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  • Q4 2023 Power Systems Research Truck Production Index (PSR-TPI) Climbs 8.4%

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    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.

    The PSR-TPI is a quarterly truck production report that measures global truck production across 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 

  • South America TPI Expected To Climb 22% in 2024

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    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 

  • PowerTALK™, January 2024

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    BYD, the Chinese auto manufacturer, is making expansion moves in Brazil, Deutz plans to sell electric marine motor manufacturer Torqeedo to Yamaha and GM and Komatsu are developing hydrogen fuel cells for mining trucks. Read these articles and more in the January issue of PowerTALK News.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • GM, Komatsu Plan Hydrogen Fuel Cells for EV Mining Truc
    • · Drivers of Heavy, Dirty Cars Pay Stiff Penalty Tax in Franc
    • · Survey: EV Range Anxiety Slips in Importance
    • · Cathode Material for Cheaper, More Sustainable EVs Developed

    NORTH AMERICA: Consumers, Professionals Boost Lawn & Garden Spending
    EUROPE:

    • · Electric Hydro Foiling Popular in Maritime Industry
    • · Deutz AG To Sell Torqeedo Shares To Yamaha

    DATAPOINT: NA Dumpers/Tenders
    BRAZIL/SOUTH AMERICA:

    • · BYD Seeks To Acquire Lithium Mining Operation in Brazil
    • · BYD Plans Supply Chain Verticalization in Brazil

    JAPAN: 2023 Domestic MC Shipments Increase 4%
    SOUTH KOREA: Hyundai Motor Sells Chongqing Plant in China
    THAILAND: Lithium Deposit World’s Third Largest
    CHINA: Recharging Slows Penetration of New Energy HD Trucks
    INDIA: Ford’s Potential Return to India

  • Cathode Material Developed for Cheaper EVs

    Researchers at the U.S. Department of Energy’s (DOE) Argonne National Laboratory have invented and patented a new cathode material that replaces lithium ions with sodium and that would be significantly cheaper to produce. The cathode is one of the main parts of any battery. It is the site of the chemical reaction that creates the flow of electricity that propels a vehicle.  Estimates suggest that a sodium-ion battery would cost one-third less than a lithium-ion one.

    Source: MSN: Read The Article

    PSR Analysis: Research in battery technology has developed at a tremendous pace and anything that reduces cost  and is more sustainable is a plus. Sodium is far more naturally abundant and easily mined than lithium. It is thus a fraction of the cost per kilogram and much less susceptible to price fluctuations or disruptions in the supply chain.   PSR

    Guy Youngs, is Forecast & Adoption Lead at Power Systems Research

  • Alternative Power Report, January 2024

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    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.

  • 2024 NA Production: Dumpers/Tenders

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    1,600 units is the estimate by Power Systems Research of the number of Dumpers/Tenders expected to be produced in North America in 2024.

    Dumpers/Tenders are vehicles designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

    Utility style models are versatile and are extremely popular with homeowners.  Dumper/Tenders, commonly referred to as the Power Buggy, are sought after pieces of equipment, much faster than a conventional wheelbarrow and can accelerate job site related activities. PSR

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

  • PowerTALK™, December 2023

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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

  • Alternative Power Report, December 2023

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    Read about new high energy density, cobalt-free lithium-ion batteries, CATL’s fast charging electric skateboard, a new lithium bonanza in the US and more in this month’s Alternative Power Report produced by Guy Youngs of Power Systems Research. PSR

  • 2024 Combine Production: 7,100 Units

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    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. 

    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

  • PowerTALK™, November 2023

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    EV activity continues to increase across the globe as reported in the November issue of PowerTALK News. This issue features EV reports from China, Japan, North America, Brazil, South Korea and Thailand.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • China Discovers Unique Battery Material
    • Toyota Joins Race To Mass Produce Solid-State Batteries
    • Could Toyota’s Ammonia Engine Bring the End of EVs?
    • White Hydrogen Could Reduce Decarbonization

    GLOBAL: Outboard Marine Engine Market Hits $5.5 Billion
    NORTH AMERICA: Transitioning from ICE Buses to Zero-Emission Engines
    DATAPOINT: NA Graders      
    BRAZIL/SOUTH AMERICA:

    • XCMG To Invest US$ 55 Million in Brazil Electric Truck Plant
    • Vehicle Production in Brazil Stagnates
    • Brazilian Marcopolo Approves its Fuel Cell Bus in Europe
    • VW Announces Pickup Truck To Fight with Fiat Toro

    JAPAN: Kubota and Sumitomo Plan Mutual Supply of Equipment
    SOUTH KOREA: Hyundai Sells EVs To Oil-Producing Countries
    THAILAND:      China Auto Manufacturer To Invest in Thai EV Motorbike Plant
    CHINA: Weichai-BYD JV Begins 56 Billion Yuan, 50GWh Battery Project
    INDIA: Construction Equipment Sector Poised for Substantial Growth

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