Car makers warn China's rare-earth curbs could halt production On May 30, Reuters reported that global auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China – used in everything from windshield-wiper motors to anti-lock braking sensors – that could force the closure of car factories within weeks. In a previously unreported May 9 letter to Trump administration officials, the head of the trade group re...

News  Updated at: 2025/06/04

Global EV sales up 31.6％ to 1.34 million units in April On May 26, MarkLines announced that global electric vehicles (including BEV, PHV and FCV) sales in April increased 31.6% YoY to 1.34 million units. In the four months of 2025, total EV sales increased 35.4% YoY to 4.95 million units. EVs accounted for 25.5% of total sales in April, up 1.3% point from the previous month. In April, China leads the EV sales with 962 thousand units, followed b...

News  Updated at: 2025/05/26

Global EV sales up 33.4％ to 1.49 million units in March On April 25, MarkLines announced that global electric vehicles (including BEV, PHV and FCV) sales in March increased 33.4% YoY to 1.49 million units. In the three months of 2025, total EV sales increased 35.4% YoY to 3.60 million units. EVs accounted for 24.2% of total sales in March, up 1.5% point from the previous month. In March, China leads the EV sales with 1,009 thousand units, follo...

News  Updated at: 2025/04/25

Subaru announces global debut of all-new 2026 Trailseeker EV at NYIAS On April 11, Subaru announced that the global debut of its all-new 2026 Subaru Trailseeker EV SUV will be held at the 2025 New York International Auto Show (NYIAS), coming soon. The company provided a teaser image of the EV on its site. While Subaru has not released any details on the new EV, some sources report the Trailseeker will be built by Subaru in Japan and imported to t...

News  Updated at: 2025/04/12

Global EV sales up 56.9％ to 1.04 million units in February On March 25, MarkLines announced that global electric vehicles (including BEV, PHV and FCV) sales in February increased 56.9% YoY to 1.04 million units. In the two months of 2025, total EV sales increased 36.9% YoY to 2.11 million units. EVs accounted for 22.7% of total sales in February, up 0.1% point from the previous month. In February, China leads the EV sales with 718 thousand unit...

News  Updated at: 2025/03/26

CAMPI-TMA: February 2025 vehicle sales in Philippines reach 39,164 units, up 2.9% Reported on March 20, 2025, a joint report from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that local vehicle sales noted a 2.9% YoY increase in February 2025 to 39,164 units. The commercial vehicle segment recorded sales of 31,010 units, while passenger car sales reached 8,154 units.I...

News  Updated at: 2025/03/20

Volvo Cars announces best sales in history and 6% increase in core operating profit for 2024 On March 12, Volvo Car AB released its 2024 Annual and Sustainability Report, available on its Investors website, announcing key financial results, strategic priorities, and sustainability efforts, prepared in accordance with Global Reporting Initiative (GRI) standards. Volvo Cars achieved record-breaking performance for the second consecutive year, repor...

News  Updated at: 2025/03/13

Honda Mexico denies change of production to U.S. due to tariffs On March 4, Honda de México denied any changes to its production plans due to U.S. tariffs, stating that there are no adjustments or shifts of manufacturing operations to the United States. The company emphasized that no announcements have been made regarding modifications to its operations or production models. Following a Reuters report suggesting that the Civic Hybrid production ...

News  Updated at: 2025/03/06

h credit facility of up to USD 450 million, following a previous USD 800 million financing arrangement in December 2024. Additionally, the company renewed its EUR 480 million Green Trade Finance Facility, originally established in 2022 to support working capital needs. Polestar plans to release its global retail sales data for the first quarter of 2025 on April 10. The company will also publish its fourth-quarter and full-year 2024 financial resu...

News  Updated at: 2025/03/01

Imports of auto parts increase 22.6% in January in Brazil On February 25, Sindipeças reported that Brazil’s auto parts industry increased in imports in January 2025, reaching USD 2 billion, 22.6% higher than the UDS 1.6 billion recorded in the same month of 2024, with China as a key driver of this trend, continuing a months-long acceleration in imports. Exports also increased 26.9% to USD 208.1 million with Argentina as the main destination. S...

