Search Results for: daimler-build-actros-heavy-truck-china

2021-12-19

Toyota Joins BYD To Build Affordable $30,000 Electric Car

JAPAN REPORT

Toyota reportedly has partnered with China’s BYD to develop an affordable electric car to launch next year. The Japanese automaker has widely been recognized as a laggard in the transition to electric vehicles. Years of betting on hydrogen fuel cells and hybrid vehicles has put Toyota behind on battery-electric vehicles.

Reuters reports Toyota is planning to release a “small and affordable electric sedan” in China next year:

The electric vehicle is reportedly going to be powered by BYD’s blade battery cells with LFP chemistry. LFP chemistry has improved enough in recent years that it is moving from mainly being used in electric buses to now electric cars. BYD’s blade battery has attracted a lot of attention – even from Tesla, according to reports coming out of China. A Toyota source talking to Reuters said that it is what is enabling the automaker to produce its first affordable all-electric car:

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2020-08-23

Kubota To Build Factory for Small CN Equipment in US

FAR EAST: JAPAN REPORT

Kubota will invest up to US$ 93.9 Million (10 billion yen) by 2026 to build a factory for small construction equipment in the US. The company will manufacture crawler-driven models used for residential construction and other purposes locally to increase the production by 25%.

Akihiro Komuro
Akihito Komuro

With COVID-19, there is a movement of people moving from the city center to the suburbs in the US. Kubota expects that the demand for small construction equipment will increase in the regions where it has sales channels and aims to become the largest manufacturer in the US by increasing production. First, they will invest 5.6 billion yen (56 Million USD) to build a new factory in Kansas.

The company will start mass production of its “Compact Track Loader (CTL)” in September 2022. By 2023, annual production will reach 3,000 units. Depending upon demand, the company could be producing 5,000 units annually by 2026. Japan is producing about 20,000 of the same model. With the addition of 5,000 units from the United States, the total production will increase by about 25%.

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2021-08-10

Q2 2021 Truck Production Report

Chris Fisher
Chris Fisher

Senior Commercial Vehicle Analyst

Chris Fisher, Senior Commercial Vehicle Analyst at Power Systems Research, discusses the Q2 2021 global production facts and related forecasts for medium and heavy trucks, as reported in the quarterly PSR Truck Production Index.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06 Joe Delmont

From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK.

Today we’ll discuss global truck production with Chris Fisher. Chris is Senior Commercial Vehicle Analyst at Power Systems Research.

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2022-04-23

Maruti Suzuki To Build EV-Battery Plant

INDIA REPORT 
Aditya Kondejkar

The development work has already been started on a project codenamed YY8 planned for 2024-2025.

Source: Economic Times.    Read The Article

Major auto players in India like Tata Motors, MG Motors and Hyundai have already announced their investment plans in the electric vehicles sector, there wasn’t any formal announcement from Maruti Suzuki, India’s largest automaker. But now, the penny has dropped.

Suzuki Motor, parent of Maruti Suzuki, says it has signed a Memoranda of Understanding (MoU) with the Gujarat State government, and plans to invest Rs 10,440 crore in there to build an EV and battery factory. The MoU was signed at the India-Japan Economic Forum held in New Delhi.

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2023-05-21

VW To Build Its Largest Battery Factory In Canada

The battery division of Volkswagen Group, PowerCo SE, said it plans to construct its biggest battery gigafactory to date in St. Thomas, Ontario, Canada. A potential final expansion stage could produce up to 90 GWh of batteries annually.

This will be the company’s first overseas gigafactory for cell production, and it will provide the company’s BEVs in the North American region with their unified cells technology, a cell technology created for mass production. Construction is expected to start in 2024 and be completed in 2027.

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2023-09-21

Zepp Gets Financial Boost To Build State-of-the-Art Fuel Cell Systems Factory

Dutch company Zepp.Solutions, one of Europe’s leading hydrogen fuel cell system suppliers, has secured €1.98 million ($2.16 million) grant funding from the European Just Transition Fund (JTF) to develop a cutting-edge fuel cell systems factory in the Netherlands.

Zepp’s goal is to speed up the energy transition and foster reliance in the labor market with support from the Ministries of Economic Affairs and Climate and Social Affairs and Employment, and the municipalities in the Dutch Greater Rijnmond area.

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2022-02-20

NA Medium and Heavy EV Market In Early Testing

Chris Fisher
Chris Fisher

Q. What is the current state of electric vehicle technology globally as well as the U.S.?
A. From a medium and heavy truck perspective, electric trucks are still in the early stages of testing, and it will still be a few years before we know if the current technology will be effective.  Transit or city buses are much further along in the process since these are largely not for profit vehicles and have more dedicated routes that allow for more consistent recharge. 

China is probably the furthest along with electric bus adoption with almost half of all medium and heavy buses produced being electric.  While electrified bus adoption in North America and Europe is not nearly as strong as China, demand is increasing.  In North America, natural gas buses (CNG and Propane) are currently the alternative fuel of choice.  However, government mandates will likely force bus electrification over the next decade or so.

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2021-08-21

Most Regions Will Post 20%+ Growth in Truck Production

Chris Fisher
Chris Fisher

Editor’s Note: This is an updated report from the Q2 2021 Truck Production Index report produced by Chris Fisher and Jim Downey, Vice President-Global Data Products, in July 2021.

Question: What is the global truck production picture? What is the outlook?

PSR Opinion: Overall, medium and heavy truck demand will finish the year on a strong note, and continued strength is expected into 2022.  On-going supply chain disruptions will continue to impact production throughout the rest of the year and likely into 2022.

Question: What kind of global production volume do you expect for this year?

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2022-11-15

Hydrogen Fuel Cell Truck News

NORTH AMERICA REPORT
Chris Fisher
Chris Fisher

During the past few years there has been plenty of talk about battery electric power replacing diesel-powered internal combustion engines in commercial trucks.  At some point this might be true for short and regional haul freight carriers, but what about the long-haul heavy truck segment? 

Currently, the lack of a sufficient charging infrastructure, range anxiety and the extreme weights associated with the batteries are significant deterrents to mass adoption of long-haul battery electric trucks.  However, hydrogen fuel cell trucks for long-haul applications appear to be a viable option in this segment.  Even though fuel cell trucks currently have a greater range and lighter weight than battery electric trucks, they have the same problem as electric trucks: a lack of refueling infrastructure.

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2021-02-22

Chris Fisher Truck News – February 2021

In this episode of the PSR PowerTALK Podcast Chris Fisher, Power Systems’ Senior Commercial Vehicle Analyst, discusses the Q4 2020 global production facts and related forecasts for medium and heavy trucks.

Transcript

Welcome to PowerTALK Truck podcast February 2021. Produced by Power Systems Research, the leading supplier of global production data and forecasts to the engine power products and Components industries. Here’s today’s host, Emiliano Marzoli, Manager of Power Systems Research, European Operations.

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