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2023-08-21

Foxconn To Invest $246 Million in Vietnam Plant

SOUTHEAST ASIA: VIETNAM REPORT

Foxconn, Taiwan’s leading electronics contract manufacturer, has received regulatory approval for its plan to invest $246 million in two new projects in Quang Ninh Province in northern Vietnam. The projects, to be carried out by a subsidiary of Foxconn Singapore, will focus on the manufacturing and assembly of telecommunications equipment and electric vehicle components.

This will bring Foxconn’s total investment in Vietnam to approximately $3 billion. Of the new investment, $200 million will be invested in a factory to produce EV chargers and components, which is expected to begin production in January 2025 and employ an estimated 1,200 workers.

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2023-09-05

Brazil Motorcycle Production To Reach 1.5 Million in 2023

In the first seven months of 2023, manufacturers affiliated with Abraciclo assembled 887,000 motorcycles, up 14.3% over the same period in 2022. Registrations totaled 903,200, up 21.4%, including imports and sales from automakers not yet linked to the association, such as India’s Bajaj and Royal Enfield, which began production in Brazil at the end of last year. The entity’s expectations for 2023 are for expansion of 10.4% (1.56 million units) in production and 10.9% (1.51 million motorcycles) in licensing.

Source: Valor      Read The Article

PSR Analysis: In 2011, Brazil produced 2 million units, its best year in the history of the segment. However, this year was the beginning of consecutive annual declines that reduced production to 890,000 motorcycles in 2016. The start of the rebound in 2018 was interrupted in 2020 by the shutdown of factories brought on by the pandemic. The industry finally looked to the future again in 2023 and expects to reach a volume of 2 million motorcycles within five years.   PSR

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

PowerTALK™, September 2023

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Read about plans by the state of California to build a hydrogen refueling network even though the state has only 12,000 hydrogen-powered cars in the September issue of PowerTALK News. Chris Fisher provides an update on hydrogen powered commercial vehicles and Michael Aistrup delivers an update on e-bicycles.

IN THIS ISSUE
  • ALTERNATIVE POWER REPORT
    • California Building Hydrogen Refueling Network for Cars
    • New Zinc-Air Batteries Challenge Lithium Batteries
    • The Truth About EV Battery Recycling
    • Australian Mining — Can It Power All The New EVs?
  • GLOBAL:
    • Hydrogen Fuel Cell Commercial Vehicle Update
    • E-Bike Market Analysis
  • DATAPOINT: NA Tractor/Loader/Backhoes (TLBs)   
  • BRAZIL/SOUTH AMERICA: 
    • Companies Support Fleet Renewal Program
    • Motorcycle Production To Reach 1.5 Million in 2023
    • BEV Demand Boosts Brazil Mining Investment
  • JAPAN: Target of 300,000 EV Chargers by 2030 Planned
  • SOUTH KOREA:  Battery Companies Increase Sales
  • VIETNAM: Ridesharing Giant Gojek Converts To EVs
  • CHINA: Sany MOTA Launches Battery Rental Business
  • INDIA: Bus Sector Bounces Back; EVs Fuel Post-Covid Growth

PowerTALK™, October 2023

China’s growing success with EV sales in Europe is causing EU officials to consider placing tariffs on Chinese EV imports to balance the playing field. Read about this and more in the October issue of PowerTALK News.

PowerTALK Oct 2023Download
IN THIS ISSUE

ALTERNATIVE POWER REPORT

  • Tesla Tests Diner with Theater and Supercharger
  • Lithium Deposit In Extinct Nevada Volcano Could Be World’s Largest
  • Both Battery and Hydrogen Fuel Cars Needed
  • EU May Impose Tariffs on Chinese EVs

GLOBAL:

  • Global Economy Seeing Modest Growth with Positive Outlook
  • E-Motorcycle Product Report

DATAPOINT: NA Scooters/Minibikes/Mopeds         

EUROPE: 2023 Cannes Yachting Festival Sets Records
BRAZIL/SOUTH AMERICA:

  • Brazil To Become Hub for EV Bus Chassis Production
  • Brazil’s School Bus Program Postponed
  • Higer Azure Electric Bus Debuts in São Paulo

JAPAN: Komatsu Plans Electric Excavator Developed with Honda
MALAYSIA:  Proton Considers Building EV Plant in Thailand
CHINA: FAW Jiefang, CATL Launch New Energy Venture
INDIA: Sonalika Group Plans $100 Million for Export Facility  

PowerTALK™, November 2023

EV activity continues to increase across the globe as reported in the November issue of PowerTALK News. This issue features EV reports from China, Japan, North America, Brazil, South Korea and Thailand.

