ly small, some have shown remarkable growth in recent years. For example, vehicle sales in Argentina reached 552,000 units in 2025, up 46.7% year-over-year (y/y), while Colombia and Peru saw growth of 26.8% and 25.1%, respectively. (Units) The table can be scrolled left and right. 2020 2021 2022 2023 2024 2025 y/y change Brazil 2,058,315 2,119,554 2,104,143 2,308,140 2,634,514 2,689,179 2.1% Argentina 337,857 370,782 397,002 404,881 3...

Market & Tech Reports  Updated at: 2026/04/08

e projection of the government. The performance of the electric two-wheeler segment over the last few years is as follows. Sales of Electric two-wheeler in India The table can be scrolled left and right. Fiscal year Sales YoY Change FY 2020-21 44,803 66.9% FY 2021-22 252,642 463.9% FY 2022-23 780,160 208.8% FY 2023-24 1,032,560 32.4% FY 2024-25 1,210,965 17.3% (Source: Created by MarkLines based on various press releases, Va...

Market & Tech Reports  Updated at: 2026/04/08

roduced in France and other countries in Europe. In October 2024, Valeo Group announced an expansion of its partnership with TotalEnergies SE at the Paris Motor Show 2024. The two companies have been working together on the joint development of immersion cooling solutions (liquid dielectrics) since 2022, and are currently conducting field tests to verify their performance during ultra-fast charging. In July 2024, Valeo sold its Thermal Commercial...

Market & Tech Reports  Updated at: 2026/03/30

olume Data for China) *Sales volumes (shipments) in China exclude export volumes.*REEV is included in the PHEV figures*Excludes commercial vehicles and includes estimated data.   New vehicle sales in February fell 34.1% y/y (down 31.9% m/m) to 953,000 units. This marks the first time since April 2022 that monthly sales have fallen below 1 million units. xEV sales totaled 504,000 units.   According to an analysis by the China Association of Au...

Market & Tech Reports  Updated at: 2026/03/27

time in a year as sales totaled 70k units down 8.2% YoY. After a record-breaking 2025 where sales exceeded 1 mn units, the Turkish PV market is seeing signs of a potential stabilization in sales. China China’s PV sales sank 32.5% YoY to 975k units in February, the lowest PV topline since April 2022, and the third lowest since 2018. YTD, this leaves the opening two months of PV sales down 24.9% YoY. On a selling rate basis, things looked brig...

Market & Tech Reports  Updated at: 2026/03/24

m used, are also being applied in high-end cars such as the Ford Mustang and GM Chevrolet Corvette Stingray. It is also noteworthy that the pads are adopted at the same time as the calipers. ＜Electric vehicles＞ Tesla's U.S.-produced models, from the 2014 Model S to the Model X, Model 3, and 2022 Model Y, use a combination of Brembo for the front, South Korea's HL Mando EPB for the rear, and Hella Pagid pads. Legend: r: rotor c: calipe...

Market & Tech Reports  Updated at: 2026/03/24

tches (air conditioning, lighting, etc.), door opening/closing systems AFEELA 1 HMI concept (Personalization, AI communication, cloud integration, and more)   Sony Honda Mobility (SHM), the joint venture (JV) mobility tech company established by Sony Group Corporation and Honda Motor Co., Ltd. in 2022, has been continuously exhibiting prototypes of its new AFEELA brand BEVs (battery electric vehicles) at past CES (Consumer Electronics Show) and...

Market & Tech Reports  Updated at: 2026/03/12

to those presented by Kawasaki Heavy Industries at the "Group Vision 2030/Progress Report Meeting" in December 2023. There is a separate running vehicle, which is used for public demonstration runs and in-house testing from 2024. The engine was installed in an ATV shortly before that, in September 2022, and began actual operation. In any case, the history of development is still young, and it has been announced that it will be put into practical...

Market & Tech Reports  Updated at: 2026/03/11

be used for data collection during vehicle operation. It has a maximum of 32 channels, a built-in PC, and a touch screen, so it can be used for mobile analysis work. Exhibit of Dewetron mobile measurement system Takasago Ltd. (Takasago), which Anritsu made a consolidated subsidiary in 2022, specializes in high-voltage, high-current, high-capacity electric energy control technology and has a proven track record in products such as po...

Market & Tech Reports  Updated at: 2026/03/10

3.0 scheme, producing some 60,000 vehicles at its Rayong plant. The EV 3.0 scheme mandated that for every imported EV, one vehicle must be produced locally in 2024 and 1.5 vehicles produced locally in 2025. BYD announced that approximately 39,000 xEVs (BEVs) were imported from China to Thailand in 2022-2023. Currently, the Rayong plant produces 4 models: the Dolphin, Atto 3, Sealion 6 DM-i, and Seal 5 DM-i. Of these, the first three models ha...