News  Updated at: 2025/02/28

Global EV sales up 22.2% to 1.08 million units in January On February 25, MarkLines announced that global electric vehicles (including EV, PHV and FCV) sales in January increased 22.2% YoY to 1.08 million units.  EVs accounted for 22.6% of total sales in January, down 6.8% point from the previous month.  In January, China leads the EV sales with 754 thousand units, followed by the United States with 119 thousand units and Germany with 52 thousa...

News  Updated at: 2025/02/26

Toyota, Honda, and Nissan report 2024 global electrified vehicle sales Toyota Motor Corporation (Toyota), Honda Motor Co., Ltd. (Honda), and Nissan Motor Co., Ltd. (Nissan) have reported their 2024 global sales volume of electrified vehicles by country and region. Toyota’s sales of electrified vehicles accounted for more than 40% of its total car sales, Honda more than 20%, and Nissan about 15%. Their sales of highly fuel-efficient hybrid vehic...

News  Updated at: 2025/02/26

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

December vehicle production in Thailand down 17.4% YoY (Flash Report) On January 28, 2025, Federation of Thai Industries (FTI) announced that vehicle production in December 2024 reached 104,878 units, down 17.4% YoY and down 10.6% MoM, respectively. According to the FTI, the December 2023 vehicle production figure was adjusted from 133,621 units to 126,921 units. Vehicle production for domestic sales and exports in December 2024 contributed 35.92...

News  Updated at: 2025/01/28

Global EV sales up 26.0% to 1.8 million units in December, up 26.8% to 15.2 million units in 2024 On January 23, MarkLines announced that global electric vehicles (including EV, PHV and FCV) sales in December increased 26.0% YoY to 1.81 million units.  In 2024, total EV sales increased 26.8% YoY to 15.23 million units. EVs accounted for 29.4% of total sales in December up 0.4% point from the previous month. In 2024, EV share was 24.2%.  In Dece...

News  Updated at: 2025/01/24

UK on track for 2035 zero-emission vehicle goals amid shifting global demand trends On January 20, the Advanced Propulsion Centre (APC), UK released the annual vehicle production report. It confirms that the UK is on track to meet 2035's zero-emission vehicle (ZEV) production targets, driven by the ban on fossil-fuel internal combustion engines (ICE) by 2035. Battery electric vehicles (BEVs) will see growing demand, though global forecasts for 20...

News  Updated at: 2025/01/22

Global EV sales up 40.0％ to 1.75 million units in November On December 27, MarkLines announced that global electric vehicles (including BEV, PHV and FCV) sales in November increased 40.0% YoY to 1.75 million units. In the eleven months of 2024, total EV sales increased 27.2% YoY to 13.456 million units. EVs accounted for 29.1% of total sales in November up 1.2% point from the previous month. In November, China leads the EV sales with 1,357 thou...

News  Updated at: 2024/12/27

ation (JEITA) has highlighted "Software-Defined Vehicles (SDVs)" as a key area of focus in its outlook for the electrical equipment, semiconductor, and electronic component market. The move to SDVs is expected to be fully adopted in automobiles from 2025, and is expected to account for 66.7% of the global automobile production in 2035. The report forecasts that, by 2035, global demand for electrical equipment for SDVs will grow to about 40 times ...

News  Updated at: 2024/12/26

Global EV sales up 43.1% to 1.6 million units in October On November 25, MarkLines announced that global electric vehicles (including BEV, PHV and FCV) sales in October increased 43.1% YoY to 1.606 million units. In the first ten months of 2024, total EV sales increased 25.6% YoY to 11.72 million units. EVs accounted for 28.0% of total sales in October up 0.3% point from the previous month. In October, China leads the BEV sales with 1,242 thousan...

News  Updated at: 2024/11/26

Toyota releases 2024 North American Environmental Sustainability Report On November 21, Toyota Motor North America announced the publication of its 2024 North American Environmental Sustainability Report, highlighting company initiatives across the U.S., Canada, and Mexico. The report outlines Toyota's environmental strategy, progress toward contributions to the UN SDGs (Sustainable Development Goals) and details the company's advancements in Car...

News  Updated at: 2024/11/26