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Caterpillar Plans To Stop Production in Russia
RUSSIA REPORT
March 10, 2022—The American company Caterpillar, specializing in construction and mining machines, has suspended work at its plants in Russia because of the situation in Ukraine. Caterpillar said it is donating more than US$ 1 million to the victims of the crisis.
“We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis. Through the Caterpillar Foundation, we are donating more than $1 million to support both urgent and…
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KAMAZ Changes Truck Models Following Daimler’s Exit from Russia
RUSSIA REPORT
March 10, 2022—The KAMAZ plant, which was hit by sanctions, has production orders only until the end of March. Currently, the OEM is working through orders for April and May, according to a company official. Company operations are linked to supplies from Europe, which have been halted, he said.
He also added that production continues, but changes in model range cannot be avoided. The main efforts of the OEM will be concentrated on deeper localization of trucks and rearranging production using local components.
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Electric VW E-Delivery Has New Chargers and Reach Into Colombia
BRAZIL REPORT
Fabio Ferraresi VWCO will increase the offer of homologated chargers and now it can be charged in more than 10 different wall boxes. In addition to the new chargers, VW is starting the sale effort in Colombia in agreement with Porsche Colombia, with versions of 11 and 14 tons.
Source: Automotive Business Read The Article
PSR Analysis: Colombia is a market with high acceptance for EV and alternative propulsion and sales of this vehicle should grow fast. Total cost of ownership is still…
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São Paulo Starts Construction of BRT Aiming Electric Buses
BRAZIL REPORT
The São Paulo Government has announced the start of a BRT line, going through cities surrounding the São Paulo capital city with plans to be operating in 2023. This line has 17 km of extension and will use 82 Battery Electric Articulated 23 meter buses.
Source: M&T Read The Article
PSR Analysis: The cities surrounding São Paulo Capital have started deploying the initiatives of the main city, as expected. São Paulo City has a more aggressive plan for using BE Buses with 800 for…
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Brazil Cuts Taxes on Production of Several Segments
BRAZIL/SOUTH AMERICA REPORT
Taxes on Industrialized Products (IPI) will be reduced by 25% for most of industrialized goods, in a Governmental effort to boost Industry production. The total impact in federal revenue will be US$ 5 billion in 2022.
Source: M&T Read The Article
PSR Analysis: This should affect positively sales and profitability in all engine powered segments. However, profitability should be more impacted than volume. Construction Equipment should have the higher impact as well…
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Piaggio Developing Electric Scooter For Indian Market
INDIA REPORT
Aditya Kondejkar Piaggio, which sells electric scooters in Europe, is developing products specifically for India but it will take 18-24 months to enter the market. It will focus on scooters and not launch electric motorcycles.
The large automaker has 2024 in its sights as a realistic go-to-market timeline for the new scooter.
“We are interested in providing customers with a solution in the two-wheeler space that (makes sense) even beyond the effect of subsidies. It is a matter of fact that the players that have entered recently in this space are gaining volumes on the base of subsidies,” says Diego Graffi, MD & CEO Piaggio India
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Sony Unveils EV SUV, Announces Collaboration With Honda
FAR EAST: JAPAN REPORT
Akihiro Komuro On March 5, the Sony Group unveiled its prototype EV “VISION-S” SUV to the public for the first time in Japan. The vehicle brings together Sony’s strengths in sensor, audio, and video technologies. On March 4, Sony announced a partnership with Honda, and the two companies will jointly develop EVs through a new company in which both companies will invest, with the aim of launching the EVs in 2025.
Following a sedan-type prototype announced in 2020, Sony unveiled an SUV at the Consumer Electronics Show (CES), a digital technology trade show held in the U.S. in January 2022.
The side mirrors will have no mirrored surfaces and will use images and data collected from nearly 40 sensors, including those in the front and rear of the vehicle, to enhance safety. The dashboard has three displays that can show movies and other content in addition to driving information. Inside the car, Sony’s audio technology is used to provide a realistic music experience.
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Penetration Rate of Intelligent EVs in China in 2030 May Exceed 90%
CHINA REPORT
Jack Hao “China has the largest automobile production in the world, the most complete industrial foundation, supply chain foundation, talent foundation and market foundation,” said Li Bin, chairman of Weilai automobile.
These factors provide China with a significant advantage in developing intelligent EVs, he said “In fact, if we can have the advantages of these four aspects at the same time, China is the only one in the world,” he added.
The penetration rate of new energy has exceeded 10%…
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Middle East Energy Show Is Back Live
EUROPE REPORT
Emiliano Marzoli The last two years have seen a turnaround in the global economy and the way of doing business. Many habits have changed, and trade shows were severely impacted by the pandemic. For 2022, however the MEE is back live in Dubai. The floor plan has been reduced, removing roughly half of the space used in previous edition. This is not a surprise considering that the show was not busy in 2020, with many last-minute withdrawals, and that it was cancelled…
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DATAPOINT: North America Dumpers/Tenders, 2022 Production, 1620 Units
1,620 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America during 2022.
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.
Market Share: With 62.5% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 19.5%; third, is Indy Equipment with 10.5%.
Trends: Dumper/Tenders, commonly referred to as the Power Buggy, are sought after pieces of equipment because they are much faster than a conventional wheelbarrow and they accelerate job site related activities.
In 2021, production of Dumpers/Tenders in North America increased 7% to 1,542 units. Expect production to increase another 5% this year. The increase is attributed to the global economy along with the demand for new products for construction and mining related activities.
The decline in 2020 was attributed to product saturation in the market and also was somewhat related to COVID-19 shutdowns, even though consumers/contractors were still purchasing products.
At this time, many manufacturers are having longer production lead times due to lack of parts from suppliers and staffing shortages. Expect production to increase an additional 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
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