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Mitsubishi Motors captures 8.2% market share with 72,000 units in Indonesia in FY2024 and aims for 10% in FY2025
,853 units, Xpander Cross at 11,495, Xforce with 7,108, Pajero Sport at 12,100, Triton 4x4 with 9,568, and the L300 at 12,123 units. Looking ahead to 2025, Mitsubishi Motors will celebrate 55 years of growth and contribution in Indonesia. MMKSI plans to launch a brand-new flagship model and aims to exceed its 2024 sales performance, targeting a 10% market share. (From Mitsubishi Motors Indonesia press release dated May 16, 2025)...
News Updated at: 2025/05/21
Costs paid by seven major Toyota-affiliated parts suppliers on R&D remain high
Costs paid by seven major Toyota-affiliated parts suppliers on R&D remain high The costs paid by seven major parts suppliers affiliated with Toyota Motor Corporation on research and development (R&D) remain high. In the fiscal year ending March 31, 2026, all the suppliers plan to spend higher amounts than those in the previous year, and the total amount spent by them on R&D will exceed JPY 1.2 trillion. Meanwhile, four suppliers will decrease the...
News Updated at: 2025/05/20
BASF, and Group14 Technologies, US partner on market-ready silicon anode solution
er with the capabilities of SCC55, ensuring robust cycle life and transformational performance. BASF and Group14 developed a drop-in-ready solution that greatly enhances the performance of batteries with silicon-dominant anodes. Under standard conditions at room temperature, test cells typically exceed 1,000 cycles with 80% of capacity remaining. However, at a temperature of 113°F (45°C), these cells still achieved over 500 cycles while prov...
News Updated at: 2025/05/14
Aston Martin adjusts strategy and production plans in response to U.S. tariff risks
act of U.S. tariffs led to a slight downgrade in wholesale volume guidance. However, the company still expects modest volume growth for 2025 compared to last year. Aston Martin remains focused on maximizing the value of each vehicle sold and building a strong order book, with retail sales likely to exceed wholesale deliveries this year. In Q2 2025, performance is expected to improve quarter-on-quarter, despite the tariff effects. Wholesale volume...
News Updated at: 2025/05/07
Auto Shanghai 2025: Exeed unveils new Tianji concept vehicle
y high-end sub-brand, unveiled the new Tianji concept vehicle positioned as a “large 6-seater leisure SUV”. 5.3m in length, 2m in width, 1.9m in height, and 3.2m in wheelbase, the Tianji is a full-size SUV with a Phecda-inspired name signifying “courage” to echo Exeed’s brand spirit of “Exceed”. The Tianji adopts a “future classicistic” design language, featuring proprietary double-layer footboards and a hidden intelligent expan...
News Updated at: 2025/05/06
Vietnam’s motorcycle market rebounds in Q1/2025; Sales exceed 673,000 units
Vietnam’s motorcycle market rebounds in Q1/2025; Sales exceed 673,000 units Reported on April 18, 2025, Vietnam’s motorcycle market is showing strong signs of recovery, following a period of stagnation. This rebound is largely attributed to the introduction of electric motorcycles and innovative promotional strategies. According to recent data from the Vietnam Association of Motorcycle Manufacturers (VAMM), which includes figures from 5 major...
News Updated at: 2025/04/24
Honda denies moving production to U.S. from Mexico and starts 2025 Acura ADX production at Celaya plant
A-Spec versions, features a 1.5-liter turbo engine with 190 hp, AWD, and a CVT transmission. The ADX is the first premium vehicle assembled in Guanajuato, further solidifying Celaya’s role as Honda’s most productive plant in the region. With an installed capacity of 200,000 units, the plant may exceed 230,000 units by year-end due to rising demand and increased efficiency. Honda’s continued investment underscores Mexico’s importance as a ...
News Updated at: 2025/04/22
Auto Shanghai 2025: Astemo to exhibit latest advanced mobility technologies
Auto Shanghai 2025: Astemo to exhibit latest advanced mobility technologies At the Auto Shanghai 2025, Astemo, Ltd. (Astemo) will exhibit the latest advanced mobility technologies under the theme of “Exceed Mobility Limits”. Astemo will place emphasis on showcasing core products and technologies for the era of software-define vehicles (SDVs), such as autonomous driving and advanced driver assistance systems, electric powertrain systems, and a...
News Updated at: 2025/04/21
Yageo to raise tender offer price to exceed MinebeaMitsumi’s offering
Yageo to raise tender offer price to exceed MinebeaMitsumi’s offering On April 17, a Taiwan-based leading electronic part manufacturer, Yageo Corp. (Yageo), raised its tender offer price for Shibaura Electronics Co., Ltd. (Shibaura Electronics) to JPY 5,400 per share from JPY 4,300 per share. The new price exceeds the tender offer by MinebeaMitsumi, which offered JPY 4,500 per share as a white knight (a friendly purchaser of the company), and...
News Updated at: 2025/04/21
Neta plans to ramp up EV investment in Thailand; Unfazed by new U.S. auto tariffs
Neta plans to ramp up EV investment in Thailand; Unfazed by new U.S. auto tariffs Reported on April 15, 2025, Neta Auto Thailand remains unfazed by new U.S. auto tariffs and plans to boost its investment in Thailand, which serves as its export hub for Southeast Asia. While the company didn’t reveal the revised investment figure, it confirmed it will exceed the previous estimate of THB 5 billion. Neta currently produces right-hand-drive BEVs at ...
