Honda plans new roadmap as 2040 EV/FCV goal looks unlikely Honda Motor Co., Ltd. (Honda) announced on March 12 that it will revise its goal of making all new car sales in 2040 electric or fuel cell vehicles. President Toshihiro Mibe said, "In reality, we believe it will be difficult to achieve this goal. We are currently redrawing our long-term roadmap," he said. The company plans to outline its concrete direction at a press conference in May. Ho...

News  Updated at: 2026/03/13

UK passenger car sales up 3.4% in January 2026, highest since pre-pandemic 2020 UK passenger car sales were up 3.4% to 144,127 units in January 2026, resulting in the best start to a year since pre-pandemic 2020, according to the Society of Motor Manufacturers and Traders (SMMT) on February 5. January sales for VW decreased 7.6% to 12,539 units (8.7% market share), Kia fell 7.7% to 9,983 units (6.9% share), BMW dropped 12.6% to 8,099 units (5.6% ...

News  Updated at: 2026/02/06

Tesla downgrades 4680 battery supply chain as Cybertruck sales fade On December 29, South Korean battery material maker L&F said in a regulatory filing that the value of its 2023 supply deal with Tesla has shrunk to USD 7,386 from an earlier projection of USD 2.9 billion, signaling a catastrophic drop in demand for Tesla’s in-house battery cells, known as 4680 cells. L&F had signed a deal in early 2023 to supply high nickel cathode materials to...

News  Updated at: 2025/12/30

ries unfolding at once. On the surface, Japan’s hometown brands filled the halls with sharp concepts, plush interiors and a sea of “electrified” badges. However, underneath, something more cautious was just as clear—Japan still has not decided how far it really wants to go with full Battery Electric Vehicles (BEVs), even as China and Europe push hard in that direction. The event, newly positioned as a broad “festival of mobility”, bro...

News  Updated at: 2025/11/27

arrive exactly as displayed in Munich or as soon as might have been expected. This is usually a result of the homologation process that takes time and can be costly, which will slow the march of Chinese models into the region. The evolution of the BYD Seagull to the Dolphin Surf, which is a longer car that boasts improved safety, is a prominent example of this process. Those that are for sale or have launch dates for Europe tend to be available ...

News  Updated at: 2025/09/22

GlobalData blog: Xiaomi SU7, a game changer in the Chinese auto market Xiaomi Automobile gained market prominence with the launch of its first New Energy Vehicle (NEV), the Xiaomi SU7, in 2023. Since the onset of the pandemic in 2020, the competition within the Chinese automotive market has intensified exponentially each year. The price wars of the past two years have further escalated the intensity of rivalry. Amidst this backdrop, a new entrant...

News  Updated at: 2024/12/17

GlobalData blog: US BEV winners and losers in H1 2024 As Tesla sales stagnate in the first half of 2024, other OEMs have taken advantage The US electrified vehicle market has transformed since the Tesla Model 3 launch in 2017. The explosive growth over the past six years led legacy automakers to invest billions in engineering Electric Vehicles to compete with Tesla’s offerings. Fast forward to today, and compelling models are being launched by ...

News  Updated at: 2024/09/12

Toyota to stop producing C+pod this summer Toyota Motor Corporation (Toyota) will stop producing the C+pod, a two-seat ultra-compact electric vehicle (EV), this summer. The decision was announced on the company’s official website by January 15. Toyota began the sales of the C+pod to corporate users and local governments in December 2020 and to the general public in 2021. It was used mainly for car-sharing services targeting short-distance trave...

News  Updated at: 2024/01/17

Honda to electrify all mini vehicles by 2030 Honda Motor Co., Ltd. (Honda) will electrify all new mini vehicles by 2030. The automaker will gradually electrify mini vehicles, starting with the “N-VAN” mini commercial vehicle that will be released in 2024. Japan, which is behind other major countries in terms of the popularization of electric vehicles (EVs), has started to see growing sales of mini EVs that are often used for short travel, suc...

News  Updated at: 2023/11/16

reviously seen double-digit growth and having overtaken Argentina in market size terms. Understanding how this occurred can also give insights into the future of the Chilean market. A stable democratic government and an opening up of the economy to numerous free-trade agreements have helped vehicle sales thrive in several ways. Although having no domestic auto production, free-trade agreements along with some of the easiest regulations for manufa...

