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2022-09-29

Battery Electric Power Forecasts

Guy Youngs
Guy Youngs

With the exception of 2022 (+7.6%), Battery Electric as a power source is expected to grow between 10% and 17% throughout the forecast period, while ICE growth rates start the period at -2.3% and then grow at less than 1% for 2023 to 2025.

Battery Electric is expected to grow from 12.8% of the market in 2022 to 21.2% by 2027, while during the same period ICEs are expected to decline from 85% of the market to 75%.   PSR

Guy Youngs is Forecast & Adoption Lead Analyst at Power Systems Research

2022-12-14

Alternative Power Report, December 2022

AlternativePower Report_December2022Download

Read the expanded December 20222 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research. This month’s report includes articles on increased battery production in the US., Tesla’s plans for a recycling plant in Texas, increased merger activity in the EV Light/Medium commercial vehicle segment and new power sources being developed for cargo ships.

2020-04-25

Q1 2020 Motorcycle Production in Brazil Was Strong But Will Drop in April

Different from the segments with 4 wheels or more, Motorcycles plants worked normally in March. The total production has been of 296 k motorcycles in the first quarter, about 7% above the same period of 2019. However, the stops in this sector started March 30 and will remain until the beginning of May.

Source: AutoData     Read The Article

PSR Analysis:

Although motorcycles are also a way of delivering packages in big Cities, sales of motorcycles in Brazil have a closer relationship with lower income individuals who see motorcycles as an alternative to bad public transportation or even animal transportation in rural locations.

This segment of the society has a high number of informal jobs, mostly related to service, heavily impacted by the social restriction measurements. Therefore, the impact on this business for the remainder of the year should be considerably high, despite of the growth in the first quarter. PSR

2020-10-28

Hyundai Plant in St Petersburg To Reduce Production by 15%

Hyundai plans to reduce annual production by 15% at its St Petersburg plant, according to plant director A. Kossack. As he notes, production volume at the plant has dropped significantly this year: in H1 2020, the plant produced only 73,000 cars, 25% of its production capacity.

Taking into consideration September’s output of 24,000 cars, total production volume through the end of the year should reach about 200,000 vehicles, almost 15% below the 2019 results. The plant has just returned to a three-shift working schedule. During the post-quarantine period, the plant working on a two-shift basis, making 700 cars per day. 

 Read The Article

PSR Analysis: It appears that the most pessimistic forecasts for the passenger car market to drop 40-50% are not going to be realized. Despite this outlook, Hyundai remains positive about the Russian market, and plans to start engine production here in 2021.    PSR

Maxim Sakov is Market Consultant, Russia, for Power Systems Research

2020-11-24

Columbia Auto Market Maintains Growth Curve

The Colombian auto market has retained its growth curve in October by posting sales of 20,900 units, up 13.3% compared to September, a month which also grew 39% above August. Data source:   Andemos

The Andemos said this recovery is due to the increase of procurement for “safe transportation” as well as reopening of the economy and ending of personal isolation.

According to Andemos, if no new measures requiring isolation are taken, then the reduction compared to 2019 will be around 30%

Source: Autodata     Read The Article

PSR Analysis: As we stated in our Q3 2020 update forecast, Colombia is one of the countries most severely affected by COVID-19. It is very good to know that Colombia is restarting its growth cycle. PSR

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

2021-03-20

Norway May Block Acquisition of Bergen Engines Plant

Maxim Sakov
Maxim Sakov

The Department of National Security of Norway may block the purchase of engine OEM Bergen Engines belonging to Rolls-Royce by Russian Transmash-Holding. According to Justice Minister of Norway Monica Melan, the acquisition may be a threat to national security. The deal is estimated at €150 million. According to the minister, it’s necessary to suspend a deal to collect information for making a final decision.

Bergen Engines was founded in 1946. Since then, the company delivered more than 7,000 engines, 5,000 of them still operating. Current personnel number is 900 people.

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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

2021-12-19

JCB To Expand Production Capacity in Brazil

JCB plans to invest R$ 120 million (US$ 20 million) in its factory located in Sorocaba, State of São Paulo, with the objective of increasing annual production capacity from 4,000 to 10,000 units by 2026. JCB expects to grow 50% in sales volume this year, compared to last year’s results, and more than double the sales.

Source: Valor Economico      Read The Article

PSR Analysis: With the increased production volume from new products made in Brazil, such as Wheel Loaders, JCB should be above 80% capacity. With the market growth forecast for Brazil, it will be necessary for JCB to increase production capacity. The scenario is slightly different for other players who have higher capacity in their plants in Brazil. PSR

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

2023-03-26

WEG Building Plant for EV Batteries in Brazil

Brazilian WEG has announced plans for a new 6,000 m2 plant in Jaraguá do Sul, Santa Catarina, Brazil, to produce battery packs for EVs. With the investment, the annual capacity will be 1 GWh in battery packs. WEG plans a highly automated plant, with 140 direct employees; WEG’s timeline calls for completion of the plant in 1H 2024.

Source: Automotive Business    Read The Article

PSR Analysis: WEG aims to supply EV production for OEMs located in Brazil. With strong background in drives and industrial electrical components, WEG could be a natural selection for many OEMs in Brazil.    PSR

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