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PowerTALK™, March 2024

PowerTalk – Mar 2024Download

In the March 2024 issue of PowerTALK News you’ll find two articles describing changes at Van Hool, the Belgian bus manufacturer, as it struggles to meet EV competition. Another EV article describes possible EU tariffs on Chinese EV imports. You can also read an update on EV battery technology from Michael Aistrup as well as a report on the record sales performance in 2023 by Rolls Royce power systems business unit by Natasa Mulahalilovic, Finance and Admin. Manager – Europe.

IN THIS ISSUE

ALTERNATIVE POWER REPORT:

  • Germany Drops Subsidies for Electric Semi-trucks and Buses
  • Lithium-Air EV Batteries Tapped For Net Zero Economy of The Future
  • Why Are Hydrogen Fuel Cells So Expensive?
  • Europe May Slap Retroactive Tariffs on Chinese EVs

GLOBAL:

  • Van Hool To End City Bus Production in Belgium
  • E-Battery Technology Increases Application Opportunities

DATAPOINT: North America Trencher Production  

EUROPE:

  • Rolls Royce Posts 16% Revenue Gain
  • Van Hool Making Major Changes      

BRAZIL/SOUTH AMERICA:

  • Car OEMs Announce US$ 14.3 Billion Investment in Brazil
  • AG and CE Segments Poised for Substantial Growth in Brazil

JAPAN: Kubota Plans To Produce Batteries for EV AG Equipment
SOUTH KOREA: SK Plans World’s Largest Semiconductor Manufacturing Base
CHINA: Electrification of Construction Machinery Industry Accelerates
INDIA: EV Market Provides Opportunities and Challenges

PowerTALK™ News, November 2020

PSR-PowerTALK_November-2020Download

If you use construction equipment, or if it’s important for you to know what’s happening in the construction segment in Europe or North and South America, you’ll want to participate in the free one-hour Construction Outlook Webinar produced by Power Systems Research and JCB Power Systems on Monday, Nov. 30, 2020, at 9:00 am CST. You’ll find the details in the November issue of PowerTALK News.

You’ll also find an analysis by Chris Fisher, senior commercial vehicle analyst at Power Systems Research, of the TRATON-Navistar merger. Other top items in this issue include:

  • NA: New Powerboat Sales Up
  • NA: MC Sales Climb
  • NA: B&S Exits Chapter 11
  • NA: Green Power Acquisition
  • NA: Zero MC Partners With Polaris
  • NA: Harley Launches E-Bike Brand
  • DataPoint: US Excavators
  • Europe: Marine Pleasure Market
  • Brazil: First E-Bus Operation
  • SA: Ford Transit Production
  • SA: Columbia Auto Sales Up
  • Japan: Makita Drops Products
  • Japan: Kawasaki Spins Off MC Business
  • Korea: Hyundai Plans Unmanned Plane
  • Thailand: EV Incentives Offered
  • India: Production Incentives
  • Russia: New Diesel Production
  • Russia: AutoVAZ Posts Sales Gains
  • Russia: KAMAZ Develops E-6 Engine

2021-07-27

Strong Post-pandemic Growth Expected into 2022-23 for North America

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback.  There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.

Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation. 

During H1 2021, we witnessed a strong level of activities and a rebound for many industries.  As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries. 

We expect this level of rebound to continue and we now expect even stronger overall growth for 2021.  The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s.  In the near term, consumer spending will help drive demand and support the strong growth trend.

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2021-11-21

NEDO Begins R&D of Hydrogen Aircraft

The New Energy and Industrial Technology Development Organization (NEDO) says it will launch a four-topic research and development project for the development of next-generation aircraft, including core technologies for hydrogen aircraft and drastic weight reduction of major structural components of aircraft.

By using Japan’s strengths in elemental technologies such as hydrogen and materials, the project aims to increase the ratio of participation in international joint development of airframes and engines (currently about 20-30%) and contribute to the decarbonization of the aviation sector. It will be implemented as part of the Green Innovation Fund project with a total of 2 trillion yen. The budget is 21.08 billion yen. Kawasaki will develop the core technology for hydrogen aircraft, while Mitsubishi Heavy Industries, Ltd. and ShinMaywa Industries, Ltd. will develop complex shapes and dramatically reduce the weight of major structural parts of aircraft.

