Western and two are Japanese. Looking at seat assemblies for vehicles produced in Europe and the U.S., the three major European and U.S. suppliers (Lear, Adient, and Forvia SE (formerly Faurecia)), which are common to the European and U.S. markets, are the main suppliers. In contrast, Japanese and Korean OEMs and some European OEMs, such as Volkswagen (VW) are supplied by their affiliated or closely related seat suppliers. This report mainly foc...

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

laxidityX was founded in Israel in 2014 as Argus Cyber Security Ltd., an automotive cybersecurity company, and was named one of the 3 Best of Auto Startups by Fortune magazine in 2016, and in 2017 it was acquired by Continental AG. Today, PlaxidityX holds more than 80 patents, has offices in Japan, Korea, Germany, France, the United States, India, and Poland, and PlaxidityX technology is installed in more than 72 million vehicles. (Figure 26).  ...

Market & Tech Reports  Updated at: 2025/08/01

ted Auto Workers (UAW) union has also issued a statement opposing the contents of the agreement. Additionally, the United States has announced that it will impose reciprocal tariffs of 35% on Canadian products, 30% on products imported from Mexico and the EU, and 25% on products imported from South Korea, and negotiations with each country remain unpredictable. Total sales volume / share of electric vehicles and HVs in 12 major countries and 3 ...

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

economy in the coming years. FranceA combination of a weakening economic outlook and recent poor vehicle market figures has led us to cut the French LV forecast, with this particularly weighted to the next few years – the average reduction in the LV market for 2025-2027 is circa 90k units/year. KoreaOur 2025-26 Korean LV sales forecast stands at 1.65 mn units (+3% YoY) in 2025 and 1.72 mn units (+4% YoY) in 2026. Our 2025 outlook remains unch...

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

most focused in North America, which accounts for over half of our 1.5mn unit cut to the latest global light vehicle production forecast for 2025. Elsewhere, exposure to the US market, combined with the adverse economic impact from the ‘tariff shock’, ensures that the key export hubs of Japan, Korea and Europe account for the bulk of the remaining full-year LV production forecast downgrade. In contrast, China's LV production outlook remains ...

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

mparison to the sales a year ago. However, in March, sales struggled once again due to vehicle supply issues (because of an accident at a plant that is a major supplier to Toyota/Daihatsu/Suzuki). With the recent results being underwhelming, the outlook for Japan is somewhat more limited this year. Korea’s LV market growth improved to 6% YoY in June as strong delivery of local models (+7% YoY) led overall market recovery. Hyundai and Kia report...

Market & Tech Reports  Updated at: 2025/07/22

of growth has slowed.   This breakdown shows a trade-off between growth in North America and a decline in Europe, especially in Germany, resulting in the increase in China alone contributing to the overall increase. *11 major countries: China, USA, Japan, India, Germany, France, Brazil, UK, South Korea, Canada, Italy Comparison of BEV sales actuals in 14 countries in 2023 vs. 2024 Country 2024 2023 Difference Japan 40,230 68,459 -28,229 58....

Market & Tech Reports  Updated at: 2025/07/08

s service ･ From August 2023･ From April 2023･ Permit for driverless, service soon･ From March 2025 USA testing: CA DMV ･ Safety driver: 2018-2024; 1.156 M Miles･ Driverless: 2021; 9,000+ Miles ･ Highest of all Chinese companies･ Lost driverless permit Other testing areas ･ S. Korea, Saudi Arabia, UAE, Luxembourg ･ Plans for future expansion Source: Pony AI Data; Compilation: Egil Juliussen, May 2025   In April 2025,...

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

hich aims to cut costs by EUR 400 million per year, is scheduled to be spun off into a separate company in September 2025. 10 11 Lear Corporation 23,306 23,467 ・Sales in the E-Systems segment increased 2.8% y/y. Construction of a new plant has begun in China, and Kyungshin Lear, a JV with South Korea's Kyungshin Corporation, opened a new plant in Mexico. 11 12 Huayu Automotive Systems Co., Ltd. 22,280 22,652 ・In 2024, the proportion of sa...

Market & Tech Reports  Updated at: 2025/07/02

h account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see April report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of global electric vehicle s...

Market & Tech Reports  Updated at: 2025/06/25

of China, the US, and Western Europe. China and the US saw positive growth in LV sales while sales in Western Europe continued to decline due to prevailing economic headwinds. Albeit sales in the US are beginning to slow as the industry pulls back on incentives. In other markets, sales in Japan and Korea remain robust, while in Argentina, sales experienced another month of rapid growth, up over 50% YoY. North America US Light Veh...

