Read about new partnerships set up to develop alternative power sources in the February issue of PowerTALK News. Also in this issue is a report on 2021 global truck production, several articles on hydrogen fuel cell development, and a North American economic forecast by Yosyf Sheremeta, PhD.
ST. PAUL, MN — The Q4 2021 Power Systems Research Truck Production Index (PSR-TPI) increased from 116 to 120, or 3.4%, for the three-month period ended December 31,2021, from Q3 2021. The year-over-year (Q4 2020 to Q4 2021) loss for the PSR-TPI was, 190 to 120, or -37%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan and Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
Global Index: We expect global production volumes in 2022 to gain 3.7% vs 2021, with a positive trend in all regions, except for China, where we expect production volumes to be down -3.6% in 2022 vs 2021. China experienced a surge in demand during 2020 due to the change in emissions regulations, so 2021 was down significantly, about 20%.
All Regions: Global demand for Medium and Heavy Commercial Vehicles (MHV) rebounded in 2021 but overall growth in the segment was flat. Going forward, we expect the growth to accelerate in 2022 and 2023. The exceptions to this rebound trend are in China and India, which continue to decline and sharply drive overall global production numbers into negative territory.
North America: While supply chain disruptions continue to negatively impact the commercial vehicle market, medium and heavy commercial vehicle production is expected to finish 2021 15.8% higher than 2020. The forecasted production growth rate is expected to continue to show improvement through 2023 as supply chain disruptions ease and truck capacity in the market begins to align with demand. The disruption in the supply chain and on-going issues with COVID will continue to impact the market in 2022. PSR
Jim Downey is Vice President-Global Data Products and Chris Fisher is Senior Commercial Vehicle Analyst at Power Systems Research
This issue of PowerTALK News contains articles on the Yanmar acquisition of ELEO Technologies and several articles about alternative power sources. You can also read about the Q1 2022 PSR Truck Production Report here.
IN THIS ISSUE
Truck Production Index Drops
DataPoint: NA Lawn & Garden Tractors
Europe: Yanmar Acquires Tech Firm
South America:
Fleet Renewal Program Goes Live in Brazil
Tupy Acquires MWM in Brazil
China: Five Year Plan Pushes LNG
Japan: More on Yanmar Purchase
SE Asia:
Thai Incentive Program to Promote EVs, Starting in 2022
The June 2022 issue of PowerTALK News is loaded with articles about alternative power applications. Chris Fisher writes about the efforts at Cummins to develop hydrogen powered engines, Mike Aistrup reports on the e-motorcycle segment, Emiliano Marzoli discusses Volvo’s efforts to develop Construction Equipment powered by alternative energy sources, and Jack Hao reports on BYD’s plans to supply Tesla with batteries. And there’s more. Enjoy your read.
The global e-motorcycle market is changing almost daily as market share leaders develop new products and new companies continue to enter the market with competitive products. Here’s an update on several leading e-motorcycle OEMs.
Tork Motors has launched the Kratos electric motorcycle in the Indian market. The new Tork Kratos will be sold in two variants – Standard and R and will be available across India in a phased manner. In the first phase, this e-motorcycle will be available in Pune, Hyderabad, Bangalore, Chennai, Ahmedabad, and Delhi. The electric motor on the base model makes a peak power output of 7.5kW or 10.05bhp and a maximum torque of 28Nm. Tork has a manufacturing capacity to make about 500 units a month at its pilot plant and about 4,000 units a month at its new plant at Chakan near Pune.
Read about the European Battery Show in the July issue of PowerTALK, and Emiliano Marzoli’s interview with Dow officials about their product plans.Also in this issue is Jim Downey’s forecast on the North American economy and Jack Hao’s report on the sharp decline in China’s heavy truck sales.
In this issue of PowerTALK News we introduce a new feature, Alternative Power Report, written by Guy Youngs. The monthly feature will include news and analysis about EV and power sources such as batteries and fuel cells.Also in this issue are articles about Daimler’s new strategy regarding its Western Star Brand, and update on Personal Watercraft, and the implementation of China IV emissions regulations starting Dec. 1, 2022.
IN THIS ISSUE
Alternative Power
BMW keen on hydrogen fuel-cell EVs
Australian solar park could generate hydrogen for less than $2/kg
Tesla deploys lounges at Supercharger stations
BorgWarner buying EV charging company to boost growth
North America:
Daimler Beefs Up Western Star Brand
Personal Watercraft Production Grows
DataPoint: NA Tillers
Europe: Report:
100,000th lithium-Ion Forklift for Jungheinrich
MAN Launches New Generation Engine
Brazil/South America:
Brazil Implement Registrations Remain Strong
Volvo Plans EV Bus for Brazil in 2023
Mercedes To Deliver 1000 EV Bus by 2023 to São Paulo
Marcopolo To Deliver 30 EV Buses in 2022
China: China IV Emissions Regulation Set for December
Summary.Technological advancements in the PWC (Personal Watercraft) market have led to the introduction of quieter and cleaner PWCs. PWC manufacturers have also focused their designs on today’s consumer base–families–by continuing to manufacture more of three person models which offer state-of-art features and functions.
The PWCmarket will continue to grow over the forecast period based on an increase in leisure spending and increasing demand of PWC for utilization in sports.
Personal watercraft, also known as a jet ski, is a watercraft having a hull that is driven by an internal water jet pump engine. The PWC is designed in such a way that it does not hold water if it capsizes. PWCs are fast and have the ability to rapidly change direction. PWCs are controlled by a driver who either stands or sits on the watercraft. It is a popular choice for sports and recreational activities.
Initially, PWCs were equipped with a two-stroke engine, but with changing technology, PWCs are now powered with state-of-the-art four stroke engines.
The commercial industry will grow with trucks and buses expected to do well. Truck sales will improve as many industries require more units as they are running at full capacity
The Indian economy managed to revive itself during the first and second COVID waves and quickly achieved a V-shaped recovery.
This year, GST is reaching high levels. GST collection has witnessed a growth of 26% YoY – YTD CY22. Furthermore, the generation of e-way bills is increasing rapidly. The generation of e-way bills is directly proportional to truck utilization and drives vehicle demand.
South Korea is looking at its first trade deficit with China in 28 years, according to a report in the September issue of PowerTALK News, the monthly report of news and analysis from Power Systems Research. Also in this issue is a report from Guy Youngs on Alternative Power sources, as well as reports from two important industry shows: The Cannes Yachting Festival in France and the M&T Expo in Sao Paulo, Brazil.
IN THIS ISSUE
Alternative Power
Electric Battery Power Forecasts
Can EV Enthusiasm Trigger Global Growth?
Lithium Spot Prices Climb Nearly 900% Since January 2020
Cummins Jumps On New Energy Storage Iron Salt Formula
EV Shipping Set To Blow IC Engines Out of the Water
North America:
Navistar Introduces S13 Engine Platform
Outdoor Power Equipment Forecast To Grow 5.3%
DataPoint: NA Crawlers
Europe: Report from Cannes Yachting Festival 2022
Brazil/South America: Special Report: M&T Expo
China: Drought Forces Sichuan Power Cuts at Factories
Japan: Vinfast To Export Initial 5,000 EVs To Europe and the U.S.
Japan: Honda To Discontinue Two-Wheel Gasoline Vehicles
South Korea: South Korea Sees First Trade Deficit with China in 28 Years
India: Festive Demand Expected To Boost Auto Industry
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