News  Updated at: 2023/07/12

nits, increasing by 113% YoY and accounting for 16% of total China PV production. At a monthly level, export growth in the past five years is significant but demonstrates seasonal characteristics. The volume of exports in the second half of the year is typically higher than in the first half. Since 2020, and despite the outbreak of the COVID-19 pandemic around the world, the resilience of China’s automobile industry supply chain has been fully ...

News  Updated at: 2023/06/15

Ford releases statement on EV tariffs of UK-EU trade and cooperation agreement On May 18, Ford announced that it has long supported the UK government’s zero-emission vehicle (ZEV) mandate, prescribing the proportion of EV car and van sales from 2024. Introducing EV tariffs at the same time will undermine the mandate and slow the growing EV trend. Ford is calling for current UK-EU trade and cooperation agreement requirements to be extended to 20...

News  Updated at: 2023/05/18

Gansu Province issues carbon peaking implementation plan On May 11, the People’s Government of Gansu Province issued on its official website the “Carbon Peaking Implementation Plan for Gansu Province” (the Plan). The Plan specifies how Gansu will reach a non-fossil energy consumption proportion of 30%, reduce energy consumption per unit of gross regional product by 12.5% over 2020, and ensure that the reduction in carbon dioxide emissions p...

News  Updated at: 2023/05/17

UK passenger car sales increase 26.2% in February According to the Society of Motor Manufacturers and Traders (SMMT) on March 6, UK passenger car sales increased 26.2% to 74,441 units in February 2023.While February is typically low volume ahead of the March plate change, this year it marked the seventh month of consecutive growth as easing supply chain shortages steered the market closer to pre-pandemic levels, down just -6.5% on the same month ...

News  Updated at: 2023/03/08

CES 2023: Sony Honda Mobility preparing EV reveal for January 4 On December 19, Sony Honda Mobility (SHM) announced through social media that it will reveal its progress in its joint-EV development project at CES 2023 in Las Vegas, Nevada on January 4.A teaser video shows a small portion of the new electric vehicle.Sony will focus on in-car infotainment and entertainment systems, such as the ability to watch movies and play games on an integrated...

News  Updated at: 2022/12/30

Hyundai Indonesia discontinues sales of Ioniq Electric sedan Reported on December 8, 2022, PT Hyundai Motors Indonesia has decided to discontinue sales of Ioniq Electric sedan, leaving Hyundai Kona EV and the locally-made Ioniq 5 in its current local BEV lineup. Its discontinuation in Indonesia is in line with the principal decision of Hyundai to stop producing Ioniq Electric at the Ulsan plant starting July 2022. So far, the Ionic Electric elect...

News  Updated at: 2022/12/09

LMC Automotive blog: BEVs take off faster than expected in ASEAN countries Following the implementation of EV incentive schemes by policymakers, especially in the two largest markets of Thailand and Indonesia, battery electric vehicles (BEVs) have taken off faster than expected in ASEAN countries. The pace of BEV penetration appears to have accelerated and is being driven by non-Japanese manufacturers. At this early stage of transitioning to elec...

News  Updated at: 2022/12/05

SAIC-GM-Wuling Automotive considering to enter Japanese market SAIC-GM-Wuling Automotive Co., Ltd. (SGMW), a Chinese low-priced electric vehicle (EV) maker, is considering entering into the Japanese market. Mr. Sun Feng, President of Apatech Motors (Shinagawa Ward, Tokyo), which started the marketing business for SGMW in Japan in the spring of 2022, revealed that Apatech Motors has presented SGMW a business vision to start sales of imported cars ...

News  Updated at: 2022/11/04

after another, the global Light Vehicle market continues to struggle to gain any real traction. Even though it has posted stronger selling rates in recent months, that is primarily a result of a rapid improvement in the China market, which itself is benefitting from a temporary purchase tax cut on cars. Across much of the world, supply bottlenecks remain the key reason for holding back better sales results. However, as Europe and North America h...

News  Updated at: 2022/10/07

LMC Automotive blog: The future of SEAT and Skoda within VW Group In Europe, if you have been in the market for a family hatchback, the chances are that you may have considered the Volkswagen Golf, which for a long time (up until 2020) was the best-selling passenger car in Europe. And for buyers wanting to choose an alternative to the most popular option, VW Group also offered similar packages with the SEAT Leon and Skoda Scala. This theme repeat...

News  Updated at: 2022/10/04