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2021-05-24

Russian AG Machinery Exports Double in Q1 2021

Maxim Sakov
Maxim Sakov

Exports of Russian AG machines more than doubled in Q1 2021 versus the same period in 2020; exports have reached US$ 53 million (3.9 billion rubles).

Rosspetsmash, the Russian Association of Manufacturers, notes that Russian OEMs showed record high figures for 2020, reaching US$ 214 million (15.9 billion rubles). For Q1 2021, Russian AG machines were shipped to 23 countries. Exports of AWD tractors are up by 2.8 times, and combines, by 46%. The exports to Germany have increased by five times, to Bulgaria by 65%, and to Poland by 49%.

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2021-02-23

Vehicle Exports from Brazil Grew 22% in January

Fabio Ferraresi
Fabio Ferraresi

With 25,000 units shipped in January 2021, exports of vehicles grow 21.9 % compared with January 2020 and 24.2% compared with December 2020.  The volume surprised ANFAVEA, which was expecting worse numbers because of the effects of the pandemic in the South American Countries, traditional destinations for Brazilian vehicle exports.

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PSR Analysis: This result is positive compared to our initial forecast of a slow recovery of South American countries. On the other hand, the production in countries such as Argentina and Colombia has been affected by a shortage of raw materials, creating an opportunity for imports from Brazil in these countries, even with lower demand.    PSR

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

2020-07-26

Hyundai Exports Fuel Cell Trucks To Europe

South Korea’s Hyundai Motor announced on July 6 that it has begun exporting commercial hydrogen fuel cell vehicles (FCVs) to Europe. The company shipped 10 trucks to Switzerland, and it plans to export 1,600 units by 2025 using a long-term lease contract system.

Akihiro Komuro
Akihiro Komuro

Hyundai has set up a joint venture company to build a hydrogen infrastructure in Switzerland; it also plans to develop hydrogen stations and other infrastructure in cooperation with a local company. They plan to use Switzerland as a base for expanding their exports throughout Europe.

The South Korean government is also focusing on the spread of the hydrogen-based society and will appeal to the governments of other countries. The trucks exported this time will be used by the food distribution industry. The route for these trucks is fixed, making it easy to set up the infrastructure for refueling.

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2021-05-24

VWCO Exports Grow 130% in First 4 Months of 2021

VWCO reported exports of 2527 trucks and buses from January to April 2021, versus 1084 units in the same period of 2020. Most of the growth came during April; the month was very negatively affected by the pandemic in 2020.

Source: Automotive Business      Read The Article

PSR Analysis: As with other OEMs, the export volumes of VWCO have been better than expected considering only Q1 2021 vs. Q1 2020, period without pandemic effect in 2020. During our forecast planning in Q4 2020, we expected a lower recovery of exports because of a slower recovery from the pandemic effects in 2021. However, the currency depreciation in Brazil, and special variables in each market caused the positive effect. PSR

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

2022-07-20

CNG Vehicles Are Moving in Cruise Mode

INDIA REPORT 
Aditya Kondejkar

Sales of CNG (Compressed Natural Gas) vehicles in India are set to scale a new peak, driven by robust double-digit expansion in 2023 demand, with lower total ownership costs decidedly tilting the scales in favor of gas-powered cars instead of those running on liquid automotive fuels.

“We are seeing excellent traction for CNG vehicles,” says Tarun Garg, Director – Sales, Services and Marketing, Hyundai Motor India. “CNG provides a very good option to customers in terms of reduced total cost of ownership. Not only is the price of CNG fuel less than petrol/diesel, the fuel efficiency, too, is relatively better and emissions are lower.”

Currently, the country has more than 4,500 operational CNG stations, compared with fewer than 1,000 in 2014. To push adoption of CNG vehicles in the personal mobility space, in 2019, the petroleum and natural gas ministry announced plans to set up more than 10,000 CNG stations over the decade. It is anticipated that the country will save approximately  Rs 2 lakh crore in oil imports if personal car users switched to CNG vehicles. Read The Article

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2020-05-23

Vertical Integration Is Key for Competitive Battery Vehicles

R&D World magazine recently examined the global market for lithium-ion batteries and concluded that there could very well be a shortage in the next decade. They projected that recent investments will ensure supply keeps ahead of demand for at least the next two years, but that the demand for lithium in 2030 will be 2.3x higher than the global output in 2019, and investments may not be happening at the pace needed to meet it.

