China Has World’s Largest EV-Charging Network
China has built the world’s largest electronic vehicle charging infrastructure network, attracting capital from diversified sources.
Source: China Daily Read The Article
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2019-08-25
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Italy’s CNH and China’s FAW in Talks Over Truck Maker Iveco
CNH Industrial is in talks with China’s FAW over the future of truck maker Iveco, the Italian-American group said recently after sources told Reuters it had revived previously aborted negotiations.
Source: Reuters Read The Article
PSR Analysis: Another positive development in the industry during such a gloomy crisis, FAW fits the merger success story I just mentioned about the few surviving companies. There are for sure many challenges ahead with the acquisition, particularly after the take-over, but there are so much to celebrate if the deal can be finalized.
Both Europe and China are investing in each other’s market, Scania, MAN, Daimler and Volvo are all setting up new factories or strengthening ties with current partners in China.
And now we see FAW is putting their focus in the European market by engaging with Iveco. Both sides have seen potential growth on one another’s market. European truck makers will bring along new concept and technology to China’s market and likes of FAW will bring along cost saving and localization practices for its European counterparts
This is another sign that Chinese companies are moving more and more of their focus on the overseas markets, we will only see more of this coming in the future. PSR
Qin Fen is Business Development Manager-China for Power Systems Research
Mercedes Produces Initial Heavy Trucks in China
CHINA REPORT
Mercedes-Benz heavy-duty truck factory in China has started mass production and its first domestic Chinese heavy-duty truck has rolled off the assembly line. The rollout reflects the Mercedes Benz truck localization project, under which Mercedes is producing heavy duty trucks built specifically for the domestic Chinese market.
The first batch of Mercedes Benz domestic heavy trucks is scheduled to be delivered to customers in early November.
In the process of localization, MB is striving to achieve a balance between high quality and cost. It is working with 150 domestic suppliers to improve manufacturing quality capability and localize the supply of more than 1500 parts. Presently, the localization rate of Mercedes Benz heavy truck Actros series exceeds 50%, and the localization rate of Actros C series is 90%.
Mercedes Benz trucks has established a Mercedes Benz business unit under the joint venture of Daimler Trucks Co., Ltd. and Foton Motor, which have a 50: 50 share ownership.
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Japanese Car Share Plummets in Thailand, China Gains
THAILAND REPORT
The share of Japanese automakers in Thailand’s new car market, once considered a “stronghold for Japanese cars,” is plummeting. This is due to the rapid adoption of electric vehicles due to the government’s preferential policies and the rise of Chinese manufacturers focusing on electric vehicles. Thailand is also the largest automobile manufacturing base in Southeast Asia, and this could affect the entire regional market. According to a tally by Toyota Motor’s Thai subsidiary, the nine Japanese giants will have a combined market share of 77.8% in 2023. They once held a 90% share, but the 2023 mark was 7.6 percentage points lower than the previous year.
In Thailand, companies that import EVs can receive a subsidy of up to 150,000 baht (about $600,000) per vehicle and a tariff reduction of up to 40% if they sign a memorandum of understanding with the government. More than 10 companies, including Chinese EV giant BYD, have signed the MOU because of the lower selling price.
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Hyundai China Sales Drop 77% in Six Years
FAR EAST: SOUTH KOREA REPORT
South Korea’s Hyundai Motor has announced that it will sell two plants in China. Beijing Hyundai, a joint venture with China’s state-owned auto giant Beijing Automotive Group, will reduce the number of plants in operation to two. Sluggish sales in the Chinese market have prompted the company to make structural reforms.
Hyundai Motor’s sales in China were 260,000 units in 2022; in 2016 it sold 1.13 million units, a 77% decline in six years.
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In 2025, China’s Construction Machinery Electric Drive Products May Reach 25%
CHINA REPORT
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.
Source: CLS Read The Article
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China To Push Adoption of New Energy CVs
CHINA REPORT
Pilot cities must embrace EVs in official vehicles, public transport, taxis, sanitation, postal express, urban logistics, airport vehicles, aiming to achieve 80% NEV proportion by 2025. A balanced and efficient charging infrastructure must be established, with public charging piles proportional to NEV promotion, and 10% charging facilities in expressway service areas.
Innovation in tech, green energy supply, and new information/communication networks must be applied to efficiently integrate NEVs with power grids and other fields. Innovations such as intelligent charging, high-power charging, rapid power change have been expanded, and vehicle-network integration verified.
Source: The QQ Read The Article
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Electrification of China Construction Machinery Industry Accelerates
CHINA REPORT
The electrification of the construction machinery industry in China continues to accelerate. For example, CATAL and Longgong have signed a strategic cooperation agreement in Ningde, Fujian, a move that follows the January cooperation agreement between CATAL and Lingong Heavy Machinery. According to the agreement, both parties will expand cooperation in the development and production of construction machinery, the development of power batteries for construction machinery, and jointly research and develop adaptive products and market promotion to jointly explore the new energy construction machinery market.
More and more construction machinery companies are turning their attention to the electrification market. Domestic and foreign engineering machinery companies such as XCMG, Sany, Zoomlion, and Carter have developed and launched electric products such as loaders, excavators, and mixer trucks.
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SOUTH KOREA REPORT: Doosan Infracore Hikes Sales Promotion with SNS in China
Doosan Infracore announced on March 24 that “the share of product marketing and customer support using live content broadcasting on SNS is growing in China.” The company has conducted more than 20 live machine maintenance training sessions through SNS, and the total number of users has reached about 7,300, with 140,000 followers on WeChat.
More than 1,200 machines were sold through such online marketing, and the sales of parts sold on WeChat reached 10 billion won.
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CHINA REPORT, March 2020
This article appeared in the March 2020 issue of PowerTALK News
Beijing Municipal Passes Emission Off-Road Regulation
The Beijing Municipal government officially published an emission regulation paper March 9, 2020. The regulation is effective May 1, 2020.
Source: Beijing Municipal Government Read The Article
PSR Analysis: Coronavirus has changed many things in China, but it is not going to delay the implementation or reduce the determination of the Beijing local government to curb air pollution.
Starting in May, we will see more stringent emission regulations and more law enforcement of off-road machines. The regulation gives local government more authority and convenient access to emission device details. For the first time, this regulation provides regional coordination among Beijing and its neighboring provinces like Hebei and Tianjin. They are not the only region to do this; more and more cities in Yangtze and Zhujiang Delta region are coordinating on legislation and law enforcement in efforts to curb air pollution. PSR
Qin Fen is Business Development Manager-China
