Power Systems Research

  • JCB To Expand Production Capacity in Brazil

    JCB plans to invest R$ 120 million (US$ 20 million) in its factory located in Sorocaba, State of São Paulo, with the objective of increasing annual production capacity from 4,000 to 10,000 units by 2026. JCB expects to grow 50% in sales volume this year, compared to last year’s results, and more than double the sales.

    Source: Valor Economico      Read The Article

    PSR Analysis: With the increased production volume from new products made in Brazil, such as Wheel Loaders, JCB…

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  • DATAPOINT: North American Golf Cars 2021 Production: 56,200 Units

    56,200 units is the estimate by Power Systems Research of the number of golf cars to be produced in North America  during 2021. In this report, we consider North America to be 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 42% of total units produced, Yamaha Motor leads in production of gas-powered Golf Cars in the United States.  In second position is Textron (EZGO) with 32%; third, is Club car with 26%.

    Worldwide Distribution: Collectively, up to 20% worldwide.

    Trends: In 2020, US production of Golf Cars dropped 18%.  Production is expected to decrease another 2% from in 2021.  The decline in engine powered units is due to the increase in electric models that are currently the most popular power option. 

    COVID-19 production drop is mostly due to supply chain disruptions such as lack of part(s) availability.  During COVID times, electric golf car production dramatically increased (some electric manufacturers reporting up to a 200% increase in production).

    The pandemic accelerated the demand for golf cars, not for golf course needs, but as a “lifestyle” vehicle.  New models are being worked on with different fuels to make them less expensive and cleaner to run.  Gas models are more powerful and are preferred on hilly terrains. 

    Production should remain flat over the next couple of years with an increase in gas powered units that are eco-friendlier. Further recovery in the US economy and a growing number of golfers will support demand.  Expect production of gas-powered units to increase 5-10% by 2025. Electric -powered units could increase by 100%.   PSR

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

  • PowerTracker Summary Q3 2021: Gen-Set Sales Growth Constrained by Supply Chain Delays

    Joe Zirnhelt
    Joe Zirnhelt

    SUMMARY: Our PowerTrackerTM survey of dealers and distributors reported that overall gen-set sales increased in Q3 2021 up 4.3% from Q2 2021 levels.  This builds on a sales increase of 6.8% in Q2 2021 and a slower start to the year of -7.4% in Q1 2021 as sales were constrained by availability and supply issues. 

    This quarter’s results were based on interviews with 110 gen-set dealer and distributor respondents based in North America. The overarching theme in the third quarter was a continuation of sales growth being constrained by the availability and supply of gen-sets.  Longer lead times for dealers to receive shipments is limiting their sales – even though demand from end users remains at high levels. 

    The data comes from the proprietary PowerTrackerTM series of syndicated surveys conducted each quarter by Power Systems Research. Each quarter we interview gen-set dealers and distributors and other businesses across North America to maintain a pulse on the sales channels as well as monitor the ongoing needs and plans for businesses to purchase standby gen-sets to support their business operations.

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  • DATAPOINT: 2021 NA Golf Car Production

    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.

  • VinFast Launches Two EVs, Announces US HQ and Manufacturing Plant

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    Akihiro Komuro
    Akihiro Komuro

    VinFast has selected Los Angeles as its US headquarters and recently shared plans to begin manufacturing in the U.S. in 2024. VinFast is the automotive manufacturing subsidiary of VinGroup, a Vietnamese conglomerate that develops everything from real estate to technology and healthcare. The VinFast subsidiary was founded in 2017.

    VinFast is working to deliver its flagship EV, the VF e34, later this year in Vietnam. When that happens, it will be the first-ever EV sold in the entire Vietnamese market.

    Last month, we reported that VinFast was ambitiously entering markets overseas, beginning with the US, Canada, and Europe at the same time.

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  • Hyundai Motor Launches ‘Wage Half Price Plant’

    For the first time in 23 years, a finished car plant has started operations in South Korea. The operator is Gwangju Global Motors (GGM). This unfamiliar company was established under the leadership of the city of Gwangju in southwestern South Korea, with Hyundai Motor taking a stake, to specialize in contract manufacturing of small cars. The city of Gwangju, which aims to attract industry and create jobs, and Hyundai Motor, which wanted a plant where production can be outsourced at a low cost, coincided in their intentions.

    The site area of 455,000 square meters is lined with three buildings: a pressed car body factory, a painting factory, and an assembly factory. Inside the assembly plant, which measures 340 meters by 140 meters, eight colorful car bodies flow smoothly down a three-dimensional production line.

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  • NEDO Begins R&D of Hydrogen Aircraft

    The New Energy and Industrial Technology Development Organization (NEDO) says it will launch a four-topic research and development project for the development of next-generation aircraft, including core technologies for hydrogen aircraft and drastic weight reduction of major structural components of aircraft.

    By using Japan’s strengths in elemental technologies such as hydrogen and materials, the project aims to increase the ratio of participation in international joint development of airframes and engines (currently about 20-30%) and contribute to the decarbonization of the aviation sector. It will be implemented as part of the Green Innovation Fund project with a total of 2 trillion yen. The budget is 21.08 billion yen. Kawasaki will develop the core technology for hydrogen aircraft, while Mitsubishi Heavy Industries, Ltd. and ShinMaywa Industries, Ltd. will develop complex shapes and dramatically reduce the weight of major structural parts of aircraft.

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  • Chip Shortages Cause Worst Festive Season in Decade for Auto Industry

    Aditya Kondejkar

    2021’s festive period from Navratri to Diwali (October) marked the worst performance for India automakers in nearly a decade. Usually, sales of PVs peak during the period, however, the demand was much lower this year. 

    Further, two-wheeler and tractor sales dropped by about 10%. The major reason for this drop is supply-side challenges on semiconductors and lack of demand in entry-level segments for both PVs and two-wheelers.

    In the commercial vehicles space, the situation was somewhat better with an increase in demand for interstate movement of goods.

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  • Weichai Delivers 150-Ton Mining Trucks

    Jack Hao
    Jack Hao

    The 150-ton large-scale mining truck delivered by Weichai has accumulated more than 50,000 hours of trial operation, with a total mileage of more than 360,000 kilometers, a 70% increase in efficiency, and a 10% reduction in unit energy consumption.

    This product is equipped with a powertrain system consisting of Weichai Group’s 17-liter engine + 3300 Nm high torque 8-speed gearbox + 60-ton drive axle. The operation equals the output of two trucks, which significantly reduces the number of vehicles need for a specific job, greatly reduces operating costs, and brings considerable economic benefits to customers

    Source:  Weichai Power  Read The Article

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  • Argentina Car Sales Drop 24%, But Production Grows

    Fabio Ferraresi
    Fabio Ferraresi

    Sales in October 2021 are 24.1% lower than the same period of 2020 in Argentina, at about 25,000 units. This is also 1.6% lower than September 2021. On the other hand, production has grown 42.8% in October 2021 over October 2020 with 41,000 units produced, driven by strong exports.

    Source: Automotive Business     Read The Article

    PSR Analysis: Brazil's shortage of cars is due to a shortage of semiconductors and supply chain issues caused by the demand increase for…

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