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

– Q1 sales appeared to be extremely robust, especially in March. However, the impact of the tariffs is likely to be felt in the second half of the year. Our initial outlook suggests that sales could be around 200k units lower in 2025 as a result of the tariffs, with an even larger impact in 2026.KoreaOur 2025-26 Korean LV sales forecast stands at 1.65 mn units (+3% YoY) in 2025 and 1.74 mn units (+6% YoY) in 2026. We now anticipate that volume...

Market & Tech Reports  Updated at: 2025/04/30

ccount for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see February 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: 2025/04/25

of the ongoing spin-off of the Passive Safety Systems Division within the ZF Group, the division was renamed ZF LIFETEC in March 2024, and the business will continue under the German entity, ZF Airbag Germany GmbH.   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 mainly supply products for the Volkswagen Group.   Thus, ...

Market & Tech Reports  Updated at: 2025/04/24

vehicle has a by-wire drive system, it can basically be operated under automatic control from the infrastructure side without modifying the vehicle. (Source: Macnica presentation materials)   The autonomous driving devices that Macnica will provide in collaboration with Seoul Robotics of South Korea will be installed on the ground rather than on board the vehicle. The vehicle can basically operate autonomously without any modifications, but ...

Market & Tech Reports  Updated at: 2025/04/18

March, the selling rate continued its decline MoM, falling to 3.8 mn units, down 24% from January. This sharp drop can partly be attributed to another disruption to vehicle supply, which was caused by an accident at the plant of Chuo Spring, one of the major suppliers of Toyota/Daihatsu/Suzuki. The Korean LV market is trending upwards, with the selling rate having improved MoM from the start of the year. In YTD terms, the LV market is up 2.5%, th...

Market & Tech Reports  Updated at: 2025/04/18

arines Propulsion Plant) St. Catharines, Ont., Canada DCT assemblies Battery packs (AT end) General Motors Silao Plant Guanajuato, Mexico AT assemblies (6- and 8-speed ATs), AT components General Motors San Luis Potosi Plant San Luis Potosi, Mexico AT assemblies (6-speed AT), AT components GM Korea, Boryeong Plant Pontoon Bridge, Boryeong City, South Korea AT assemblies, AT components Ford Motor Company Ford Motor Company, Livonia Transmi...

Market & Tech Reports  Updated at: 2025/04/15

nd heat-resistant packagingExhibit of heat-resistant packaging   LBHunet Co., Ltd.: Vanadium-ion battery Vanadium-ion battery exhibitExplanation of the structure and raw materials of vanadium-ion batteryVanadium-ion battery cell and monoblock   STANDARD ENERGY, based in Daejeon, South Korea, exhibited vanadium-ion batteries (VIB) at the booth of LBHunet Co., Ltd., its distributor for the Japanese market.   Vanadium-ion batteries ar...

Market & Tech Reports  Updated at: 2025/04/08

orm Beyond Vehicle) markets, the company aims to achieve annual sales of 4.3 million units by 2030.   Related reports:Bharat Mobility Global Expo 2025: BEVs in India (Feb. 2025)Los Angeles Auto Show 2024: HMI in the U.S. Market (Jan. 2025)Hyundai Motor Group’s Communication Technology (Nov. 2024)Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup (Jul. 2024)HMI Comparison of 6 BEV Models - Major C-segment SUVs (Mar. 20...

Market & Tech Reports  Updated at: 2025/04/07

account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see January 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: 2025/03/26

of the Toyota Tsusho Corporation Group, exhibited at the booth of JFE Container Co., Ltd., displaying an air-cooled fuel cell module and a prototype fuel cell racing kart.   The air-cooled FC modules exhibited by NEXTY Electronics is a product of its clients Doosan Mobility Innovation Co., Ltd. (Korea) and Spectronik Pte Ltd (Singapore), and were developed for use in drones, but the company is considering expanding its applications. Doosan Mo...

Market & Tech Reports  Updated at: 2025/03/21