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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 

2020-04-25

SOUTH KOREA REPORT: Doosan Infracore Hikes Sales Promotion with SNS in China

Doosan Infracore announced on March 24 that “the share of product marketing and customer support using live content broadcasting on SNS is growing in China.” The company has conducted more than 20 live machine maintenance training sessions through SNS, and the total number of users has reached about 7,300, with 140,000 followers on WeChat.

More than 1,200 machines were sold through such online marketing, and the sales of parts sold on WeChat reached 10 billion won.

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2020-05-23

DATAPOINT: NA Personal Watercraft (PWC) 2020 Forecast: 88,300 Units

The 88,300 units is the estimate by Power Research of the number of Personal Watercraft (PWC) to be produced in North America (Canada, Mexico and the United States) in 2020.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

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2020-09-27

DATAPOINT: US Combines, 2020 NA Production Forecast–6,300 units

The 6,300 units is the estimate by Power Systems Research of the number Combines to be produced in the U.S. in 2020.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

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2021-05-20

Thuy Trinh Nguyen Wins $2,000 Scholarship from Power Systems Research

Thuy Trinh Nguyen, a senior at Eagan High School, Eagan, Minnesota, is the recipient of the 2021 Power Systems Research $2,000 academic scholarship. This scholarship is awarded to a student who will be attending a four-year college with a career objective in Science, Technology, Engineering or Mathematics.

She will use the scholarship to study biology and sociology (Pre-Med) at Harvard College.

“My favorite subject,” says Thuy, “is AP Physics–it not only taught me how to calculate my initial velocity, but also helps me recognize the fundamentals of life. Everything is organized with a plan.”

Thuy’s favorite pastime is shopping for the best deals at the Mall of America, and never being tired of shopping. (“Sorry, Dad!”) She also enjoys watching One Direction music videos and crocheting.

Her favorite high school memory: “After the Chemistry finals for Trimester 2, Mr. Elliott somehow allowed me to make ramen in his class. It certainly made up for the headache I got from balancing chemical equations.”

This year, 112 students will receive scholarships totaling $129,950 through the program.

Power Systems Research has been supporting high school science and engineering programs for many years. It has been donating to the Eagan Foundation Scholarship program since 2013.

Another program PSR funds is the Experimental Vehicle Team at St. Thomas Academy in suburban St. Paul, Minnesota. The school successfully competes in international competitions with high schools and universities to build the most energy efficient vehicles. PSR

2022-08-20

Hyundai Doosan Infracore Plans Hydrogen Engine

FAR EAST: SOUTH KOREA REPORT

Hyundai Doosan Infracore announced that it has been selected as the lead company for the national project “Development of Hydrogen Engine System and Storage and Supply System for Construction Machinery and Commercial Vehicles” by the Industrial Technology Evaluation and Management Agency.

Through this project, the company plans to develop a 300kW, 11-liter class hydrogen engine and hydrogen tank system with zero carbon emissions, which will be installed in commercial vehicles such as trucks and large buses, and construction equipment such as excavators by 2024. After verification, the company aims to begin full-scale mass production in 2025.

“Although hydrogen engines have high energy density, they are expensive and require technological maturity to ensure durability under adverse operating conditions,” said a company official. “For this reason, the engine system is more suitable for construction machinery and medium- to large-sized commercial vehicles than for passenger cars.”

Source: Wow! Korea

PSR Analysis: Hydrogen products in Korea are still far from practical at this point. Hydrogen can be classified as green, blue, or gray depending on the cleanliness of the production process, and the hydrogen fuel cell power plant in Korea that began operating in June emits 10 tons of carbon for every ton of hydrogen it produces. At this point, Korea’s hydrogen industry is still in the gray stage, but I do not think it is time to discuss whether the technology is good or bad, as it will take time for the technology to become more advanced.

The idea that hydrogen is better suited for medium- and heavy-duty commercial vehicles than for passenger cars makes a lot of sense. However, mass production of a commercial model by 2024 is certainly a very high goal. With the lithium-ion battery industry currently thriving in South Korea, I will keep a close eye on the future development of hydrogen in the country. PSR

2022-12-05

FENATRAN 2022

The 23rd edition of FENATRAN, the International Road Cargo Transport Trade Show, brought together more than 500 brands in the exhibition pavilion of São Paulo Expo, Nov. 7-11, and generated total revenue of about USD 2 billion, more than USD 200 million than the last edition of FENATRAN, held in 2019. Power Systems Research representatives were at the show. Read there reports. PSR

Bauma 2022 Returns Smaller than 2019

After more than three years, BAUMA, one of the largest construction events in the world, reopened its doors for seven days in Munich Oct. 24. Power Systems Research (PSR) had a five-person team at the event, discussing trends with industry representatives, from new products and services to topics around the future evolution f sustainable technologies.

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