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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.

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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

Q4 2023 Power Systems Research Truck Production Index (PSR-TPI) Climbs 8.4%

St. Paul, Minnesota, USA— The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 116, or 8.4% for the 12 months ended Dec. 31, 2023. For the fourth quarter of 2023, ending Dec. 31, 2023, the index increased from 112 to 116, or 3.6%, compared to Q3 2023.

The PSR-TPI is a quarterly truck production report that measures global truck production across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

The next update of the Power Systems Research TPI will be in April 2024 and will reflect changes in the TPI during Q1 2024. PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research 

South America TPI Expected To Climb 22% in 2024

St. Paul, Minnesota, USA— The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 116, or 8.4% for the 12 months ended Dec. 31, 2023. For the fourth quarter of 2023, ending Dec. 31, 2023, the index increased from 112 to 116, or 3.6%, compared to Q3 2023.

South America. Medium and heavy commercial vehicle production is expected to increase by 22.1% this year after a significant decline in 2023 primarily driven by a weaker economy and the implementation of the Proconve 8 emission regulations in Brazil last year.

The PSR-TPI is a quarterly truck production report that measures global truck production in six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

The next update of the Power Systems Research TPI will be in April 2024 and will reflect changes in the TPI during Q1 2024.  PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research 

PowerTALK™, February 2024

China companies dealing in alternative power–batteries and electric vehicles–make the news in the February issue of PowerTALK by Power Systems Research. CATL has gained market share in the global battery market and it has formed a production alliance in China. At the same time, China OEMs are gaining market share in Thailand’s EV market. Mike Aistrup reports that the global powersports recreational products market is forecast to exceed US$ 35 Billion in 2025.

PSR-Power-Talk_Feb2024.FDownload
IN THIS ISSUE

ALTERNATIVE POWER REPORT

  • CATL Expands Battery Market Share Lead in 2023
  • Electric Trucks Can Haul 100 Tons
  • Daimler’s Aims for Hydrogen Milestone
  • Toyota Maintains EV Market Skepticism

NORTH AMERICA:

  • Shell To Exit Light Duty FCEV Market in California
  • Global Powersports Market To Exceed $35 Billion in 2025

DATAPOINT: NA ATVs
BRAZIL/SOUTH AMERICA:

  • VW To Invest US$250 Million in Argentina by 2026
  • Cummins To Produce New Off Highway Engine at Guarulhos Plant
  • Brazil Posts Record Heavy Duty Trailers Sales in January 2024  

JAPAN: Toyota and Chiyoda Develop Hydrogen Production System
SOUTH KOREA: Hyundai Motor Shifts EV Plans, Introduces Genesis Hybrid
THAILAND: Japanese Car Share Plummets in Thailand, China Gains Share
CHINA: LGMG and CATAL Sign Strategic Cooperation Agreement
INDIA: India FY25 Budget Is Driving EV Revolution

2024-03-17

Rolls-Royce Reports 16% Revenue Growth in 2023

EUROPE REPORT 
Natasa Mulahalilovic
Natasa Mulahalilovic

Rolls Royce Power Systems Business Unit, based in Friedrichshafen, Germany, reported sales of EUR 4.56 billion in fiscal 2023, a 16% increase over 2022. Operating profit hit 10.2%, up from 8.4% in 2022.

The operating profit increase is due to the investments in transformation and process optimization, implementation of a new commercial policy, better cost, and stock management.

Strong demand for standby power generation especially for data centers, implementation of the “From bridge to the propeller” strategy for large yachts, and development of an energy storage systems in Europe integrating renewable energies into the Duch public grid have contributed significantly to the revenue growth.

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Car OEMs Announce US$ 14.3 Billion Investment in Brazil

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

In the past three months, the aggregate investments announced by automotive manufacturers in Brazil have reached a total of US$ 14.3 billion. The largest individual investment came from Stellantis, committing US$ 6 billion to the country between 2025 and 2030, marking a record sum among major vehicle manufacturers operating within the nation. A significant portion of this investment will be directed towards the development of flex-hybrid models.

This investment influx began in December, with Renault earmarking US$ 500 million for the production of a new SUV in Paraná, featuring engine variants that blend ethanol, gasoline, and electricity. In January this year, General Motors (GM) unveiled investments totaling US$ 1.4 billion aimed at product rejuvenation.

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