Search Results for: lawmaker-looks-exempt-glider-kits-new-emissions-regs

2023-03-24

Has Battery Recycling Arrived Too Soon?

There is a recent report from the Washington Post with a scary title: “EV Battery Recycling Has Boomed Too Soon.” There aren’t enough used electric vehicle batteries to meet even 10% of the raw material demand for electric vehicles made in the US, the Washington Post says.

Meanwhile, the US already has more battery recycling capacity than it has batteries available to recycle, with more public and private battery recycling facilities planned or under construction. The Post concludes its report with this pithy statement: “Many of these investments are destined to fail. Those few that succeed will do so only by diversifying away from recycling, at least temporarily.”

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2023-03-26

WEG Building Plant for EV Batteries in Brazil

Brazilian WEG has announced plans for a new 6,000 m2 plant in Jaraguá do Sul, Santa Catarina, Brazil, to produce battery packs for EVs. With the investment, the annual capacity will be 1 GWh in battery packs. WEG plans a highly automated plant, with 140 direct employees; WEG’s timeline calls for completion of the plant in 1H 2024.

Source: Automotive Business    Read The Article

PSR Analysis: WEG aims to supply EV production for OEMs located in Brazil. With strong background in drives and industrial electrical components, WEG could be a natural selection for many OEMs in Brazil.    PSR

Fabio Ferraresi is Director of Business Development-South America for Power Systems Research

Komatsu To Cut China Production Capacity by 40%

CHINA REPORT
Jack Hao
Jack Hao

Komatsu says it plans to restructure its business in China this year, cutting its annual production capacity of construction machinery equipment in China by nearly 40% to 10,000 units.

At the same time, due to sluggish market demand, it will merge its equipment production subsidiary and its parts subsidiary in Jining City, Shandong Province. The production subsidiary and casting subsidiary based in Changzhou City, Jiangsu Province, also will be merged.

Komatsu’s production subsidiaries in the two provinces previously terminated their joint venture relationship. Even if the annual production capacity is reduced to 10,000 units, it is expected that local production capacity will enable Komatsu to increase exports to Southeast Asia and other regions.

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2023-04-16

20-Year Changes in Top Construction OEM Hierarchy

A new animated chart shows the dramatic changes in the evolving hierarchy of the biggest construction equipment manufacturers over 20 years. The chart draws on data from International Construction’s Yellow Table, which tracks the top 50 construction OEMs across the world. The data stretches back to 2003, and up until the latest version in 2022.

Source: International Construction: Read The Article

PSR Analysis: This animated chart is especially interesting in that it allows you to track the growth of up to half a dozen big Chinese OEMs who have grown among the top companies.    PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research

2023-04-18

Honda Plans Personal Electric Motorcycles

JAPAN REPORT

Honda said it plans to produce a motor-driven electric motorcycle for individuals in Japan by the end of 2023. This will be the first time Honda produces a product for the public in Japan.

Overall, Honda said it plans to launch more than 10 models of electric motorcycles worldwide by 2025. Their goal is to increase overall sales, including pedal-powered and electric bicycles, mainly in China and India. The company plans to increase its sales to 3.5 million units worldwide by 2030, more than 20 times the 2021 level.

The EM1e electric scooter was unveiled March 17, 2023, in Japan. It has a cruising range of approximately 40 km and uses replaceable batteries. The price is expected to be higher than gasoline-powered scooters with a displacement of about 50 liters. The company plans to launch the moped equipped with pedals that can be pedaled with the feet, and five other motorized bicycle models in China, Southeast Asia, Europe, and Japan by 2024.

Electric motorcycles face the problem that on-board batteries are expensive and production costs are more than 50% higher than those of internal combustion engine models. Honda plans to increase its global sales to 1 million units by 2026, and further to 3.5 million units by 2030. However, demand for internal combustion engines is strong in emerging countries, and Honda intends to maintain its annual production capacity of 20 million two-wheeled gasoline vehicles until 2030.

Source: The Nikkei

PSR Analysis: Honda is finally bringing an electric model to the consumer market. Yamaha already sells the E-Vino to individuals. Harley is spinning off its electric motorcycle division to attract investment, and India’s Hero will release its VIDA electric motorcycle in 2022 and is working with a U.S. company to develop new products.

