Reports

  • PowerTALK™, October 2025

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    In the October 2025 issue of PowerTALK News you can read about Q3 2025 Global Truck Production; South America Paving Show; Hitachi’s use of a hydrogen gen-set; India’s electrifying MCs; NA 2025 Combine Production; India’s GST 2.0, and more.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Hitachi Powers Site with Hydrogen Gen-Set
    • Trump Threatens Massive Tariffs after China’s Rare Earth Curb
    • Carmakers on Track To Meet EU CO2 Requirements
    • Electrifying India Motorcycles

    DATAPOINT: 2025 North America Combine Production
    TRUCK PRODUCTION REPORT: 3Q 2025 PSR-TPI Index Drops 8.5%
    EUROPE REPORT: MODX 70 Offers Luxury and Eco-Responsible Sailing
    SOUTH AMERICA/BRAZIL REPORT:

    • Mahindra Starts Construction of AG Equipment Plant
    • Stellantis Begins Production of Ram Dakota Pickup
    • VW Completes Updates
    • Cummins Brazil Introduces QSF 4.5 Engine
    • Iveco Daily Multifuel Concept Runs on Several Fuels

    SHOW REPORT: South America Paving Show
    JAPAN REPORT: Kawasaki Launches Hydrogen Engine
    SOUTH KOREA REPORT: U.S. Tariffs Up To 50% Impact South Korea

  • Alternative Power Report, October 2025

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    In the October 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on carmakers meeting EU emission requirements; India’s electrification of motorcycles, US tariffs on China rare minerals, and items on hydrogen power. Read the October Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • South America Paving Expo 2025 Sets Records

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    SHOW REPORT

    São Paulo– This year’s Paving Expo, held Sept. 23–25 at São Paulo’s Distrito Anhembi, marked another record edition for Latin America’s largest event dedicated to paving, road construction, and infrastructure technologies.

    With all exhibition space sold out, more than 300 companies showcased their solutions to an audience expected to surpass 20,000 industry professionals, while the technical congress (Paving Conference) attracted some 4,000 delegates.

    The numbers reflect the sector’s growing dynamism: nearly 9,600 visitors attended on the opening day alone, and projections indicated up to 30,000 participants over the full three-day program. Last year’s edition closed with 24,000 attendees, underscoring the show’s consistent expansion.

    The PSR South America Perspective
    At the show, Heitor Aguiari and Fábio Ferraresi, from the Power Systems Research (PSR) South America team, gathered insights directly from exhibitors and visitors.

    Overall, the sentiment was that 2025 has been a slow year for the market, constrained by economic uncertainty and cautious investment decisions. Some stakeholders said that despite the growing presence of advanced technologies—such as digital paving controls, smart compaction systems, and next-generation asphalt plants—a key bottleneck for productivity gains is the capacitation of the workforce, as operators are often not fully trained to exploit these machines’ potential.

    The construction industry grew by around 2.5% in 2025, underpinned by housing programs, renewable energy projects, and road concessions. Cement consumption, a proxy for construction activity, has risen steadily this year, showing increases above 5% compared to 2024 and even with the positive drivers, the investment in equipment was low due to conflicting political and economic signs.

    Looking ahead, exhibitors expect 2026 to bring a temporary upswing, driven mainly by the elections and the traditional increase in public spending that accompanies them. Still, this is seen as temporary increase of sales rather than a structural, long-term driver, even with the demand of infrastructure investment in Brazil and the positive impact it would bring in the Equipment Supply Chain and overall economy, underlining both the opportunities and the fragility of demand cycles in Brazil’s paving and construction equipment markets.

    Economy Analysts forecast an average annual growth rate of nearly 4% for construction between 2026 and 2029. Brazil’s government projects GDP expansion of 2.4% in 2026, slightly slower but still supportive of infrastructure demand. PSR

    Fabio Ferraresi is Director, Business Development, South Americafor Power Systems Research
    Heitor Aguiari is Senior Analyst at Power Systems Research

  • Q3 2025 Truck Production Index (PSR-TPI) falls -8.5%

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    St. Paul, MN (Oct. 13, 2025)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 117 to 107, or -8.5%, for the three-month period ending Sept. 30, 2025, from Q2 2025. The year-over-year (Q3 2024 to Q3 2025) loss for the PSR-TPI was, 109 to 107, or -1.8%.

    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.

    All Regions. In 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase while European and North American production is expected to decline significantly this year over 2024.  Truck demand in North America and Europe is expected to show slight improvement in 2026.

