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Worldwide EV battery development continues at a fast pace, US outdoor recreation industry hits $1 trillion, and Honda plans to drop mass production of its Honda “e” . Read about these items and more in the December PowerTALK News from Power Systems Research.

IN THIS ISSUE

ALTERNATIVE POWER REPORT

• High Energy, Cobalt-Free Lithium Ion Battery Developed
• CATL Creates Fast Charging Skateboard
• Record Low EV Battery Prices Reported in 2023
• US Discovers Lithium Bonanza for EV Batteries

NORTH AMERICA: 

• Electrify Where It Makes Sense
• Outdoor Recreation Adds $1.5 Trillion to US Economy in 2022

DATAPOINT: NA Combines
EUROPE: Kobelco Expands European Headquarters
BRAZIL/SOUTH AMERICA:

• Argentina Vehicle Production Grows in November
• Brazil Off-Highway Machine Sales Continue To Decline
• VW Trucks and Bus To Restart Two Shifts in January

JAPAN: Honda To Drop Mass-Produced EV “Honda e”
SOUTH KOREA: Hyundai Motor and Apple May Partner
INDIA: Mahindra Plans To Double Tractor Exports

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.

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

In the March 2024 issue of PowerTALK News you’ll find two articles describing changes at Van Hool, the Belgian bus manufacturer, as it struggles to meet EV competition. Another EV article describes possible EU tariffs on Chinese EV imports. You can also read an update on EV battery technology from Michael Aistrup as well as a report on the record sales performance in 2023 by Rolls Royce power systems business unit by Natasa Mulahalilovic, Finance and Admin. Manager – Europe.

IN THIS ISSUE

ALTERNATIVE POWER REPORT:

• Germany Drops Subsidies for Electric Semi-trucks and Buses
• Lithium-Air EV Batteries Tapped For Net Zero Economy of The Future
• Why Are Hydrogen Fuel Cells So Expensive?
• Europe May Slap Retroactive Tariffs on Chinese EVs

GLOBAL:

• Van Hool To End City Bus Production in Belgium
• E-Battery Technology Increases Application Opportunities

DATAPOINT: North America Trencher Production  

EUROPE:

• Rolls Royce Posts 16% Revenue Gain
• Van Hool Making Major Changes      

BRAZIL/SOUTH AMERICA:

• Car OEMs Announce US$ 14.3 Billion Investment in Brazil
• AG and CE Segments Poised for Substantial Growth in Brazil

JAPAN: Kubota Plans To Produce Batteries for EV AG Equipment
SOUTH KOREA: SK Plans World’s Largest Semiconductor Manufacturing Base
CHINA: Electrification of Construction Machinery Industry Accelerates
INDIA: EV Market Provides Opportunities and Challenges