Reports

  • Alternative Power Report, February 2023

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    Read about the 240 ton electric mining truck that can charge in 30 minutes in the February 2023 issue of Alternative Power Report produced by PSR’s Guy Youngs. The same issue contains articles about Volvo’s electric concrete mixer truck and its wheel loader. Europe’s charging corridor will make driving easier for MHVs. PSR

  • PowerTALK™, February 2023

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    In This Issue

    Read in the February 2023 issue of PowerTALK News about the 240 ton EV mining truck than can charge in 30 minutes. At the same time, Volvo unveils an electric mixer truck and Japanese OEMs push to develop battery production in North America.

    • Alternative Power
      • • 240 Ton Electric Mining Truck Charges in 30 Minutes
      • • Study Shows Plug-in Hybrids Dirtier Than We Thought
      • • From Diesel to DC
      • • Volvo Unveils Electric Concrete Mixer Truck
    • Global: MC Market Grows 5.48%
    • N. America: Charging Infrastructure Blocks Adoption for BEV’s
    • DataPoint: Dumpers/Tenders
    • Brazil/S. America:
      • • Hitech Electric To Produce 100% EV LCVs
      • • Hyundai Keeps Gamma Engine in Units for Colombia
      • • Legislation for AG Tractors Cabin in Brazil Has Changes
      • • January Truck Production in Brazil drops 72%
    • Europe: Deutz, Daimler Align
    • China: Adoption of New Energy Commercial Vehicles Pushed
    • Japan: OEMs Seek Battery Production Channel in NA
    • South Korea: Hyundai To Start Operations at Plant in Vietnam
    • SE Asia: Kubota Seeks Manpower
    • India: Budget Focuses on Capex

  • DATAPOINT: NA Dumpers/Tenders, 2023 Production

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    1,790 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America (United States and Canada) in 2023.

    A Dumper/Tender is a vehicle 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.

    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 66% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 18%; third, is Indy Equipment with 10%. 

    Electric (Battery) Data: Manufacturers continue to develop battery-powered equipment to replace units powered by diesel and gasoline powered internal combustion engines.

    2021:  103 battery-powered units

    2022:  108 battery-powered units

    2023:  132 battery-powered units

    From 2021-2023 production of Electric (Battery) powered units gained nearly 5%.  

    In 2023,  production is expected to gain 22%. 

    Trends: In 2022, production of Dumpers/Tenders in NA increased 9% over production volume in 2021.  Expect production to increase 7% in 2023 from that of 2022.  The increase is attributed to gains in 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 somewhat related to COVID-19 shutdowns, despite the fact that consumers/contractors were still purchasing products. 

    To date, many manufacturers are having longer production lead times due to lack of parts from suppliers and staffing shortages. Dumper/Tenders, commonly referred to as a Power Buggy, are sought after pieces of equipment because they are much faster than a conventional wheelbarrow and their use accelerates job site related activities.  Expect production to increase an additional 5% by 2025.PSR

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

  • Alternative Power Report, January 2023

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    The January 2023 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research includes several articles on hydrogen power. New applications of hydrogen power from construction to marine are discussed in this issue. Plans by OEMs Audi and BMW for new EV cars also are discussed. PSR

  • Q4 2022 Power Systems Research Truck Production Index (PSR-TPI) gains 3.7%

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    St. Paul, MN (Janaury 23, 2023)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 101 to 105, or 3.7%, for the three-month period ended Dec. 31, 2022, from Q3 2022. The year-over-year (Q4 2021 through Q4 2022) loss for the PSR-TPI was, 122 to 105, or -13.2%.

    The PSR-TPI measures truck production globally and 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.

    Global Index. Global medium and heavy vehicle production is expected to decline by 15.8% in 2022 when final numbers are available in Q1 2023, primarily due to a significant drop in heavy truck demand in China. Global MHCV demand is expected to improve by 4.6% in 2023 even with concerns of a slowing global economy.  Ongoing supply chain disruptions along with generally higher inflation and a risk of Covid variants returning are also a concern moving forward.

    All Regions. Medium and heavy commercial vehicle production will be mixed in 2022 due to a variety of issues.  In China, truck overcapacity continues to hinder demand while the Russian-Ukraine war is significantly impacting demand and production in Eastern Europe.  While the global supply chain is showing improvement, it will remain a problem in 2023 for all regions.  There is serious concern about a major slowdown in the North American and European economy as a direct result of higher fuel and energy prices and overall inflation which doesn’t appear to be going away anytime soon.

    North America. Medium and heavy commercial vehicle production is expected to increase by 12.5% in 2022 over last year primarily driven by improved class 8 truck production.  While not back to pre-pandemic levels, the supply chain has seen improvement during the past few months.  Within the class 8 truck segment, PSR expects truck demand to remain strong into the first part of next year as a result of significant pent-up heavy truck demand.  While commercial vehicle demand is expected to decline slightly in 2023, production levels are expected to remain strong through at least the first half of the year. PSR

    Jim Downey is Vice President – Global Data Products at Power Systems Research

    Chris Fisher is the Senior Commercial Vehicle Analyst at Power Systems Research

  • PowerTALK™, January 2023

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    Manufacturers are increasing their efforts to develop hydrogen as a power source for vehicles and stationary power equipment at the same time that they continue to develop batteries that are lighter and that can be charged faster.

