uction forecasts against our prior Q2 view. Toyota GroupIn 2025, we expect Toyota Group’s global output to increase by 4.7% YoY to 11 mn units. While output in Europe remains unfavorable, reflecting the current market situation, volumes in other regions will maintain stable growth, especially in Asia-Pacific and North America. The group’s production is currently projected to peak in 2025, before stabilizing at around 10 mn units in the mediu...

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

SUV at the plant. Production of the Nissan D-SUV is now expected to begin in January 2028, with the Infiniti D-SUV following in May 2028. Both models are likely to be BEVs, although there remains some fluidity in the direction that Nissan will ultimately take regarding the powertrain. China, Japan, Asia   In a strategic move to enhance its production capacity in China, Nissan has entered into a partnership with Dongfeng Motor Group to establish ...

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

cept for Nissan (excluding OEM minicars), but with Ashimori Industry becoming a subsidiary, the company expects to expand sales to Ashimori Industry's major customers Mazda and Suzuki in the future. To satisfy Toyota's overseas production requirements, the company has secured manufacturing sites in Asia, North America, Eastern Europe and South Africa. The company has also shifted its cushion sewing operations to its sites in China and Southeast A...

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

in the latter half of the decade, with BEVs emerging as the predominant xEV technology.  Hyundai Group We now expect Hyundai Group’s global production to decline slightly by 1% in 2025. Its long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032.  In the Asia-Pacific region, the Kia Seltos, Hyundai Creta, and Hyundai Elantra/Avante are expected to be the top production models through 2032.  Productio...

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

in incentive programme will now run through 2026. This means more consumers will pull forward purchasing decisions into late 2026, from of later years, though there is no explicit news on the end date of its support. At this stage, 2027 looks set to see a significant slowdown in market pace. Other Asia Japan’s September sales fell 2.3% YoY to 420k units, which leaves Q3’s YoY growth at -4%. H1 2025 saw some strong momentum (despite some flu...

Market & Tech Reports  Updated at: 2025/10/21

ing the "light" of LiDAR sensors to its product lineup, Koito will create new value in the next-generation mobility society where ADAS and autonomous driving will become widespread. Company Profile Koito is a global supplier, supplying five major regions (Japan, the Americas, Europe, China, and Asia) with manufacturing sites in Japan and 12 other countries around the world. Japan: The company has four sites of its own in Shizuoka Prefecture ...

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

sh a sales network of 300 companies by 2030 and will achieve delivery times of four weeks through local production. The new service network will enable service coverage in a 65km radius, down from 120km. By 2030, the company will also invest CNY 20 billion to build nine smart manufacturing sites in Asia, Africa, and other regions. The company's goal is to sell 300,000 units per year outside China. Forthing S7 REEV version   The "Forthing S7" is ...

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

pecifically, the export volumes were 69,258 units for BYD; 31,392 units for Chery; 19,287 units for Tesla China; 16,302 units for SAIC Motor Passenger Vehicle; 14,631 units for Geely; 9,889 units for Changan Auto; 7,292 units for SAIC-GM-Wuling; 6,888 units for Leapmotor; 5,165 units for Volvo Cars Asia-Pacific; 5,004 units for XPeng; 4,656 units for Spotlight Automotive; 3,635 units for Great Wall Motor; 3,577 units for Dongfeng Motor Corporatio...

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

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 model compatible with both CHAdeMO and NACS standar...

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

take a hit for Carbon tax compliance-related investments. The Indian auto component industry has limited R&D and manufacturing capabilities, which are hampering 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) a...

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

on to conventional scheduled services, the mover is to be used as an on-demand means of transport to meet the mobility needs of users.   Production of the HOLON urban is scheduled to start in the U.S. at the end of 2025, with additional production capacity to be built in Europe and the Middle East/Asia in the following years.   MOIA, a subsidiary of the Volkswagen Group, unveiled the series production version of the ID. Buzz AD, marking its rea...

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

itachi Astemo, Keihin concluded a basic agreement with Mahle Behr GmbH & Co. KG of Germany, a member of the Mahle Group, regarding the transfer of its air conditioning business, which was completed in February 2021. With this business transfer, Keihin's air conditioning business in Japan, Southeast Asia and North America became Mahle Behr’s business. On the other hand, in May 2021, the former Keihin's Czech and U.S. condenser businesses were tr...

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

floating touchscreen. The navigation app is upgraded via OTA and the system supports Apple CarPlay and Android Auto. The latest Leap OS 4.0 Plus system allows for customization of the interface.   The B10 will be marketed in over 30 countries and regions, including Europe, the Middle East, Africa, Asia Pacific, and South America. B10 Guangzhou Automobile Group Co., Ltd. (GAC) exhibited five electric vehicle models at this show and an...

Market & Tech Reports  Updated at: 2025/10/06

also using China as a manufacturing base for trim covers and sewn products for export to Japan. Tachi-S is an example of one supplier who has taken the China manufacturing base concept one step further, attempting to create a global standard for structural seat frame parts for export to the entire Asia region including Japan.   Regarding the trends to establish new and expanded production bases and open development functions in the growth marke...

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

s forecast (Q2 2025), Honda Group’s light vehicle sales will be around 3.5 million units through 2030.   Following the slowdown in the global BEV market, Honda Group recently adjusted its xEV strategy, 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. Com...

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

that the Chinese administration are beginning to crack down on. The Chinese government has outlined that it intends to continue to strengthen efforts to promote automobile consumption, which should ensure that any bumpy landing for the market from an easing in the price war will be avoided. Other Asia The Korea LV market declined by 2.6% YoY in August, bringing sales to 122k for the month. Despite this drop on a raw data basis, the selling rat...

Market & Tech Reports  Updated at: 2025/09/22

expected to become more widespread with the shift to software-defined vehicles (SDVs), will be introduced to the market by FY26, aiming to become the de facto standard. Manufacturing site activities: 17 production sites for electric power steering (Japan: 2, Americas: 3, Europe: 3, Africa: 1, Asia: 3, China: 5) Breakdown Japan 2 (Hanazono Plant, Nara Plant) Americas 3 (U.S. (Tennessee), Mexico, Argentina) Europe 3 (France 2, Czech Republi...

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

; 21,306 units for Chery; 12,942 units for Geely; 8,871 units for SAIC Motor Passenger Vehicle; 8,354 units for Changan Auto; 6,617 units for Spotlight Automotive; 6,468 units for SAIC-GM-Wuling; 6,143 units for Polestar; 5,904 units for Leapmotor; 5,311 units for Volvo Cars Asia-Pacific; 3,497 units for Great Wall Motor; 3,018 units for XPeng; 2,274 units for GAC Aion; 2,256 units for Dongfeng Motor Corporation; ...

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

l continue to manufacture and sell under their current brands. On January 31, 2022, Faurecia received regulatory approval to complete its acquisition of Hella. Faurecia acquired 79.5% of Hella's shares, including a 60% share from the managing family. On February 19, 2025, FORVIA HELLA relocated its Asian headquarters. Hella, a member of the FORVIA Group, announced that it has completed the relocation of its Asian headquarters in Minhang, Shanghai...

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

es Philippines’ first all-electric taxi service with exclusive fleet of VinFast Nerio Green (June 11, 2025)https://www.marklines.com/en/news/327841 VinFast Philippines joins CAMPI, strengthening local EV presence (June 9, 2025)https://www.marklines.com/en/news/327685 Li Auto opens first Southeast Asia flagship showroom in Philippines (May 26, 2025)https://www.marklines.com/en/news/327003 Philippine Govt. urged to lower tariffs on imported vehic...

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