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Twelve automakers in Russia are counting on privileged credits for working capital support of backbone enterprises during the COVID struggle.
Maxim Sakov
Under the program, a company must have revenue of US$300 million (20 billion rubles) and employ more than 1000 people. A special bank product has been designed for such companies. The bank interest on this credit will be subsidized within the base interest rate of Russian Central Bank, and half of the credit will be warranted by the Ministry of Finances. Read The Article
The Russian auto market’s increased demand for new passenger cars has caused inventory shortages, and these shortages have caused Russian authorities to suspend State programs of industry support.
In May, for example, the number of the cars sold increased by 2.3 times, compared to same period in 2020. This growth is partly the result of pandemic restrictions last year. A total of 663,000 new cars have been delivered to the customers this year, up 39% from a year ago.
Another reason for the shortage of cars in Russia is a shortage of semiconductor chips.
Read about Show Reports in Europe and South America in the May issue of PowerTALK Report. In this issue, you’ll also find a global forecast for inboard marine engines, Kia’s plans for tailored EVs and Weichai’s plans to join forces with BYD to jointly produce batteries.
IN THIS ISSUE
Alternative Power:
Caterpillar and NMG Join Forces
Volkswagen Plans Its Largest Battery Factory In Canada
Cummins To Invest $1 Billion in Hydrogen Network
Japan’s Love of Hydrogen Power Could Lead To Failure
Global: Marine Inboard Market Forecast: US$4.45B
North America: EPA Releases Phase Three GHG Standards
Electrification has become one of the important directions of green development within China’s construction machinery segment. Domestic construction machinery leaders have increased the development of equipment electrification and have launched a variety of electrification products.
Some professional organizations predict that by 2025 the penetration rate of main products may reach 25%. The electrification of construction machinery initially replaces conventional diesel engine drive with electric drive and then the hydraulic device is replaced by an electric device. Concrete mixers, truck cranes, muck trucks, excavators and wheel-loaders are the most easily electrically driven products, especially for small construction machinery.
With the increasing penetration of the Compressed Natural Gas (CNG) network across India, many cities may transition from conventional diesel-powered vehicles to CNG for the last mile.
Liquefied Natural Gas (LNG) could be a favorable option for heavy and long hauls due to its higher energy density and hence a lower payload penalty and potential range, a lower carbon footprint/noise levels and its cryogenic temperatures which makes it a theft-proof fuel option.
At the same time, the use of HPDI (High-Pressure Direct Injection), a system that enables heavy–duty trucks to operate on natural gas with diesel- like performance would also aid in the switch to LNG.
Opel is back in Russia, and the company appears to be
betting the Russian market can provide a significant opportunity for business
diversification.
Maxim Sakov
In 2019, company sales declined as the business was
reorganized, and Opel cut its model portfolio.
According to reports, 96% of Opel sales are concentrated in
Europe. This fact has determined a focus point for sales increase. In 2022,
Opel expects to be in 20 new export markets. After 20 years of financial
losses, the very first year within the Peugeot SA structure was quite
profitable for Opel (plus 859 million Euro for 2018).
Meanwhile, the Russian PSA plant in Kaluga has begun final preparations for production of Zafira Life and Vivaro minivans.
PSR Analysis: It appears that Opel has decided to start with minivans in the Russian market, and it is targeting the LCV niche where the chances for success are better than in passenger cars. While individual consumer demand is declining for LCVs, the companies making the vehicles locally can receive State and municipal orders for vehicles.
Last year, the State placed big orders for ambulances and school buses, sharing the orders between the GAZ Group and other local OEMs. At the same time, new models of passenger cars produced abroad, like Opel Crossland X, did not post good sales in the Russian market. PSR
Maxim Sakov is a Market Consultant in Russia for Power Systems Research
Construction of the new Haval plant is based on an investment contract. The new plant, which is scheduled to start production in 2022, Haval is expected to increase localization of its cars.
The plant is located in Tula region, and its production should be enough to produce engines for more than 90% of the Haval cars sold in Russia.
Investment in the project is estimated to be about US$ 55 million (4 billion Rubles). Planned annual production capacity is 80K engines.
PSR Analysis: This event is an example of the strategy to develop relationships between the Russian government and large international OEMs. Large car makers are allowed to sell their product in Russian market while they bring production capacities (and technologies) into the country. PSR
Maxim Sakov, Market Consultant – Russia Operations for Power Systems Research
NAMI (Automorive Research Institute) has developed a prototype Aurus car powered by hydrogen fuel, according to Russian Minister of Industry and Trade Manturov during the launch of mass production of the Aurus Senat model. According to the minister, this is the only project in the world in the premium car segment.
The price of base Aurus car will be US$ 240,000 (18 million Rubles). Next year it’s planned to start mass production of Aurus Commendant SUV.
Mass production just started in Elabuga. Production capacity of the plant is up to 5,000 cars per year.
PSR Analysis: Aurus is a top luxury car model, developed in Russia by NAMI. It’s used by the Russian president and top State officials during protocol events, including parades, ceremonial receptions and visits. It has a look similar to the Rolls-Royce Phantom and is equipped with a domestic hybrid 600 hp motor. It’s unknown whether the hydrogen modification will come to serial production. PSR
Maxim Sakov is Market Consultant-Russia Operations for Power Systems Research
The Russian government has approved a new plan for electric transport development into 2030 that will be implemented in two stages. At the end of the first stage, the plan calls for production of at least 25,000 electric vehicles and the launching of 9,400 charging stations.
By 2030, 10% of all new vehicles should be electrical, and the number of charging stations should increase to 72,000. In Russia, by 2030 it’s planned to launch production of accumulator battery cells, and to build 1,000 hydrogen fuel stations for vehicles.
This report comes from General Director of GAZ Power Aggregate division Konstantin Rukhani. “After 18 months we shall complete the tests, after about 2.5 years, we’ll come to mass conveyor production,” he told Ruhani. He added that the design of the new hydrogen engine will be similar to its gas reciprocating engine.
“We consider that at the moment, if we come to the strategy of use gas piston engine working on hydrogen, we can get vehicle with a price of 30-34% higher than current ones. The engine will be less demanding for the purity of hydrogen fuel,” he added.
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