gth offered some relief last month, the seasonally adjusted annualised metric starkly dropped 12.3% MoM in November, leaving little hope for a rebound in the final month of the year. The weakness is being driven by lower consumer spending as a result of the markets higher financing repayment rates. Korean LV sales edged up 0.5% YoY to 146k units in November following a marked deterioration the previous month. The implications of the Chuseok natio...

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

res no components with Toyota's SORA FC bus, which is already on the market, and the drive system components are the same as those of the Erga EV. The battery for driving and regeneration is also not SORA's nickel-metal hydride, but a Li-ion battery manufactured by LGES (LG Energy Solution Ltd.) of Korea.   Although not directly related to FCVs, the string-like resin that wraps around the wheel nuts in the photo below right is a loosening preven...

Market & Tech Reports  Updated at: 2025/12/16

16.4 W/kg on the Super e platform, which will be applied to short-time fast charging and high-performance models.   5.2 Market trends and policy support  (1) Market and technology integration trends: The Asia-Pacific market is densely populated with innovative drive systems. The China, Japan and Korea regions are particularly prominent in the adoption of electric drive and electronic control systems, local manufacturing capabilities and system...

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

, but a breakthrough was achieved by improving the oil used. In 2009, the company introduced the world's first belt-type CVT7 (JF015E) with auxiliary transmission to its portfolio, which it is supplying to Nissan, Mitsubishi, Suzuki, Chrysler (now Stellantis), Renault/Renault Samsung, GM/GM Korea, and others. In 2012, JATCO began production of the one motor/two clutch CVT8 (JF018E) for FWD hybrid vehicles, and began installing it in Nissa...

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

(DPMA) for 2024. Published on May 22, 2025, it shows a sharp increase in patent applications in international battery technology. A total of 7,242 inventions were registered with effect for Germany last year, 16.6 % more than in 2023. Asia leads the field with around 4,500 applications, with South Korea (1,817) in first place with LG Energy Solution (formerly LG Chem), Samsung SDI, and SK On. With 1,112 patents, Germany ranks fourth in the count...

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

Analysis Report: Lithium-Ion Battery (Japanese, European, U.S. and Korean Markets) Each company's EV strategy and next-generation battery technology List of Suppliers Introduction I. OEM BEV and battery strategies (Overall trends) II. Trends of Major Battery Suppliers III. Simple explanation of LiB technology Japan Panasonic Energy Co., Ltd. Prime Planet Energy & Solutions, Inc. (PPES) Toyota Battery Co., Ltd. Toyota Industries Corporation AESC ...

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

omestic sales 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 ranked first, down 3.1 points from the pr...

Market & Tech Reports  Updated at: 2025/11/26

sonally adjusted annualised terms, the month shows some strength as the selling rate reached a 6-month high at 5.2 mn units/year in October. As the year nears its end, the 2025 rebound seems to have undershot expectations, with the 2025 YTD up just 4.3% despite a 7.6% contraction the year previous. Korean LV sales fell 11.3% YoY to 127k in October. The decline is mostly attributed to the Chuseok national holidays which happened to fall in October...

Market & Tech Reports  Updated at: 2025/11/21

ales  in Asia-Pacific (non-China) region in 2025 are forecast to accelerate to nearly 4 mn units, about 26% of the region’s LV sales (+22% YoY). BEVs will be the primary driver, with over 913k units expected (+61% YoY), supported by competitively priced models in markets such as India, ASEAN and Korea.    BEVs are now expected to account for roughly 19% of LV sales by 2030. Overall, xEVs are projected to represent 49% of LV sales by 2030, dr...

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

,453 Japan Toyota Group 644,658 718,452 Honda 445,813 303,637 Nissan 332,238 253,403 Mazda 36,845 39,926 Suzuki 134 125 Isuzu 144 69 Mitsubishi 0 0 Total 1,459,832 1,315,612 USA Tesla 426,623 364,474 GM Group 258,043 281,432 Ford Group 164,258 151,470 Total 848,924 797,376 Korea Hyundai-Kia  209,318 224,261 France Stellantis 37,922 25,516 Renault 7,040 14,361 Total 44,962 39,877 Other Tata Group 22,213 10,547 ...

