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We’ll Be at the Battery Show in Stuttgart
The Battery Show Europe and the Electric & Hybrid Vehicle Technology Expo Europe is scheduled to be held June 28-30 at the Messe Stuttgart in Stuttgart, Germany. More than 6,000 attendees are expected to tour the show and visit the more than 540 exhibiting suppliers.
Power Systems Research (PSR) will have a team of analysts at the show collecting data and developing insights on alternative power sources. The team includes
Emiliano Marzoli, PSR manager of European OperationsDalibor Sablic,…
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Power Systems Research Expands Forecast Capabilities and Focus on Technology Adoption 
Guy Youngs Joins PSR Team
Guy Youngs Power Systems Research (PSR), a leading source of global production and forecast information for powered equipment, has expanded its capabilities with the addition of Guy Youngs, an experienced market intelligence specialist.
Youngs, who has more than 30 years’ experience as an industry market analyst, most recently spent 11 years working for Perkins Engines in the United Kingdom.
While at Perkins Engines, he led the development of important forecast tools, including the creation of a Market Model used by Perkins Engines’ global team as a single source for its market analysis and planning efforts.
At PSR, Youngs will assume the new role of Forecast and Technology Adoption Lead. He will be responsible for continuing to develop and adapt PSR’s industry forecast, overseeing the rate of technology adoption of alternative power sources into the future outlook and technology mix.
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Komatsu Announces Expansion in Brazil
BRAZIL/SOUTH AMERICA REPORT
Fabio Ferraresi Komatsu announced planned investment of US$ 30 million (R$ 158 M) for a second cycle of production capacity expansion of its Suzano Plant in Brazil. According to Komatsu, production capacity will be increased 26%. Komatsu has invested US$ 20 million (R$ 100 M) during the last three years for 32% capacity expansion and improvements in safety and environmental impact.
Source: M&T Magazine Read The Article
PSR Analysis:…
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Agrishow 2022 Sells US$ 5 Billion in Ag Equipment
Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.
Source: Info Money Read The ArticlePSR Analysis:…
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PMI Electro To Set Up EV Manufacturing Plant in Maharashtra
INDIA REPORT
Aditya Kondejkar Electric bus maker PMI Electro announced the setting up of its largest EV manufacturing plant with annual production capacity of 2,500 vehicles at Chakan in Maharashtra.
Source: Economic Times Read The Article
PSR Analysis: PMI operates a manufacturing facility in Delhi, India’s capital region, which has an annual production capacity of about 1,500 electric buses. With the planned facility in Pune, the total annual…
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Tata Motors: Electrification Is an Irreversible Trend
Tata Motors recently unveiled the electric avatar of its most popular small commercial vehicle Ace. The company said it has booked orders for 39,000 units from top e-commerce players. India’s largest commercial vehicle manufacturer plans to transform commercial vehicles to achieve a net-zero target by 2070 for the country. PSR
Aditya Kondejkar is Research Analyst – South Asia Operations, for Power Systems Research
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Vietnam’s Dat Bike EV Motorcycle Enters SE Asia
SOUTHEAST ASIA: VIETNAM REPORT
Vietnamese electric bike manufacturer Dat Bike says it has raised $5.3 million. This brings the total raised by Dat Bike, founded in 2019, to $10 million. The funds will be used to invest in technology, increase production, expand operations to major cities in northern, central, and southern Vietnam, and hire skilled workers.
Dat Bike is a tech startup that plans to promote environmentally friendly transportation, first in Vietnam and then soon in Southeast Asia. The company’s strength lies in the performance of its electric bikes compared to gasoline-powered bikes. The company achieves this through vertical integration, in which key components such as speed controllers and batteries are designed and manufactured in-house.
The company currently sells two products: the Weaver, launched in 2019, has an output of 5 kW, about three times that of most electric bikes in the same price range. It has a range of 100 kilometers, about twice as long as competing models.
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Hyundai Sells More Than 800 EVs at Indonesia Auto Show
FAR EAST: SOUTH KOREA REPORT
Hyundai Motor Indonesia (HMID) said it has signed contracts for more than 800 units of the Ioniq 5 EV announced at the Indonesia International Motor Show (IIMS) Hybrid 2022 in Jakarta.
The company announced that it has started mass production of the Ioniq 5 and that it will begin shipping to dealers in April. The Creta SUV was the second most sold model after the Ioniq 5, with approximately 600 units sold, bringing the total number of vehicles sold to over 1,500, including EVs and gasoline-powered vehicles.
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MEGURI2040: The Fully Autonomous Ship Program
FAR EAST: JAPAN REPORT
Akihiro Komuro The Nippon Foundation, Mitsubishi Heavy Industries Group company Mitsubishi Shipbuilding Co., Ltd., and Shin Nihonkai Ferry Co., Ltd. have successfully completed a demonstration test of the world’s first fully autonomous ship navigation systems on a large ferry, conducted on the Iyonada Sea from Shinmoji, Kitakyushuu City, in January.
This demonstration was part of MEGURI2040, a fully autonomous ship navigation project launched by The Nippon Foundation in February 2020.
Japan’s declining birthrate, aging population, and shrinking population have resulted in labor shortages in many fields. Seafarers in coastal shipping, which requires hard work on board, are no exception. More than half of the seafarers in coastal shipping are over 50 years old, which poses a major challenge.
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Beijing Plan Calls for 100% EV Commercial Vehicles
CHINA REPORT
Jack Hao Under its new Five Year Plan, Beijing will expand restriction on the use of vehicles entering Beijing. At the same time, Beijing will restrict the use of China III diesel trucks and will implement regional traffic restrictions during peak hours of working days, strengthen the management of illegal electric three and four wheeled vehicles, and implement a preferential traffic policy for new energy logistics and distribution vehicles.
The Five Year Plan also calls for the promotion of low-carbon new energy transportation tools, and the promotion of “oil for electricity” of vehicles in public transport, rental (including cruise and online appointment), tourism and freight transportation.
Today, 69,000 diesel trucks have been eliminated in Beijing, and the proportion of clean energy and new energy vehicles in public transportation has reached 90.2%. Beijing plans to accelerate the promotion of new energy intelligent vehicle technology and cost reductions in many applications.
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