    In This Issue
    • Alternative Power
      • • Are Hydrogen Engines in the Future?
      • • Growth of Hydrogen Internal Combustion engines (H-ICE)
      • • JCB Reaches Hydrogen Milestone
      • • Hyster Begins Pilot of Hydrogen Fuel Cell Powered Container Handler
    • North America: U.S. Economy Faces Problems
    • DataPoint: NA Combines
    • Brazil/South America
      • • Brazil Pushes Truck Renewal Program
      • • First Synthetic Fuel Neutral CO2 Started
      • • FPT Developing Ethanol or Biomethane Engine
    • Europe: Cost Increases Cause Losses at HanseYacht
    • China: CNH To Halt Sales of Construction Machinery
    • Japan: METI Sets 2030 Goal for EV Trucks
    • South Korea: Hyundai Plans $14.7 Billion for Software
    • Southeast Asia: EV Purchase Subsidies Planned
    • India: Bets Placed on Green Hydrogen

  • DATAPOINT: North America Terminal Tractors

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    Estimated 2022 Production: 3,800 Units

    3,800 units is the estimate by Power Systems Research of the number of Terminal Tractors to be produced in North America (United States) in 2022. Terminal Tractors are specialized heavy duty vehicles designed to move loads at container ports and container terminals. Generally, they are slow moving (under 30km/h) and employ a high torque diesel engine and 4×4 wheel drive which enables them to move very heavy trailer loads, sometimes up to 200 or 300 tons. PSR

  • Alternative Power Report, December 2022

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    Read the expanded December 20222 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research. This month’s report includes articles on increased battery production in the US., Tesla’s plans for a recycling plant in Texas, increased merger activity in the EV Light/Medium commercial vehicle segment and new power sources being developed for cargo ships.

  • China 2023 EV Sales To Grow To 8.4 Million Units

    CHINA REPORT
    Jack Hao
    Jack Hao

    The development trend for the new energy vehicle (EVs) market remained positive through 2022. In November, retail sales of new energy passenger vehicles reached 598,000 units, with a year-on-year growth of 58.2%. From January to November, the domestic retail sales of new energy passenger vehicles were 5.03 million units, with a year-on-year growth of 100.1%.

    As for December, the Passenger Transport Federation believes that the subsidy for new energy vehicles will decline by 12,600 RMB this year, which is much more than the decline of 5000 RMB in the previous two years. In addition, some vehicle enterprises have announced a price increase for next year, which may promote strong pre-buying of new energy vehicles at the end of the year and boost sales.

    This year, the new energy vehicle market is expected to achieve the annual sales of 6.5 million vehicles.

    Although the subsidy for new energy vehicles will be withdrawn at the end of this year, the exemption for the new energy vehicle purchase tax will continue next year.

    At the same time, the new energy vehicle market is still good under the effect of non-financial means, including the right of way. Cui Dongshu predicted that the sales volume of new energy vehicles in China would reach 8.4 million in 2023, with a year-on-year growth of more than 30%. “With a high penetration rate of 36% in November this year, the new energy vehicle market has entered a supermarket driven stage.

    Source: The Paper    Read The Article

    PSR Analysis: At present, new energy vehicles have entered the stage of accelerated growth, and the process of replacing fuel vehicles has been accelerated. Due to the expanded sales of new energy vehicles, unit costs also have been gradually reduced. At the same time, China has gradually canceled epidemic prevention and control measures, which has injected confidence into the car market again and is expected to boost sales.

    Presently, exports of Chinese independent brands to European and American markets and developing countries is accelerating. Sales of international brands to China’s base is increasingly, and this growth rate will remain strong for new energy vehicles.

    Car ownership in China has reached 315 million units and 223 units per 1000 people. Compared with 600 units per 1000 people in developed countries, China’s car market still has a lot of room for growth. The annual sales volume is expected to reach 40 to 50 million units in the future.

    Given the government’s dual carbon strategy, the trend of automobile market electrification seems to be irreversible, and new energy vehicles will gradually replace the stock of fuel vehicles.

    Second, maturity of the supply chain system of new energy vehicles will lead to a decline in the cost of new energy vehicles.

    Third, with the progress of electrification technology and intelligent technology, the product strength of new energy vehicles will be further improved, the energy supplement facilities will be gradually improved, and the appeal to consumers will be further enhanced. The market penetration rate of domestic new energy passenger vehicles will further increase, and it is expected to reach 46% and 54% in 2025 and 2029, respectively.   PSR

    Jack Hao Is Senior Research Manager-China, for Power Systems Research

  • DATAPOINT: North America Terminal Tractors

    Estimated 2022 Production: 3,800 Units

    3,800 units is the estimate by Power Systems Research of the number of Terminal Tractors to be produced in North America (United States) in 2023.

    Terminal Tractors are specialized heavy duty vehicles designed to move loads at container ports and container terminals. Generally, they are slow moving (under 30km/h) and employ a high torque diesel engine and 4×4 wheel drive which enables them to move very heavy trailer loads, sometimes up to 200 or 300 tons

    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.

    Exports: Collectively, up to 40% worldwide

    Market Share:  With 31% of total units produced, Tico leads in production of Terminal Tractors in North America.  In second position is Kalmar–Ottawa with 26%; third is Capacity Trucks with 19%. 

    Trends: In 2021, production of Terminal Tractors in North America increased nearly 16% over 2020 production.  Production is expected to gain another 22.5% in 2022.  Over the past few years, airlines have tightened expenditures and reduced purchases of Terminal Tractors.  This is accredited to the downfall of the industry with no leftover monies for new units due to tight or minimal budget constraints. 

    The production increases in 2021 and 2022 are the result of increased demand for new products that improve operational efficiency and reduce environmental impact. 

    2018 was an exceptional year in the North American Terminal Tractor industry. Hesitations of increase in prices from additional tariffs and trade wars made several customers bring forward orders, resulting in significant growth in sales for most manufacturers. Production is expected to remain steady with an additional increase of 10% by 2025.  PSR

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

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