Market & Tech Reports  Updated at: 2025/11/14

A model of a biogas refinery undergoing trial operationin the Banaskantha region   Kia Corporation (Kia) exhibited 10 types of recycled materials used in the interior parts of its PV5 electric van, which made its Japan debut at the Japan Mobility Show 2025. The PV5 has gone on sale in South Korea and is scheduled to be launched in the Japanese market in the spring of 2026. Kia PV5 Passenger (Kia press briefing at Japan Mobility Sh...

Market & Tech Reports  Updated at: 2025/11/14

ration launched in 2015 was 0.25 mm, indicating that the sheet thickness is being reduced, and the magnetic properties have been improved by adding an annealing process. Suppliers of electromagnetic steel sheets are Nippon Steel Corporation and JFE Steel Corporation in Japan, while POSCO (POSCO: S. Korea) and Baosteel (Baosteel Group: China) are used overseas. Magnets Most interior permanent magnet synchronous motors (IPMSMs) use magnets, and ...

Market & Tech Reports  Updated at: 2025/11/04

Ms have adopted a wait-and-see approach, such that vehicle transaction prices have not been cranked up, while deals coming through with trading partners are also helping to de-escalate pricing pressures moving forward. Recent agreements between the US and trade partners, including the EU, Japan and Korea, see import tariffs being set at 15%. ChinaEntering 2025, as the scrapping and renewal subsidy was extended and the price war situation changes...

Market & Tech Reports  Updated at: 2025/10/29

omestic sales 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 0.5 points fro...

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

y Key Safety Systems (KSS), and renamed as Joyson Safety Systems. Also, the industry's landscape changed dramatically with events such as the acquisition of the U.S.-based TRW Automotive by Germany's ZF in May 2015.   New entrants include Austria-based iSi Automotive GmbH, established in 1995, and Korea-based SNT Motiv Co., Ltd., originally a defense equipment manufacturer, both of which have been increasing their market shares in recent years, ...

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

Hyundai and Kia’s Electrification Strategy and Korean Market Trends GlobalData's 5-year forecast: Expanding EV production, diversifying export destinations Summary GlobalData Production Forecast: Korea’s light vehicle production to remain at around 3.7 million units by 2030 Electrification goals of the Korean government Hyundai-Kia's electrification strategy Hyundai-Kia Motor Group GM Korea Renault Korea (formerly Renault Samsung) KG Mobility...

Market & Tech Reports  Updated at: 2025/10/23

025 saw some strong momentum (despite some fluctuation in Q1 due to the Chuo Spring plant issue) though this strength has now lost steam, and selling rates are lower as a result. High vehicle loan repayment rates are pressuring consumers’ finances after the BoJ raised interest rates last year. In Korea, sales jumped 22% YoY to 157k units for September. The surge is heavily driven by the extra selling days this September due to the timing of the...

Market & Tech Reports  Updated at: 2025/10/21

s completed in February 2021. With this business transfer, Keihin's air conditioning business in Japan, Southeast Asia and North America became Mahle Behr’s business. On the other hand, in May 2021, the former Keihin's Czech and U.S. condenser businesses were transferred to Hanon Systems, a South Korean air-conditioning equipment supplier. [Business Overview] As mentioned above, Keihin was a key supplier of the Honda group, but its share of ...

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

ent with Japan on September 4, and automobile tariffs have been reduced from 27.5% to 15% since September 16. On September 24, it was announced that the tax rate for the European Union (EU) would also be reduced to 15%, with the rate to be applied retroactively to August 1. On the other hand, South Korea's negotiations on investment in the U.S. have been difficult and no agreement has yet been reached.   Mexico will reportedly raise tariffs up t...

Market & Tech Reports  Updated at: 2025/09/26

Chinese administration are beginning to crack down on. The Chinese government has outlined that it intends to continue to strengthen efforts to promote automobile consumption, which should ensure that any bumpy landing for the market from an easing in the price war will be avoided. Other Asia The Korea LV market declined by 2.6% YoY in August, bringing sales to 122k for the month. Despite this drop on a raw data basis, the selling rate remains ...

Market & Tech Reports  Updated at: 2025/09/22