In October 2023, Modine announced that it will expand production of its EVantage series of thermal management system products in Europe. Starting in 2024, the company will manufacture battery thermal management systems and electronics cooling systems for OEMs across Europe at its Pontevico Plant in Italy. Modine EVantage products include the EVantage Battery Temperature Management System (BTMS) and the Electronics Cooling Package (ECP), both desi...

Market & Tech Reports  Updated at: 2026/03/30

introduction of new xEV models continues, and it will be interesting to see how things develop in the future.   In Europe, the sales volumes and market shares of xEVs are increasing. The increasing presence of Chinese manufacturers in various countries is also believed to be a contributing factor. Italy saw a significant increase of 68.8% y/y to 47,000 units, mainly due to the rise in HEV sales. Sales of HEV models such as the Toyota Aygo X and ...

Market & Tech Reports  Updated at: 2026/03/27

tomotive electronics. Group sector ContiTech, which produces automotive rubber hoses and other automotive rubber products, will be sold, and Continental AG will become a specialized tire manufacturer. Development related: R&D facilities: In Europe, the company has R&D sites in Germany, France, Italy, Belgium, Romania, Hungary, etc., and in the Americas, in the United States, Mexico, Brazil, etc. In September 2020, the company announced that...

Market & Tech Reports  Updated at: 2026/03/24

ationary pressures across the region, we have taken a slightly more cautious outlook to the 2026 Western European PV forecast, expecting sales to remain broadly flat this year. Across most of the five largest Western European markets, sales trends appeared to be more positive than those of January. Italy recorded the strongest growth, due to the MASE incentives and easing inflation, while France recorded the steepest drop, as the market was down ...

Market & Tech Reports  Updated at: 2026/03/09

a sharp drop in new car sales in January and a significant decrease in the share of xEVs. Trends in xEV market share in 12 major countries and 3 Nordic countries Click on the legend buttons to display only the relevant data. Norway Sweden China Finland UK Germany France Thailand Korea USA Italy Canada Brazil Japan India Copyright (C) MarkLines Co., Ltd. All rights reserved. *Data for Korea for the month is not shown because data on ...

Market & Tech Reports  Updated at: 2026/03/03

). Chery and BYD remain structured to specialize in the Chinese market, and their overseas sales destinations are dispersed. On the other hand, SAIC Group's Chinese sales ratio is about two-thirds, and it is relatively globalized, with a certain share in several countries such as the UK, India, and Italy. Chery BYD SAIC Group Reference: MarkLines Automobile sales volume data Reference: MarkLines Automobile sales volume data Reference: ...

Market & Tech Reports  Updated at: 2026/02/19

tum cooled in January, with sales falling for the first time in more than six months. Spain still delivered a solid result despite only modest growth, reflecting a high base in January 2025. France recorded a further decline as political uncertainty continued to weigh on demand. Finally, the UK and Italy posted positive performances once again, supported by incentives. In January 2026, the UK PV market continued its positive momentum in...

Market & Tech Reports  Updated at: 2026/02/09

ary 2026) Note: Includes commercial vehicles, includes estimated figures, China's sales volume (shipped volume) excludes export volume* The following 15 countries account for approximately 90% of global electrified vehicle sales. China, USA, Japan, India, Germany, France, Brazil, UK, Korea, Canada, Italy, Thailand, Norway, Sweden, Finland (Reference report) Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (December 2025)   Electrified vehicle...

Market & Tech Reports  Updated at: 2026/02/09

1,200 32.4% 30.4% 27.9% China* 940 1,356 1,114 22.9% 30.1% 25.9% South Korea 793 768 773 19.3% 17.1% 18.0% Taiwan 150 165 130 3.66% 3.67% 3.02% France 140 166 206 3.41% 3.69% 4.79% Japan 105 96 72 2.56% 2.13% 1.67% Canada 74 83 76 1.80% 1.84% 1.76% Turkey 60 53 64 1.46% 1.18% 1.49% Italy 60 51 50 1.46% 1.13% 1.16% Netherlands 53 69 80 1.29% 1.53% 1.86% Germany 53 69 68 1.29% 1.53% 1.58% Israel 38 36 36 0.93% 0.80% 0.84% U...

Market & Tech Reports  Updated at: 2026/01/30

% YoY, rather than a slight decrease that was estimated in our previous outlook. Nonetheless, November sales showed more weakness than expected, and we continue to anticipate that a slight slowdown will last through Q1 2026, before sales pick up again to a growth rate of 2.2% YoY for full-year 2026.ItalyRelative to the previous update, the Italian LV forecast is broadly unchanged. We have made a minor further downgrade to the 2025 PV outlook (-10...

