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2023-10-23

Tesla Breaks Ground for Diner with Theater and Supercharger

Guy Youngs
Guy Youngs

Tesla has broken ground on the site of its planned futuristic diner with a drive-in theater and Supercharger station. This project has been in the works for several years. In 2018, Elon Musk said that Tesla planned to open an “old school drive-in, (with) roller skates & rock restaurant at one of the new Tesla Supercharger locations in Los Angeles.”

A few months later, Tesla applied for building permits for “a restaurant and Supercharger station” at a location in Santa Monica. However, the project stalled for a long time, apparently due to local regulations. Nevertheless, Tesla still moved forward with a Supercharger at the location, but it had to move the diner project to Hollywood. Last year, Tesla filed the construction plans with the city, giving us the first look at what the automaker intends to build.

Source: Electrek: Read The Article

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Global Economy Seeing Modest Growth with Positive Outlook

GLOBAL REPORT
Jim Downey

SUMMARY. Many factors are pointing to modest growth in Q3 2023. This should lead to total production globally growing at +2.4% in 2023 vs 2022 (it was 2.6% in Q2 2023), and the outlook for the next few years remains positive with growth accelerating from 2025.  Apart from Russia and Ukraine, the main countries to show a decline are South Korea, Slovakia, Netherlands. However, the segment picture shows some differences.

Several drivers are influencing the global economic picture.

  • Fuel prices eased earlier this year, recently they have grown slightly and are no longer showing signs of easing. This remains a serious issue.
  • Supply chains remain constrained and show no signs of improving.
  • The war in Ukraine shows no sign of a speedy conclusion, despite recent successes by Ukraine.
  • Ukrainian exports of wheat, other grains and fertilizer have declined massively following Russia’s ending on the Grain Deal. Alternative routes (overland, and via the Danube) simply don’t have the necessary capacity.
  • Inflation is easing, but it continues to be a major concern for central banks as they consider raising their interest rates. This will pose a risk to economic growth in all regions. Inflation and price increases are putting OEMs in a difficult situation.
  • Risk of recession continues in the background for several countries, notably China, USA and Germany, and this could drag other countries into recession.
  • Covid is still lingering with global deaths now at over 6.9 million, and a new variant has the medical world concerned.
  • Latent demand for machinery keeps building, which is a positive sign.
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2023-10-24

Brazil To Become Hub for EV Bus Chassis Production

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

Mercedes is exhibiting its electric bus chassis eO500U at Busworld in Brussels targeting other markets where the body is assembled over the bus chassis. Traditionally, the exports of Mercedes from Brazil are over 50% of the total production and it targets to expand this percentage with the new BEV, that has WEG drives, BorgWarner batteries assembled in Brazil with imported battery supplies.

Source: Valor Economico     Read The Article

PSR Analysis: While the push from São Paulo city to buy only BEV buses in the near future jeopardizes current chassis manufacturers business, it boos the development of BEV chassis and allow exports to other countries. Mercedes runs against the clock to compete with players like BYD and Higher with BEV chassis already developed.   PSR

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

Sonalika Group Plans $100 Million for Export Facility

INDIA REPORT
Aditya Kondejkar

Sonalika Group is planning to spend approximately $100 million to set up a manufacturing facility for the production of tractors aimed at the international export market. Production will be used to developing products tailored to meet customer requirements in Latin America, Europe, United States, Oceania and South Asia

“We are looking at investing $100 million to set up a dedicated facility for exports. The new unit will have total installed capacity of 100,000 units and will be commissioned within the next two years,” according to Gaurav Saxena, director and CEO of the company’s International Tractors Ltd., operation.

One-third of the group’s revenue is attributed to exports, and the organization aims to be among the world’s top three tractor brands by 2030, considering the global sale of 1.5 million tractors. Presently, ITL exports 35,000 units and has set a target to reach 100,000 units within the next seven years.

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2023-11-16

China Auto OEM To Invest in Thai EV Motorbike Plant

THAILAND REPORT

Chinese automotive equipment manufacturer Suzhou Harmontronics Automation Technology plans to build an electric motorcycle factory in Thailand’s Eastern Economic Corridor (EEC), eyeing a market set to grow, thanks to government subsidies.

The company plans to invest $281 million (10 billion baht) to secure annual production capacity of 150,000 units by 2028. The plans were revealed by the office of the EEC.

Suzhou Harmontronics will build the factory at an industrial park in Chonburi Province, within the EEC zone, and will assemble electric motorcycles and manufacturing replaceable batteries and charging equipment at the facility. A start date for operations was not disclosed.

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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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2023-12-04

2024 Combine Production: 7,100 Units

7100 units is the estimate by Power Systems Research of the number of Combines to be produced in North America (United States) in 2023. Final 2023 production numbers will be available later in Q1 2024.

A combine is a farm machine that harvests grain crops. Combines can reap, thresh and winnow crops into a single process. Crops include wheat, oats, rye, barley, corn, etc. Combines overall boost crop output and farm income. 

Market Share:  With 61.5% of total units produced, Deere captured the lead for combine production in North America (US).  In second position was Case with 25%; third, was Claas Omaha with 9%.

Trends: In 2022, production of Combines in North America increased nearly 12.5%, climbing from 6,372 units in 2021 to 7,162 units in 2022. Production is expected to remain flat in 2023 with a nominal decrease of less than 1%.  The Combine market steadily rose this past year and farmers are upgrading to new machines. PSR

Carol Turner is Senior Analyst, Global Operations, at Power Systems Research

2024-01-19

Alternative Power Report, January 2024

Alternative Power Report – Jan 2024Download

Battery development news continues to lead the way in the current issue of the Alternative Power Report produced by Power Systems Research. In this issue, read articles about silicon anode powder used in batteries and a new cathode material that provides cheaper and more sustainable power. This issue contains news about government regulations aimed at EVs and GM and Komatsu joining forces to produce hydrogen powered mining trucks.