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2020-09-27

Generac Capitalizes on Series of (Un)fortunate Circumstances

In last month’s issue of PowerTALK™ News, I wrote about how the pandemic was impacting some of the giants of the power generation industry, and Generac stood out as an OEM that had been well-positioned to capitalize on the disruptions in the marketplace.

Tyler Wiegert
Tyler Wiegert

They were already dominant in home backup power, a household name, and a clear early thought for the many people who were suddenly working and learning from home and searching for a way to make sure they did not lose power. At the same as this enormous upheaval affected our lives, wildfires blazed across California and continue to ravage the state, and hurricanes devastated the Gulf Coast.

While other residential power suppliers ran into supply chain bottlenecks that kept their dealers from being adequately stocked for the surge in demand, Generac managed to keep inventory flowing, leading to profits that are incredible by the standard of what we expect in this time, and a 20.8% jump in their share price in August alone.

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2022-09-29

Can EV Enthusiasm Trigger Global Growth?

Consumer adoption of EVs has gathered momentum this year, spurred by higher global oil prices. The Russia-Ukraine war has made EVs suddenly more appealing to many car buyers, accelerating adoption globally. The higher oil prices are driving EVs closer to cost parity with internal combustion engine (ICE) vehicles. In Bloomberg New Energy Finance’s most recent Electric Vehicles Outlook 2022 report, it projected EV sales to hit 20.6 million units by 2025.

On Tesla’s most recent earnings call, Elon Musk admitted, “We do not have a demand problem but a production problem.” Other car manufacturers such as Ford, for instance, says it can build its F150 Lightning and the Mustang Mach E fast enough to keep up with demand

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PowerTALK™ News, February 2020

We’ll Be Looking for You in Las Vegas

PSR-PowerTalk_News, February 2020Download

CONEXPO-CON/AGG is North America’s largest construction trade show representing the construction and concrete industries will be opening in Las Vegas in a few weeks, and we’ll be there.  Even though we’ll have a full team at the show of nearly a dozen PSR representatives, it will be difficult to hit all of the 2,800 exhibitor areas, so let us know how we can meet up with you.

If there’s a time that works best for us to visit with you at the show, please let us know.  Just call or drop us an email. Email us at info@powersys.com or call us at 651.905.8400, and we’ll plan to get together.   PSR

In the meantime, here are several articles from the February issue of PowerTALK News, to keep you updated on global power equipment news.

2021-02-22

Chris Fisher Truck News – February 2021

In this episode of the PSR PowerTALK Podcast Chris Fisher, Power Systems’ Senior Commercial Vehicle Analyst, discusses the Q4 2020 global production facts and related forecasts for medium and heavy trucks.

Transcript

Welcome to PowerTALK Truck podcast February 2021. Produced by Power Systems Research, the leading supplier of global production data and forecasts to the engine power products and Components industries. Here’s today’s host, Emiliano Marzoli, Manager of Power Systems Research, European Operations.

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2021-01-22

NA Economic Outlook: Slower H1 2021, But Much Stronger H2 2021 Expected

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  In our previous forecasts, we have discussed some hope for a V-shaped recovery, it did not materialize.  Our conclusion was based on several factors, such as the current economic cycle, overall strength of the economy, fiscal policy, political landscape in the US and globally, etc. After managing through the early stages of the pandemic in H1 2020, we saw good trends in H2 2020 and we had reasons to be optimistic for a quick recovery.

However, the recovery took a slight pause during the last few months.  Unemployment continued to increase, and regional lockdowns prevented the necessary demand for a significant year-end growth.  Now that the elections are over, we’ll have yet to see what the new administration will be able to achieve during the next two years.  Specifically, if the long awaited infrastructure reform can be passed.  However, fiscal policy with near zero interest rates, which government has promised to keep in place for the near future, will provide a good platform for the economic recovery and allow us to look optimistically into 2021-2022.

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2019-08-27

FAR EAST: JAPAN REPORT

Mitsubishi Manufactures Wind Turbines

Mitsubishi Heavy Industries has begun manufacturing the basic structure of wind turbines at the Nagasaki Shipyard, where excess capacity exists. This is because MHI’s specialty LNG carriers are monopolized by Korean manufacturers and MHI is not receiving orders. Now, they take on non-shipbuilding jobs and help maintain the employment of the shipyard. Their Nagasaki Shipyard started manufacturing the basic structure that supports large wind turbines. Since the shipyard has a space for handling large parts of the ship, it can also be used to manufacture wind turbines.

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