ol systems, and vehicle control units. Its products are widely applied in NEV passenger cars and light-duty commercial vehicles as well as low-speed specialty vehicles. The company is headquartered in Lishui, Zhejiang Province, with R&D and production sites in Lishui, Shanghai, Shenzhen, Huzhou and Vietnam. The main downstream customers are suppliers of highly integrated electric drive system modules. Total operating revenues in 2024 were down 0....

Market & Tech Reports  Updated at: 2025/12/11

een spent. The review of the funding allocation policy was temporarily suspended in 2025, limiting construction.   Emerging markets are catching up fast. In Brazil, the number of public charging stations will be over 12,000 by the end of 2024, while the total for Indonesia, Thailand, Malaysia, and Vietnam will be 24,000, nine times the number in 2022. Colombia and Mexico have seen increases of 60% and 20%, respectively, from 2022 onwards.   In...

Market & Tech Reports  Updated at: 2025/12/02

025 BYD LiB 59 / 79kWh LFP Mahindra eSupro BEV India Bengaluru, Karnataka 2016 LiB 30kWh 200.0 Mahindra XEV 9e BEV India Chakan, Maharashtra 2025 BYD LiB 59 / 79kWh LFP Mahindra XUV400 BEV India Nashik, Maharashtra 2023 LG / Farasis LiB 34.5 / 39.4kWh NMC VinFast EC Van BEV Vietnam Hai Phong 2025 LiB 17kWh VinFast VF 5 BEV Vietnam Hai Phong 2023 Gotion LiB 37.23kWh VinFast VF 6 BEV Vietnam Hai Phong 2024 Go...

Market & Tech Reports  Updated at: 2025/12/01

es Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - September 2025 Thailand BEV sales by OEM ASEAN News Topics (Q3 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand, Malaysia and Vietnam include revisions from past periods. 2025 Q3 ASEAN Countries Sales Comparison (units) Country Sep. 2025 Sep. 2024 Y-o-Y Jul.-Sep.2025 ...

Market & Tech Reports  Updated at: 2025/11/25

h Russia, which could result in the baseline tariff doubling to 50% from late August. However, the impact of the higher tariff is relatively limited in the near term due to India’s relatively low trade reliance on the US—exports to the US account for only around 2% of GDP (as compared to 26% in Vietnam, for instance).   Over the medium term, though, India would be at a disadvantage compared to the 20% tariff rates faced by its emerging Asian...

Market & Tech Reports  Updated at: 2025/11/20

Technology Czechia s.r.o. Mercedes-Benz E-Class W214 2025 Continental AG (trim) Mercedes-Benz EQE V295 2024 Yanfeng Automotive Trim Systems Co., Ltd. Yanfeng Automotive Trim Systems Co., Ltd. [C], Novem Car Interior Design GmbH [B] Cultraro Automazione Engineering S.r.l.  LG Electronics Vietnam Co., Ltd. Mercedes-Benz EQT 2023 Grupo Antolin-Irausa, S.A. [O] Mercedes-Benz EQV V447 2022 Burg Design GmbH (trim) FORVIA SE G...

Market & Tech Reports  Updated at: 2025/11/20

re development) and MDD (Model Driven Development: model development for software development). In addition, for each element of development (requirements definition, software design, software construction, and testing/evaluation), it has created simulation environments that include overseas bases (Vietnam, etc.). (Figure 37)   As specific examples of vehicle control ECU development, we have developed a model for the control of the electric part...

Market & Tech Reports  Updated at: 2025/11/13

ndo (Yamagata Prefecture) ○ Japan Soar Corporation Yonezawa (Yamagata Prefecture) ○ China Pioneer Technology (Shanghai) Co., Ltd. Shanghai ○ Singapore Pioneer Electronics Asiacentre Pte. Ltd. Singapore ○ Thailand Pioneer Manufacturing (Thailand) Co., Ltd. Pranakornsriayutthaya ○ Vietnam Tohoku Pioneer (Thailand) Co., Ltd. An Hung Ward, An Duong District ○ Brazil Pioneer do Brasil Ltda. Sao Paulo ○ USA Pioneer Automotiv...

Market & Tech Reports  Updated at: 2025/11/11

is said that CO2 emissions will be reduced by more than 50% compared to the conventional level. A new plant (Monterrey Plant, Tapex Mexicana, S.A. de C.V.) was established in northeastern Mexico, and production of airbag cushions began in March 2021. Cushion production is concentrated in Mexico and Vietnam in order to increase cost competitiveness, and the operation of this new plant increased the annual production capacity by about 8 million uni...

Market & Tech Reports  Updated at: 2025/10/27

ved to make Thai Stanley Electric Public Co., Ltd. a consolidated subsidiary. India: The company conducts its business through Lumax Industries Limited (Lumax), a major local company in which it holds a 35.8% stake. The company also has production sites in the Philippines, Thailand, Indonesia, and Vietnam. Lumax: Lumax serves about 90% of Indian OEMs and has a 60% market share in the automotive lighting business in India. The company has 12 manu...

