tion through weight reduction and the use of fewer parts. Gigacast is becoming more common among Chinese companies, but it has not yet become widely used among Japanese companies. In Japan, however, UBE Machinery Corporation, Ltd. (UBE Machinery) launched a 6,500-ton casting machine for Gigacast in 2023, and Ryobi, Limited (Ryobi), a die-cast products supplier that purchased the machine, is now commercializing its high-quality "high-vacuum die-ca...

Market & Tech Reports  Updated at: 2025/06/03

BEV and PHV Trends of Chinese Manufacturers BYD surpasses Tesla to become world's top seller of BEVs Summary Sales trends by BEV model Sales trends by PHV model BYD enters the Japanese PHV and mini BEV markets Global sales of BEVs (including range extender EVs) were dominated by Tesla until 2023, but BYD rapidly expanded its sales volume, putting it in competition with Tesla. By quarter, BYD has exceeded Tesla's sales volume since Q4 2024 and ha...

Market & Tech Reports  Updated at: 2025/06/02

and propane alternative fuel options   The Advanced Clean Transportation (ACT) Expo 2025 took place at the Anaheim Convention Center in Anaheim, California, U.S. from April 28 through May 1, 2025, after being hosted in Las Vegas in 2024. Compared to the last time ACT Expo was hosted in Anaheim in 2023, the 2025 exhibition spanned twice the exhibit space, with more than 500 exhibitors and partners and over 12,000 attendees. Anaheim Conven...

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

puter (integrated control) program correction EPBdrum HondaN-WGN*1 CBI (The Netherlands) 4622 12/12/2019 9,437 Development Shoe stroke setting incorrect EPB program correction Manufacturing Insufficient crimping of wiring terminal EPB brake assembly replacement DaihatsuTaft ADVICS 5266 1/19/2023 339,883 Development Insufficient cable stroke return EPB program correction EPBCenter brake IsuzuElf   5560 10/24/2024 27,129 Development Fa...

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

road conditions in real time and meet Robotaxi's all-scenario autonomous driving capabilities and safety requirements in urban areas, highways, ring roads, and harsh weather environments such as rain, snow, and fog.   Currently, there are three production models of the 7th generation Robotaxi. In 2023, Pony.ai partnered with Toyota China and GAC Toyota to develop the first 7th generation Robotaxi model based on the BZ4X. The first road trials o...

Market & Tech Reports  Updated at: 2025/05/28

its), respectively, compared to the same month last year. The results indicate that BEV sales share and growth rate continued to be strong in April.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2025 April 2024 April Y-o-Y 2024 Jan.-Apr. total 2023 Jan.-Apr. total Y-o-Y 1 Seagull BYD BEV 48 31 56.5% 154 97 59.1% 2 Model Y Tesla BEV 48 65 -25.3% 237 300 -20.9% 3 Wuling Hongguang MINI EV...

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

eving Software Defined Vehicles (SDVs) (Source: Infineon presentation materials) (Reference News) Infineon to introduce new automotive microcontroller family based on RISC-V (March 6, 2025)     RISC-V is the key to SDV realization, and through the joint venture Quintauris GmbH (established in 2023 with Infineon, Robert Bosch GmbH, NXP Semiconductors N.V., Nordic Semiconductor ASA, Qualcomm Technologies, Inc., and others, with STMicroelectro...

Market & Tech Reports  Updated at: 2025/05/22

in April. In YoY terms, themarket was down over 2%. YTD LV sales are now down 2% as well. The region is currentlyexperiencing several economic challenges. Growth has stagnated in major markets such as Germanyand France. Furthermore, consumer confidence has dropped to its lowest point since November2023, highlighting the prevailing concerns about the region's economic outlook. In Eastern Europe, the LV selling rate rose to 4.3 mn units in April. ...

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

rs, but the company is also considering flexible expansion by utilizing Mazda's resources and collaborating with partner companies.     MCF Electric Drive's motor roadmap (Source: MCF Electric Drive)   Since MCF Electric Drive was launched in November 2022, the first prototype motor in 2023 had an output density of 5 kW/kg, the prototype motor in 2024 (Gen2) had an output density of 8 kW/kg, and in 2025 (Gen3) the plan is to increase...

Market & Tech Reports  Updated at: 2025/05/20

and experiences.   Aion: Joint development with automatic driving company DiDi for Level 4 advanced automated driving Level 4 self-driving vehicle developed by GAC and DiDi   DiDi Autonomous Driving, the self-driving technology arm of DiDi, jointly announced with GAC the AIDI Plan in May 2023. The two companies have deepened their partnership, consolidating the results of a wide range of research and development efforts at their subsid...

