News

2021-11-21

Stellantis Confirms Second Electric LCV in Brazil

Soon after the recent launch of the Peugeot e-Expert, Stellantis announced the Citroën e-Jumpy on Friday Nov. 12. Price, drives, batteries configuration, autonomy have not been announced yet. However it announced the growth expectations from 1.2% Market Share to 4% with the new electric launches.

Source: Automotive Business     Read The Article

PSR Analysis: Although it has not been announced, the most likely scenario is that Citroën e-Jumpy will use the same configuration as its European product, the Peugeot e-208 GT. European Battery has 75kWh with Autonomy for 330 km per charge over the EMP2 platform. PSR

Fabio Ferraresi is Director-Business Development South America for Power Systems Research

BMW Starts Production of CE 04 EV Motorbike

Emiliano Marzoli
Emiliano Marzoli

The CE 04 falls somewhere between a maxiscooter and a light electric motorcycle, with a distinguished concept style.  Initially, the rated power will be 42 Hp, giving the CE 04 a 2.6 seconds to 50km/h and 120 km/h max speed.   A second model will be soon available with 31 Hp, with slower acceleration but similar top speed.

Acceleration won’t be the only difference.  The battery in the faster model will be bigger, with 8.9 kWh of capacity and is rated for up to 130 km (81 miles) of range. The reduced power model has a maximum range of 100 km (62 miles).  It will be possible to charge the bike under different circumstances, at home, or public places.  Two built-in chargers will be available, ranging from 2.3 kW to 6.9 kw.  Charging will take from 1 hour and forty minutes to 4 hours depending on the selected option.  BMW said that 20 to 80% battery charge will take 45 minutes, making this a very practical vehicle.

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Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty

Yosyf Sheremeta
Yosyf Sheremeta

The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained.  Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain.  The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control.   With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.

The global economic performance last quarter was in line with our initial projections from earlier this year.  As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities.  During the last quarter of 2021 Power Systems Research expects this trend to remain in place.

Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.

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2021-11-09

DATAPOINT: 2021 NA Production of Tractors

101,500 units is the estimate by Power Systems Research of the number of tractors to be produced in North America  during 2021. In this report, we consider North America to include Canada, Mexico and the United States.

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 combined plant totals of 75% Deere leads in production of AG tractors in North America with about 63,200 units. In second position is Kubota (8,000 units) with 9.5%. Third is Case with about 8%.

Worldwide Distribution: Canada exports about 75% of its North American Ag Tractor production, Mexico, about 60%, and the United States, up to 45% of its total production.

Trends: In 2020, production of Ag tractors in North America decreased nearly 24% to only 84,600 units.  Production is expected to rebound 20% in 2021 to more than 101,500 units.  COVID-19 related factors played a role in the decline last year, especially for parts availability and equipment inventory levels. Expect production to increase 10% by 2025.      PSR

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

2021-11-03

North America Economic Outlook – November 2021

Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, takes a look at what’s in store for the industry segments we follow for the rest of 2021 and beyond.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06 Joe Delmont

From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK.

Today we’ll talk with Yosyf Sheremeta about the economic outlook for North America.

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2021-10-26

DATAPOINT: 2021 North America Combines

Today Joe Delmont presents the 2021 forecast for Combine production in North America. This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.

Transcript

Welcome to the PSR PowerTALK podcast produced by Power Systems Research.

00:06

From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK.

Today we’ll discuss a data point covering 2021 North American production of combines. When we talk about North America in this podcast, we mean the United States only.

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2021-10-24

Auto Production Down Sharply in Asia

SOUTHEAST ASIA REPORT: VIETNAM, THAILAND, MALAYSIA

Akihiro Komuro
Akihiro Komuro

At the end of September, an auto parts manufacturer operating a plant near the southern Vietnamese city of Ho Chi Minh is struggling with a sharp drop in orders. The parts produced at this plant are delivered to Toyota group companies.

On Sept. 10, Toyota revised downward its production plan for the same month and October, adding about 70,000 units to the originally planned production cut of about 360,000 units in September, and cutting production by about 330,000 units in October.

The company also announced that it would revise its full-year production plan from 9.3 million units to 9 million units. Parts suppliers in Vietnam were affected by this. It was around the same time that Toyota announced its production cutbacks that the manufacturer mentioned above was told by its business partner that it wanted to significantly reduce orders for October.

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Subsidy Program for Scrapping Diesel Vehicles Ineffective

FAR EAST: SOUTH KOREA REPORT

About half of those who received South Korean government aid to scrap their old diesel vehicles early have purchased diesel vehicles again, according to a new study. The government spent 845.4 billion won (about 79.6 billion yen) in the last five years (2016-2020) to scrap 959,000 aging diesel vehicles, but the number of all diesel vehicles increased by 9% during the same period. The government has pointed out that diesel vehicles are the main culprit of particulate matter such as PM2.5 and has implemented a policy to “eliminate” them, but this policy has not been effective.

There is subsidy support if old diesel cars are scrapped depending on the level of emissions in operation. In addition, there are additional subsidies if you buy an eco-car or a gasoline/LPG car.

If old diesel vehicles with a gross weight of less than 3.5 tons are scrapped early, they can receive up to 6 million won (about 570,000 yen) in subsidies. According to data from the Ministry of the Environment, 48,757 people in the Seoul metropolitan area purchased new cars in the first half of last year after receiving subsidies to scrap their old diesel vehicles. However, of the cars purchased by these people, 21,686 (44%) were diesel vehicles. Moreover, 15,990 of them were used diesel cars, 2.8 times more than the number of new cars (5,696).

Source: Chosun Online

PSR Analysis: It is hard to say that this is a flaw in the system, but the reality is that this system has not achieved its purpose and has produced the opposite effect. The reason for this situation is simple: many of the users of trucks under 3.5 tons are small businesses, and considering their expenses, they do not choose gasoline vehicles, and new vehicles are not an option, so they choose used diesel vehicles.

EVs and fuel cell vehicles, which are now being widely reported, are attracting attention as vehicles equipped with next-generation technologies. However, especially in the case of commercial vehicles, the high initial cost is frowned upon. The market should take another look at the fact that inexpensive vehicles that can easily demonstrate their contribution to business will be selected. PSR

Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research

TSMC Plans Plant in Japan, Operation Set for 2024

FAR EAST: JAPAN REPORT

TSMC, the world’s largest semiconductor foundry, has announced that it will build a new plant in Japan, with plans to begin construction in 2022 and mass production in 2024. The Sony Group and Denso Corporation are expected to participate in the construction of the new plant.

The new plant will produce logic semiconductors with a circuit line width of 22 to 28 nanometers. They are generally used in signal processing that requires large amounts of data, and in high-performance microcomputers used in car control. TSMC envisions the site adjacent to the Sony Group’s image sensor plant in Kumamoto Prefecture as the planned construction site.

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