Industry News | Power Systems Research

Home » News » Page 7

2025-03-18

Wärtsilä Reports Strong Growth in 2024

Wärtsilä, a marine and energy technology provider, saw a 34% increase in Q4 2024 order intake and 14% growth for the full year. Q4 orders reached EUR 2,491 million, with net sales up 13% to EUR 1,854 million.

The full-year order intake was EUR 8,072 million, with net sales growing 7% to EUR 6,449 million. The order book rose 25% to EUR 8,366 million.

CEO Håkan Agnevall highlighted record highs in order intake, operating results, and cash flow, noting significant profitability improvements. Despite geopolitical uncertainties, demand for decarbonization solutions has remained strong.

Categories: Financial, Marine, Sales

Office: Europe Office

2025-03-16

2025 NA Trenchers Production

Carol Turner

4,200 units is the estimate by Power Systems Research of the number of Trenchers expected to be produced in the United States in 2025.

A Portable/Walk-Behind Trencher is used to dig trenches, especially for laying pipes or cables, for installing drainage, or in preparation for trench warfare. Trenchers range in size from walk-behind models, to attachments for a skid loader or tractor, to very heavy tracked heavy equipment.

Riding Trenchers are used to dig trenches, especially for laying pipes or cables, for installing drainage, or in preparation for trench warfare.

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

By Carol Turner, Senior Analyst, Global Operations

Categories: Construction, Datapoint Reports, Industrial, North America, Production

Office: United States Offices

2025-03-13

Alternative Power Report, March 2025

Guy Youngs

Alternative Power Report – Mar 2025 Download

This month, Alternative Power Report Editor Guy Youngs brings readers up to date on Elon Musk and Tesla activities around the world. Sales are down, stock price is down, and consumer anger is up. Read about it in the March issue of the Alternative Power Report produced by Power Systems Research. The March report also contains information on EV battery development and the tariff wars launched by U.S. President Donald Trump. PSR

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

Categories: Alternative Power Reports, Batteries, Economics, Electrification, Global, Passenger Cars, Minivans, and SUVs, PowerTALK, Production

Office: United States Offices

2025-02-24

Korean Battery Makers See Revenue Decline

Akihiro Komuro

The financial results for the year ending December 2024 of the three major Korean battery manufacturers all showed a decrease in sales compared to the previous year due to the sluggish sales of EVs worldwide. Unable to recoup the amount of upfront investment they had made in anticipation of the increasing shift to EVs, the companies are reviewing their plans for increased production.

SK ON has announced that it will delay the startup of its new U.S. plant, which was planned for 2025. LG Energy Solution, the largest company in South Korea, also reported a decline in both revenue and profit. Sales fell 24% and operating profit fell 73%. This is the first time since the company became an independent battery-focused subsidiary of the LG Group in 2020 that it has seen a decline in both sales and profits. Samsung SDI also saw a 23% drop in sales and a 76% drop in operating profit.

Categories: Batteries, Production, South Korea

Office: Japan Office

Toyota Major Auto Funder of Climate Deniers?

Guy Youngs

Toyota has been revealed to be the largest auto industry funder of climate deniers in US Congress, according to a report released today by Public Citizen.

Toyota sells more gas-powered, polluting vehicles than any other company on Earth, and thus it has a vested interest in continuing to sell those polluting vehicles. But the problem is that gas-powered, polluting vehicles are not good for the health of humans or other living beings on this planet

Toyota has repeatedly ranked as one of the strongest funders of pro-pollution, anti-EV, and climate denying propaganda in the world

Source: Electrek: Read The Article

PSR Analysis: Previously, the auto industry has taken advantage of changes in government, trying to get money-saving clean air rules torpedoed even after implementation, but not this time, except for Toyota. The big concern behind all of this is whether Toyota will begin to struggle like Nissan and other legacy carmakers (with the impact of the EV revolution). PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research

Categories: Alternative Power, Economics, Emissions, Legislation, Passenger Cars, Minivans, and SUVs

Office: United States Offices

Tesla Sales Drop 60% in Germany

Guy Youngs

Tesla’s sales dropped nearly 60% in January in Germany compared to the same period last year, and the same thing is happening throughout Europe. The two main reasons are believed to be the introduction of the new Model Y and the disapproval of Tesla CEO Elon Musk and his meddling in politics, which is especially not appreciated in Europe

Obviously, Tesla will use the Model Y transition as an excuse, and there’s some truth to it. However, Tesla was transitioning the Model 3 around the same time last year, which also negatively affected 2024 sales

Categories: Alternative Power, EV, Passenger Cars, Minivans, and SUVs, Sales

Office: United States Offices

Nissan Ditches Honda, Eyes Foxconn Alliance

Guy Youngs

After unsuccessful negotiations with Honda, Nissan has ended discussions about a merger and is now searching for a new partner, reports “Nikkei.” Among the potential candidates is the Taiwanese technology giant Foxconn.

Nissan abandoned plans for a $60 billion merger with Honda, which could have made it the third-largest car manufacturer in the world. The primary issue reportedly was disagreements over the terms of the merger.

