Tesla operating profit down 42.5% in Q2 2025 On July 23, Tesla delivered its financial results for Q2, with net income falling 16.3% to USD 1.2 billion, on revenue of USD 22.5 billion, down 11.8% from the same period in 2024. Operating income fell 42.5% to USD 923 million, resulting in a 4.1% operating margin, and adjusted EBITDA was down 7.4% to 3.4 billion in Q2. The company noted its decline in Q2 due in great part to lower automotive deliveri...

News  Updated at: 2025/07/25

Mexico posts record automotive trade deficit with China in 2024 On July 7, it was reported that Mexico recorded a record automotive trade deficit with China of USD 5,068 million in 2024. While China exported USD 5,332 million in vehicles to Mexico, Mexican car exports to China fell to just USD 262 million, their lowest level since 2010. This sharp imbalance reflects China’s growing dominance, as it became the top foreign supplier to Mexico in 2...

News  Updated at: 2025/07/09

U.S. auto sales down 5.6% in June; Japanese and European brands with high ratio of imports show significant sales decline Note: Some figures were updated on July 10. The number of new vehicles sold in the U.S. in June 2025 (preliminary figures including estimates for GM/Stellantis/Tesla, etc.), aggregated by Marklines as of July 2, was 1,259,037, down 5.6% from the same month last year. The number of sales days in June was 24, two days less than ...

News  Updated at: 2025/07/03

Tesla Q2 2025 production flat, deliveries down 13.5% On July 2, Tesla announced production and delivery results for the second quarter of 2025. Of the 410,244 vehicles Tesla produced in Q2 (down 0.1% from 410,831 in Q2 2024), 396,835 were Models 3/Y (up 2.7% from 386,576 in 2024), and 13,409 were other models (down 44.7% from 24,255 in Q2 2024), including Models S/X, Cybertruck, and Semi. Of the 384,122 vehicles Tesla delivered in Q2 2025 (down 1...

News  Updated at: 2025/07/03

New vehicle sales by 5 major OEMs in South Korea increase 5.0% in June Five Korean automakers announced domestic new vehicle sales in June. New vehicle sales in South Korea increased by 5.0% compared to the same month in the previous year to 117,390 units. Although exports saw a slight decline, domestic sales were buoyed by the extension of the individual consumption tax cut on passenger cars. As a result, total global sales posted a modest incre...

News  Updated at: 2025/07/02

May 2025 global production of Japan’s 8 OEMs decreases for the first time in 4 months The May 2025 global automobile production volume of Japan’s 8 passenger carmakers announced on June 27 totaled 1,971,394 units for a year-over-year (y/y) decrease of 3.5%, the first decline in four months. This is attributable to decreased sales in China, where they have lagged the competition for electric vehicles (EVs), as well as the sluggish Asian market...

News  Updated at: 2025/06/30

Hyundai details USD 6 billion Louisiana steel mill, commitment to hydrogen economy On June 23, Louisiana's Clean Hydrogen Task Force was briefed by Hyundai officials outlining their USD 6 billion vision for a hydrogen-integrated steel mill in Ascension Parish that is projected to be operational by 2029, calling it a "catalyst for the hydrogen ecosystem" in the state. Hyundai North America Senior Vice President Jim Park reaffirmed the company's co...

News  Updated at: 2025/06/27

EU passenger car sales up 1.9% in May 2025 On June 25, the European Automobile Manufacturers Association (ACEA) announced new passenger car registrations for May 2025. Passenger car sales in the European Union (EU), European Free Trade Association (EFTA), and the United Kingdom (UK) increased 1.9% year-on-year to 1,113,194 units in May, while year-to-date sales increased 0.1% to 5,572,458 units.   May sales in the EU increased 1.6% to 926,582 un...

News  Updated at: 2025/06/26

Nissan releases 2nd video of all-new Nissan Leaf, adopting new 3-in-1 powertrain On June 9, Nissan Motor released its second video series for all-new Leaf electric compact hatchback, revealing enhanced suspension and maneuverability, improved heat regeneration features and quieter, more refined cabin. The all-new LEAF is the first model to adopt Nissan’s all-new, 3-in-1 electric powertrain, combining the motor, inverter, and reduction gear into...

News  Updated at: 2025/06/10

Mexican auto production decreases 2.0% in May 2025 OEMs built 358,209 light vehicles in Mexico in May 2025, resulting in a 2.0% decrease compared to the 365,644 units built in the same month of 2024, according to the National Institute of Statistics and Geography (INEGI). OEMs with production increases in May included GM with an increase of 14.8% to 77,252 units; Nissan with an increase of 0.1% to 60,937 units; Ford with an increase of 2.1% to 42...

