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2020-12-21

Increased Utilization Fees for Vehicles Planned

Russian authorities plan to increase vehicle utilization fees in 2021, according to automotive sources.

Utilization fees could be increased by as much as 25-30% for all types of vehicles, including special machinery, according to industry sources. This measure would be accompanied by a comparable devaluation of the national currency, which would reduce trade barriers.

Utilization fees were implemented in 2012. It was always considered as a compensation of Custom’s tax reduce after Russia’s entry into WTO. It was set in Russian Rubles. Initially, the fees were paid by the importers only. However, they later were expanded to everybody, but then local OEMs started receiving industrial subsidies, compensating for this fee.

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PSR Analysis: With reduced tax collection and increased State expenses in 2020, Russian authorities are seeking sources to compensate for income losses. Increasing utilization fees is one way to do this.    PSR

Maxim Sakov is Market Consultant – Russia Operations for Power Systems Research

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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2021-09-26

Mercedes Announces BEV Bus for Brazil

Fabio Ferraresi
Fabio Ferraresi

Mercedes says it has committed an investment of US$ 20 million for the launch of the eO500U, the first electric bus by the German OEM, the market leader in Brazil. Roberto Leoncini, Sales Director said that Mercedes opted for beginning the electrification of the MHV segment by the Bus products because it has higher impact on the population.

One of the key drivers for this launch is the new legislation for São Paulo city that aims to convert 50% of the fleet to electric by 2027. This means 7,000 electric buses will be sold by 2027. Sales forecast starts with 50 to 150 units by 2022.

Source: Automotive Business     Read The Article

PSR Analysis: With new legislation, OEMs rush for e-bus chassis launch to keep market share. Meanwhile, BYD celebrates the opportunity to grow with the lack of competitors, but it needs an improved in business model and strategic aspects to grow. PSR

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

2022-01-22

2021 Trailer Industry Grows 33% at 163,000 Units

The Brazil trailer industry registered 163,000 new license plates in 2021 vs. 122,000 in 2020, growing 33.5%. The result could have been even better since the segment was affected by a lack of components, such as steel, tires, etc. Export sales climbed to 4,600 units vs. 2,100 units in 2021.

Source: M&T / Anfir     Read The Article

PSR Analysis: The growth is in line with truck sales that confirm the health of the transportation industry. The growth of exports confirms the recovery of key markets of Trailers and MHV.

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

2022-11-16

50-Ton Battery-Powered Electric Crane Introduced

The 653 E Electro Battery from Sennebogen is a new 50-ton battery-powered electric crane that was developed with Dutch dealer Van den Heuvel. “The new crane combines the benefits of battery technology with the proven advantages of the telescopic crawler crane design,” the company writes. “This means you work completely emission-free and retain maximum flexibility, thanks to the Dual Power Management system.”

With a 210 kWh battery, the crane is expected to be able to operate for up to 14 hours.

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2022-12-05

FENATRAN 2022

The 23rd edition of FENATRAN, the International Road Cargo Transport Trade Show, brought together more than 500 brands in the exhibition pavilion of São Paulo Expo, Nov. 7-11, and generated total revenue of about USD 2 billion, more than USD 200 million than the last edition of FENATRAN, held in 2019. Power Systems Research representatives were at the show. Read there reports. PSR

2023-02-21

Alternative Power Report, February 2023

PSR Alternative Power Report Feb 2023Download

Read about the 240 ton electric mining truck that can charge in 30 minutes in the February 2023 issue of Alternative Power Report produced by PSR’s Guy Youngs. The same issue contains articles about Volvo’s electric concrete mixer truck and its wheel loader. Europe’s charging corridor will make driving easier for MHVs. PSR