e HEV, which made its world debut in Thailand in March 2025.   In addition, a production model of the Mitsubishi DST Concept, which was exhibited at the Philippine International Motor Show in October 2024, is planned to be launched as the "Destinator", a new model in ASEAN countries, starting with Indonesia in July 2025, followed by the Philippines, Vietnam, etc. In the Japanese market, the company will enhance its product lineup through a full...

Market & Tech Reports  Updated at: 2025/07/30

al production to decline slightly by 1% in 2025. Its long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032. The automaker is reorganizing its Chinese plants to contribute more actively to its export business rather than solely serving the Chinese market. Its Indonesian plant is also increasing exports to the ASEAN market but recently discontinued the Hyundai IONIQ 5 BEV from its production roster. In Europ...

Market & Tech Reports  Updated at: 2025/07/28

o Halo OS. XPeng is entering the range extender EV field and jointly developing E/E architecture with Volkswagen. The company is mass-producing its in-house developed AI semiconductor "Turing" and installed it in vehicles from the second quarter of 2025. In addition, XPeng began local production in Indonesia in July 2025.     In recent years, competition among the top group of emerging Chinese EV manufacturers has intensified, causing a shift ...

Market & Tech Reports  Updated at: 2025/07/14

minimizing the number of changes from the gasoline engine.     Liquid hydrogen tank (model): FTS   FTS Co., Ltd. (FTS) manufactures fuel tanks and related components, battery cases for PHEVs, and other products. Besides Japan, the company has operations in North America, Taiwan, Thailand, and Indonesia. The company exhibited a model of a liquid hydrogen tank.   Toyota has been competing in domestic and international endurance races with hy...

Market & Tech Reports  Updated at: 2025/06/24

icas, 3 in China, and 4 in Asia) Japan 7 (Fukuda Plant, Toyohashi Plant, Yawadayama Plant, Komeno Plant, Inabe Plant, Sango Kanto Co., Ltd., Sanfuku Co., Ltd.) Europe 1 (Türkiye) Americas 6 (U.S. 4, Canada, Mexico) China 3 (Tianjin, Hongzhou, Xiangyang (Hubei Province)) Asia 4 (Thailand 2, India, Indonesia) In addition to these, Sango has technical assistance facilities in Europe, the U.S., and Asia.   Futaba ▶ Recent activities Business ...

Market & Tech Reports  Updated at: 2025/06/19

Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

Market & Tech Reports  Updated at: 2025/06/13

pacity undisclosed Fuzhou, Fujian - - - - - - - - 10 Total 40GWh German site VW, BMW, Benz, etc. - - - - 14 14 14 14 14 Hungarian site - - - - - - 20 40 50 Total 100GWh Spanish site Stellantis, LFP - - - - - - - 10 20 Total 50GWh Americas site Joint Venture. Ford - - - - - - - 20 20 Indonesian site - - - - - - - - 5 Total 15GWh Total 46 75 166 340 580 760 850 940 1025 (- indicates unknown, Total includes estimated values) ...

Market & Tech Reports  Updated at: 2025/06/12

) Breakdown: Japan 5 (Iwatsuki (disc brakes, drum brakes), Okayama (drum brakes), Yamagata (disc pads), Fukushima (linings), Tatebayashi (caliper casting materials)) Americas 2 (Glasgow Plant (Kentucky, USA), Mexico Plant) Europe 1 (Slovakia Plant) China: 2 (Guangzhou, Suzhou) Asia: 4 (Thailand 2, Indonesia 1, Vietnam 1) Business overview by region: Domestic Japanese operations In the fiscal year ending March 2024, sales in the Japanese mark...

Market & Tech Reports  Updated at: 2025/05/29

to March 2025 include an adjusted value of -10 units.   Related reports:Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs (May. 2025)Bangkok International Motor Show 2025 (2) Japanese & European OEMs (May. 2025)Bangkok International Motor Show 2025 (1) Chinese OEMs (Apr. 2025)Indonesia International Motor Show 2025 (IIMS 2025) (Mar. 2025)ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)   2025 Q1 ASEAN Cou...

Market & Tech Reports  Updated at: 2025/05/21

e production by 3% YoY, reaching 3.4 mn units in 2024. This figure includes the rebadged models manufactured for Toyota, in addition to the Suzuki Grand Vitara and Invicto, which are produced by Toyota in India. Enhanced production in India, Japan, and Pakistan offset the reduced output in Hungary, Indonesia, and Thailand. Trends: Maruti Suzuki’s production in India rose by 6% YoY to 2.2 mn units in 2024, despite the automaker's efforts to st...

Market & Tech Reports  Updated at: 2025/05/15

59,000. GAC Aion Aion UT Pre-sale at the Bangkok International Motor Show in March 2025. Is a ompact hatchback EV. Is equipped with 50kWh or 60kWh battery. Special prices start at THB 490,000. Wuling Binguo EV Released in July 2024. Is a subcompact hatchback EV. Initially, the company will sell Indonesian-made products. In December of the same year, production began at the Chonburi Plant of EV Primus Co., Ltd. MG MG4 EV The Thai production...

