GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an already depressed base duri...

News  Updated at: 2025/06/12

GlobalData blog: GlobalData reduces US light vehicle sales outlook following tariff announcements Under the current tariff implementation, significant risk would be also added to GlobalData's North American LV production forecast GlobalData has carried out detailed analysis on the likely impact of tariffs on automotive imports to the US, including both finished Light Vehicles (LVs) and automotive parts. The following represents a summary of the t...

News  Updated at: 2025/04/10

GlobalData blog: Insights from InterBattery 2025: Korean battery manufacturers showcase innovations amidst global market challenges GlobalData attended the 2025 InterBattery event in Seoul, Korea, from March 5-7, 2025. This year, 688 exhibitors participated, including Korean battery cell manufacturers, raw material providers, and manufacturing equipment suppliers. Concurrently, the Korean Battery Industry Association (KBIA) hosted The Battery Con...

News  Updated at: 2025/03/14

GlobalData blog: Australia: Asia’s mature market down under After a record-breaking year for the Australian LV market, Trump's protectionist trade policies and China’s slowdown are risks to the import-dependent market. 2024 was a record-breaking year for the Australian Light Vehicle (LV) market. Total sales in the country reached an all-time high of 1.21 mn units, representing a 1.8% expansion, and surpassed the 1.2 mn-unit mark for the first...

News  Updated at: 2025/02/14

SEMI’s forecast: 18 new semiconductor fabs to start construction in world in 2025 SEMI (headquartered in California, the U.S.), an international organization made up of semiconductor-related companies, has announced that the construction of 18 new semiconductor fabs is expected to begin globally in 2025. The new construction projects are supported by demand from the automotive, IoT and power electronics industries. Most of the new projects are ...

News  Updated at: 2025/01/20

GlobalData Blog: Thailand’s automotive industry at a crossroads Thailand’s automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths are under pressure from global trends and domestic challenges. Thailand, formerly known as “the Detroit of Asia,” is losing its competitive edge as a major auto production hub and exporter, as overseas buyers are increasingly switching to...

News  Updated at: 2024/12/12

GlobalData blog: GlobalData initial impact assessment of the US election result on Heavy Trucks History suggests that the US election result is unlikely to have a material impact on the global truck industry in the very near term beyond creating uncertainty. In the mid- to long-term, however, the impact of Trump’s return to the presidency could be significant, particularly via emissions regulations, trade, and the focus on domestic manufacturin...

News  Updated at: 2024/11/19

Malaysian new car sales increase by 30.6%, and production increases by 30.0% in January Malaysian Automotive Association (MAA) announced that new car sales of 65,499 units in January increased by 30.6% over the same month in 2023. PV (passenger vehicles) sales were up 33.2% to 59,394 units. CV (commercial vehicles) sales were up 9.4% to 6,105 units. The number of Malaysian car production for January increases 30.0% over the previous year to 76,07...

News  Updated at: 2024/03/01

GlobalData blog: The Asian sales outlook – slowdown ahead The Asian automotive market finished 2023 with phenomenal results. Total Light Vehicle (LV) sales in the region reached an all-time high of 46.1 million units (+9.3%), exceeding the previous record-high of 44.5 million units in 2017. Out of the twelve Asian countries that we tracked in detail, four countries broke their records and registered their all-time highs: China*, India, Australi...

News  Updated at: 2024/02/08

Malaysian new car sales up 10.9%, production up 10.3% for 2023 Malaysian Automotive Association (MAA) announced that new car sales of 78,398 units in December increase 2.3% over the same month in 2022.  PVs (passenger vehicles) sales were up 2.9% to 70,908 units. CVs (commercial vehicles) sales were down 3.5% to 7,490 units. Total sales in 2023 posted a record high of 799,731 units, a 10.9% increase from that of 2022.  PVs sales were up 12.0% t...