Tyler Wiegert
Tyler Wiegert

The main bottleneck is that it takes 5-10 years to bring a new lithium or cobalt mine online, but their low prices right now remove some of the incentive to make those investments.

In the absence or shortage of those investments, control of current resources will play a critical role in the production costs of lithium-powered equipment, including on-highway vehicles. In this area, as in many others, Tesla appears to be a leader. The electric car maker has made a number of moves recently to pursue vertical integration, including, most recently, signing a supply deal with Hanwha for battery production equipment. But they are also making moves to secure ownership of the raw materials needed for battery production.

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2021-10-24

Subsidy Program for Scrapping Diesel Vehicles Ineffective

FAR EAST: SOUTH KOREA REPORT

About half of those who received South Korean government aid to scrap their old diesel vehicles early have purchased diesel vehicles again, according to a new study. The government spent 845.4 billion won (about 79.6 billion yen) in the last five years (2016-2020) to scrap 959,000 aging diesel vehicles, but the number of all diesel vehicles increased by 9% during the same period. The government has pointed out that diesel vehicles are the main culprit of particulate matter such as PM2.5 and has implemented a policy to “eliminate” them, but this policy has not been effective.

There is subsidy support if old diesel cars are scrapped depending on the level of emissions in operation. In addition, there are additional subsidies if you buy an eco-car or a gasoline/LPG car.

If old diesel vehicles with a gross weight of less than 3.5 tons are scrapped early, they can receive up to 6 million won (about 570,000 yen) in subsidies. According to data from the Ministry of the Environment, 48,757 people in the Seoul metropolitan area purchased new cars in the first half of last year after receiving subsidies to scrap their old diesel vehicles. However, of the cars purchased by these people, 21,686 (44%) were diesel vehicles. Moreover, 15,990 of them were used diesel cars, 2.8 times more than the number of new cars (5,696).

Source: Chosun Online

PSR Analysis: It is hard to say that this is a flaw in the system, but the reality is that this system has not achieved its purpose and has produced the opposite effect. The reason for this situation is simple: many of the users of trucks under 3.5 tons are small businesses, and considering their expenses, they do not choose gasoline vehicles, and new vehicles are not an option, so they choose used diesel vehicles.

EVs and fuel cell vehicles, which are now being widely reported, are attracting attention as vehicles equipped with next-generation technologies. However, especially in the case of commercial vehicles, the high initial cost is frowned upon. The market should take another look at the fact that inexpensive vehicles that can easily demonstrate their contribution to business will be selected. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research

2023-05-21

Rural India May Play Vital Role in EV Adoption

INDIA REPORT
Aditya Kondejkar

Electric vehicles (EVs) witnessed strong growth in the Indian market in 2022, with a three-fold increase in sales as compared to the year before. Official data shows that Indians have bought 2,780,000 EVs since January 2023 at an average of more than 90,000 EVs per month. Significantly, the demand for EVs is not limited to metro cities such as Delhi, Mumbai, and Bengaluru, but is increasing in Tier-2 and Tier-3 markets as well.

Source: Financial Express    Read The Article

PSR Analysis: While the growth of EVs has been primarily focused on urban areas of India, we are seeing a significantly improved adoption of EVs in rural parts of the country. The statistics from Vahan, the national vehicle registry, reveal that sales of electric cars and 3ws from the contribution of the top 10 districts in India has dropped significantly from 55%-60% in fiscal 2021 to 25%-30% in fiscal 2022. In the 2Ws segment, the percentage has dropped from 40%-45% to 15%-20%. The noticeable gaps here are being filled up by smaller towns and rural India.  

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2022-11-15

DATAPOINT: North America Utility Vehicles, 2022 Production: 432,700 Units

432,700 units is the estimate by Power Systems Research of the number of Utility Vehicles to be produced in North America (United States, Canada and Mexico) in 2022.

Four-wheel off-road Utility Vehicles with side-by-side seating are designed to be used in a variety of recreational, industrial and military applications. When equipped with dumpers, they are commonly used for landscaping, dumping and transporting light materials. Vehicles can be customized with enclosed cabs, tool racks, dumpers and more for use on college campuses, parks, corporate campuses and airports. Suppliers offer a wide variety of gas, electric and diesel utility vehicles.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

Exports: Canada, up to 90%; Mexico, up to 85% for NA markets, and US, up to 40% worldwide.

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