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

with Chery Automobile Co., Ltd. (Chery) unveiling a new brand and the emerging EV company Guangzhou Xiaopeng Motors Technology Co., Ltd. (XPeng) exhibiting for the first time. GAC unveiled the Aion UT, which is CKD-assembled in Indonesia. Japanese automakers are not as active as they once were, and Korea's Hyundai Motor Company (Hyundai) is being heavily affected by the onslaught of Chinese automakers.    The three brands exhibiting for the fir...

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

for automobiles has been in operation since 1989, and in lighting products, the company produces headlamps and rear lamps. In April 2018, the company was acquired by and is now part of the LG Group. In December 2019, LG's rear lamp business was integrated into the ZKW Group and ZKW Lighting Systems Korea Co., Ltd. was established. The plant that LG operated in Ningbo was also taken over by ZKW. Sales In the fiscal year ended December 31, 2024,...

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

pressure must be high enough to overcome this. (Source: Prepared based on the content of presentation No. 009) Technical field Presenting party Presentation No. / No. in Proceedings Abridged contents Engine for testing 2024 Annual Congress (Spring) Inspection Hyundai Motor Company, KAIST (Korea Advanced Institute of Science & Technology) 046 Hydrogen tank inspection / accumulated damage monitoring --- Engine performance AVL (AVL List ...

Market & Tech Reports  Updated at: 2025/09/01

lier incentives in Vietnam, targeting 500,000 vehicle production by 2027 (June 10, 2025)https://www.marklines.com/en/news/327782 Mitsubishi DST Concept 7-seater C-SUV unveiled in Vietnam (June 9, 2025)https://www.marklines.com/en/news/327688 Kim Long Motor begins e-bus exports from Vietnam to South Korea (June 4, 2025)https://www.marklines.com/en/news/327457 VinFast secures investment certificate for large-scale EV factory in Ha Tinh (May 22, 202...

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

nologies from over 40 global companies and startups. The Karnataka Pavilion showcased local innovation, reinforcing the state's position as a leading tech hub.   The Global Investors Meet featured 19 country partners and 9 country pavilions. Countries that set up dedicated pavilions included South Korea, Italy, the Netherlands, Japan, Thailand, and Taiwan. Other partner countries included Australia, the United Kingdom, France, Norway, and Israel...

Market & Tech Reports  Updated at: 2025/08/27

oints y/y. Cumulative HV sales for the 2025 January to July period increased 17.8% y/y to 3.178 million units, accounting for 8.6% of total vehicle sales volume.   Regarding additional U.S tariffs on the automobile sector, progress has been made in reaching agreements with the EU, Japan, and South Korea but there are many uncertainties regarding their implementation. For the UK, which reached an agreement with the U.S. earlier, it took about a m...

Market & Tech Reports  Updated at: 2025/08/26

tem suppliers of power steering for passenger cars and light-duty commercial vehicles in the U.S. and European markets are the four Western companies mentioned above (Bosch, Nexteer, ZF, thyssenkrupp), the by-wire system supplier Schaeffler AG, the three Japanese companies (JTEKT, NSK, Astemo), the Korean company HL Mando Corporation, and additionally to the line-up, the Chinese supplier China Automotive Systems, Inc. whose products have begun to...

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

by the selling rate posting a 1.7% MoM increase for LVs, reaching 4.5 mn units/year for July. The Japanese market recovery has been duller than expected due to supply issues, but this month’s selling rate expansion offers some optimism. Nonetheless the outlook remains challenging for the YTG. In Korea, LV sales expanded 6.4% YoY, with the PV segment leading the gains. PV sales grew nearly 8% YoY, while the LCV segment contracted. The Korean ma...

Market & Tech Reports  Updated at: 2025/08/20

. Of these, the first group comprises 62.9% of the market, the second group 23.6%, and the third 5.4%. The table can be scrolled left and right. 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,...

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

(Class C) 〇 〇 2022 73,724 32,521 Spain Palencia 2 Captur SUV(Class B) 〇 〇 2021 65,230 33,631 Spain Valladolid 3 Clio B 〇 2020 57,727 32,561 Türkiye Bursa 4 Dacia Duster SUV(Class C) 〇 〇 2024 44,238 47,986 Romania Mioveni 5 Arkana SUV(Class C) 〇 〇 2021 44,008 13,389 South Korea Busan 6 Dacia Jogger MPV 〇 2023 22,474 10,339 Romania/Morocco Mioveni/Tangier 7 Espace SUV(Class D) 〇 2023 18,480 8,756 Spain Palencia...

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

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

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

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

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