es vehicles in China. The F3T-B is a mid-size vehicle still under development (L/W/H dimensions are 6/2.2/3.1m in the van pictured) with 103kWh batteries, a reported payload of 3 tons (GVW 6t), and a drive motor with peak output of 115kW. Photo ③The Quester is a heavy-duty truck produced in ASEAN and targeted at emerging countries, including South Africa. Due to the demands of the destination, the 2026 model complies with Euro VI. Engine ...

Market & Tech Reports  Updated at: 2025/12/16

hicle speed follows afterwards, so they shy away from CVTs. In terms of automated gearboxes, 8- to 9-speed multistage ATs and DCTs (dual-clutch transmissions) seen at VW and other companies are the mainstream, replacing 7-speed and lower gearboxes. While AT and CVT systems are the norm in the U.S., ASEAN and India, DCTs along with ATs are mainstream in the markets of Europe and China. One reason for this is that DCTs are built based on MT archite...

Market & Tech Reports  Updated at: 2025/12/08

the density and convenience of the charging network. The government proposes expanding the number of public charging stations to 300,000 by 2030 and installing fast charging stations with outputs of 90 to 150kW on the highway network, significantly improving the convenience of long-distance travel. ASEAN   In this white paper, the Southeast Asian (ASEAN) countries selected for analysis were Singapore, Thailand, Vietnam, Malaysia, and Indonesia. ...

Market & Tech Reports  Updated at: 2025/12/02

over the next five years, with a total investment of JPY 150 billion for research and development and JPY 130 billion for capital investment. In terms of battery procurement, the company will invest a total of JPY 210 billion by 2030 to secure 15GWh, and will concentrate its management resources in ASEAN and Oceania. In Japan, no new vehicles have been launched after the EK-Cross EV in 2022, but local production of electrified vehicles in ASEAN c...

Market & Tech Reports  Updated at: 2025/12/01

ASEAN Vehicle Sales and Production Update (Q3 2025) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - September 2025 Thailand BEV sales by OEM ASEAN News Topics (Q3 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand, Malaysia and Vietnam include revisions from ...

Market & Tech Reports  Updated at: 2025/11/25

s   xEV sales  in Asia-Pacific (non-China) region in 2025 are forecast to accelerate to nearly 4 mn units, about 26% of the region’s LV sales (+22% YoY). BEVs will be the primary driver, with over 913k units expected (+61% YoY), supported by competitively priced models in markets such as India, ASEAN and Korea.    BEVs are now expected to account for roughly 19% of LV sales by 2030. Overall, xEVs are projected to represent 49% of LV sales b...

Market & Tech Reports  Updated at: 2025/11/20

nounced the establishment of a new manufacturing company, Nihon Plast Vietnam Co., Ltd., in Binh Phuc Province, Vietnam, with the aim of improving its price competitiveness and expanding production capacity for steering wheels, airbag modules and interior and exterior plastic parts in Japan and the ASEAN region. Operations at the new plant commenced in April 2020. With this, the new company is Nihon Plast’s third manufacturing company in the AS...

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

Inc." and will serve as a foothold for the company to enter the Philippine market. In addition to the existing business for motorcycles, the company will expand its business to four-wheeled vehicles in the future and strengthen its local supply organization as a manufacturing base for lamps in the ASEAN (Association of Southeast Asian Nations) region. The company is capitalized at approximately JPY 84 million. Acquisition of U.S. company HexaTec...

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

ampering its growth in advanced key technology sectors like e-mobility, ADAS, etc. India has higher logistics costs compared to other countries in Asia, such as China, Thailand, and Vietnam. Thailand and Vietnam gain wider market access through RCEP (Regional Comprehensive Economic Partnership) and ASEAN+ agreements, while India falls behind due to slower trade deals and a limited role in global agreements. MSMEs face serious challenges like capi...

Market & Tech Reports  Updated at: 2025/10/09

lting 51 Seats, seat components China Lear Dongshi TACHI-S Automotive Seating (Wuhan) Co., Ltd. Wuhan (Hubei) ● 34 (34) Lear Dongfeng Automotive Seating 51, Tachi-S (China) Co., Ltd. 34, Zhongmou Yonghua Information Consulting 15 Seats Thailand Tachi-S (Thailand) Co., Ltd. Bangkok ○ 100 ASEAN and India regional headquarters Thailand Tachi-S Automotive Seating (Thailand) Co., Ltd. Samutprakarn ● 100 Nissan Thailand, Mitsubishi Tha...

