Construction Equipment News

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• In May 2022, GF Casting Solutions, a division of GF, Schaffhausen (Switzerland), and the leading light-metal castings and assemblies solutions provider Bocar Group, Mexico City (Mexico), signed an agreement to offer a specialized range of products and services worldwide. The objective of the collaboration is to bring higher value to the customers by combining the capabilities of two leading players in the market for high-pressure die casting components.
• In January 2022, Jingcheng Gongke Automotive Systems Co., Ltd. Die-casting Branch, together with LK Group. In "Integrated Body Structural Die Casting Technology Forum and Signing Ceremony for Strategic Cooperation Projects," to discuss new materials and technologies such as integrated die casting, lightweight design of body structure, and heat-free structural parts in automobile manufacturing industry, and strategically build an industrial innovation cooperation ecosystem.
• In December 2021, Nissei ASB Machine Co. Ltd., Tokyo, entered a memorandum of understanding to form a partnership with injection molding machine (IMM) and extruder maker Shibaura Machine Co. Ltd., Tokyo, to work in emerging markets.
• In February 2021, Nantong Jiangzhong Photoelectricity Co. Ltd Installed its Italpresse gauss TF5700 high pressure die casting (HPDC) machine at the company's base in Jiangsu province, China. Jiangzhong has also purchased a Westomat 3100 from StrikoWestofen to integrate seamlessly with the machine.
• In September 2021, Hanon Systems announced the two site inaugurations in Hungary - a new greenfield production facility in Pécs and a building expansion in Rétság. Located in Baranya County, the new plant in Pécs increases production capacity for fluid transport products. The facility provides 22,464 square meters of manufacturing space and accommodates equipment, including forming, brazing, welding and bending, assembly lines, and testing for automotive air conditioning (A/C) lines. The building is equipped with modern machinery for horizontal die casting.

In February 2022, Berlin based construction technology company Flexcavo increases its capital by USD 8 million for its construction machinery fleet. In addition, planned capital will initially go for procuring newly constructed rental park in Maisach, Munich. Furthermore, with over 150 new construction machinery and equipment has already been planned by manufacturers JCB and Wacker Neuson for approximately 4,500 square metre site.

In january 2022, CanLift Equipment Ltd. has expanded its product line for construction machinery equpement under a stratgeic partnership with leading construction manufacturer Xuzhou Construction Machinery Group Co., Ltd to elevate the sales right of earthmoving equipement in Ontario. Further, this partnership shall open avenues for new relationships within the construction machinery industry.

In january 2022, Japan's largest construction machinery company Hitachi announced that it is seeling its 50% stakes of construction machinery fleet worth US$ 1.6 billion. In addition, Itochu will buy Hitachi's stake for 3,300 yen a share with Japan Industrial Partners. Furthermore, Hitachi currently owns a 51.5% stake in the construction machinery fleet.

In March 2021, Hitachi introduced the ZW220-7, Stage V-compliant wheel loader. With an operating weight of 18,190-19,450kg and a net power of 157kW (210hp), the ZW220-7 has a heaped bucket capacity (ISO) of 2.8-10.0 cubic meters.

In February 2021, Manitex Vall launched the all-new V 110 R Electric Mobile Crane. It is battery-operated and remote-controlled, with a capacity of up to 11,000 kg and a lifting height of up to 10.4 meters.

In January 2021, Caterpillar launched three new large excavators for the European, Asian, and African markets, with two ultra high definition demolition (UHD) machines. The large excavators are the Cat 352, 374, and 395, weighing in at 50 metric ton, 72 metric ton, and 94 metric ton, respectively.

• September 2022: Mahle GmbH (Mahle) unveiled its CO2-neutral powertrain technologies for commercial vehicles during the IAA Transportation event in Hanover, Germany. The presentation included the introduction of a novel power cell unit that comprises pistons, piston rings, conrods, pins, a cylinder liner, and a high-pressure impactor designed for crankcase flushing.
• February 2022: Cummins Inc. made a significant announcement about expanding its leading powertrain platforms to encompass a diverse range of lower-carbon fuel options. These expanded platforms will also incorporate shared architectures for engine blocks and other essential components, resulting in tailored solutions aimed at enhancing fuel efficiency.
• February 2022: Tenneco Inc. disclosed plans for a merger with Pegasus Merger Co., a wholly-owned subsidiary of Pegasus Holdings III, LLC. This merger was intended to increase Tenneco Inc.'s ownership stake in Federal-Mogul India, a company specializing in the production of cylinder liners, pistons, piston rings, and various other products. Following the merger of Pegasus Merger Co. and Tenneco Inc., Pegasus Holdings announced that it would hold a 74.98% stake in Federal-Mogul India.

• In May 2023, Yamaha launched two new electric Urban Mobility models, BOOSTER Easy eBike and BOOSTER S-pedelec. Both the models are equipped with the very latest PWseries S2 motor od 250 W capacities which is one of the most sophisticated designs in the class and a 630 Wh 36V Yamaha battery.
• In July 2023, Basso Volta, an Italian e-bike manufacturer, announced a light Italian e-bike with a carbon frame and an advanced display. The bike weighs merely 15.2 kg. Volta's performance is equally impressive, housing a powerful 500 Wh battery discreetly integrated into the downtube and providing a claimed range of 200 km (125 miles) on a single charge. The heart of this Italian e-bike is the Polini EP3+ motor, which delivers an impressive 75 Nm of torque and 250 W of assistance.
• In June 2023, Bosch announced its new Performance Line SX motor, with a claimed output of 600W peak power and 55Nm of torque. The Performance Line SX is the first lightweight motor from the German brand, with a claimed weight of 2kg.