    Global Index. Globally, medium and heavy commercial vehicle production is expected to decline 3.2% this year over 2024.  A moderate softening of the global economy along with negative impacts from increased tariffs has placed pressure on vehicle demand this year.  However, global truck demand is expected to see some improvement in 2026. PSR

    Jim Downey is vice president – global data products at Power Systems Research
    Chris Fisher is Senior Commercial Vehicle Analyst for Power Systems Research

  • 2025 North America Combine Production

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    DATAPOINT

    4,600 units is the estimate by Power Systems Research of the number of Combines expected to be produced in North America during 2025.

    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.

    This product 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. PSR

    For details, download the complete report above.

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

  • PowerTALK™, September 2025

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    In the September 2025 issue of PowerTALK News you can read about North American truck demand/production to remain soft into 2026, NA 2025 scooter production, India’s EV pickup revolution, CATL’s new fast-charging LFP battery, Brazil’s high volume vehicle exports, and Scania China winning key production approval.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Another Major Auto Maker Is Abandoning Big EV Plans
    • When Will Battery Prices Fall and by How Much?
    • CATL Launches World’s First Fast Charging LFP Battery
    • Is New China Battery Twice as Powerful as Tesla Cell?

    DATAPOINT: 2025 North America Scooter Production
    NORTH AMERICA REPORT: Truck Demand Expected To Remain Soft into 2026
    EUROPE REPORT: 50% Tariff Turns European Machinery into Gold
    SOUTH AMERICA/BRAZIL REPORT:

    • Brazil Vehicle Exports Hit Highest Level in Seven Years
    • August Truck Production Drops Below 2024
    • Sao Paulo Adopts Biomethane In Urban Bus Fleet

    JAPAN REPORT: METI Supports Sharing EV Battery Degradation Data
    MALAYSIA REPORT: Proton Builds First EV Plant in Malaysia
    CHINA: Scania China Wins Key Production Approval
    INDIA: GST Reduction Is Game Changer for Auto, Tractor Segments

  • Alternative Power Report, September 2025

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    In the September 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on another major OEM dropping EV plans, an article on falling battery prices, a new more powerful and flexible EV battery from CATL, India’s EV pickup revolution and much more. Read the September Alternative Power Report today. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • 2025 North America Scooter Production

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    DATAPOINT

    481,000 units is the estimate by Power Systems Research of the number of Scooters expected to be produced in North America during 2025.

    Scooters/Minibikes/Mopeds are motorized 2-wheeled vehicles used primarily for recreational.

    This product 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.    PSR

    For details, download the complete report above.

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

  • Alternative Power Report, August 2025

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    In the AUGUST 2025 issue of the Alternative Power Report produced by Power Systems Research, you’ll find articles on cost-saving electric tractors, how Toyota, BMW, and Hyundai are moving against hydrogen power, a report on BP backing out of green hydrogen plan in Australia, a report on Tesla sales continuing to drop in Europe, and how Fortescue plans to cancel its flagship hydrogen projects. PSR

    Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

  • PowerTALK™, August 2025

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    In the August 2025 PowerTALK News you can read about companies having second thoughts about hydrogen power, 2025 North America motorcycle production, possible changes in emission regulations for trucks, South Korea’s agreement with the US on tariffs, and Vietnam’s shift to EVs.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Fortescue Cancels Flagship Hydrogen Projects
    • Tesla Sales in Europe Are in Free-fall
    • Magnetic Field Restructures Water to Boost Electrolysis Efficiency
    • BP Drops 26 GW Green Hydrogen Plan in Australia

    DATAPOINT: 2025 North America Motorcycle Production
    NORTH AMERICA REPORT: Q2 2025 Truck Production Declining
    SOUTH AMERICA/BRAZIL REPORT:

    • GWM Starts Testing Hydrogen Truck in Brazil
    • Brazilian Mid-Size City at Forefront BEV Bus Transportation
    • Hitachi Construction Machinery Plans Regional HQ in Chile

    JAPAN REPORT: CEMA Sees 3% Decline in Construction Equipment
    SOUTH KOREA REPORT:
    South Korea, US Agree on 15% Tariff
    VIETNAM REPORT: Vietnam Shifts To EVs Under Government Leadership
    CHINA: Dongfeng Plans To Sell 50% Stake in Honda Engine
    INDIA: GST Reform Is Big Opportunity for OEMs

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