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PowerTALK™, October 2022

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IN THIS ISSUE

Lorena Violante is the Senior Market Research Consultant for Power Systems Research. This month she interviewed Miguel Elizalde Lizárraga, the executive president of ANPACT (the National Association of Bus, Truck and Tractor Producers). She also provides a report on ExporTransporte 2022, the largest truck bus show in Latin America.

Also in this issue read these articles:

  • Alternative Power
    • Ideanomics Tests Quick Power 500 kW Charger
    • Hydrogen Combustion Engines Possible
    • Super-Fast Aqueous Rechargeable Zinc Battery
    • Miniature Hydrogen Fuel Cell Powers RC Truck
  • DataPoint: NA Skid Steer
  • Brazil/South America:
    • Record Sales of Agricultural Machines in Brazil
    • Scania, VW and Volvo Show Euro VI Lineup
    • GM Opens Third Shift Engine Production Plant
  • Show Report: Expotransporte 2022
  • China: Mercedes Produces Initial Heavy Trucks
  • Japan: Agri Week 2022 Report
  • South Korea: Hyundai and KT Invest in Autonomous Driving
  • Vietnam: Urban Railroads Delayed
  • India: Toyota Launches First Flex Fuel Hybrid

2022-11-15

Korean Electric Motorcycle Maker Builds Factory in Vietnam

FAR EAST: SOUTH KOREA REPORT

Zio Holdings, a South Korean company engaged in the production and sale of electric motorcycles, says it has completed an electric motorcycle factory in Bac Ninh Province in northern Vietnam.

The factory covers an area of 1,300 m2 and has an annual production capacity of 12,000 units. The factory will receive parts supplied from original brand factories in Vietnam and China and will assemble the parts at ZIO EV’s factory in Vietnam.

The electric bikes to be manufactured at the new factory will be named “EDEN” and “MEVOYEZ,” and will use LFP batteries (lithium-ion iron phosphate batteries). The maximum speed is 55Km/h, and the driving range is over 150km. The selling price is expected to be 30 million VND (approximately 176,000 yen).

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New Vehicle Sales Increase 33% in September

SOUTHEAST ASIA: 6 MAJOR COUNTRIES REPORT

New vehicle sales in the six major Southeast Asian countries totaled 317,765 units in September, up 33% from the same month last year. The figures were compiled from new vehicle sales statistics released by automobile industry associations and other organizations in each country. This is the 12th consecutive month that sales have exceeded those of the same month last year; the economic recovery from COVID-19 continues, with sales up 8% compared to September 2019, even before the spread of the infection.

Indonesia, the largest new vehicle market in the region, saw a 19% y/y increase to 99,986 units. This was the highest single-month sales volume in 2022. The tax exemption for some models ended at the end of September, and there appears to have been a rush demand for new vehicles.

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PowerTALK™, December 2022

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IN THIS ISSUE

Lots of news on Alternative Power issues in the December edition of PowerTALK News from Guy Youngs and other analysts at Power Systems Research. In addition to Guy Young’s report on alternative power, don’t miss John Krezsicki’s podcast about Michigan University’s Solar Car research program, Tesla’s Lithium refinery project in Texas and Chris Fisher’s report on M&A activity in the Light/Medium EV segment. PSR

  • Alternative Power
    • Are There Enough Materials For Needed EVs?
    • Redwood To Supply Cathode Materials To Panasonic
    • Tesla Lithium Refinery Project Advances in Texas
    • Here’s What Container Ships Could Look Like by 2050
  • DataPoint: Terminal Tractors
  • North America:
    • More Acquisitions in Light/Medium EV Segment
    • U.S. Powersports Industry Grows in 2021
    • PSR Podcast: Michigan Solar Car Program  
  • Europe: Solaris Buses Purchases 25 Fuel Cell Engines
  • Brazil/South America:
    • Royal Enfield Starts Assembly Plant in Brazil
    • BorgWarner To Produce Vehicle Batteries in Brazil
    • John Deere Plans Construction Equipment Plant
  • China: 2023 EV Sales To Grow To 8.4 Million Units
  • Japan: Honda To Produce FCVs in the U.S.
  • South Korea: SK To Expand Supplies To Hyundai’s U.S. Plant
  • India: CV Production Nears Pre-covid Levels

PowerTALK™, January 2023

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Manufacturers are increasing their efforts to develop hydrogen as a power source for vehicles and stationary power equipment at the same time that they continue to develop batteries that are lighter and that can be charged faster.