Market & Tech Reports  Updated at: 2025/10/20

ce-related investments. The Indian auto component industry has limited R&D and manufacturing capabilities, which are hampering its growth in advanced key technology sectors like e-mobility, ADAS, etc. India has higher logistics costs compared to other countries in Asia, such as China, Thailand, and Vietnam. Thailand and Vietnam gain wider market access through RCEP (Regional Comprehensive Economic Partnership) and ASEAN+ agreements, while India f...

Market & Tech Reports  Updated at: 2025/10/09

(Laguna) 100 Air-conditioning systems and components Singapore Sanden International (Singapore) Pte. Ltd. Singapore 100 Compressors and air-conditioning systems Thailand Sanden (Thailand) Co., Ltd. Ayutthaya 95 Honda, Nissan, Suzuki, Mercedes-Benz, SAIC Motor-CP Air-conditioning systems Vietnam Sanden Technical Center of Vietnam Co., Ltd. Hồ Chí Minh 100 Technical development of air-conditioning units and compressors Americas ...

Market & Tech Reports  Updated at: 2025/10/07

ring site Manufacturing site Philippines Manufacturing site Manufacturing site Taiwan Manufacturing site Manufacturing site Thailand Manufacturing siteR&D facility Manufacturing site Manufacturing site Manufacturing site Manufacturing siteR&D facility Manufacturing site Vietnam Manufacturing site Manufacturing siteR&D facility Pakistan Manufacturing site(Seat parts) Americas Argentina Manufacturin...

Market & Tech Reports  Updated at: 2025/09/27

Auto, a brand under the Geely Group.   For the L8 EV, announced in 2024, the company aims for a local procurement rate of 40%. It is manufactured at the plant of PT Handal Indonesia Motor in Purwakarta. Aletra Aero Line L8 EV   VinFast, an automobile manufacturer under the Vingroup of Vietnam, has launched a cab company in Indonesia, GSM (PT XANHSM Green and Smart Mobility Indonesia), and is selling a large number of vehicles. The c...

Market & Tech Reports  Updated at: 2025/09/19

nt, and Niigata Plant); former Showa 2: (Gotemba No. 1 Plant and Gotemba No. 2 Plant) Americas 4 (former Showa 4 (U.S. (Ohio) 2, Canada, Mexico)) China 3 (former Hitachi AMS (Chongqing); former Showa 2 (Guangzhou, Wuhan)) Asia 7 (former Hitachi AMS (Thailand); former Showa 6 (Thailand 2, Indonesia, Vietnam 2, India)  KYB Corporation (KYB) Click here to see recent developments. Overview In February 2022, KYB Corporation (KYB) decided to w...

Market & Tech Reports  Updated at: 2025/09/18

ailand 50,079 47,662 5.1% 149,501 144,271 3.6% 302,694 308,027 -1.7% Indonesia 57,760 74,615 -22.6% 169,577 194,770 -12.9% 374,740 410,020 -8.6% Malaysia 54,832 58,142 -5.7% 185,786 188,296 -1.3% 373,636 391,451 -4.6% Philippines 40,483 39,088 3.6% 113,838 116,673 -2.4% 230,912 226,279 2.0% Vietnam 31,977 26,575 20.3% 90,772 76,719 18.3% 163,021 134,884 20.9% Singapore 5,343 4,338 23.2% 15,021 12,133 23.8% 28,694 22,453 27.8% (Source...

Market & Tech Reports  Updated at: 2025/08/28

PS-related development sites (two vehicle development sites and three software development sites). Details are as follows. Vehicle development: 2 (Schwäbisch Gmünd, Germany; Shanghai, China) Software development: 3 (Hyderabad, India (from February 2022); Balewadi, India (from April 2022); Hanoi, Vietnam (from April 2022)) Construction will begin on three more sites from May 2023, for a total of eight sites (four for vehicle development and f...

Market & Tech Reports  Updated at: 2025/08/21

31.3% 42,863.9 2.3％ (Source: MarkLines - Vehicle sales volume search by EV/Model/Country/etc.) (Notes)The sales volume (shipment volume) for China are aggregate figures excluding exports.3 Nordic countries: Norway, Sweden, Finland6 ASEAN countries: Thailand, Indonesia, Malaysia, Philippines, Vietnam, Singapore4 Middle Eastern countries (Saudi Arabia, Kuwait, Oman, and UAE) are excluded because 2025 sales data is not yet available.   Loo...

Market & Tech Reports  Updated at: 2025/08/18

ht. Group 1 China, U.S.A., 8 European countries (Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands) Group 2 India, Japan, Brazil, Canada, Korea, Mexico, Russia, Turkey, Australia, Indonesia Group 3 Thailand, Saudi Arabia, Malaysia, South Africa, Argentina, Philippines, Israel, Vietnam, Chile (Source: Prepared by MarkLines based on the content of the presentation) Great Wall Motor's overseas strategy  Great Wall Motor's...

Market & Tech Reports  Updated at: 2025/08/12

Japan Manufacturing siteR&D facility Manufacturing siteR&D facility R&D facility Korea Manufacturing siteR&D facility Manufacturing site Manufacturing site Malaysia Manufacturing site Manufacturing site Thailand Manufacturing site Manufacturing site Manufacturing site Manufacturing site Vietnam Manufacturing site Americas Argentina Manufacturing site Manufacturing site Manufacturing site Manufacturing site Brazil Manufacturin...

Market & Tech Reports  Updated at: 2025/08/06