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Mahindra and Mahindra Ltd (M&M), market leader in the Indian tractor industry, is betting on farm equipment because of increasing demand. The decision is greatly influenced by the healthy agricultural output, record sales for tractors and reverse migration since last year.
PSR Analysis: The company is trying to enter the untapped farm mechanization segment in the country. According to Mr. Hemant Sikka (President Farm Equipment Sector Mahindra) this market has very high potential as India has only 1% share of the global farm equipment market vs. 10% of the global tractor market.
CNH Industrial Group says it is stopping the sales of construction machinery and equipment in the Chinese market after Dec. 31, 2022. This is another significant development by foreign brands in the Chinese market.
John Deere withdrew from the Chinese market after the original industrial structure was changed by the merger of the Chinese plant of Kobelco Construction Machinery Co., Ltd. At the same time, Hitachi Construction Machinery also made changes to Hitachi Construction Machinery (Shanghai) Co., Ltd., which is responsible for sales and services in China, and set up a new sales and service company, “Hitachi Construction Machinery Sales (China) Co., Ltd.”, which began operating Nov. 1, 2022.
On Dec. 29, 2020, the Ministry of Ecology and Environment announced that from Dec. 1, 2022, all off-road mobile machines below 560kw (including 560kw) produced, imported and sold and their diesel engines installed shall meet the requirements of the Chinese IV emission standard. The implementation time of Chinese IV emission of off-road mobile machinery above 560kw and its installed diesel engines has not been announced.
FAW Jiefang and CATL have set up a joint venture company, Jiefang (Jilin) New Energy Technology Co., Ltd., to do business in the new energy segment. The company is wholly-owned by Jiefang shidai New Energy Technology Co., Ltd., which is a joint venture between FAW and CATL with each party holding 50% of the JV’s shares.
The JV was established to sell new energy vehicles, batteries, battery parts, and electric vehicle charging equipment charging stations; Information system integration services; and Intelligent control system integration. It also will manufacture power transmission and distribution and control equipment.
In August 2022, CATL reached a strategic cooperation agreement with FAW Jiefang, proposing to invest 500 million yuan to establish a subsidiary for cooperation. CATL’s battery business mainly focuses on the passenger car market, and the cooperation between the two sides marks the beginning of CATL’s in-depth launch into the new energy commercial vehicle market.
New vehicle sales in the six major Southeast Asian countries totaled 317,765 units in September, up 33% from the same month last year. The figures were compiled from new vehicle sales statistics released by automobile industry associations and other organizations in each country. This is the 12th consecutive month that sales have exceeded those of the same month last year; the economic recovery from COVID-19 continues, with sales up 8% compared to September 2019, even before the spread of the infection.
Indonesia, the largest new vehicle market in the region, saw a 19% y/y increase to 99,986 units. This was the highest single-month sales volume in 2022. The tax exemption for some models ended at the end of September, and there appears to have been a rush demand for new vehicles.
Pilot cities must embrace EVs in official vehicles, public transport, taxis, sanitation, postal express, urban logistics, airport vehicles, aiming to achieve 80% NEV proportion by 2025. A balanced and efficient charging infrastructure must be established, with public charging piles proportional to NEV promotion, and 10% charging facilities in expressway service areas.
Innovation in tech, green energy supply, and new information/communication networks must be applied to efficiently integrate NEVs with power grids and other fields. Innovations such as intelligent charging, high-power charging, rapid power change have been expanded, and vehicle-network integration verified.
Scania displayed CNG trucks and biogas production systems at its booth as a clear bet on this technology growing against Diesel in Brazil. At FENATRAN, the 22nd International Road Cargo Transport Trade Show, it sold its first regular production R 410 fueled by CNG to RN Logistics. The truck will operate at the São Paulo – Rio de Janeiro route.
Vietnamese automaker VinFast has launched a luxury SUV, the VinFast President, to take on global brands like Lexus and Mercedes. To cost VND4.6 billion ($198,200), the seven-seater looks similar to VinFast’s first SUV, the Lux SA2.0, but with more advanced technologies and frills like massage and heated seats.
Akihiro Komuro
Its 420HP V8 engine can go from zero to 100 kilometers per hour in 6.8 seconds and offers a top speed of nearly 300 kph. VinFast will produce only 500 units and sell them exclusively in Vietnam. The first 100 customers will get a 17% discount on the price.
In its segment, the VinFast President costs 45% less than the Lexus LX 570 and 33% less than the BMW X7. Industry insiders say it lacks some premium features often seen in luxury cars such as captain’s chairs, TV screens and a high-end sound system. The vehicle signifies the ambition of VinFast, a unit of Vietnam’s largest conglomerate, Vingroup, to enter all segments of the auto market after bringing out its first vehicle in July last year.
The European Commission has released a document showing how they are going to support the European Industry in the challenging transformation required in the coming years.
Emiliano Marzoli
The strategy is made up of three pillars designed to give European companies the opportunity to grow and strengthen their position in the global market. The pillars focus on global competitiveness, “green” development, and development of digital infrastructures.
The green and digital transformations are critical to develop new skills and capabilities to retain Europe as an innovation leader.
April 17, 2020–Taiwan reported no new coronavirus cases on April 14, 2020, marking the first-time authorities there have reported zero new cases in more than a month. It’s also the latest achievement for a health system that first acted to prevent the spread of COVID-19 in December.
Erik Martin
With a population of around 23 million, Taiwan has only 393 confirmed COVID-19 cases; six people have died from the disease. The last time Taiwan’s Central Epidemic Command Center announced no new cases was on March 9 – 36 days ago.
The symposium of battery change mode for new energy vehicle was held June 15 in Xuzhou, Jiangsu. Data from National Big Data Alliance of New Energy Vehicles suggests that over 3 million new energy vehicles were in the system in 2019 and 900,000 vehicles are running daily. Data also suggest that new energy vehicle GVW range primarily falls under 4.5 tons.
PSR Analysis: Many numbers are in the article, some contradictory. As one of the truck OEMs, XCMG does make some excellent points on the daily use of the battery-powered vehicle, using data collected from end-users, such as working hours, range anxiety and surprisingly, maintenance and downtime.
But I want to point out one potential issue that might travel under the radar: operating cost, more specifically, fuel cost. For large fleet owners like JD.com Inc. or SF Express, fuel cost might be a key factor in choosing a battery-powered vehicle over ICE-powered vehicle for urban delivery.
There are energy companies already working with large industrial businesses to install wind or solar power onsite to address their electricity bill issue. Once completed, giant companies like JD or SF Express will significantly cut down their operating expenses on fuel, in this case, electricity.
There is one game changer out there now. How will ICE-powered light duty trucks compete with battery-powered vehicles, when the latter runs free of charge and free of emission? What will happen to all the components suppliers for light duty trucks, especially urban delivery trucks? PSR
Qin Fen Is Business Development Manager in China for Power Systems Research.
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