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2021-02-23

Union Budget 2021 Misses Mark for Autos

Aditya Kondejkar

The Union Budget 2021 is very important since it comes during an unprecedented pandemic. The most significant pain points of the economy are the lack of demand and liquidity. The shrinking market’s impact and the weak demand is evident after the Economic Survey said that the country would experience a current account surplus for the first time in 17 years.

The automotive industry is the key stakeholder of the country’s economy. It suffered extensive sluggishness in the past 10-12 quarters after introducing GST, the new safety norms, insurance regulations, axle, and emission norms. These led to a hefty increase in purchase costs. The industry was waiting for direct announcements to reduce purchase cost and improve customer sentiment

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2021-04-25

Brazil OEMs Forecast CE Sales Growth of 20% in 2021

Fabio Ferraresi
Fabio Ferraresi

Volvo CE and Case Construction are aligned to affirm CE sales in Brazil will grow 20% in 2021 despite of the effects of the pandemic. With 18% growth of sales in Q1 2021 over the same quarter of 2020, CE executives are optimistic about full year sales.

Source: M&T      Read The Article

PSR Analysis: First quarter of 2020 was a strong sales quarter over 2019 because the pandemic impact was not present until March 16, 2020.

This makes the result of Q1 2021 18% above Q1 2020 really strong and makes executives optimistic about FY 2021 results. In addition to that, the foundation of the segment is robust, with the construction industry activity growing because of strong housing demand, infrastructure bids being restarted and mining growing significantly.    PSR

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

2021-05-04

Power Systems Research Forecasts 13% Rebound in Mining Equipment Production in 2021

Jim Downey talks with Sarah Jensen from OEM Off-Highway for their OEM Industry Update podcast. We present it here with their permission.

On this week’s episode of OEM Industry Update, we spoke with Jim Downey, Vice President-Global Data Products, Power Systems Research, about the current state of the North American mining equipment market. He says mining equipment production is expected to rebound 13% in 2021 and continue growing over the next 5 years.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:14 Sarah Jensen:

Welcome to OEM industry update. A weekly podcast examining the latest news and technology trends impacting product development teams in the heavy duty on and off-highway equipment industry.

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2021-06-27

Mercedes Grows in EV Bus Market

Emiliano Marzoli
Emiliano Marzoli

While smaller players are struggling to remain competitive in the EV bus space, Mercedes-Benz is targeting more clients and more volumes. 

Mercedes-Benz has handed over one eCitaro G electric articulated bus with solid-state batteries each to Hamburger Hochbahn and Verkehrsbetriebe Hamburg-Holstein.  The two new electric articulated buses each have seven battery packs with solid electrolyte and an energy content of 441 kWh, allowing up to 200km range, depending on operational conditions. 

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2021-10-05

Q3 2021 European Economic Outlook

In this episode of PSR PowerTALK, Christopher Bamforth, European Market Analyst for Power Systems Research, comments on his Q3 2021 outlook for the European economy.

Transcript 

Welcome to the PSR PowerTALK podcast produced by Power Systems Research. 

00:00:06 Emiliano Marzoli 

From Power Systems Research I am Emiliano Marzoli, editor of PSR PowerTalk, and today we’ll discuss an update on the economic outlook for Europe with Christopher Bamforth, our European Market Analyst. 

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2021-10-23

China Faces Limits on Power and Production

Jack Hao
Jack Hao

The global energy structure has accelerated the adjustment to green energy, and the investment in traditional energy is insufficient. Under the influence of COVID-19, energy supply and demand are disrupted, exacerbating the contradiction between supply and demand, resulting in global power shortage.

China recovered from the epidemic earlier than many other countries and is now almost the only major manufacturer, so industrial power consumption has increased significantly. Power rationing is mainly to alleviate the power shortage and achieve the goal of energy conservation and emission reduction. China is dominated by thermal power generation, and there is a serious shortage of clean energy. There are still big problems in the energy structure.

Source:  Weixunso     Read The Article

PSR Analysis: In 2021, China’s electricity demand will grow by more than 10%, which greatly exceeds the previously estimated demand growth of 6% to 7%. At present, the substantial growth of power demand has put great pressure on power supplies. Coal accounts for about 70% of China’s electricity consumption, but the output of coal is far lower than the demand for electricity.

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2021-11-21

Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty

Yosyf Sheremeta
Yosyf Sheremeta

The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained.  Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain.  The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control.   With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.

The global economic performance last quarter was in line with our initial projections from earlier this year.  As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities.  During the last quarter of 2021 Power Systems Research expects this trend to remain in place.

Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.

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2021-12-19

Toyota Joins BYD To Build Affordable $30,000 Electric Car

JAPAN REPORT

Toyota reportedly has partnered with China’s BYD to develop an affordable electric car to launch next year. The Japanese automaker has widely been recognized as a laggard in the transition to electric vehicles. Years of betting on hydrogen fuel cells and hybrid vehicles has put Toyota behind on battery-electric vehicles.

Reuters reports Toyota is planning to release a “small and affordable electric sedan” in China next year:

The electric vehicle is reportedly going to be powered by BYD’s blade battery cells with LFP chemistry. LFP chemistry has improved enough in recent years that it is moving from mainly being used in electric buses to now electric cars. BYD’s blade battery has attracted a lot of attention – even from Tesla, according to reports coming out of China. A Toyota source talking to Reuters said that it is what is enabling the automaker to produce its first affordable all-electric car:

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2022-01-22

In 2025, China’s Construction Machinery Electric Drive Products May Reach 25%

CHINA REPORT
Jack Hao
Jack Hao

Electrification has become one of the important directions of green development within China’s construction machinery segment. Domestic construction machinery leaders have increased the development of equipment electrification and have launched a variety of electrification products.

Some professional organizations predict that by 2025 the penetration rate of main products may reach 25%. The electrification of construction machinery initially replaces conventional diesel engine drive with electric drive and then the hydraulic device is replaced by an electric device. Concrete mixers, truck cranes, muck trucks, excavators and wheel-loaders are the most easily electrically driven products, especially for small construction machinery.

Source:  CLS     Read The Article

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2022-03-19

Medium and Heavy EV Market In Early Testing

Autonomous Medium and Heavy Commercial Vehicles

Chris Fisher
Chris Fisher

We have been hearing a lot of talk and getting questions on the current status and the future of autonomous vehicles within the medium and heavy segment.

Early adopters of autonomous technology will likely be in the class 8 long haul segment followed by the bus and medium duty truck segment.  Currently, the high cost of the technology can be better absorbed in class 8 long-haul truck applications.

The transition from level 0 to level 1 and 2 is happening relatively quickly due in part to the availability of the technology.  Level 3 adoption is still a few years away and it is currently not legal to use on the highway.  It will likely be 2027 or 2028 before we see small levels of level 3 commercial vehicles on the road.

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