Categories: Alternative Power, Passenger Cars, Minivans, and SUVs, Production

Office: United States Offices

Recycled Battery Metals Important for Europe EVs

Guy Youngs

Recycling could enable Europe to cut its reliance on EV battery mineral imports by up to a quarter by the end of the decade, a new study finds. Materials from end-of-life batteries and gigafactory scrap have the potential to build up to 2.4 million EVs locally in 2030, according to research by Transport & Environment (T&E).

Recycling spent cells and production scrap could provide 14% of the lithium, 16% of the nickel, 17% of the manganese, and a quarter (25%) of the cobalt that Europe will need for electric cars in 2030.

Categories: Alternative Power, Batteries, Passenger Cars, Minivans, and SUVs, Production

Office: United States Offices

Isuzu Plans South Carolina Truck Assembly Plant

Chris Fisher

Isuzu North America Corporation has announced that it is establishing a new production base in Greenville County, SC, to expand its vehicle supply capabilities in anticipation of the electrification of commercial vehicles in North America.

The company has purchased a 1,000,000 square foot facility on 200 acres of land it is converting into a state-of-the-art, Isuzu-run, assembly plant.

The size of the Greenville plant will enable Isuzu to consolidate all production-related operations under one roof. This will include KD storage and processing, parts storage, vehicle production and PIO operations. It will also allow for streamlining processes and improving efficiency, the OEM said.

Categories: Commercial Vehicles, Electrification, North America, Production

Office: United States Offices

Sanlorenzo, Volvo Penta Collaborate

Natasa Mulahalilovic

The Italian superyachts manufacturer Sanlorenzo and Volvo Penta are working to enhance yachting efficiency and sustainability by integrating the Volvo Penta’s IPS Professional Platform into the new SX120 and SX132 superyachts.

As part of its “Road to 2030” strategy, Sanlorenzo, a leading superyacht manufacturer, continues to drive innovation following the 2024 launch of the 50 Steel, the first superyacht powered by a green methanol-to-hydrogen fuel cell.

The IPS Professional Platform is an integrated, modular propulsion system developed by Volvo Penta and has been successfully tested on the 37 meters passenger ferry called Penta 40 in Sweden in 2024. It is designed for commercial vessels and superyachts between 25 and 55+ meters to improve efficiency, sustainability, reliability and comfort on the sea.

Categories: Europe, Marine, Partnerships, Production

Office: Europe Office

Posts navigation

TPI

PSR Truck Production Index

Free quarterly global commercial vehicle production report.

Alternative Power Report

The latest EV and power source news including batteries and fuel cells with analysis by PSR experts.

PowerTALK News

Stay informed each month with insights from Power Systems Research’s analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.

Subscribe View Archive

DataPoint Reports

2025 NA Zero Turn Mowers Production
2025 NA Snowmobile Production
2025 NA Trenchers Production
2025 NA Snowblowers Production

Sign-up for DataPoint Reports

Show Reports

Agrishow 2025 Provides Equipment Innovations
Hannover Messe Show Report
Automec 2025: Innovation and Transformation
Bauma-Germany Show Report
Bauma China Demonstrates New Technology

Get Show Reports

Previous Next

Current Reports

Download complimentary reports that show the type of information available from Power Systems Research.

Alternative Power Reports
Trade Show Reports
DataPoint – Segment Reports
PowerTALK – Monthly Analysis
Truck Production Index (TPI)

PowerTALK News

Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.

Subscribe View Archive

News

TPI

Sign-up for PowerTalk

PSR Global Offices & Affiliate Locations*O

Power Systems Research, Inc.

Power Systems Research, Inc.

Power Systems Research*

Power Systems Research SA

PSR Power Systems
Research India Pvt. Ltd.

Power Systems Research SA*

Power Systems Research

Power Systems Research

Tohan Research, Inc.*

PSR Global Offices & Affiliate Locations*

Power Systems Research, Inc.

Power Systems Research, Inc.

Power Systems Research*

Power Systems Research SA

PSR Power Systems
Research India Pvt. Ltd.

Power Systems Research SA*

Power Systems Research
(Beijing) Co., Ltd.

Power Systems Research

Tohan Research, Inc.*

Industries

Products

Solutions

News

Sign-up for PowerTalk

PSR Global Offices & Affiliate Locations*O

Power Systems Research, Inc.

Power Systems Research, Inc.

Power Systems Research*

Power Systems Research SA

PSR Power SystemsResearch India Pvt. Ltd.

Power Systems Research SA*

Power Systems Research

Power Systems Research

Tohan Research, Inc.*

PSR Global Offices & Affiliate Locations*

Power Systems Research, Inc.

Power Systems Research, Inc.

Power Systems Research*

Power Systems Research SA

PSR Power SystemsResearch India Pvt. Ltd.

Power Systems Research SA*

Power Systems Research(Beijing) Co., Ltd.

Power Systems Research

Tohan Research, Inc.*

Industries

Products

Solutions

PSR Power Systems
Research India Pvt. Ltd.

PSR Power Systems
Research India Pvt. Ltd.

Power Systems Research
(Beijing) Co., Ltd.