inese domestic capital. Chassis, interior, and thermal management are the three main pillars of the company’s business. Capital: CNY 1,162.8 million Sales: CNY 26,600 million (Fiscal year ended December 2024) Number of employees: 22,697 (as of December 31, 2024) Main production sites: China, USA, Brazil, Poland, Malaysia Xiezhong International Thermal Management System (Jiangsu) Co., Ltd. (Xiezhong International, formerly Nanjing Xiezhong Aut...

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

eased, as did the HEV version of the VW T-Roc, which was launched in January. 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 some  HEV un...

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

holidays. However, February’s raw data retraction is reframed in selling rate terms, as the metric rose to a five-month high of 1.78 mn units/year. The market is forecast to struggle in the next two months however, as global oil prices spike amid the ongoing middle east conflict. South America Brazilian Light Vehicle sales totaled 177k units in February, up by 2.0% YoY. The selling rate accelerated to 2.82 mn units/year in February, up from ...

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

ent of control units and semiconductors Mobility Aftermarket: Aftermarket parts market E-Bike Systems: Electric bike related Development related: R&D facilities: In Europe, the company has R&D sites in Germany, Hungary, Romania, and other countries, and in the Americas, in the United States, Brazil, and other countries. In September 2022, Bosch announced the cornerstone laying ceremony for its R&D center in Zeegerses, Hungary. Technolo...

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

fficiency of existing internal combustion and hybrid technologies. Regional Market Dynamics Highlight the Need for Diversity Market trends further demonstrate that a uniform electrification strategy is unrealistic: China: In 2023, hybrid vehicle sales grew by 100% year-on-year, outperforming BEVs Brazil: Approximately 80% of new vehicle sales are flex-fuel vehicles Europe: The market share of hybrids has expanded to 35%   Given the wide varia...

Market & Tech Reports  Updated at: 2026/03/06

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 some  HEV un...

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

ay when compared to 2025 due to the calendar of the Lunar New Year holidays. This leaves the seasonally adjusted annualized rate at 1.55 mn units/year, which is below our current 2026 annual forecast of 1.64 mn. We expect a gradual pickup in momentum as we progress through the year. South America Brazilian LV sales totalled 162k units in January, up by 1.8% YoY. However, the selling rate slumped to 2.2 mn units/year in January, down from 2.8 mn...

Market & Tech Reports  Updated at: 2026/02/24

ecome an important growth market for China's high-end smart NEVs, thanks to its well-developed infrastructure and energy transition policies. Jan-Dec 2025 Export destinations The table can be scrolled left and right. Country Volume (1,000 units) Mexico 625 Russia 583 UAE 572 UK 336 Brazil 322 Saudi Arabia 302 Belgium 300 Australia 297 Philippines 257 Kazakhstan 212 (Source: Created based on announcements by the Chin...

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

Volume Data as of end-January 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 2...

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

ngthened by nearly 50k units for 2025. We have also revised the forecast upwards for the following years: circa +40k units for 2026 and +10k units for 2027 and 2028. On this basis, we now anticipate modest growth in the German LV market, underpinned by a solid performance in the second half of 2025.BrazilFor 2025 as a whole, we now expect total LV sales of 2.54 mn units, representing a YoY gain of 2.3%. This forecast is only marginally above our ...

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

nes in Africa and the Asia-Pacific region. Nissan build rebounded sharply in Europe and the US due to base effects from a low Q4 2024, when the brand trimmed global capacity by 20% due to falling sales. Alpine, Mitsubishi and Dacia also grew in Europe, with the latter two additionally ramping up in Brazil and the Middle East respectively. Renault, despite expanding in South America as well as India, fell 5.1% YoY overall because of capacity const...

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

otorcycles and scooters, which is reflected in its export focus.   Most Indian two-wheelers are exported to developing and emerging economies, with Africa, Latin America, SAARC (South Asia), and ASEAN countries being the main import markets. In CY 2024, Mexico, Colombia, Nigeria, Guatemala, Nepal, Brazil, the Philippines, Türkiye, Bangladesh, Guinea, etc. are major export destination of two-wheelers from India. Indian companies are also establi...

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

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 the previous...

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

n selling rate terms, the market is down 11.1% on December 2024, leaving the 2025 total LV sales up 3.5% at 1.65 mn units. The rebound for 2025 still leaves the year as the second worst of the last decade, beaten only by 2024, indicating the recovery has not fully replaced momentum. South America Brazilian Light Vehicle sales totaled 267k units in December, up by 10.2% YoY. The selling rate declined slightly in December, to 2.81 mn units/year, ...

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

also considers it unrealistic that sufficient quantities of e-fuels will be available for the new car fleet by then. Initially meeting just of 1 % of demand, as is predicted by FEV, they will remain a niche solution at first. He also considers fuels with a high ethanol content, which are common in Brazil, to be impractical, as they may suffer from flocculation at low temperatures in cooler climates.   However, FEV has calculated that, even if f...

Market & Tech Reports  Updated at: 2026/01/19

4 850 851 514 562 533 Bahrain 88 0 0 210 377 345 505 Croatia 211 427 599 282 511 510 491 Kuwait 162 0 0 164 321 317 431 Lithuania 14 224 174 485 472 447 420 Jordan 0 0 0 103 241 268 337 Oman 51 0 0 61 159 196 321 Ukraine 39 64 43 116 327 308 311 Bulgaria 85 374 310 259 224 201 164 Brazil 86 48 13 28 152 159 160 Colombia 6 14 10 18 77 86 144 Argentina 0 0 0 12 81 102 140 Estonia 18 275 160 65 66 75 87 Peru 2 0 0 0 39 58 8...

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

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 previous month t...

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

97,893 4,361,008 5,861,447 5,965,021 6,806,996 6,905,816 Vietnam 3,488,800 3,422,200 3,535,600 3,865,900 3,945,600 4,758,040 3,285,330 3,858,540 4,238,750 3,151,390 3,373,280 Thailand 2,442,161 2,397,427 2,446,249 2,535,916 2,578,161 2,533,269 2,023,433 2,309,474 2,626,778 2,472,872 2,426,367 Brazil 1,517,662 1,262,708 887,653 882,876 1,036,788 1,107,758 961,986 1,195,149 1,413,222 1,573,221 1,748,317 Philippines 754,125 806,594 1,040,556...

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

ite Manufacturing siteR&D facility India Manufacturing site Manufacturing siteR&D facility Manufacturing site Manufacturing site Manufacturing siteR&D facility Indonesia Manufacturing site Thailand Manufacturing site Manufacturing site Manufacturing site Manufacturing site Americas Brazil Manufacturing site Manufacturing site Manufacturing site Manufacturing site Canada Manufacturing site Mexico Manufacturing site Manufa...

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

implications of the Chuseok national holidays were the driver of previous month’s weakness, meaning a return to YoY stability was an expectation for most. Nonethless, in selling rate terms, the market posted its third best month of the year as the variable hit 1.75 mn units/year. South America Brazilian Light Vehicle sales totalled 227k units in November, down by 5.4% YoY. The selling rate accelerated to 2.84 mn units/year in November, from ...

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