Market & Tech Reports  Updated at: 2026/01/30

ned an MoU with the Government of Karnataka to establish a global capability center in Karnataka, develop a new test track, enhance production and engineering capabilities in Mysuru, and build new office infrastructure. It is planning a Global Design and Engineering Centre of Excellence in Bologna, Italy, after fully acquiring Engines Engineering S.p.A. Product Portfolio   In FY 2024–25, TVS Motor produced about 4.3 million two-wheelers. Motor...

Market & Tech Reports  Updated at: 2026/01/30

ales share of electric vehicles in 12 major countries and 3 Nordic countries. Share of electric vehicles in 12 major countries and 3 Nordic countries *By clicking the button below the graph, only the relevant data will be shown. Norway Sweden China Finland UK Germany France Thailand Korea US Italy Canada Brazil Japan India Copyright (C) MarkLines Co., Ltd. All rights reserved.   Norway took the top spot with 86.4%, down 1.0 points from...

Market & Tech Reports  Updated at: 2026/01/26

.4 mn units globally. Overall, 2025 finished with 91.9 mn units sold, up around 3.6% from 2024’s result. The US, Western Europe, and China ended 2025 with mixed results. Unlike earlier in the year, Western Europe was the only region to grow in December, led by strong sales in Germany and gains in Italy and the UK. China declined again due to changes to the scrappage scheme, while the US also fell as weaker EV sales offset an otherwise positive ...

Market & Tech Reports  Updated at: 2026/01/21

221 18,515 Norway 21,204 25,249 24,115 30,189 21,037 19,836 15,450 Netherlands 4,865 19,213 29,970 14,631 13,080 10,938 13,143 Sweden 9,186 20,388 21,897 7,352 9,963 11,598 12,956 United Arab Emirates 159 0 9,101 8,400 9,300 10,061 10,107 Israel 6,048 6,771 8,219 3,830 6,854 6,652 9,480 Italy 5,580 16,528 15,550 11,351 11,702 10,289 9,113 Japan 5,833 5,487 5,648 9,741 7,374 7,304 8,090 Switzerland 8,722 8,758 8,931 6,219 6,204 7,2...

Market & Tech Reports  Updated at: 2026/01/14

sluggish economic conditions in the region’s largest markets persist.. Across the five largest Western European markets, sales trends shifted from recent patterns: Germany was the strongest market this month, while Spain, 2025’s standout performer, posted its first sales decline in over a year. Italy and the UK also delivered positive results, while France’s sales continued to struggle. The UK PV market ended 2025 strongly, with D...

Market & Tech Reports  Updated at: 2026/01/08

ales share of electric vehicles in 12 major countries and 3 Nordic countries. Share of electric vehicles in 12 major countries and 3 Nordic countries *By clicking the button below the graph, only the relevant data will be shown. Norway Sweden China Finland UK Germany France Thailand Korea US Italy Canada Brazil Japan India Copyright (C) MarkLines Co., Ltd. All rights reserved.   Norway’s share ranked first, up 8.5 points from the pre...

Market & Tech Reports  Updated at: 2025/12/26

nd sold in U.S. (December 6, 2025)   Figure 1 shows the sales trends of minicars (A-segment) in major countries. Japan is the market with the largest sales of this segment, and it is recognized as its own category called "kei cars." China and India also have large markets for minicars. In Europe, Italy and Germany are among the top 10 countries in the world for minicar sales, but their share of A-segment sales is very small. Figure 1: A ...

Market & Tech Reports  Updated at: 2025/12/26

e fiscal year from April to March.2. Production volumes for Indonesia after 2015 are estimated (sales + exports).3. Volumes for Pakistan are based on the fiscal year from July to June and include the number of three-wheelers.4. Volumes for Europe after 2015 are provisional totals for two countries (Italy and Germany); until 2014, the totals are for 7 countries (Austria, Czech Republic, Germany, Spain, France, Italy, UK). Motorcycle sales volum...

Market & Tech Reports  Updated at: 2025/12/25

management systems that provide optimal temperatures for batteries and electronic devices for electric vehicles (EVs). In October 2023, Modine announced that it will expand production of its EVantage series of thermal management system products in Europe. Starting in 2024 at the Pontevico plant in Italy, the company will manufacture battery temperature management systems and electronic equipment cooling systems for manufacturers of heavy-duty ve...

Market & Tech Reports  Updated at: 2025/12/22

ing rate accelerated from October’s result to 14.4 mn units/year. YTD sales currently stand at 12.2 mn units (+0.1% YoY). The trend in sales remains similar to October’s result with Spain leading the way as the strongest market, while Germany continued a modest growth path. In contrast, France, Italy, and the UK all saw broadly flat or weak results. In Eastern Europe, the LV selling rate was broadly the same as October’s result, at 5.0 mn u...

Market & Tech Reports  Updated at: 2025/12/19