Vingroup To Enter EV Cab Market

VIETNAM REPORT
Akihiro Komuro
Akihiro Komuro

Vingroup plans to launch a cab business using EVs in the country in April. The founder and chairman of the company has established a new company, owning a 95% stake. The company plans to start the service in Hanoi, the capital of the country, and expand it nationwide within the year. The company also hopes to increase awareness of its products.

The new company, Green and Smart Mobility (GSM), is capitalized at US$ 128 million (VND3 trillion, approximately 17 billion yen) and will develop a cab business using EVs as well as a business that rents EVs and electric bikes to other cab companies, etc. GSM plans to use 10,000 EVs and 100,000 electric bikes.

Source: The Nikkei

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PowerTALK May 2019

New Initiatives Announced at Power Systems Research

New initiatives at Power Systems Research (PSR) are spelled out by Joe Zirnhelt, PSR president and CEO, in the May issue of the company’s monthly PowerTALK report.

Here are more TOP STORIES in PowerTALK, May 2019:

  • NA Crane Production Slows
  • No Slowdown in NA Economy
  • Y-O-Y Global Truck Production Is Flat
  • Brazil Agshow Sales Up 6.4%
  • China Expands NS6 Emission Regulation
  • JCB Lands Record Order
  • Honda Readies EV
  • SoCar, Tesla Collaborate
  • Malaysia Backs National Car Brand
  • India Halts e-Bike Sales
  • India Tractor Sales Drop
  • Russia To Support GAZ Group
  • Belaz Tests Driverless Truck
  • Hino Truck Builds Plant in Moscow
Read More»

PowerTALK August 2018

Strong Economy Indicates Another Year of Solid Growth

Second of Two Parts
SUMMARY. During Q2 2018, the economy remained stable and economic conditions in the region still are favorable, most industries are doing well, and the short-term outlook remains positive to flat for most market segments. We expect such strong conditions to last at least another 12 months. At the same time, there will be some minor differences among
market segments, especially those that are consumer oriented.

Top stories in this issue of PowerTALK

  • NA Tiller Growth
  • Battery Show Notes
  • NA Economy Forecast
  • Brazil Eyes EV, New Trucks
  • China Replaces Diesel Buses
  • EU M/C Market Recovers
  • EU Priority: Stimulate Investment
  • Hydrogen Conversion Package
  • Korea Cuts Auto Tax
  • Harley Targets Asia
  • India Promotes EVs
  • Tractor Plant Takeover
  • Moscow Oks Driverless Vehicles

PowerTALK March 2018

Severe Weather, Economy Boost Q4 2017 Gen-Set Sales

In this issue of PowerTALK, you’ll find PowerTRACKER North American gen-set survey report as well as news and analysis about these Top Stories:

  • PSR Marine Database Expanded
  • Data Point: A new feature
  • 2018 Moscow Boat Show Report
  • India Shifts EV Program
  • Hyundai May Build Engine Plant in Russia
  • Ford Delivers First Bi-fuel Focus Cars in Russia
  • Some Thoughts as China Drops Term Limits.
  • VW Picks China’s CATL as Battery Source

Production of BelAZ Dump Trucks May Be Started in Russia

Minsk has offered to Moscow to localize production of heavy mining BelAZ trucks in Russia. It was announced by deputy of Trade Minister Mr. Evtukhov.

“At the moment Belorussian colleagues have offered to produce BelAZ trucks in Russian Federation, to localize… I think, this project could be implemented – says Mr. Evtukhov on joint meeting of trade committees of two countries.

Note, that in Belarus since 9 August the protests have started. BelAZ workers also participated in meetings and strikes.    Read The Article

PSR Analysis: BelAZ produces one of the world’s largest HHP mining trucks (up to 450 ton capacity), and Russia was one of its key markets until this year. However, now the import volumes to Russia have dropped significantly. Today, production of similar trucks in Russia is localized by Caterpillar. Similar projects also are developed by local OEMs (Tonar, KAMAZ). So, BelAZ is searching for ways to keep its market share.    PSR

Maxim Sakov is Market Consultant, Russia, for Power Systems Research

KAMAZ Launches First Dump Truck Sharing Service

The KAMAZ truck sharing service works on the classic vehicle sharing model. The company provides a ready-to-use vehicle; the client just needs to fuel it. Optionally, the client can rent the truck with the driver.

It’s possible to take a truck for a period of one day up to one year. The fleet available for rent includes modern dump trucks KAMAZ-65801 up to 32 ton capacity, which is one of most popular models on the market.

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North American Economic Outlook – April 2021

In this episode of PSR PowerTALK, Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, discusses why the North American economy could post record growth of more than 6% in 2021.

https://open.spotify.com/episode/3G06suFSJDqQvs9LThYhrI?si=RamKZMRqQx2oSrjNYUIePw

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 the economic outlook for North America. This forecast has been developed by Yosyf Sheremeta, Director of Product Management and Customer Experience at Power Systems Research. Yosyf provides our clients with economic and production forecasts each quarter. Thanks for joining us today Yosyf.

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Russia Economic Outlook – April 2021

Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q1 2021 economic outlook for Russia in this episode of PSR PowerTALK.

Transcript

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

00:06 Emiliano Marzoli:

From Power Systems Research, hello everyone. I’m Emiliano Marzoli, editor of PSR PowerTALK, and today I will discuss the economic outlook for Russia with Maxim Sakov, our marketing consultant in Moscow. Maxim provides our clients with economic and production forecasts for Russia each quarter. And thank you for joining us today, Maxim.

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