Market & Tech Reports  Updated at: 2025/05/20

o a low-carbon society.   This report introduces the exhibits of Hon Hon Hai Technology Group (Foxconn) and Vast Power Corporation (Vast Power).   Related reports:Foxconn EV Strategy Briefing (Apr. 2025)Smart Energy Week Spring 2025 (2) BEVs, Batteries, and Chargers (Apr. 2025)Japan Mobility Show 2023: Electrification Technologies (2) (Nov. 2023)Foxconn: Transforming existing mobility with EVs (Nov. 2021)     The Hon Hai Technology Group (Fox...

Market & Tech Reports  Updated at: 2025/05/19

and outlook (Dec. 2024)Suzuki: Production capacity in India to exceed 4m units by 2030 (Mar. 2024)Bharat Mobility Global Expo 2024 (1) EVs and Passenger Vehicles in India (Mar. 2024) Investment in India: OEMs, Two-wheelers, and Suppliers (Feb. 2024)Indian OEMs Investment and Future Plans (1) (Dec. 2023)Indian passenger car sales rank third globally in 2022 (Sep. 2023)Suzuki: Expanding Capacity in India to 2.6 M units, Production of BEVs from 202...

Market & Tech Reports  Updated at: 2025/05/15

EVs (battery electric vehicles). The government also reduced excise taxes on plug-in hybrid vehicles (PHVs) and mild hybrid vehicles (MHVs). The EV sales volume in the Thai market expanded rapidly, by approximately five times the 2021 volume in 2022 and approximately seven times the 2022 volume in 2023. However, the EV sales volume in 2024 reached only 71,645 units in 2024, a decrease of 8.3% from the previous year. On the other hand, sales of h...

Market & Tech Reports  Updated at: 2025/05/12

mm wheelbase. Built on the e:N Architecture F platform, it is powered by a 68.8-kWh lithium-ion battery offering up to 500 km of range (NEDC). The 3-in-1 motor system delivers 204 PS and 310 Nm of torque, driving the front wheels. The e:N1 also includes Honda SENSING safety features.   In December 2023, Honda announced the start of e:N1 production at its Prachin Buri Plant. Initially, the model was available in Thailand in 2024 exclusively throu...

Market & Tech Reports  Updated at: 2025/05/08

recent years.   U.S. sales and import volumes by OEM group (2018-2024)   Note: Imports from Canada from 2022 onwards are unknown and are not included in the total import volume.  (Click here to download US import Sales data.) (Unit: thousands) Brand Country of origin 2018 2019 2020 2021 2022 2023 2024 ToyotaLexus Total sales volume 2,426.7 2,383.3 2,112.9 2,332.3 2,108.5 2,248.5 2,340.1 Number of imported vehicles Total number 1,335.0 ...

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

mestically produced EV "Olinia"(Source:Gobierno de México)   Vehicle sales in Mexico for the full year 2024 were approximately 1.5 million units, up 9.8% year-over-year (y/y), marking the fourth consecutive year of market expansion. However, Mexico's economy, which showed significant growth in 2023, slowed significantly in the second half of 2024, and sales growth was not as strong as the previous year.   Automakers mainly meet domestic dem...

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

from the low base in 2024, but only moderately, due to ongoing BEV sales declines and a weakening economy. Demand in 2025 is also subject to upcoming political events, such as the presidential impeachment trial.   Global Light Vehicle Sales Forecast by Country (top 10 countries)   2022 2023 2024 2025 2026 2027 Total 78,785,298 86,848,986 88,834,237 91,487,131 92,657,743 94,688,575 China 23,874,503 25,236,335 25,484...

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

hat in Asia-Pacific needs attention. The view remains that Honda Group’s global output will not recover to pre-pandemic levels within the forecast horizon, and the outlook continues to be downgraded every quarter. Global Light Vehicle Production Forecast by Group (top 10 groups)   2022 2023 2024 2025 2026 2027 Total 82,488,946 91,024,504 90,282,067 92,424,896 93,735,660 95,846,347 Toyota Group 10,562,104 11,334,548 ...

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

espectively. Since the end of last year, the sales share and growth rate of BEVs have been recovering, and we will continue to monitor future trends.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2025March 2024March Y-o-Y 2024 Jan.-Mar. total 2023 Jan.-Mar. total Y-o-Y 1 Model Y Tesla BEV 89 106 -15.8% 189 235 -19.7% 2 Model 3 Tesla BEV 53 36 47.7% 109 96 13.5% 3 Hongguang MINI EV Wul...

Market & Tech Reports  Updated at: 2025/04/25

s and regions around the world, including emerging countries, are pushing for the installation of such equipment. (In India, a bill had been submitted that would make it mandatory for passenger cars to be equipped with a total of six airbags, including side airbags and curtain airbags, from October 2023 onwards. However, the mandatory requirement has been withdrawn for now.)   The top three suppliers of airbags in the global market used to be A...

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