Market & Tech Reports  Updated at: 2025/05/12

Motors, Hyundai India, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Toyota Kirloskar, Volvo Technical Center (Airbags, seatbelts); airbags, seatbelts Badli ● Airbags, steering wheels Mysore ● Seat belt webbing, airbag cushions Pune ● Airbag, airbag cushions Chennai ● Inflators Indonesia P.T. Autoliv Indonesia Jakarta ● 100% Daihatsu, Toyota, Nissan Airbags, seatbelts, steering wheels Japan Autoliv Japan Co., Ltd. Yokoham...

Market & Tech Reports  Updated at: 2025/04/24

n consolidated into Aisin. Toyota plants in Hokkaido (Japan) and West Virginia (U.S) will manufacture transmissions other than ATs, such as CVTs and eCVT transaxles.   Honda In-house AT production sites have been significantly reorganized, and production has ended in Japan, Ohio in the U.S., and Indonesia. Also, vehicles equipped with ATs are not sold in Japan and Europe. The production of FWD 10-speed automatic transmissions continues at Tall...

Market & Tech Reports  Updated at: 2025/04/15

Technology Development (Shanghai) Co., Ltd., a subsidiary for advanced technology research in Shanghai. With a registered capital of CNY 100 million, the company plans to conduct research and development of automotive components, software development, and information technology control services. Indonesia In July 2024, PT. HLI Green Power, a Hyundai joint venture with LG Energy Solution Ltd., announced the completion of a battery plant in Indo...

Market & Tech Reports  Updated at: 2025/04/07

nd Mazda Mazda 6,041 4,181 4,785 8,536 8,619 8,054 7,736 Russia Mazda Mazda 9,084 687 0 0 0 0 7,551 Austria Mazda Mazda 5,732 6,685 6,725 7,678 7,882 7,218 7,298 Netherlands Mazda Mazda 5,732 8,518 6,845 7,577 6,818 6,211 6,327 Belgium Mazda Mazda 4,275 6,895 6,547 6,763 6,589 6,192 6,073 Indonesia Mazda Mazda 3,888 5,320 4,510 4,029 3,929 5,184 5,390 Iran Mazda Mazda 0 0 0 0 0 5,047 5,322 Switzerland Mazda Mazda 4,252 4,490 4,271 5...

Market & Tech Reports  Updated at: 2025/04/01

Indonesia International Motor Show 2025 (IIMS 2025) Chinese OEMs, Japanese OEMS, Hyundai, VinFast exhibits; charging network Summary Wuling: Top in local EV sales with launch of Air EV and Cloud EV BYD: Promoting the Sealion 7, local plant to start production in January 2026 GAC Aion: Aion V debut Chery: Unveiling Tiggo, Jaecoo, Omoda, and Jetour electric vehicles Geely: Re-entering the Indonesian market with CKD production of the EX5 Honri: Maki...

Market & Tech Reports  Updated at: 2025/03/31

d consecutive year. R&D centers have been built overseas and vehicles are sold in over 80 countries. Overseas operations cover more than 110 countries and territories with 4.5 million users outside China. The company is currently building local plants or expanding its business partners in Thailand, Indonesia, Malaysia, Vietnam, the Philippines, Kazakhstan, and other countries, and will continue to develop further markets outside China in the futu...

Market & Tech Reports  Updated at: 2025/03/07

otion Policies; Increasing Entry of Chinese OEMs (Sep. 2024)   2024 Q4 ASEAN Countries Sales Comparison (units) Country Dec. 2024 Dec. 2023 Y-o-Y Oct.-Dec.2024 Oct.-Dec.2023 Y-o-Y Jan.-Dec.2024 Jan.-Dec.2023 Y-o-Y Thailand 54,016 68,291 -20.9% 134,016 188,875 -29.0% 572,675 775,745 -26.2% Indonesia 79,806 85,284 -6.4% 232,063 250,024 -7.2% 865,723 1,005,802 -13.9% Malaysia 81,735 78,429 4.2% 222,603 227,864 -2.3% 816,747 799,821 2.1% ...

Market & Tech Reports  Updated at: 2025/02/25

and deepen its focus on promoting artificial intelligence (AI) and automobiles, aiming to achieve a comprehensive upgrade and innovation in integrated vehicle intelligence technology.   Regarding overseas trends, the company constructed or expanded plants in Hungary, Brazil, Thailand, Uzbekistan, Indonesia, Turkey, and other countries. Some of these plants have already begun operations.   Sales and net income have also increased steadily, and ...

Market & Tech Reports  Updated at: 2025/02/18

nipres) is a manufacturer of automotive stamped parts established in 1945 in Yokohama, Kanagawa Prefecture. The company's main products are car body stamping parts and transmission press parts. Overseas, the company operates in the Americas (U.S. and Mexico), Europe (UK), China, and Asia (India and Indonesia).   The exhibited product was a door ring, an integral part of the car body frame. The use of hot stamping to create an integrated structur...

Market & Tech Reports  Updated at: 2025/02/04