News  Updated at: 2024/01/24

GlobalData blog: Is global automotive capacity headed for a day of reckoning? The recovery in global Light Vehicle (LV) demand in 2023 has been stronger than expected, as supply constraints eased in most markets. The outlook for 2023 has been increased by 4%, from 85.8 million units in January to 89.2 million units in November. However, this recovery and, more specifically, consumers still face headwinds from high vehicle prices (with the excepti...

News  Updated at: 2023/11/22

Toyota, Redwood Materials agree to battery recycling, material supply for battery plant On November 16, Toyota Motor North America (TMNA) and Redwood Materials announced an expanded recycling agreement for automotive batteries used in Toyota’s electrified vehicles that have reached the end of their life.  The new plan includes an agreement for Toyota to develop a closed-loop framework and source Cathode Active Material (CAM) and Anode copper f...

News  Updated at: 2023/11/17

GlobalData blog: Can Vietnam remain as Asia’s rising star? The Vietnamese economy and automotive market have been growing fast, in the shadow of its giant neighbour, China. Since the country signed a trade agreement with the US and joined the WTO in the 2000s foreign investment and exports have surged dramatically – and helped boost the nation’s income. In more recent years, the economy has benefitted from global corporations (and even Chin...

News  Updated at: 2023/11/07

Yano Research Institute forecasts two-fold increase in automotive motor demand due to electrification Yano Research Institute Ltd. (Nakano Ward, Tokyo) has released its investigation report on the global automotive motor market. The company has calculated from global new vehicle sales that demand for automotive motors was 3,138.89 million units in 2022. The company has forecast that demand for automotive motors will increase to 5,787.67-6,307.46 ...

News  Updated at: 2023/11/06

GlobalData blog: BEVs in the ASEAN region: The rise of Chinese OEMs The global surge in battery electric vehicle (BEV) adoption has gained momentum in recent years, as countries worldwide prioritise the shift towards carbon neutrality, in which BEVs are a critical component of the transformation. Notably, China, the world’s largest automotive market, has spearheaded the mass production and development of BEVs, leveraging proactive policies and ...

News  Updated at: 2023/09/06

VDA adjusts forecasts for German and European passenger car markets On May 2, the German Association of the Automotive Industry (VDA) announced that in the first quarter of 2023, the global passenger car market continued its recovery from the effects of the Covid pandemic. The supply situation in the supply chains in particular has eased noticeably, and the extraordinarily high order backlog has been reduced somewhat. As a result, a more posi...

News  Updated at: 2023/05/02

LMC Automotive blog: Will a new approach make Renault-Nissan successful in India? Renault and Nissan’s planned capital injection of USD 600 million (INR 53 billion) in India – mainly towards six new vehicles (three each), including two BEVs from 2025 onward – coupled with a modified strategy will determine the group’s future in the market. We believe the two partners’ novel approach will be akin to the decades-old strategy employed by H...

News  Updated at: 2023/03/31

LMC Automotive blog: A change in automotive fortunes is coming The post-pandemic period has been characterised for the automotive industry, perhaps above all other things, by the profound shortage of semiconductors. The effect on the new vehicle industry has been dramatic, causing global industry volume to be at levels we would in more normal times associate with a severe economic recession – at least as bad as the Global Financial Crisis. As a...

News  Updated at: 2023/03/15

LMC Automotive blog: Argentina Light Vehicle production: early pandemic recovery or simply recovery? Light Vehicle output in Argentina attained great heights over the course of 2022 reaching 554,000 units and achieving 23% growth year-on-year. This growth seems to paint a picture of recovery from the supply shortages plaguing the industry, but is there more to the story? Argentina’s pre-pandemic environment is also at play in the growth achieve...

News  Updated at: 2023/02/28

LMC Automotive blog: Morocco, automotive industry goes from strength to strength Each year, Moroccans buy about 180,000 new cars, a relatively small number considering the country has a population of 37 million. Despite this modest sales number, Morocco is becoming a real success story as an automotive manufacturing hub and in 2018, passed South Africa as the biggest exporter of passenger cars on the continent. So, what are the drivers behind thi...

News  Updated at: 2023/02/07