News Updated at: 2025/04/21
VW Group revenue up 3.0%, operating profit down 39.1% in Q1 2025
ales revenue, earnings and cash flow from the announced increased import tariffs, particularly in the United States of America, are still not included in the forecast, as the effects and their interactions cannot be conclusively assessed at present. The VW Group continues to expect sales revenue to exceed the previous year by up to 5%. The Group's operating return on sales is still expected between 5.5 and 6.5%. The full interim financial stateme...
News Updated at: 2025/04/14
Hybrid vehicle sales exceed 2 million for first time in Japan in FY 2024
Hybrid vehicle sales exceed 2 million for first time in Japan in FY 2024 Sales of hybrid vehicles (HVs) in Japan on a fiscal year basis for the first time exceeded 2 million units (about 2.06 million units) in the fiscal year that ended in March 2025 (FY 2024). Automakers increased their HV lineup, and fuel prices that remained at high levels contributed to the sales. On the other hand, sales of electric vehicles (EVs) and plug-in hybrid vehicles...
News Updated at: 2025/04/11
BlackBerry’s QNX powering WeRide’s next-gen ADAS platform
d the world. As part of the collaboration, WeRide has used QNX to power the company’s ADAS WePilot solution designed for L2++ passenger vehicles. The first project of WeRide and its strategic investor and system integrator Bosch entered into mass production at the end of 2023, equipping the Chery Exceed Sterra ES and ET models with the integrated intelligence driving assistance system. With the QNX OS for Safety serving as a reliable, safe, and...
News Updated at: 2025/04/10
FY 2024 new vehicle sales in Japan exceed previous year's level for third consecutive year
FY 2024 new vehicle sales in Japan exceed previous year's level for third consecutive year In the fiscal year ended March 31, 2025 (FY 2024), Japanese new vehicle sales (total of mini-vehicles and registered vehicles (vehicles other than mini-vehicles)) increased by 1.0% year-over-year (y/y) to 4,575,705 units, marking a y/y growth for the third consecutive year. Although the number of registered or reported vehicles fell due to the suspension of...
News Updated at: 2025/04/02
Infineon presents Power PROFET + 24/48V switch family for automotive applications
plications. The devices are ideal for automotive electrical systems and for commercial and hybrid vehicles, as well as the next generation of electric cars. The switches are highly integrated and offer resettable and diagnostic features. With more than 1,000,000 switching cycles, the switches far exceed the average 200,000 cycles of conventional relays and offer excellent reliability. Diagnostic signals enable advanced fault detection and incre...
News Updated at: 2025/03/31
Nissan, SK On announce battery supply agreement for Canton-built EVs
assembly plant starting in 2028. The partnership marks SK On’s first supply agreement with a Japanese OEM. SK On currently operates two battery plants in the U.S. and is building four additional plants with partners. Once fully operational, SK On’s annual U.S. production capacity is expected to exceed 180 GWh. (Nissan release on March 19, 2025)...
News Updated at: 2025/03/20
Volkswagen Group sales revenue up 0.7% to EUR 324.6 billion in 2024
billion in 2023. Total number of vehicles delivered declined by 2.3% to 9.027 million units in 2024. Growth in South America could not fully offset the decline in China, while vehicle sales in North America and Europe stayed at prior-year level. The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5%. The operating return on sales for the Group is expected to be between 5.5 and 6.5%. Based on Volks...
News Updated at: 2025/03/11
Geely delivers first batch of RHD Geely EX5 in Thailand; Bookings already exceed 1,000 units
Geely delivers first batch of RHD Geely EX5 in Thailand; Bookings already exceed 1,000 units Announced on March 6, 2025, Geely Auto, in collaboration with its Thai distributor Thonburi Group, held a grand delivery ceremony in Bangkok for the first batch of Geely EX5 compact electric SUV to 84 users on March 2. This event is also a special commemoration of Thonburi Group’s 84th anniversary. Since its local debut at the 41st Thailand Internationa...
News Updated at: 2025/03/07
Avtopribor Iskra, Russia to build plant for car generators for Lada models
Avtopribor Iskra, Russia to build plant for car generators for Lada models On March 4, the Industrial Development Fund (IDF) announced that it would provide a preferential loan of RUB 567.5 million to the Russian company Avtopribor Iskra. The funds will be used to create a production facility in Tolyatti for car generators for Lada Vesta, Granta, and Largus. Total investments in the project will exceed RUB 760 million. Avtopribor Iskrwill purchas...
News Updated at: 2025/03/05
IM Motors releases product technology deployment, brand strategy for 2025
-to-end and Door to Door intelligent driving experiences, while debuting a next-generation intelligent cockpit with full access to Apple’s ecosystem. For brand channels, IM Motors will place emphasis on developing channels across China. It is expected that the number of IM Motors dealerships will exceed 400 by Q3, covering more than 140 Chinese cities. From an IM Motors press release...
News Updated at: 2025/02/28