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2023-08-21

Maruti Suzuki Plans India Market Expansion

INDIA REPORT
Aditya Kondejkar

Under Maruti’s 3.0 Strategy, the company proposes to expand annual capacity by 2 million units within nine years, and it plans to feature 28 distinct models by 2031. The automaker aims to reach an annual production volume of more than 4 million vehicles by 2031. Of this total, approximately 15% (about 600,000 units) will be electric vehicles (EVs), and about 1 million will be hybrid units.

This represents a substantial 75% surge from the current production capacity of 2.25 million units.

Foreseeing a threefold increase in export volume to 750,000 units by FY31, Maruti intends to allocate 3.2 million units for the domestic market. The company envisions hybrids and EVs comprising approximately 40% of this portion, translating to over 1.2 million units.

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2024-02-27

Hyundai Shifts EV Plans, Introduces Genesis Hybrid

SOUTH KOREA REPORT

Hyundai Motor Company is developing a hybrid vehicle for its Genesis luxury brand. The company had planned to focus on EVs and FCVs for the Genesis, which will be launched after 2025. The recent slowdown in the growth of the EV market has forced the company to change its strategy.

According to industry insiders, Hyundai Motor is developing a hybrid engine and related systems for the Genesis, which is expected to be launched in 2025. Hybrid models will be added to the mainstream GV80 and GV70 models. The company plans to expand its HV lineup under the Hyundai Motor and Kia brands as well, having decided to introduce HVs under its luxury car brands due to the risk of slumping sales if it continues to shift more toward EVs. Hyundai Motor’s HV sales in 2023 were up 53% from the previous year to approximately 380,000 units.

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2023-01-20

EV Purchase Subsidies Planned To Promote Sales

SOUTHEAST ASIA: 6 MAJOR COUNTRIES REPORT
Akihiro Komuro
Akihiro Komuro

Indonesia plans to introduce a subsidy program to encourage the purchase of EVs starting in 2023. The goal is to increase the number of EV users to 2.5 million by 2025 and reduce air pollution. The EV purchase subsidy program will be added to the list of EV policies introduced by President Joko Widodo over the past year.

Transportation Minister Boudi Karya Sumadi said the government is also considering subsidies for retrofitting internal combustion engine vehicles, but the government is carefully considering this plan because it would bring major changes to the labor-intensive auto industry. The Ministry of Transport plans to approach existing Indonesian automakers, such as South Korea’s Hyundai Motor and China’s BYD, to create an EV ecosystem for Borneo’s new capital city, he said.

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2023-06-19

Indonesia Plans To Become Major Player in Car Industry

SOUTHEAST ASIA: INDONESIA REPORT

Amid the global shift to EVs, Indonesia is vying to become the new leader in this segment.

Indonesia has already surpassed Thailand in passenger car production and has begun full-scale EV production ahead of Thailand. Thailand has begun to defend its position as the auto manufacturing hub of Southeast Asia by offering preferential policies for EVs, including subsidies for both domestic production and sales.

Indonesia’s greatest strength is its abundance of nickel, which is used in car batteries. It is said to have the largest nickel reserves in the world, and investment in this resource is growing rapidly. In April, the Indonesian government announced that it was considering investing in a nickel production venture involving Ford of the United States and that VW of Germany was also considering participation.

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2021-10-24

TSMC Plans Plant in Japan, Operation Set for 2024

FAR EAST: JAPAN REPORT

TSMC, the world’s largest semiconductor foundry, has announced that it will build a new plant in Japan, with plans to begin construction in 2022 and mass production in 2024. The Sony Group and Denso Corporation are expected to participate in the construction of the new plant.

The new plant will produce logic semiconductors with a circuit line width of 22 to 28 nanometers. They are generally used in signal processing that requires large amounts of data, and in high-performance microcomputers used in car control. TSMC envisions the site adjacent to the Sony Group’s image sensor plant in Kumamoto Prefecture as the planned construction site.

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2023-03-24

Nikola Plans To Develop Hydrogen Fuel Network

The lack of a refueling infrastructure is one of the largest challenges facing H2 development, so Nikola plans to start building a hydrogen fuel network. The network would make it possible for H2-powered vehicles to refuel conveniently, particularly when those vehicles are the company’s own trucks.

The company has already started the construction of H2 plants in order to produce the H2 necessary to supply the hydrogen fuel network. Once those are in place and the refueling stations are built, it will become feasible for companies to begin including H2-powered trucks in their fleets.

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Gen-Set Sales Gain Momentum in Q2 2017

SUMMARY: Considering sales across all power ranges, gen-set sales gathered some momentum in Q2 2017, up 1.8% compared to Q1 2017 levels.  This increase follows Q1 2017 where overall dealer reported sales were down 5.5% relative to Q4 2016 levels.

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2023-09-16

Korean Battery Companies Increase Sales Significantly

FAR EAST: SOUTH KOREA REPORT

The consolidated financial results for the April-June period of the three major Korean battery companies show significant sales growth. LG Energy Solution’s sales grew 73% y/y and operating profit was 2.4x y/y. SK On’s sales grew 2.9x y/y due to the expansion of EV production. Samsung SDI’s sales grew 23% y/y.

LG Energy, the world’s second largest automotive battery maker, posted a 73% y/y increase in sales to KRW 8.774 trillion (approximately $6.6 billion) and a 2.4x y/y increase in operating profit to KRW 461 billion (approximately $340 million), while its joint production with GM of the U.S., which will begin operations in 2022, also contributed to the continued growth in sales and profit.

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2021-06-27

Rio de Janeiro Plans 100% Electric Buses by 2050

Fabio Ferraresi
Fabio Ferraresi

The Mayor of Rio de Janeiro has announced a package of alternative power measures and goals with two important milestones for 2030 and 2050. Here are the main goals affecting the mobility and transportation industry:

2030

  • Replace 20% of Public Service of Bus Transportation by Zero Emission Vehicles.
  • Reduce by 10% the average time of commuting by public transportation.
  • Increase by 400% the number of trips by bicycle.  
  • Reduce by 20% the emission of GHG.
  • Reach 100% of city regions with selective refuse collection.

2050

  • Neutralize GHG emission
  • 100% of the Transit Bus Fleet is Electric.

Source: Diario do Transporte    Read The Article

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