CEVs by 2040, it announced downgrades to its BEV sales target by fiscal year 2030, from 2 mn units to 750k units, and reduced its BEV-related investment by JPY3 trillion ($20 billion) to JPY7 trillion ($46 billion). Global Light Vehicle Production Forecast by Group (top 10 groups)   2022 2023 2024 2025 2026 2027 Total 82,520,941 90,926,561 90,412,878 92,171,195 93,772,507 94,066,120 Toyota Group 10,563,004 11,334,855 ...

Market & Tech Reports  Updated at: 2025/10/29

n LV forecast is broadly unchanged since our last report, with a slightly weaker 2025 outlook for PVs largely offset by a better expected result for LCVs. Overall, the forecast remains one of contraction in 2025.   Global Light Vehicle Sales Forecast by Country (top 10 countries)   2022 2023 2024 2025 2026 2027 Total 78,784,043 86,849,211 88,795,139 90,993,202 92,719,431 92,809,652 China 23,874,383 25,236,335 25,483...

Market & Tech Reports  Updated at: 2025/10/29

expected to reach pre-pandemic 2019 levels over the forecast, not least because of the threat posed by low-cost Chinese BEVs. Nissan's Light Vehicle Production Forecast (GlobalData, September 2025) (Units) The table can be scrolled left and right. COUNTRY GLOBAL MAKE LOCAL MAKE 2022 2023 2024 2025 2026 2027 2028 Nissan Nissan Nissan 3,104,281 3,457,617 3,228,451 3,070,238 3,102,129 3,106,402 2,899,200 Infiniti Infiniti 77,725 ...

Market & Tech Reports  Updated at: 2025/10/27

charging and battery swap stations. Germany   New vehicle sales in September were 236,000 units, reflecting an increase 12.8% y/y (up 13.7% m/m).   Sales volume in September 2024 was low due to a backlash from last-minute demand following the abolition of the EV environmental bonus at the end of 2023, and there was one more business day in September this year than last year. Additionally, the effects of the new incentives for EVs announced in ...

Market & Tech Reports  Updated at: 2025/10/27

ssenger cars produced from January 2022 onwards will be required to be equipped with passenger airbags as well. Furthermore, 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six airbags, including side airbags and curtain airbags, from October 2023 onwards, but these proposals have now been withdrawn. On the other hand, with the introduction of the new vehicle safety assessment system, Bhara...

Market & Tech Reports  Updated at: 2025/10/27

Munich Motor Show) is the successor to the Frankfurt International Motor Show and has been held since 2021. Approximately 750 companies from 37 countries exhibited at this year's event. The number of visitors exceeded 500,000, reflecting a 13% increase over the previous record number of visitors in 2023. The number of exhibitors also increased by 17% compared to 2023, with 57% of the exhibitors coming from outside Germany. As in previous years, t...

Market & Tech Reports  Updated at: 2025/10/24

he automaker is also likely to enhance the H-K E-GMP platform to support its future ZEV projects for emerging markets and low-cost models. Korean light vehicle sales forecast (GlobalData, August 2025) The table can be scrolled left and right. (units) SALES GROUP GLOBAL MAKE LOCAL MAKE 2022 2023 2024 2025 2026 2027 2028 Total 3,721,490 4,211,152 4,095,126 3,959,122 3,720,461 3,687,532 3,694,677 Hyundai Group Hyundai Hyundai 1,493,305 ...

Market & Tech Reports  Updated at: 2025/10/23

ional ADB (image) Bottom: High-performance ADB (image) Koito Manufacturing Co., Ltd. (Koito) As mentioned above, Koito is a pioneer of ADB systems in the Japanese market. In 2019, the company announced the development of BladeScan® ADB, which has been successfully applied. At the 2023 Japan Mobility Show, Koito announced the development of a high-definition ADB, and the company is proceeding with development with the aim of app...

Market & Tech Reports  Updated at: 2025/10/20

ighted on a global platform the importance of mobility, sustainable development, and technological innovations. Approximately 750 companies from 37 countries exhibited, and the number of visitors exceeded 500,000. As for exhibiting companies from China, the number of exhibitors increased from 75 in 2023 to approximately 100 this year. The exhibits covered a wide range of areas, including Chinese OEMs, drive batteries, electric drives, intelligent...

Market & Tech Reports  Updated at: 2025/10/16

new fast charger for Japan and a normal charger under development.   ABB, which operates a charging infrastructure business in 109 countries around the world, has many examples of its fast chargers being adopted outside Japan, but its NACS standard product was adopted in North America starting in 2023, with Japan being the first country in the Asia-Pacific region to adopt it.   The new Terra 184 JN (CHAdeMO + NACS specification) is a 2-arm mod...