Market & Tech Reports  Updated at: 2026/03/03

4.   In addition, with the rise of more high-end and distinctive brands such as XPeng (+1,463.5%), Chinese OEMs' models in Thailand are expanding from affordable, mass-market models to vehicles in all price ranges. (Unit: units) The table can be scrolled left and right Rank Group 2020 2021 2022 2023 2024 2025 y/y change 1 Toyota 253,910 259,879 303,230 291,059 246,901 234,895 -4.9% 2 Isuzu 162,346 178,798 216,684 165,076 89,789 73,84...

Market & Tech Reports  Updated at: 2026/02/24

s contracted 18.8% YoY to 1.44 mn units in January with sales impacted markedly by the reduction in NEV purchase tax discounting, and the changes to the trade-in subsidy. The PV selling rate was estimated to be 13.7 mn units/year, down 35% on last year, with this January the lowest rate since April 2022. The collapse was led by the NEV segment which fell 23% YoY as the reduced subsidies previously targeted the segment. As the implementation of ch...

Market & Tech Reports  Updated at: 2026/02/24

land’s automotive sector, with December sales showing particularly robust growth both MoM and YoY. Vehicle production increased 8.6% YoY in December, following gains of 14.2% in October and 11.1% in November, largely driven by rising electric passenger car output, which helped offset imports from 2022–2023 under government incentive programs. For the full year, total vehicle production edged down slightly by 0.9% YoY but still exceeded the an...

Market & Tech Reports  Updated at: 2026/02/20

iving force behind this growth is not simply an expansion in scale, but rather the increasing penetration rate of New Energy Vehicles (NEVs), the expansion of exports, and the upgrading of the product matrix. (Unit: thousand units) The table can be scrolled left and right. Vehicle type 2021 2022 2023 2024 2025 y/y change Total 26,274.8 26,863.7 30,093.7 31,436.2 34,399.6 9.4% Passenger cars Total 21,481.5 23,563.3 26,062.8 27,563.0 30...

Market & Tech Reports  Updated at: 2026/02/19

h (Thai-Chinese Companies / Search Map)   In recent years, Chinese automakers have been accelerating the establishment of local production bases and the introduction of new models to the market, driven by the Thai government's EV promotion policy.   Sales volumes in Thailand were 887,000 units in 2022 and 841,000 units in 2023, but dropped significantly to 634,000 units in 2024, down 24.7% from the previous year. The Federation of Thai Industri...

Market & Tech Reports  Updated at: 2026/02/17

formed as a single unit, as an automotive technology to which Megacast and Gigacast technologies are applied. This survey uses patent and utility model information published after 2020.   The number of those applications filed was low in 2020, but increased in 2021, with a significant increase in 2022. Although the figures for 2023 and 2024 remain high, they are slightly lower than those for 2022. Looking at the number of applications filed by ...

Market & Tech Reports  Updated at: 2026/02/12

ds in electrified vehicle (BEVs, PHVs, FCVs) exports from China (by Chinese OEMs) (Source: MarkLines -  Export volumes from China as of end-January 2026) Trends in electrified vehicle exports from China (by Chinese OEMs) (Unit: 1,000 units) The table can be scrolled left and right. OEM 2022 2023 2024 2025 y/y change BYD Co., Ltd. (BYD) 56 243 417 1,010 142.1% Zhejiang Geely Holding Group Co., Ltd. (Geely) 12 91 69 212 206.3% SA...

Market & Tech Reports  Updated at: 2026/02/09

eck kritisiert VWs Elektro-Strategie. Online: https://www.spiegel.de/wirtschaft/unternehmen/robert-habeck-kritisiert-elektro-strategie-von-volkswagen-a-1266084.html, access: October 7, 2025[5] FEV Consulting; Assembly times comparison ICE and BE, Online: https://downloads.regulations.gov/EPA-HQ-OAR-2022-0829-0460/content.pdf,access: October 12, 2025[6] China Daily (ed.): Xiaomi powers EV growth through smart manufacturing, Online:https://govt.chi...

Market & Tech Reports  Updated at: 2026/02/05

Grand Vitara and Invicto in India. Looking ahead, we expect output to reach 4.0 mn units by 2032, including the same Toyota-related volumes. This implies a modest 3% CAGR over 2025-32. Global Light Vehicle Production Forecast by Group (top 10 groups) The table can be scrolled left and right. 2022 2023 2024 2025 2026 2027 Total 82,520,530 90,921,888 90,407,422 93,353,878 95,032,238 95,376,946 Toyota Group 10,563,004 11,334,961 10,528,65...

Market & Tech Reports  Updated at: 2026/01/30

ket’s lacklustre performance toward the end of 2025. Overall, we continue to expect the Italian LV market to contract in 2025, with volumes down 2.1% YoY, falling to 1.7 mn units.   Global Light Vehicle Sales Forecast by Country (top 10 countries) The table can be scrolled left and right. 2022 2023 2024 2025 2026 2027 Total 78,782,627 86,847,703 88,773,650 92,135,741 93,740,506 93,596,587 China 23,874,383 25,236,335 25,483,303 27,28...

Market & Tech Reports  Updated at: 2026/01/30