All companies are very ambitious about electric motorcycles, but there are still many challenges to be overcome before they become widespread. As a first mover example, Taiwan’s Gogoro is doing well by developing a network of battery exchange stations. Honda’s EM1e is equipped with a single replaceable battery, and by taking the battery pack home after use and recharging it at a power outlet at home, the vehicle can start running the next day with a fully charged battery.

The handle makes the battery look easy to carry, but at 10.3 kg, it may be difficult for women to accept it. The spread of battery exchange station networks like those in Taiwan has just begun in Japan, and charging stations in urban areas are still in their infancy. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia for Power Systems Research

Beiqi Foton Motors and Cummins Set Joint Investment

CHINA REPORT
Jack Hao
Jack Hao

Beijing Foton Motors and Cummins said they will further strengthen their strategic cooperation in the Southeast Asian region and sign a joint investment agreement with the Foton Cummins Thailand engine factory to provide powertrains for the Foton Zhengda vehicle base and Southeast Asian business.

This signing would mark a further strategic cooperation between Foton Motors and Cummins, targeting a wider range of regional markets and providing more diversified power solutions to global customers.

As a global emerging economy, ASEAN (Association of Southeast Asian Nations) has become one of the regions with the greatest development potential in the world. In recent years, Foton Motors has had significant business expansion in Southeast Asian countries including Thailand, Malaysia, and the Philippines. Their market share has gradually increased in trucks, buses, and other specialized vehicles, and they have built their reputation in the local market.

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Group Beneteau Forecasts 10% Growth in 2023

EUROPEAN REPORT 
Natasa Mulahalilovic
Natasa Mulahalilovic

Groupe Beneteau, one of the world’s leading manufacturers of pleasure boats and mobile homes, posted revenue of USD 1.6 million (1.508,1 million EUR) for 2022. The boat division generated USD1.3 million (1.250,9 million EUR), 83% of the group’s total revenue.

The Group order books are full for this year. The forecast is for 10% growth compared to revenues achieved in 2022. Last year, revenues by market were at 613.20 million EUR for Europe, 424.4 million EUR for North America and 135.9 million EUR for other regions.

The group plans to launch 13 models in 2023, of which five will be new models of dayboats, four models of sailing yachts, two models of sail catamarans and two models of power catamarans. 

The boat division revenues increased 19.7% compared to 2021. The motorboats division contributed 58% of the total and the sailing division added 42%. The best-selling boats are the motor dayboats in size up to 8 meters followed by the sailing multihulls over 10 meters.

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Scania, Mercedes Reduce Production Shifts in Brazil

BRAZIL REPORT  

In line with ANFAVEA forecast of 20% reduction in production for 2023, Scania and Mercedes announced the reduction of one shift of production in MHV production lines. Scania reallocated 200 employees at the remaining shift and laid off part of its temporary workers in the workforce. Scania does not have a forecast to reopen the second shift.

At the same time, Mercedes announced three months forecast to reopen the shift. While Scania only mentioned market demand as a reason for its reduction, Mercedes mention Market, lack of components and the country’s interest rates.

Source: Valor Econômico    Read The Article

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Biodiesel Mix Increase Begins in Brazil

During its first meeting March 17, 2023, the new leadership of the National Council for Energy Policy (CNPE) approved an increase to 12% of the mandatory blend of biodiesel to diesel sold in Brazil, after April this year.

The proposal approved by the CNPE sets the addition of biodiesel in the composition of diesel to grow in April this year from the current level of 10% (B10 mixture) to 12% (B12 mixture). The content will be raised to 13% (B13 mixture) in April 2024, to 14% (B14 mixture) in April 2025 and to 15% (B15 mixture) in April 2026.

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2023-06-19

Battery Recycling Center Will Have A Big Impact On Europe

Guy Youngs
Guy Youngs

Recycling lithium-ion batteries is extremely important, as these batteries contain valuable metals such as cobalt, copper, and lithium that can be recovered and reused. By recycling these metals, we can reduce our reliance on mining and extractive activities that aren’t free or even cheap.

Li-Cycle (a recycling company) and Glencore (a mining company) have partnered to do something significant in this space. The proposed “Portovesme Hub” would focus on producing essential battery materials like cobalt, lithium, and nickel by recycling used battery content. A letter of intent has been signed to commence the preliminary discussions.

Source: CleanTechnica   Read The Article

PSR Analysis:  This facility can’t take care of Europe’s full battery recycling needs, but the research and development of mass recycling processes sets the stage for future facilities that will take care of the rest of the needs. So, this announcement is both good for the near-term and the long-term future.   PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research