News  Updated at: 2025/06/10

Witzenmann, Germany to present piping systems for thermal management at Battery Show Europe On May 27, Witzenmann GmbH announced that it will present its high-performance piping systems for thermal management of drive batteries in electric vehicles at Battery Show Europe 2025.  Witzenmann’s venting pipe system safely directs harmful gases away from EV battery housings during thermal events. Its heat-resistant, gas-tight design prevents flames ...

News  Updated at: 2025/06/04

New vehicle sales by 5 major OEMs in South Korea decrease 2.9% in May Five Korean automakers announced domestic new vehicle sales in May. New vehicle sales in South Korea decreased by 2.9% compared to the same month in the previous year to 113,139 units. The decrease was attributed to fewer working days during the early May holidays and weaker consumer demand. However, the impact was partially offset by export performance, supported by increased ...

News  Updated at: 2025/06/03

EU passenger car sales down 0.3% in April 2025 On May 27, the European Automobile Manufacturers Association (ACEA) announced new passenger car registrations for April 2025. Passenger car sales in the European Union (EU), European Free Trade Association (EFTA), and the United Kingdom (UK) decreased 0.3% year-on-year to 1,077,186 units in April, while year-to-date sales decreased 0.4% to 4,459,087 units.   April sales in the EU increased 1.3% to ...

News  Updated at: 2025/05/28

GM to halt exports of U.S.-made cars to China On May 17, General Motors informed employees and dealers for its Durant Guild import business in China that it would stop shipping vehicles to the Asian country from the U.S.  "Due to significant changes to economic conditions, we have decided to restructure The Durant Guild and correspondingly optimize GM China’s operations," the spokesperson said in a statement. The move comes as the U.S. and Chi...

News  Updated at: 2025/05/21

China Passenger Car Association analysis of production and sales volumes for April 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for April 2025. China passenger car production and sales volumes in April 2025 Retail April retail sales volumes of passenger cars totaled 1.755 million units, reflecting a year-over-year (y/y) increase ...

News  Updated at: 2025/05/14

Denso to sell most of its Renesas shares Denso Corporation (Denso) announced that it will sell a portion of its investment securities holdings of Renesas Electronics Corporation (Renesas). It will sell 73.9 million shares, which is equivalent to 4.1% of the issued shares excluding treasury shares, and post JPY 105.8 billion in gains on the sale of the investment securities under extraordinary gains in the non-consolidated results for the fiscal y...

News  Updated at: 2025/05/14

Australian new vehicle sales decrease 6.8% in April On May 5, the Federal Chamber of Automotive Industries announced that new vehicle registrations of 90,614 units in April 2025 represented a decrease of 6.8% over the last April. New vehicle sales of 381,017 units in the first four months of the year represented a 5.1% decrease YoY. Passenger car sales of 12,573 units in April represented a 27.4% decrease from the same period in 2024, SUV sales o...

News  Updated at: 2025/05/07

New vehicle sales by 5 major OEMs in South Korea increased 8.1% in April Five Korean automakers announced domestic new vehicle sales in April. New vehicle sales in South Korea increased by 8.1% compared to the same month last year to 128,639 units. Hyundai Motor and Kia reported higher sales both domestically and overseas, while GM Korea, Renault Korea, and KGM experienced declines. By company, Hyundai Motor led the market with 67,510 units sold ...

News  Updated at: 2025/05/07

PEVS 2025: Wuling unveils EV Van in Indonesia; Local assembly and Q3 launch planned Announced on April 29, 2025, Wuling Motors unveiled the Wuling EV Van for the first time in Indonesia at the Periklindo Electric Vehicle Show (PEVS) 2025 in Jakarta. Pre-bookings are now open. In Indonesia, the Wuling EV van will be offered in Minibus and Blind Van variants and will be locally manufactured in Cikarang, West Java. Its official launch in Indonesia i...

News  Updated at: 2025/05/02

EU passenger car sales up 2.8% in March 2025 On April 24, the European Automobile Manufacturers Association (ACEA) announced new passenger car registrations for March 2025. Passenger car sales in the European Union (EU), European Free Trade Association (EFTA), and the United Kingdom (UK) increased 2.8% year-on-year to 1,422,628 units in March, while year-to-date sales decreased 0.4% to 3,382,057 units.   March sales in the EU decreased 0.2% to ...

News  Updated at: 2025/04/25