• November 2022: Toyota South Africa Motors (TSAM) announced the importation of several RAV4 Plug-In Hybrid Vehicles (PHEV) to test customer response, vehicle behavior, infrastructure requirements, and other technical aspects, as well as educate customers on plug-in technology. It is also the second phase of TSAM's New Energy Vehicle (NEV) roll-out strategy, following the hybrid vehicle expansion strategy across Toyota's mainstream product lines.
• November 2022, The Almaz Hybrid, previously displayed at the Indonesia Electric Motor Show (IEMS) 2022 event, was officially launched by Wuling Motors in Indonesia.
• October 2022,: BYD announced that it had opened its first store in Brasilia, Brazil's capital, in collaboration with Saga Group, the country's largest dealer. In Brazil, BYD has introduced the Tang EV luxury battery-electric SUV, the Han EV battery-electric sedan, the D1, and the Song PLUS DM-i hybrid SUV, which will go on sale soon.
• In October 2022, Korea Fuel-Tech Corporation invested USD 10 million in the construction of a new plant in Auburn, Alabama, the United States. The new plant will produce carbon canisters and hybrid vehicle fuel systems.

• April 2022: Nissan Motor Co. invested 1.3 billion reais (USD276.12 million) in its plant in Resende, Brazil, and in launching new products between 2023 and 2025.
• January 2022: Link, a United States-based electric vehicle manufacturer, built a factory in the Mexican state of Puebla. A total of USD 265 million was invested in this production system.
• January 2022: Great Wall Motors announced investing USD 1.81 billion to manufacture electric vehicles in Brazil over the next decade in the factory acquired by Daimler AG.

• November 2022: According to BYD's official Weibo account, BYD's new luxury car brand is called "Yangwang." It will have a new and independent team for branding, products, sales and services network, and operation, with products expected to be officially launched in Q1 2023.
• August 2022: Infiniti announced the official launch of the QX55, an all-new luxury SUV, in China at the 2022 Chengdu Motor Show. It will be sold as an imported model in the country. It is available in four variants (one FWD and three AWD), with prices ranging from CNY 389,800 (USD 55,987.36) to CNY 475,300 (USD 68,267.81).
• August 2022: In Wuhan, Hubei Province, Dongfeng Motor Company Limited (Dongfeng Motor) held a press conference. Dongfeng Motor introduced Mengshi, a luxury off-road EV (electric vehicle) brand, and its exclusive "M" logo at the conference. The Mengshi brand's first model will hit the market in 2023.

• June 2023: Volkswagen Commercial Vehicles is expected to conduct autonomous driving testing using the self-driving all-electric Volkswagen ID. The testing program has already been launched in Texas, United States, at Volkswagen Group of America (VWGoA) alongside European centers. The company's aim is to expand commercially available transport services and the Volkswagen Group's mobility options.
• December 2022: Mercedes-Benz announced that a memorandum of understanding (MoU) was signed by Mercedes-Benz Vans with the Polish government and other partners to build a new van production plant at the Jaworlocation. The first entirely electric facility will be Mercedes-Benz vans.
• December 2022: Mercedes-Benz and Rivian signed an MOU for a strategic partnership and joint production of electric vans. Starting in a few years, the companies intend to establish a new joint venture manufacturing company with the goal of investing in and operating an existing Mercedes-Benz site in Central/Eastern Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian.
• October 2022: GMC unveiled the first-ever Sierra EV pickup truck as part of its all-electric truck lineup. The electric truck line, led by the 2024 Sierra EV Denali Edition 1, offers 400 miles of range on a full charge and unique features made possible only by its dedicated EV truck platform.

• January 2023: Dana Cardenas opened a new USD 21 million plant in Querétaro, Mexico, with a production line that will make Toyota components. The first production line, which already began with 110 employees, will be joined by two more lines later in 2023 for a total annual production of 545,000 units with 300 employees. Alejandro Sánchez Alvarado, Operations Director at Dana Cardanes, explained that three production lines are being installed in the new 917-square-meter facility, where cardan shafts (drive shafts) will be manufactured for use in Toyota trucks.
• December 2022: JTEKT Corporation (JTEKT) announced the adoption of their "low-vibration drive shaft" for Toyota Motor Corporation's Lexus RX front-wheel drive. The low-vibration drive shaft uses an "opposite groove construction," in which 6 balls are incorporated in the ball joint on the tire side, and the pushing loads of the opposing three balls cancel each other out, reducing internal friction by half. This lowers engine vibration transmission to the vehicle body and enhances fuel economy.
• October 2022: JTEKT and its group firm Koyo sealing techno developed JTEKT Ultra Small Seal as a compact diff. Side oil seal for BEV eAxle in response to the rapid growth of the battery electric vehicle (BEV) industry. A differential side seal is an oil seal affixed to the connection between the differential and the drive shaft that prevents oil leakage from the inside and pollution from the outside.

• May 2022: The Indonesian division of used automotive marketplace Carsome signed a collaboration agreement with Indonesian Bank Jago Tbk for automotive financing to support Carsome Indonesia's business, which focuses on buying and selling used cars online.
• November 2021: Hyundai introduced the Hyundai Smart Deal, an innovative financing solution that enables customers to own a Hyundai car with significantly reduced costs of up to 50%. The program offers worry-free maintenance benefits and guarantees a remarkable 70% resale value when trading in the vehicle for a new Hyundai car after completing the last installment.
• September 2021: Mobil88 unveiled the Mo88i application, revolutionizing the process of buying and selling used cars. Mo88i serves as a reliable and efficient platform, streamlining every step, from car inspections to estimated bid prices and concluding with hassle-free financing and vehicle insurance submissions. This user-friendly application ensures a trusted, easy, and fast experience for both buyers and sellers, simplifying the journey of purchasing or selling used cars with unparalleled convenience.