Search Results for: scania-unveil-its-new-truck-generation

2023-10-24

FAW Jiefang, CATL Launch New Energy Venture

CHINA REPORT
Jack Hao
Jack Hao

FAW Jiefang and CATL have set up a joint venture company, Jiefang (Jilin) New Energy Technology Co., Ltd., to do business in the new energy segment. The company is wholly-owned by Jiefang shidai New Energy Technology Co., Ltd., which is a joint venture between FAW  and CATL with each party holding 50% of the JV’s shares.

The JV was established to sell new energy vehicles, batteries, battery parts, and electric vehicle charging equipment charging stations; Information system integration services; and Intelligent control system integration. It also will manufacture power transmission and distribution and control equipment.

In August 2022, CATL reached a strategic cooperation agreement with FAW Jiefang, proposing to invest 500 million yuan to establish a subsidiary for cooperation.  CATL’s battery business mainly focuses on the passenger car market, and the cooperation between the two sides marks the beginning of CATL’s in-depth launch into the new energy commercial vehicle market.

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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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2019-10-28

VW Plans To Add €1 Billion for Electrics

Volkswagen’s commercial vehicle subsidiary Traton says its MAN, Scania and Volkswagen Caminhões e Ônibus (VWCO) brands plans to invest more than one billion euros in e-mobility by 2025.

“Our goal is to become the leading provider of e-trucks and e-buses,” explained Traton CEO Andreas Renschler, mostly through research and development. Traton is developing a common modular electric powertrain to be used by all brands, much like Volkswagen’s MEB platform.

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Q2 2020 Power Systems Research Truck Production Index (PSR-TPI) Drops 74%

PSR-TPI-Q2-2020-July2020Download

St. Paul, MN (July 22, 2020)— Global truck production was battered by the COVID-19 in Q2 2020, and this decline is reflected in the Q2 2020 Power Systems Research Truck Production Index (PSR-TPI). The TPI plummeted from 80 to 34, or 57.5%, for the three-month period ended June 30, 2020, compared to Q1 2020. The year-over-year (Q2 2019 to Q2 2020) loss for the PSR-TPI was, 131 to 34, or 74%.

The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

This data comes from CV Link™, the proprietary database maintained by Power Systems Research.

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Q2 2021 Power Systems Research Truck Production Index (PSR-TPI) climbs 193.5%

St. Paul, MN (July 12, 2021)— The Power Systems Research Truck Production Index (PSR-TPI) increased 193.5% year-over-year (Q2 2020 to the Q2 2021), moving from 46 to 135. For the three-month period ended June 30, 2021, (Q1 2021 to Q2 2021) the TPI climbed 15.4%, increasing from 117 to 135.

The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

Global Index. 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 possibly into 2022.

All Regions. Except for China, all regions are expected to experience solid commercial vehicle demand growth this year and into 2022.  Chinese heavy truck demand is expected to decline this year primarily due to the implementation of the China VI emission regulations that adds cost to the vehicles but no significant improvement in fuel economy.

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2022-07-20

Heavy Truck Sales Fall by More Than 60% in H1 2022

CHINA REPORT
Jack Hao
Jack Hao

The heavy truck industry fell in the first half of 2022 by more than 63% from the previous year. According to the latest statistics from the China Automobile Association, for January to June this year, the overall sales volume of the domestic heavy truck market was about 380,000 units, a decrease of 63.6% compared with the same period last year.

In June, the sales volume of China’s heavy truck industry was only 55,000 units, a year-over-year decrease of 65%. The main reasons for the decline in heavy truck sales this year are the upgrading of emission standard from “China V” to “China VI” last year, which caused a pre-buy in the market, and the impact of the epidemic this year, which depressed the logistics and transportation market, further curbing demand for new trucks.

The heavy truck industry is a cyclical industry, and its development cycle fluctuates due to changes in environmental protection policies and the overall economy. Following a 14 month decline in sales, the primary concern in the heavy truck industry is this: When will there be a turnaround?

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2022-10-21

Mexico Truck & Bus Update. Alternative Power Sources Displayed

Show Report: Expotransporte 2022
PSR-Show-Reports-Expotransporte-2022_F2Download

Editor’s Note: This report includes a conversation with Miguel Elizalde Lizárraga, the executive president of ANPACT (the National Association of Bus, Truck and Engine Manufacturers) and a visit to the Expotransporte 2022, the largest truck show in Latin America.

Lorena Violante
Lorena Violante

ANPACT represents the trucks, buses and engine manufacturers in Mexico. It participates actively with government organizations and other important related associations to ensure the truck and bus industry gets enough support, incentives, alliances, agreements and information to grow in the local market. Also, to continue with their outstanding role as one of the most important exporters of heavy duty vehicles globally.

The ANPACT gathers the most important trucks, buses and engine manufacturers in Mexico such as Kenworth, Freightliner, International, Mercedes Benz, Man, Volkswagen, Scania, Dina, Mack, Volvo, Isuzu, Hino, Detroit and Cummins.

During our conversation, Elizalde provided timely insights into the Mexican transportation industry and the major market challenges this country is facing today.

Chris Fisher
Chris Fisher

Vehicles manufactured in Mexico produce an important impact on the country’s economy, logistics and mobility. For example, 71% of the foreign trade value is moved to the US through heavy duty trucks. Much of the movement of goods in Mexico is through trucks, and people use buses as their main transportation.

According to ANPACT´s August statistics, manufacturers produced a total of 127,858 heavy duty vehicles from January through August this year. This is 18% more than 2021 production. Through August, export volumes increased by 15.7% (106,824 units) compared to 2021. Retail demand has increased so far by 20.5% (25,196 units).

Current challenges the transportation industry is facing today in Mexico include road safety, environmental regulations implementation, supply chain lead times, driver shortage, e-commerce, vehicles renewals, safety and energy infrastructure.

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