GlobalData blog: How is Tesla’s pivot to robotics and AI likely to affect it going forward? Tesla has announced plans to wind down production of its Model S and Model X flagship models, with no successor programs confirmed, while retooling sections of its Fremont factory to support early production of its Optimus Gen 3 humanoid robot later this year.  The move marks the clearest signal yet that Tesla intends to diversify beyond its core vehicl...

News  Updated at: 2026/03/23

Toyota Thailand eyes modest sales growth and stronger exports in 2026 On January 30, 2026, Toyota Motor Thailand released its 2026 forecast for the domestic automotive market, expecting it to remain broadly stable despite ongoing economic and financial constraints. The Thai auto market is forecast to reach 630,000 units, supported by government policies, new model launches, and improving investment activity. Toyota has set its 2026 domestic sales...

News  Updated at: 2026/02/02

GlobalData blog: Navigating 50% tariffs: strategic options for Chinese automakers in Mexico Starting in January 2026, Mexico officially raised tariffs on Light Vehicles (LVs) from 20% to 50%, applying only to countries that do not have a Free Trade Agreement (FTA) in place. While the change in rate affects many markets, we expect the most significant impact to be felt in China and India. These measures have been under discussion for months and we...

News  Updated at: 2026/01/30

Malaysian new car sales increase by 0.5%, and production decreases by 5.4% in 2025 Malaysian Automotive Association (MAA) announced that new car sales of 90,716 units in December increased by 10.3% over the same month in 2024. PV (passenger vehicles) sales increased 13.2% to 83,148 units. CV (commercial vehicles) sales decreased 13.8% to 7,568 units. Total sales in 2025 increased 0.5% from the same period in 2024 to 820,752 units. PVs sales were ...

News  Updated at: 2026/01/21

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