2023 NA Production: Graders
A Grader is a piece of heavy equipment used to level or smooth roads or other surfaces. Also referred to as a Road Grader or a Motor Grader.
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2023-11-16
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PowerTALK™, December 2023
Worldwide EV battery development continues at a fast pace, US outdoor recreation industry hits $1 trillion, and Honda plans to drop mass production of its Honda “e” . Read about these items and more in the December PowerTALK News from Power Systems Research.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- High Energy, Cobalt-Free Lithium Ion Battery Developed
- CATL Creates Fast Charging Skateboard
- Record Low EV Battery Prices Reported in 2023
- US Discovers Lithium Bonanza for EV Batteries
NORTH AMERICA:
- Electrify Where It Makes Sense
- Outdoor Recreation Adds $1.5 Trillion to US Economy in 2022
DATAPOINT: NA Combines
EUROPE: Kobelco Expands European Headquarters
BRAZIL/SOUTH AMERICA:
- Argentina Vehicle Production Grows in November
- Brazil Off-Highway Machine Sales Continue To Decline
- VW Trucks and Bus To Restart Two Shifts in January
JAPAN: Honda To Drop Mass-Produced EV “Honda e”
SOUTH KOREA: Hyundai Motor and Apple May Partner
INDIA: Mahindra Plans To Double Tractor Exports
Recharging Slows Electrification of HD Trucks
CHINA REPORT
In 2022, the penetration rate of new energy units in the commercial vehicle market exceeded 10%, and the penetration rate of heavy-duty trucks was close to 5%. The new energy subsidy policy was scheduled to be withdrawn at the end of 2023, but data for the January to October period is basically the same as the previous year. The share of new energy units for the commercial vehicle segment is far lower than the market share of 30.4% for new energy passenger vehicles.
With the accelerated adjustment of China’s transportation structure, it is expected that by 2025, the national railway and water freight volume will increase by 10% and 12%, respectively, compared to 2020, while the road freight volume will relatively decrease. In this context, bulk and ultra long-distance road transportation will gradually exit the market, and the advantages of short and point-to-point road trunk transportation with radii of around 500 kilometers and 300 kilometers will be further highlighted.
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Hyundai Motor Sells Chongqing Plant in China
SOUTH KOREA REPORT
The company sold the plant to Chongqing Liangjiang New Area Yufu Industrial Park Construction and Investment Group, which is owned by the city of Chongqing, and its affiliate will use the plant as a production base for electric vehicles.
Hyundai Motor Company has sold its finished car plant in Chongqing, China, to a Chongqing government-owned company for 1.62 billion yuan (about 33 billion yen, $222 million) in December 2023. Hyundai Motor is rushing to restructure its Chinese business, which has suffered from sluggish sales, and concentrate its management resources in the U.S. and Southeast Asia.
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PowerTALK™, January 2024
BYD, the Chinese auto manufacturer, is making expansion moves in Brazil, Deutz plans to sell electric marine motor manufacturer Torqeedo to Yamaha and GM and Komatsu are developing hydrogen fuel cells for mining trucks. Read these articles and more in the January issue of PowerTALK News.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- GM, Komatsu Plan Hydrogen Fuel Cells for EV Mining Truc
- · Drivers of Heavy, Dirty Cars Pay Stiff Penalty Tax in Franc
- · Survey: EV Range Anxiety Slips in Importance
- · Cathode Material for Cheaper, More Sustainable EVs Developed
NORTH AMERICA: Consumers, Professionals Boost Lawn & Garden Spending
EUROPE:
- · Electric Hydro Foiling Popular in Maritime Industry
- · Deutz AG To Sell Torqeedo Shares To Yamaha
DATAPOINT: NA Dumpers/Tenders
BRAZIL/SOUTH AMERICA:
- · BYD Seeks To Acquire Lithium Mining Operation in Brazil
- · BYD Plans Supply Chain Verticalization in Brazil
JAPAN: 2023 Domestic MC Shipments Increase 4%
SOUTH KOREA: Hyundai Motor Sells Chongqing Plant in China
THAILAND: Lithium Deposit World’s Third Largest
CHINA: Recharging Slows Penetration of New Energy HD Trucks
INDIA: Ford’s Potential Return to India
2024 NA ATV Production: 281,000 Units
281,000 units is the estimate by Power Systems Research of the number of ATVs expected to be produced in North America in 2024.
ATV is short term for All Terrain Vehicle. This vehicle commonly has four wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other. ATVs are utilized in a variety of activities that include recreation, sport and military related needs.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Exports: Mexico, up to 45% worldwide, andUnited States, up to 30% worldwide. As of 2022, approximately 60% of the ATVs Suzuki made in its Rome, GA, facility remained in the U.S. while the remainder were sold internationally.
Market Share: With combined plant totals of 26%, Polaris leads in production of 4-Wheeled ATVs in North America. In second position is Honda with 25%; third, is Yamaha with 16%.
Carol Turner is Senior Analyst, Global Operations at Power Systems Researech
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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Brazil Posts Record Heavy Duty Trailers Sales in January 2024
The Heavy Duty Trailers market has started the year 2024 with a record-breaking January, boasting 7,075 registrations of trailers and semi-trailers. This achievement reflects an impressive 8% surge compared to January 2023.
The exceptional performance of road implements at the outset of the year is predominantly attributed to the agribusiness sector.
Source: Automotive Business Read The Article
PSR Analysis. Notably, the initial months of the year coincide with critical harvest periods for key agribusiness commodities such as soybeans, corn, and sugarcane. Consequently, categories experiencing the most substantial growth in year-on-year comparisons include sugarcane farmers, with an increase of nearly 470%, and bulk carriers, which witnessed a notable uptick of 53%. Optimism pervades the road equipment segment for all of 2024, propelled by favorable forecasts for the industry’s trajectory. PSR
Fabio Ferraresi is Director Business Development South America for Power Systems Research
Shell To Exit Light Duty FCEV Market in California
NORTH AMERICA REPORT
As of Feb. 6, 2024, Shell permanently closed its seven light duty hydrogen fuel stations in California citing “hydrogen supply complications and other external market factors” for this decision. According to the below MOTORTREND article, this leaves 17 stations operational (although several are offline at the time of this writing) in the Bay Area, and just one in the Sacramento area.
Shell had already told industry outlet Hydrogen Insight that it would stop building any of the 48 new California stations it had planned—a significant number for the state—and that the company “made the decision to permanently close its light duty station network in California in early 2024.”
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Electric Trucks Can Haul 100 Tons
Caterpillar and CRH have collaborated to test electric mining trucks capable of hauling up to 100 tons, aiming for sustainable heavy equipment solutions and decarbonization. The electric 793 mining truck, capable of carrying 265 tons, features advancements such as autonomous hauling and regenerative braking, emphasizing its potential in safety, performance, and operational efficiency without immediate recharging needs. Electrek’s analysis underscores the significant reduction in carbon emissions and noise, highlighting the move towards a greener future in heavy machinery and mining industries.
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