PowerTALK Nov 2023Download
IN THIS ISSUE

ALTERNATIVE POWER REPORT

  • China Discovers Unique Battery Material
  • Toyota Joins Race To Mass Produce Solid-State Batteries
  • Could Toyota’s Ammonia Engine Bring the End of EVs?
  • White Hydrogen Could Reduce Decarbonization

GLOBAL: Outboard Marine Engine Market Hits $5.5 Billion
NORTH AMERICA: Transitioning from ICE Buses to Zero-Emission Engines
DATAPOINT: NA Graders      
BRAZIL/SOUTH AMERICA:

  • XCMG To Invest US$ 55 Million in Brazil Electric Truck Plant
  • Vehicle Production in Brazil Stagnates
  • Brazilian Marcopolo Approves its Fuel Cell Bus in Europe
  • VW Announces Pickup Truck To Fight with Fiat Toro

JAPAN: Kubota and Sumitomo Plan Mutual Supply of Equipment
SOUTH KOREA: Hyundai Sells EVs To Oil-Producing Countries
THAILAND:  China Auto Manufacturer To Invest in Thai EV Motorbike Plant
CHINA: Weichai-BYD JV Begins 56 Billion Yuan, 50GWh Battery Project
INDIA: Construction Equipment Sector Poised for Substantial Growth

PowerTALK™, December 2023

Worldwide EV battery development continues at a fast pace, US outdoor recreation industry hits $1 trillion, and Honda plans to drop mass production of its Honda “e” . Read about these items and more in the December PowerTALK News from Power Systems Research.

PowerTALK Dec 2023Download
IN THIS ISSUE

ALTERNATIVE POWER REPORT

  • High Energy, Cobalt-Free Lithium Ion Battery Developed
  • CATL Creates Fast Charging Skateboard
  • Record Low EV Battery Prices Reported in 2023
  • US Discovers Lithium Bonanza for EV Batteries

NORTH AMERICA: 

  • Electrify Where It Makes Sense
  • Outdoor Recreation Adds $1.5 Trillion to US Economy in 2022

DATAPOINT: NA Combines
EUROPE: Kobelco Expands European Headquarters
BRAZIL/SOUTH AMERICA:

  • Argentina Vehicle Production Grows in November
  • Brazil Off-Highway Machine Sales Continue To Decline
  • VW Trucks and Bus To Restart Two Shifts in January

JAPAN: Honda To Drop Mass-Produced EV “Honda e”
SOUTH KOREA: Hyundai Motor and Apple May Partner
INDIA: Mahindra Plans To Double Tractor Exports

2024-01-19

Survey: EV Range Anxiety Slips in Importance

Euromonitor International has released the results of its Electric Vehicle Readiness Index for 2023 survey, which evaluates the most prepared countries which can support widespread EV adoption.

Norway, Switzerland and Sweden ranked at the top of the index, due to EV market maturity and consumer buying power. Brazil, South Africa and India were ranked at the bottom, owing to limited government incentives, low incomes and the undersupply of public charging stations

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PowerTALK™, March 2024

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In the March 2024 issue of PowerTALK News you’ll find two articles describing changes at Van Hool, the Belgian bus manufacturer, as it struggles to meet EV competition. Another EV article describes possible EU tariffs on Chinese EV imports. You can also read an update on EV battery technology from Michael Aistrup as well as a report on the record sales performance in 2023 by Rolls Royce power systems business unit by Natasa Mulahalilovic, Finance and Admin. Manager – Europe.

IN THIS ISSUE

ALTERNATIVE POWER REPORT:

  • Germany Drops Subsidies for Electric Semi-trucks and Buses
  • Lithium-Air EV Batteries Tapped For Net Zero Economy of The Future
  • Why Are Hydrogen Fuel Cells So Expensive?
  • Europe May Slap Retroactive Tariffs on Chinese EVs

GLOBAL:

  • Van Hool To End City Bus Production in Belgium
  • E-Battery Technology Increases Application Opportunities

DATAPOINT: North America Trencher Production  

EUROPE:

  • Rolls Royce Posts 16% Revenue Gain
  • Van Hool Making Major Changes      

BRAZIL/SOUTH AMERICA:

  • Car OEMs Announce US$ 14.3 Billion Investment in Brazil
  • AG and CE Segments Poised for Substantial Growth in Brazil

JAPAN: Kubota Plans To Produce Batteries for EV AG Equipment
SOUTH KOREA: SK Plans World’s Largest Semiconductor Manufacturing Base
CHINA: Electrification of Construction Machinery Industry Accelerates
INDIA: EV Market Provides Opportunities and Challenges