In This Issue
  • Alternative Power
    • • Are Hydrogen Engines in the Future?
    • • Growth of Hydrogen Internal Combustion engines (H-ICE)
    • • JCB Reaches Hydrogen Milestone
    • • Hyster Begins Pilot of Hydrogen Fuel Cell Powered Container Handler
  • North America: U.S. Economy Faces Problems
  • DataPoint: NA Combines
  • Brazil/South America
    • • Brazil Pushes Truck Renewal Program
    • • First Synthetic Fuel Neutral CO2 Started
    • • FPT Developing Ethanol or Biomethane Engine
  • Europe: Cost Increases Cause Losses at HanseYacht
  • China: CNH To Halt Sales of Construction Machinery
  • Japan: METI Sets 2030 Goal for EV Trucks
  • South Korea: Hyundai Plans $14.7 Billion for Software
  • Southeast Asia: EV Purchase Subsidies Planned
  • India: Bets Placed on Green Hydrogen

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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PowerTALK™, February 2023

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In This Issue

Read in the February 2023 issue of PowerTALK News about the 240 ton EV mining truck than can charge in 30 minutes. At the same time, Volvo unveils an electric mixer truck and Japanese OEMs push to develop battery production in North America.

  • Alternative Power
    • • 240 Ton Electric Mining Truck Charges in 30 Minutes
    • • Study Shows Plug-in Hybrids Dirtier Than We Thought
    • • From Diesel to DC
    • • Volvo Unveils Electric Concrete Mixer Truck
  • Global: MC Market Grows 5.48%
  • N. America: Charging Infrastructure Blocks Adoption for BEV’s
  • DataPoint: Dumpers/Tenders
  • Brazil/S. America:
    • • Hitech Electric To Produce 100% EV LCVs
    • • Hyundai Keeps Gamma Engine in Units for Colombia
    • • Legislation for AG Tractors Cabin in Brazil Has Changes
    • • January Truck Production in Brazil drops 72%
  • Europe: Deutz, Daimler Align
  • China: Adoption of New Energy Commercial Vehicles Pushed
  • Japan: OEMs Seek Battery Production Channel in NA
  • South Korea: Hyundai To Start Operations at Plant in Vietnam
  • SE Asia: Kubota Seeks Manpower
  • India: Budget Focuses on Capex

2023-03-26

Fras-le Acquires Juratek in UK

Fabio Ferraresi
Fabio Ferraresi

Fras-le announced plans to acquire the operations of AML Juratek, the parent company of Juratek and BettaParts, which operate in the UK and European aftermarket, with lines of braking products such as discs, brake pads, calipers and actuators. Fras-le said it intends to invest about US$ 22 million (£ 18.2 million) in the acquisition.

Fras-le will continue to work in the European market with the Juratek and BettaParts brands and will receive the reinforcement of the other iconic brands of the company in the global market, such as Fras-le and Fremax, expanding business possibilities. In 2022, AML Juratek recorded revenues of approximately £25 million.

The acquisition is added to Fras-le’s global structure of operations, currently present with industrial units in Brazil, the United States, China, Argentina, Uruguay and India, as well as distribution, technology and development centers and commercial representations to serve customers in more than 120 countries on five continents.

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Rolls Royce Power Systems Posts Record Year in 2022

EUROPEAN REPORT 
Natasa Mulahalilovic
Natasa Mulahalilovic

Rolls Royce Holdings’ 2022 Annual Report shows significant performance improvement compared to 2021. Its four business units posted revenue of £12.691 m (£10.947 m in 2021), gross profit of £2.477 m (£1.996 m in 2021) and operating profit of £652 m (£441 m in 2021). Civil aerospace business unit made 49% of the revenue, Defense 29%, and Power Systems 26%.

The Power Systems business unit is the home for the mtu brand developing and manufacturing power systems and solutions for commercial marine, industrial, defense and yachts as well as power generation. Headquartered in Germany, it closed the year with a record revenue of £3.347 m, a gain of 23 % comparing to the prior year. Orders for 2022 were £4.3 billion, 29% higher than the orders placed in 2021.  

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Hyundai Agrees To Purchase GM India Talegaon Plant

INDIA REPORT
Aditya Kondejkar

The agreement covers the acquisition of land and buildings and certain machinery and manufacturing equipment at the General Motors India, Talegaon plant. The proposed acquisition is subject to the signing of a definitive asset purchase agreement, other certain conditions and receipt of approvals from government authorities and stakeholders.

Source: Economic Times    Read The Article

PSR Analysis. Hyundai is expected to expand its annual production capacity in India to some 900,000 units–760,000 units in its two existing plants and 130,000 units in the GM plant. Combined with production volume of its smaller Kia’s two plants in India, the total production capacity of Hyundai Motor Group could surpass 1 million units per year.

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