Search Results for: far-eastse-asia-may-report

2023-10-24

FAW Jiefang, CATL Launch New Energy Venture

CHINA REPORT
Jack Hao
Jack Hao

FAW Jiefang and CATL have set up a joint venture company, Jiefang (Jilin) New Energy Technology Co., Ltd., to do business in the new energy segment. The company is wholly-owned by Jiefang shidai New Energy Technology Co., Ltd., which is a joint venture between FAW  and CATL with each party holding 50% of the JV’s shares.

The JV was established to sell new energy vehicles, batteries, battery parts, and electric vehicle charging equipment charging stations; Information system integration services; and Intelligent control system integration. It also will manufacture power transmission and distribution and control equipment.

In August 2022, CATL reached a strategic cooperation agreement with FAW Jiefang, proposing to invest 500 million yuan to establish a subsidiary for cooperation.  CATL’s battery business mainly focuses on the passenger car market, and the cooperation between the two sides marks the beginning of CATL’s in-depth launch into the new energy commercial vehicle market.

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2023-11-16

Transitioning from ICE Buses to Zero-Emission Engines

NORTH AMERICA REPORT
Chris Fisher
Chris Fisher

During the past few months, we have seen significant changes in the bus market in Europe and North America as operations convert from internal combustion engines to zero-emission buses. 

In Europe, Scania and Volvo are moving from building complete buses to a chassis only build.  The high cost of zero-emission buses and a competitive market are primary reasons for this.  The expected growth of zero-emission buses is forcing the OEMs to better streamline operations, and we expect to see other large OEMs transition down this path. 

Source: AMS

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Outboard Marine Engine Market Hits $5.5 Billion

GLOBAL REPORT

The global Outboard Marine Engine Market size is estimated at $5.54 billion in 2023, and is expected to reach $8.99 billion by 2035, growing at a CAGR of 4.1% during the forecast period, according to research by Power Systems Research.  

The COVID-19 outbreak significantly impacted the boat manufacturing industry and caused a decline in recreational activities worldwide, which hurt outboard motor sales. However, in 2021, the market regained momentum due to the easing of restrictions. The market is expected to register healthy growth in the coming years.

There are generally three types of boat drives including inboard, outboard, and sterndrive. One obvious distinction among them is their placement of motor in the boat.

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PowerTALK™, November 2023

EV activity continues to increase across the globe as reported in the November issue of PowerTALK News. This issue features EV reports from China, Japan, North America, Brazil, South Korea and Thailand.

PowerTALK Nov 2023Download
IN THIS ISSUE

ALTERNATIVE POWER REPORT

  • China Discovers Unique Battery Material
  • Toyota Joins Race To Mass Produce Solid-State Batteries
  • Could Toyota’s Ammonia Engine Bring the End of EVs?
  • White Hydrogen Could Reduce Decarbonization

GLOBAL: Outboard Marine Engine Market Hits $5.5 Billion
NORTH AMERICA: Transitioning from ICE Buses to Zero-Emission Engines
DATAPOINT: NA Graders      
BRAZIL/SOUTH AMERICA:

  • XCMG To Invest US$ 55 Million in Brazil Electric Truck Plant
  • Vehicle Production in Brazil Stagnates
  • Brazilian Marcopolo Approves its Fuel Cell Bus in Europe
  • VW Announces Pickup Truck To Fight with Fiat Toro

JAPAN: Kubota and Sumitomo Plan Mutual Supply of Equipment
SOUTH KOREA: Hyundai Sells EVs To Oil-Producing Countries
THAILAND:  China Auto Manufacturer To Invest in Thai EV Motorbike Plant
CHINA: Weichai-BYD JV Begins 56 Billion Yuan, 50GWh Battery Project
INDIA: Construction Equipment Sector Poised for Substantial Growth