Three OEMs have announced new fuel efficient products.
Scania has announced an 8% fuel consumption improvement with Super 13 liters engines and promises 50% maintenance stops reduction. Volvo has announced a new Euro VI line with Volvo Engine produced in Brazil, replacing MWM on the VM platform. VW fuel consumption improvement is in the 5% range and the company reports 4,000 units Euro VI sold in 2022 already.
After the first sale of NG trucks at Fenatran in October 2019, Scania has sold 22 more, including 18 to Pepsico. The forecast of 100 NG Trucks to be sold this year has been reduced because of the pandemic effect.
Source: Estadao Read The Article
In the past three months, the aggregate investments announced by automotive manufacturers in Brazil have reached a total of US$ 14.3 billion. The largest individual investment came from Stellantis, committing US$ 6 billion to the country between 2025 and 2030, marking a record sum among major vehicle manufacturers operating within the nation. A significant portion of this investment will be directed towards the development of flex-hybrid models.
This investment influx began in December, with Renault earmarking US$ 500 million for the production of a new SUV in Paraná, featuring engine variants that blend ethanol, gasoline, and electricity. In January this year, General Motors (GM) unveiled investments totaling US$ 1.4 billion aimed at product rejuvenation.
According to Power Systems Research intelligence, the global powersports market size was valued at $31.41 billion in 2023, and is projected to reach $53.64 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
Power Systems Research is a Minnesota-based research firm that has been tracking global production of power equipment since 1976.
The recreational powersports segment represents activities ranging from off-roading, motocross, and all-terrain and side-by-side vehicle riding to on-road motorcycling and enjoying water equipment such as pontoon boats and jet skis.
Hyundai Motor Company is getting serious about developing the software needed for automated driving, etc. It has decided to invest $14.7 billion by 2030 and has begun building a development structure and embarking on M&A.
Hyundai Motor Company has achieved record profits through a shift in strategy in conjunction with a generational change. The company plans to further improve profitability in the software field, where customers can add functions to their cars after purchase. But acquiring human resources will be an immediate challenge for Hyundai.
The “Over the Air (OTA)” function, which updates the latest software via the Internet, will be standard on all new models released in 2023 and after. The plan is to establish a system that allows users to be charged according to function updates. The company will first introduce content such as car navigation systems, audio, lighting, and remote-control functions, and then expand into peripheral areas such as auto insurance policies, to diversify and upgrade services in response to customer needs.
Facing intense competition in China’s new energy vehicle market, Volkswagen has decided to increase investment in its Hefei base. On April 11, Volkswagen announced an additional investment of €2.5 billion in its production and innovation center in Hefei to further strengthen its local R&D capabilities.
It has been reported that this investment will also be used to accelerate the development and production of two Volkswagen brand smart electric vehicle models co-developed with Xiaopeng Motors. Volkswagen revealed that the first model, a mid-size SUV, is planned to enter production in 2026.
Power Systems Research is forecasting global revenue for the Powersports industry to grow from $31.5 billion in 2020 to US$ 50.91 billion in 2030, a CAGR of 6% over the forecasted period.
Drivers-of-Demand. There are many factors driving the global powersports market growth:
VW China has increased its share in the electric vehicle joint venture JAC Volkswagen to 75% and obtained joint venture management rights. At the same time, it has obtained a 26% stake in the EV battery maker Gotion High-Tech to support the future electrification of the group. The total investment of the above two projects is estimated to be about €2 billion.
The plant, which has an estimated investment of US$3.06 billion (20 billion yuan) from both Volkswagen and JAC Motors, will be finished by the end of 2022, and its first vehicle will roll off the assembly line in 2023.
Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.
Source: Info Money Read The ArticlePSR Analysis: The result indicates the continuous growth of the Agricultural Equipment Market and the overall Agricultural Business in Brazil. A record harvest is expected in 2022 with 6.4% increase forecasted over 2021. The forecast for next 10 years is more crops with higher productivity–that means more technology with new machines. PSR
Fabio Ferraresi is Director-Business Development, South America, for Power Systems Research
PowerX, Inc. says it has raised 4.15 billion yen in funding for two electrification projects: one is to develop its own “Power ARK,” a ship that carries electricity, and the other is to build a large-scale storage battery factory in Japan.
The idea behind the Power Transfer Vessel is to store electricity in container-shaped storage batteries and transmit it by ship, with an eye toward the expansion of offshore wind farms. Conventionally, power is transmitted from offshore wind farms to land via submarine cables, but the aim is to develop the Power Transfer Vessel that can replace submarine cables. This will make it easier to construct power plants offshore in windy distant seas. The construction of submarine cables that pass high-voltage electricity is environmentally hazardous, but the Power Transfer Vessels are cheaper than cables and will enable power transmission to be realized sooner.
Power Ark 100. The first vessel, the “Power ARK 100,” will have a length of approximately 100 meters and will be equipped with 100 storage batteries in the form of shipping containers, enabling it to store 220 MWh of electricity. This is roughly equivalent to one day’s worth of electricity for one city (22,000 households). In the event of a large-scale power outage or other disaster, the ship will serve as a contingency power source. Larger vessels are also planned, and a 220-meter-long vessel capable of carrying 3,000 containers would be able to transport 5,660 MWh of electricity.
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