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

: Although the company’s manufacturing sites for exhaust system components are located only in Japan, to satisfy the needs associated with globalization, Crefact Corporation has partners all over the world, including technical alliances and technical assistance, including Taiwan and countries in ASEAN such as Thailand, Malaysia, and Indonesia, and is proactively developing a track record in China. The company is also actively accumulating expe...

Market & Tech Reports  Updated at: 2025/06/19

units. GAIKINDO has set the 2025 sales target at 900,000 units, up 4% from the previous year.   GAC Aion’s Aion V(launched in November 2024, compact electric SUV) Indonesia's vehicle production, sales and exports(Source: Created by MarkLines based on GAIKINDO's data)   Related reports:ASEAN Vehicle Sales and Production Update (Q1 2025) (May. 2025)Indonesia International Motor Show 2025 (IIMS 2025) (Mar. 2025)ASEAN (2) Increase in Ch...

Market & Tech Reports  Updated at: 2025/06/13

DVICS Manufacturing Indonesia Karawang ⬤ Brake systems and brake parts Thailand Siam Aisin Co., Ltd. Simahaphot, Prachinburi ⬤ 97 Toyota Tsusho (Thailand) Co., Ltd. 3 Brake parts, Timing chain cases, Door frames ADVICS Asia Pacific Co., Ltd. Simahaphot, Prachinburi 〇 100 (ADVICS) 100 ASEAN Regional Headquarters ADVICS Manufacturing (Thailand) Co., Ltd. Chonburi ⬤ Aisin Chemical (Thailand) Co., Ltd. Amphur Bankhai, Rayong ...

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

ASEAN Vehicle Sales and Production Update (Q1 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 - March 2025 Thailand BEV sales by OEM ASEAN News Topics (Q1 2025)   * An updated version of this ASEAN report will be released every quarter.  * Thailand's sales from January to March 2025 include an adjusted value of -...

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

rified vehicles (xEVs), including EVs, PHVs, and HVs, was 207,646, expanding the share of electric vehicles in total vehicle sales volume from 20.7% in 2023 to 32.7% in 2024. Chinese OEMs have been taking advantage of the Thai government's support for the spread of EVs and the 0% tariffs under the ASEAN-China Free Trade Agreement (ACFTA) to import and sell EVs. In addition, in response to the recent increase in demand for hybrid vehicles in the ...

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

ing a 44.8% growth YoY. The event attracted 1,601,011 visitors, a number comparable to that of the 45th BIMS.   The 47th Bangkok International Motor Show is scheduled to take place from March 25 to April 5, 2026.  Related reports: Bangkok International Motor Show 2025 (1) Chinese OEMs (Apr. 2025)ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailan...

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

ns and 2,562 motorcycle reservations, with car bookings alone showing a 44.8% growth YoY. The event attracted 1,601,011 visitors, a number comparable to that of the 45th BIMS.   The 47th Bangkok International Motor Show is scheduled to take place from March 25 to April 5, 2026.   Related reports: ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailan...

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

Honda Booth Yamaha Booth View of the 52nd Tokyo Motorcycle Show 2025   Related Reports:Bharat Mobility Global Expo 2025: Electric Two-wheeler OEMs (Mar. 2025) Bharat Mobility Global Expo 2025: Major Two-wheeler OEMs (Mar. 2025) Global Motorcycle Production and Sales: India, China, and ASEAN Overview (Sep. 2024) Tokyo Motorcycle Show 2024: Electric Motorcycles and Parts (Apr. 2024)   This report covers the exhibits of four compan...

Market & Tech Reports  Updated at: 2025/04/15

sites Japan, Aisin has three plants in the U.S., one in Thailand, and four in China. North America: AISIN Texas Corporation, opened in September 2019, is responsible for RWD 10-speed production. In addition, Aisin Drivetrain Inc. in Crothersville, Indiana has been expanded twice, in 2018 and 2021. ASEAN: In the fall of 2017, the company opened a new plant in Thailand (Chonburi) for the manufacturing of automatic transmissions: AW (Thailand) Co.,...

Market & Tech Reports  Updated at: 2025/04/15

’s Trends and Outlook as follows:   Trends: The group is reorganizing its Chinese plants to contribute more actively to its export business rather than serving the Chinese market. Its Indonesian plant, which recently launched another BEV—the Hyundai Kona—is also doubling down on exports to the ASEAN market. In Europe and North America, the group is likely to add more hybrid models to better respond to market demand.   Outlook: It is still...

Market & Tech Reports  Updated at: 2025/04/07

g of its production bases. In February 2025, the company announced that it would invest THB 5 billion in the Rayong and Chonburi plants in Thailand, which it operates jointly with Ford. With this investment, the company intends to strengthen these plants as export bases, mainly for the Japanese and ASEAN markets, and expand its product lineup in the Thai market.   Summary of THB 5 billion investment in Thailand Strengthening production in Tha...

Market & Tech Reports  Updated at: 2025/04/01

dicting each company's direction for the year. Chinese EV manufacturers have been entering the Indonesian market one after another, making their presence felt at IIMS in February and GIIAS in August last year, and this was another opportunity to confirm their market entry momentum. Related reports:ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024ASEAN (2) Increase in Chi...

Market & Tech Reports  Updated at: 2025/03/31

o Booth of River Mobility   Related reports: Bharat Mobility Global Expo 2025: Major Two-wheeler OEMs (Mar. 2025) Electric Two-wheelers in India (3) 78 companies (Oct. 2024) Electric Two-wheelers in India (2) Major start-ups (Sep. 2024) Global Motorcycle Production and Sales: India, China, and ASEAN Overview (Sep. 2024) Electric Two-wheelers in India (1) Policies and Market Overview (Jul. 2024) Indian two-wheeler production and plant capaci...

Market & Tech Reports  Updated at: 2025/03/13

moda E5” compact electric SUV. In November 2024, the first Omoda E5 rolled off the production line. Production began at a fully-funded CKD plant in June 2024. The first model, the Jaecoo J7, has rolled off the assembly line. The plant is located in the Shah Alam Industrial Zone and the first in ASEAN to produce the Jaecoo J7, a high-end off-road SUV. By establishing the plant, 500 new jobs were created. In December 2024, the first Jaecoo C9 r...

Market & Tech Reports  Updated at: 2025/03/07

t category. Honda Motorcycle and Scooter India booth Launch of new bikes of Hero MotoCorp   Related reports:Electric Two-wheelers in India (3) 78 companies (Oct. 2024) Electric Two-wheelers in India (2) Major start-ups (Sep. 2024) Global Motorcycle Production and Sales: India, China, and ASEAN Overview (Sep. 2024) Electric Two-wheelers in India (1) Policies and Market Overview (Jul. 2024) Indian two-wheeler production and plant capaci...

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

ASEAN Vehicle Sales and Production Update (Q4 2024) 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 - December 2024 Thailand BEV sales by OEM ASEAN News Topics (Q4 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Thailand International Motor Expo 2024 (2) Japanese OEM...

Market & Tech Reports  Updated at: 2025/02/25

50 In July 2024, the Rayong NEV plant started production of the Dolphin BEV and PHV variants. The plant is expected to invest USD 490 million, create 10,000 jobs, and manufacture over 40% of its components locally. Products will be supplied domestically and internationally as well as to neighboring ASEAN countries. Indonesia - 150 The plant is located in the Subang Smartporitan smart city in Subang, West Java, with a site area of over 108 hecta...

Market & Tech Reports  Updated at: 2025/02/18