits the company’s electric trucks within the scope of Finame, the BNDES credit line that finances the acquisition of machinery and equipment. To access this line, the product to be financed must have a certain percentage of parts and components produced in the country.
-
Brazil Announces Incentives for MHV and LV
BRAZIL/SOUTH AMERICA REPORT
The Brazilian Federal Government this month has announced a package of incentives for the automotive sector during a press conference held in Brasilia (DF). The program intends to bail out the country’s automakers at a time of weak demand for new vehicles.
The final text includes passenger cars, Minivans and SUVs, Trucks and Buses through discounts granted to the consumer, and not by tax reduction to automakers, as was expected.
Total spending of Federal Government is US$ 300 Million (R$ 1.5 Billion). Funds are expected to come from the return of taxes on diesel sales, which was planned to happen in January 2024, but it is anticipated to meet the program of the automotive sector.
-
CARB Is Phasing Out Heavy Trucks
NORTH AMERICA REPORT
Chris Fisher In April, the California Air Resources Board (CARB) voted unanimously to finalize its Advanced Clean Fleets rule that requires all new medium- and heavy-duty vehicles sold or registered in the state of California to be zero-emission by 2036.
Among these requirements is a new 2036 target for an end to diesel truck sales. This was lowered from an early 2040 target, with the thought that 2040 would be too late to reach California Governor Gavin Newsom’s goal for 100% zero-emission medium- and heavy-duty vehicles by 2045.
The 2036 target is only one year after the 2035 target for passenger cars. Also in the rule, state and local agencies must purchase 50% ZEV by 2024, and 100% ZEV by 2027.
-
Global Electric Scooter Market Could Reach $56B in 2033
GLOBAL REPORT
Michael Aistrup The global electric scooter market is growing at a rate that will enable it to surpass $56 billion by the end of 2033, according to a forecast by. Power Systems Research. The forecast predicts a projected growth rate of 9.72% by 2033.
This high growth rate is attributed to the rising demand for electric vehicles because of the increasing worldwide population.
An Electric Vehicle (EV) is a vehicle that runs on electricity/battery power. Electric vehicles have low running costs due to fewer moving parts and are environmentally friendly as they use little or no fossil fuels. Some EVs use lead-acid or nickel-metal hydride batteries, but lithium-ion batteries are now used in battery-powered electric vehicles for their long life, excellent energy storage, and low self-discharge rate.
-
Battery Recycling Center Will Have A Big Impact On Europe
Guy Youngs Recycling lithium-ion batteries is extremely important, as these batteries contain valuable metals such as cobalt, copper, and lithium that can be recovered and reused. By recycling these metals, we can reduce our reliance on mining and extractive activities that aren’t free or even cheap.
Li-Cycle (a recycling company) and Glencore (a mining company) have partnered to do something significant in this space. The proposed “Portovesme Hub” would focus on producing essential battery materials…
-
EVs and The H2 Battle To Be Included in the Family
This article looks at the nomenclature of Electric Vehicle and Zero Emissions vehicles and discusses ways the electricity used is generated. It then discusses the basics of Fuel Cell Vehicles and then compares them to EVs
Source: Hydrogen Fuel News: Read The Article
PSR Analysis: This is a fairly basic article but it’s a good reminder of the terms and basics. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
-
PSR Awards $2,000 Scholarship
Erin Kelly Power Systems Research has awarded a $2,000 scholarship to Erin Kelly, a student at Eagan High School in Eagan, Minnesota. Erin plans to attend the University of Minnesota in Minneapolis, Minn., and study computer engineering.
Erin enjoys reading, writing, playing and listening to music and all things theater and storytelling. She doesn’t really have a favorite school subject because, as she says, “There are so many ways to view the world and love learning about all of them.”
Her favorite…
-
Alternative Power Report, May 2023
The May issue of the Alternative Power Report produced by Power Systems Research contains several articles that discuss plans for production of alternative power sources. These include articles on VW’s plans to build its largest battery factory in Canada, Cummins decision to invest $1 billion in a hydrogen fuel network plus a report Caterpillar and NMG joining forces.
-
Show Report: Hannover Messe 2023
Guy Youngs General Observations. The core topics at HANNOVER MESSE included artificial intelligence, hydrogen, energy management, connected and intelligent production, and the new Manufacturing-X data ecosystem.
More than 4,000 exhibitors presented their solutions and welcomed 130,000 visitors from around the globe. There seemed to be a very large Chinese contingent at the show (both as visitors and exhibitors), as well as a large number of local governments, universities and startups. There seemed to be a predominance of exhibitors showing bearings, copper fittings, cables and components as well as systems / electronics companies.
There was also a large number of independent robots in evidence, ranging from robotic dogs and robotic servers to robotic messengers following pre planned routes.
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.
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
OE Link™ Offers
Global Coverage
OE Link™ database provides OEM products, both On-Road and Off-Road, in 12 regions.
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