la GmbH & Co. KGaA (FORVIA Hella) announced the completion of the sale of their 50/50 joint venture, Behr-Hella Thermocontrol (BHTC), to AUO Corporation. Headquartered in Lipppstadt, Germany, BHTC is a leading supplier of climate control and HMI (Human-Machine-Interface) system solutions. In August 2023, Mahle held in Munich the world premiere of its new battery cooling plate at IAA Mobility 2023 in Munich, Germany, September 4 to September 10. T...

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

Requirements and schedule of the EU Battery Regulation Businesses subject to the EU Battery Regulation Latest developments and future prospects of EU Battery Regulation - Notified Body certification status   The European Battery Regulation (EU Battery Regulation), which came into effect in August 2023, is a stringent regulation that requires manufacturers to meet sustainability requirements across the entire lifecycle—from raw material procur...

Market & Tech Reports  Updated at: 2026/03/25

lipers and pads are being applied in vehicles such as Porsche, Bentley Continental, Volvo Cars Polestar 1, Audi RS4, and SEAT of the VW Group. For rotors, Brembo has established Brembo SGL Carbon Ceramic Brakes to market carbon ceramic discs as a differentiated product for high-end applications. In 2023, carbon ceramic discs were adopted by the Ferrari 812 Superfast and the Porsche 911 Carrera. Since pads for regular cast iron rotors cannot be us...

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

oduced in 2025. Sales volume of Japanese BEV models in 2025 The table can be scrolled left and right. Model name OEM 2025Sales volume(1,000 units) y/y change Release date bZ3X Toyota 82 - March 2025 Nissan N7 Nissan 48 - April 2025 bZ5 Toyota 17 - May 2025 bZ3 Toyota 16 -70.4% March 2023 Venucia VX6 Venucia/Nissan 11 -0.7% November 2023 Honda P7 Honda 5 - April 2025 Lingxi L Honda 4 349.2% September 2024 Ye S7 Honda 3 - Ma...

Market & Tech Reports  Updated at: 2026/03/17

rgy Vehicle Industry Development Plan (2021-2035). Since then, a series of industrial policies related to intelligent connected cars and automotive software have been launched, taking into consideration industry management and safety standards. Below is a summary of relevant policies for the period 2023-2025. The table can be scrolled left and right. 2023 Notice Concerning the Introduction of Intelligent Connected Cars and the Deployment of...

Market & Tech Reports  Updated at: 2026/03/16

Co., Ltd. (Yamaha) also exhibited a hydrogen minibike, but the engine was not disclosed, so it is omitted from this report. Kawasaki hydrogen engine vehicle Suzuki's hydrogen engine Burgman HySE specializes in basic research on small hydrogen engines, and started its activities in May 2023 with the approval of the Japanese Ministry of Economy, Trade and Industry (METI). The member companies are categorized as: (1) Full Members (four...

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

he automotive industry has a responsibility to continuously improve the efficiency of existing internal combustion and hybrid technologies. Regional Market Dynamics Highlight the Need for Diversity Market trends further demonstrate that a uniform electrification strategy is unrealistic: China: In 2023, hybrid vehicle sales grew by 100% year-on-year, outperforming BEVs Brazil: Approximately 80% of new vehicle sales are flex-fuel vehicles Europe:...

Market & Tech Reports  Updated at: 2026/03/06

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 have ob...

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

C Technology Joint Laboratory" in 2020. Power modules   Leadrive Technology (Shanghai) was founded in 2017 and has just under 1,000 employees (in 2025), with a Japan office scheduled to open in February 2026.   Mass production of the first-generation inverter began in 2020, followed in 2023 by the second-generation dual-motor controller with over 43kVA/L, and the third-generation inverter for two-motor use with over 62kVA/L in 2024, ...

Market & Tech Reports  Updated at: 2026/02/26

  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 73,840 -1...

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

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 annual ta...

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

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 30,103....

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

/ 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 Industries (FTI) cites high househ...

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

cting attention as a flagship model that demonstrates BYD's technological capabilities. We will investigate (partially disassemble) the interior parts of the vehicle and takes a close look at the sensory expression and design ingenuity.   The Yangwang U8 was launched in the Chinese market in April 2023. It was also exhibited at the Japan Mobility Show that year. The four wheels are driven by four independent electric motors, giving the vehicle p...

Market & Tech Reports  Updated at: 2026/02/13

a distributed winding with round wires, and the inverter uses a SiC MOSFET power module developed by ITRI and supports 800V systems.   The 95kW type of EDM-S is used in China Motor Corporation's small trucks (Mitsubishi Motors Minicab for Asia), with production of 1,500 units per year starting in 2023. EDM-S 150kW 3-in-1 e-AxleMotorEDM-S specifications EDM-L 15kW 3-in-1 e-AxleEDM-L specifications Nittoku: Ceramic motor   Nittoku Co...

Market & Tech Reports  Updated at: 2026/02/13

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 the top ten companies, Great Wa...

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

lable for vehicles equipped with Huawei's autonomous driving and on-board systems.• Many OEMs are offering significant discounts or zero-interest loans. Europe Major countries Germany• A new EV purchase subsidy system will be reintroduced from January 2026 (it ended temporarily at the end of 2023). Subsidies of up to EUR 6,000 are available for BEVs as well as PHVs and EREVs that meet certain conditions. The budget is approximately EUR 3 b...

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

・collision, 8 water-level & 1 smoke detectors・Privacy promise: User data only stored locally in car Tensor Company Overview・Tensor, formerly AutoX, HQ: San Jose, California・Production in 2H 2026; VinFast, Vietnam is production partner・China AutoX (foreign company) operation closed around 2023・Goods delivery: California 2018-2020; China: 2020-2023・$300M VC; Andreessen Horowitz, Sequoia, Former Tesla execs Lucid-Nuro-Uber Robotax...

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

’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 27,288,5...

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

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 10,528,652 11,...

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