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

tion sites for exhaust system components 16 former Calsonic locations Japan 3: Gunma Plant, Marelli Kyushu Corporation, Nisshin Kogyo Co., Ltd. (34% stake) Europe 1: U.K. Americas 3: U.S., Mexico, Brazil China 5: Guangzhou 2, Wuhan, Dalian, Yangyang Taiwan 1: Taoyuan City Asia 3: Thailand 2, South Korea 16 Marelli Europe locations Europe 7: Italy 2, Poland, Spain, Germany, Türkiye, Serbia Americas 4: Mexico, Brazil 2, Argentina China 2: Chan...

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

ched Chinese Honri’s Boma electric MPV in Indonesia. This launch marked UTOMOCORP’s entry into the automobile market. According to UTOMOCORP, Honri will produce its vehicles at a new plant in Tangerang, Banten, near Jakarta, in the future. UTOMOCORP intends to complete the plant in 2025. KGM (Korea) + Pindad (Indonesia) On May 13, 2025, Korea’s KG Mobility (KGM) announced the signing of a Head of Agreement (HOA) with PT Pindad, Indonesia...

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

0 4,254 4,648   Currently, batteries for NEVs worldwide are mainly supplied by CATL, BYD, and LG Energy Solutions. Due to the constraints of the U.S. Inflation-Reduction Act (IRA), LG is expected to develop and exceed the growth rate of CATL in the future.   At present, China, Japan, and South Korea are the leading manufacturing countries of batteries for NEVs. The explosive demand for NEVs in the U.S. has attracted attention as an investmen...

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

company sold TMD Friction Group S.A. (headquartered in Luxembourg), a long-established European friction material manufacturer, which became a subsidiary in November 2011. Manufacturing related: Production sites: 1 in Japan, 4 via overseas companies (1 in the U.S., 1 in Thailand, 1 in India, 1 in Korea), 10 overseas sites (1 in the Americas, 3 in China, 1 in Thailand, 4 in India, 1 in Korea) Japan: Tatebayashi Office (Gunma Prefecture) Nisshi...

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

h account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see March report Click here to see How to search EV/HV/PHV/FCV data   12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand   3 Nordic countries: Norway, Sweden, Finland   These 15 countries account for about 90% of global electric vehicle s...

Market & Tech Reports  Updated at: 2025/05/26

780 vehicles in 2024, led by Sealion 6 DM-I (February 6, 2025) https://www.marklines.com/en/news/321531 PEZA – BuCor’s new ecozone in Palawan, Philippines to attract high-value industries including EV production (February 4, 2025) https://www.marklines.com/en/news/321391 PEZA:  LCS EMON, South Korea to assembly e-mobilities in Batangas, Philippines (February 4, 2025) https://www.marklines.com/en/news/321390 Isuzu leads Philippines’ truck m...

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

ease to 5.4 mn units, up44% from March 2025. As the negative impact of an accident at the plant of Chuo Spring (which ledto recent weak sales figures) has been solved, Daihatsu and Suzuki vehicle supply has normalized inApril. Additionally, OEMs are solving back orders by increasing vehicle supply. Korean LV sales maintained growth momentum on a SAAR basis, with PVs driving topline sales.April's raw data showed LV sales expanding 7% YoY, improvin...

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

ight © Hyundai Connected Mobility) Hyundai Pleos (ICA Summit 2025 organized by InLinum/slide: Copyright © Hyundai Connected Mobility)   The main focus will be on the introduction of V2X technology, with V2I and V2V on the one hand and V2H and V2G, starting in the Netherlands, on the other. In Korea, Hyundai Motor Group has recently introduced its software brand Pleos.The name "Pleos" comes from the Greek word "pleo" (meaning "more") combine...

Market & Tech Reports  Updated at: 2025/05/16

ly to the price of the vehicle minus the USD 5,000 value of the U.S. parts.   For exports from Mexico to the U.S., USMCA-compliant items will remain tariff-free for the time being. (As of end of April, 2025)  In addition, a 27.5% tariff will be imposed on passenger cars exported from Japan, South Korea, Europe, and other countries to the United States.   Additional tariffs announced related to automobiles and auto parts Item USMCA MFN Artic...

Market & Tech Reports  Updated at: 2025/05/02