Market & Tech Reports  Updated at: 2025/10/15

tsubishi Heavy Industries Thermal Systems Japan Climate Systems   Domestic car sales in Japan in 2024 were affected by Daihatsu's suspension of sales due to certification fraud, and were 4,415,000 units for mini- and non-mini vehicles, reflecting a decrease of 359,000 units, or 7.5%, compared to 2023. The proportion of sales of electrified vehicles (BEV, PHEV, and HEV) among this Japan domestic total increased slightly to 53.6%. The shift to e...

Market & Tech Reports  Updated at: 2025/10/07

fraud lawsuit against Musk and his former CFO, alleging that Musk's past statements about full FSD technology were exaggerated and profiteering. This could have an immeasurable impact on Tesla's business.   Musk announced a " Master Plan Part Ⅲ. Long-term plan to phase out fossil fuels" in March 2023. Musk's vision was to promote the use of heat pumps, industrial high-temperature processing and green hydrogen, followed by the electrification o...

Market & Tech Reports  Updated at: 2025/10/01

e company is moving from "in Europe, for Europe" to "of Europe," creating a complete ecosystem covering materials production, battery manufacturing, remanufacturing, and recycling.   Currently, CATL's production facilities in Europe include the Thuringia plant in Germany, which began production in 2023; the Debrecen plant in Hungary, which is scheduled to begin operations in early 2026; and the Zaragoza plant in Spain, which was built jointly wi...

Market & Tech Reports  Updated at: 2025/09/29

al Zhejiang Co., Ltd., is beginning to show results, as it has been approved by the Chinese authorities in October 2022 and is moving forward to win new orders. In addition, Tachi-S established a joint venture in November 2022 to expand into the Indian market. (Details to follow.)   In fiscal year 2023, Toyota Boshoku strengthened its production and sales functions for seat frame mechanism parts by acquiring two of Aisin Corporation's overseas s...

Market & Tech Reports  Updated at: 2025/09/27

mn units, with production increasing in all regions except for Asia-Pacific and North America. While the drop in North America does not look serious for now (-2.4%), that in Asia-Pacific needs attention. In 2025, volumes in China are expected to drop by 24% YoY to 649k units, which is about half of 2023 actuals. (GlobalData, Q2 2025) China, Japan, Asia   According to GlobalData, the view remains that Honda Group’s global output will n...

Market & Tech Reports  Updated at: 2025/09/26

y Honda Elesys), but Furukawa Electric Co., Ltd. has become the main supplier for Daihatsu, with Continental AG as the new supplier for Honda's new ZR-V SUV launched in November 2022, and Panasonic Automotive Systems Co., Ltd. as the new supplier for Mitsubishi's Outlander PHEV launched in December 2023 with a minor model change. In-house production is also progressing behind the scenes, and in addition to Astemo and KYB, whose products have been...

Market & Tech Reports  Updated at: 2025/09/18

n of emerging EV brands in China, focusing on monthly sales trends through July 2025, and analyzes the products and sales strategies of the electrified vehicle (xEV) brands showing particularly notable growth: XPeng, Leapmotor, and Xiaomi. Sales trends of emerging Chinese EV brands in China (2023-2025) Through the first half of 2024   In the Chinese market, where NEVs (New Energy Vehicles: BEVs, PHVs, FCVs) continue to gain prominence...

Market & Tech Reports  Updated at: 2025/09/17

y, with 59,000 units, up 16.3% from the same period last year. Spain was the market with the highest sales growth, with sales of 58,000 units, up 99.8% y/y. Chinese OEMs' sales volume in Europe by country (Units: thousands) The table can be scrolled left and right. Ranking Country 2023 2024 Jan-Jun 2023 Jan-Jun 2024 Jan-Jun 2025 Jan-Jun 2025 y/y change 1 Russia 595 1,003 194 458 315 -31.1% 2 United Kingdom 154 179 74 85 124 ...

Market & Tech Reports  Updated at: 2025/09/16

each company, Toyota Motor Corporation (Toyota), Honda Motor Co., Ltd. (Honda), and Sumitomo Wiring Systems, Ltd. (Sumitomo Wiring) in that order, filed the most applications. From 2020 to 2022, the top six companies in terms of patent filings continued to file large numbers of applications, but in 2023, the number of applications filed by all of these companies decreased. By development subject, the most common are "OTA update optimization syste...

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

els. This technology not only enables high-precision ADB and high-performance glare-free high beams, but also enables projecting markings on road surfaces. For example, on a highway or a narrow construction site, the lane in which the vehicle should travel can be projected onto the road surface. In 2023, the product was adopted as an option on the Porsche Cayenne. Marelli h-Digi® microLED   The LED module individually controls 19,200 pixels. Ba...

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