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

allocating more resources to hybrid vehicles, which have seen favorable sales globally. In the Asian market, the automaker will continue to emphasize BEV development, as competitiveness in the BEV sector remains crucial, especially in China. Competition with Chinese OEMs is also intensifying in the ASEAN market.   For 2025, it is anticipated that its global output will decrease by 5% to 3.6 mn units, with production increasing in all regions exc...

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

Civic e:HEV Accord e:HEV Prelude Concept Super EV Concept MMC   MMC（Mitsubishi Motors Corporation）is doing relatively well among Japanese manufacturers, and according to some reports, it is maintaining its plant operating rates by exporting the Xpander to neighboring ASEAN countries.   Just before GIIAS, the Destinator was announced for the first time, so it attracted much attention. Prices range from IDR 385 mill...

Market & Tech Reports  Updated at: 2025/09/19

crease in both sales and profit, with operating profit of JPY 1,213.5 billion (down 12.2% year-over-year (y/y)) on sales of JPY 21.6888 trillion (up 6.2% y/y) and an operating profit margin of 5.6%. Sales of HEVs are expanding, despite being affected by a decline in sales volume mainly in China and ASEAN countries and increased incentives for EV sales in North America.  The FY2025 outlook, as of May 2025, projected operating profit of JPY 500 bi...

Market & Tech Reports  Updated at: 2025/09/03

ASEAN Vehicle Sales and Production Update (Q2 2025) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - June 2024 Thailand BEV sales by OEM ASEAN News Topics (Q2 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand and Malaysia include revisions from past periods. ...

Market & Tech Reports  Updated at: 2025/08/28

educational purposes. For example, since electric vehicle fires are more difficult to extinguish than fires in ICE vehicles, activities are underway to ensure that special fire extinguishers are always available in the vehicles. The organization is also working with electric vehicle associations in ASEAN countries to call on the Indonesian government to adopt best practices from each country as a benchmark. Periklindo has also been explaining Tha...

Market & Tech Reports  Updated at: 2025/08/20

Global Sales Volume Analysis by Model (First Half of 2025) BEVs increase in China and ASEAN, Japanese and European OEMs struggle Summary Sales by country/region, and powertrain Sales by OEM Sales by model Future global sales trends   According to MarkLines sales volume data (62 countries, representing about 97% of total global sales), global sales volume (passenger and commercial vehicles) in the first half of 2025 increased 2.3% year over year ...

Market & Tech Reports  Updated at: 2025/08/18

f the presentation) Major markets for Chinese OEMs’ overseas expansion  The target markets for Chinese manufacturers expanding overseas with ICE passenger cars are still Eastern Europe, Central Asia, GCC countries, Australia, and Africa. Markets that offer opportunities for NEVs include the EU, ASEAN countries, and South America. The table can be scrolled left and right. Two-prong approach Mature developed markets (56% share of NEV expor...

Market & Tech Reports  Updated at: 2025/08/12

s and PHEVs Japan market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 North American market: Collaboration with Nissan to launch next-generation Nissan Leaf-based BEV Sales and production volume trends FY2024 financial results and FY2025 management targets ASEAN market: Strengthening hybrid production in Thailand The Xforce HEV had its world premiere at the Bangkok International Motor Show in March...

Market & Tech Reports  Updated at: 2025/07/30

s long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032. The automaker is reorganizing its Chinese plants to contribute more actively to its export business rather than solely serving the Chinese market. Its Indonesian plant is also increasing exports to the ASEAN market but recently discontinued the Hyundai IONIQ 5 BEV from its production roster. In Europe and North America, the group is likely to introdu...

Market & Tech Reports  Updated at: 2025/07/28

rive version) began at the PT Handal Indonesia Motor (HIM), Purwakarta plant in Indonesia in July 2025. This is XPeng's first production outside China.   As of June 2025, the company had expanded into 40 countries and regions worldwide, and will continue to expand into core regions such as Europe, ASEAN countries, the Middle East, South America, and Oceania. The plan is to reach 60 countries and regions by 2025, and to increase sales outside Chi...

Market & Tech Reports  Updated at: 2025/07/14