firm contraction on last year’s policy-boosted topline with growth momentum lagging in the medium-term as policy support fades and growth fundamentals slow. In the longer term, increasing SAV forecasts are expected to eat into the LV demand with growth turning permanently negative by 2034. Other Asia In Japan, LV sales jumped 8.4% YoY to 369k units in April as the government discontinued the Motor Vehicle Tax. This unexpected increase led the...

Market & Tech Reports  Updated at: 2026/05/22

,087 units, while BMW Group posted 707 units. Thailand-based MINE Mobility reported 43 units. GlobalData blog GlobalData blog: Proton’s 2030 vision: Navigating its ambitious targets and strategyhttps://www.marklines.com/en/news/341049 GlobalData blog: Navigating the transition: How PHEVs fit into Asia-Pacific’s electrified vehicle markethttps://www.marklines.com/en/news/340653 ASEAN Market Report Electrified Vehicle (xEV) Sales Monthly Report...

Market & Tech Reports  Updated at: 2026/05/21

erm. Although demand in China is currently strong, this is not expected to persist, and volumes in the country could decline significantly after 2030. While output in Europe and South America remains weak, reflecting current market conditions, other regions should maintain steady growth, especially Asia-Pacific and North America, both in terms of volume and growth rate.   GlobalData assume that the top five production models—the RAV4, Corolla ...

Market & Tech Reports  Updated at: 2026/05/12

l market share for passive safety products was approximately 44% as of December 2025. Global market share by product is approximately 44% for airbags and steering wheels, and approximately 45% for seat belts. Sales by region are as follows: Americas about 33%, Europe about 30%, China about 18%, and Asia (including Japan) 19%. The company's airbags have an overwhelming market share, particularly in India, where they hold approximately 60% of the m...

Market & Tech Reports  Updated at: 2026/05/07

Cybersecurity, AD & Wireless Regulations in India & Southeast Asia Overview of the governing agencies and systems; impact on the automotive industry Introduction Overall Trends Trends in the Four Countries Comparison of Trends with Developed Countries Reference Materials   This report was created by MarkLines based on patent information from the "Technical Information Distribution Service - AI Ninja" provided by Toyota Technical Development Corp...

Market & Tech Reports  Updated at: 2026/05/07

y environment gaining momentum through 2027 and into the medium-term. Toyota GroupIn 2026, Toyota Group’s global output is expected to decrease by 4% YoY to 10.8 mn units. While output in Europe and South America is anticipated to recover after a weak performance in 2025, we forecast declines in Asia-Pacific and North America. In Asia-Pacific, volumes in Japan and China are set to fall. The favorable BEV sales seen in 2025 are unlikely to cont...

Market & Tech Reports  Updated at: 2026/04/30

e BIMS 2026 booking results displayedSource: BIMS47 press release   NIO’s high-end compact EV brand, Firefly, marked the brand’s official entry into the Thai market at the show, launching its right-hand drive (RHD) model from THB 799,000. Thailand becomes its second RHD market in Southeast Asia after Singapore, with both serving as key regional anchors.   Built on a dedicated EV platform, the subcompact hatchback delivers 143 hp and 200...

Market & Tech Reports  Updated at: 2026/04/30

ing momentum significantly lower than last year. China’s shield of diversified energy supply and large oil reserves do not leave the economy completely immune to the global energy crisis impacts either, as trading partners will be impacted, ensuring the coming months’ outlook is bleaker. Other Asia In Japan, LV sales edged down 2.0% YoY to 484k units in March, though worsened further on a selling rate perspective, with the metric dropping 1...

Market & Tech Reports  Updated at: 2026/04/21

from Leapmotor, its export volume in 2025 reached 67,000 units, accounting for approximately 11.2% of annual sales. By the end of 2025, Leapmotor International established a sales and service network of approximately 900 locations in about 40 markets, including Europe, the Middle East, Africa, and Asia Pacific. The breakdown is over 800 locations in Europe, over 50 in Asia Pacific, and over 30 in South America. Regional composition: Western Euro...

Market & Tech Reports  Updated at: 2026/04/20

strategy, JATCO plans to manufacture in China and supply products overseas. Utilizing China's low-cost supply chain is a practical approach. ZF Friedrichshafen AG Click here for the latest updates EMEA (primarily Europe) accounts for 47% of ZF’s total revenue, followed by North America at 27%, Asia at 23%, and South America at 3%. Accordingly, the product strategy will also be centered on Europe, with derivative products supplied to other re...

Market & Tech Reports  Updated at: 2026/04/17

The Battery Show Asia 2026 From the exhibits of CATL, SAIC, and others Summary Comprehensive technology exhibits of NEV batteries and materials (CATL, REPT BATTERO, BTR, COSMX) SAIC and Hongjing Drive overseas expansion of NEV commercial vehicles   The Battery Show Asia (TBSA) 2026 was held at the AsiaWorld-Expo in Hong Kong from March 10 to 12, 2026. The Battery Show Asia 2026, alongside Energy Storage Asia and Mobility Tech Asia, took center s...

Market & Tech Reports  Updated at: 2026/04/14

le in South America, small P/Us of European manufacturers are the top sellers. Japanese manufacturers primarily market mid-size P/Us globally. In recent years, Chinese brands have introduced a large number of mid-size P/Us, which are considered to target a wide range of regions, including Southeast Asia.   This report examines the current state of the P/U market and the outlook for major markets based on MarkLines' segment-by-segment and model-b...

Market & Tech Reports  Updated at: 2026/04/13

focus on strengthening its HEV lineup going forward. Country-specific strategies include expanding the model lineup and strengthening cost competitiveness to enhance operations in India, a key market with expected growth, in addition to Japan and the United States, which are major markets. In other Asian countries as well, efforts are being made to enhance competitiveness through the launch of next-generation HEVs and a review of resource allocat...

Market & Tech Reports  Updated at: 2026/03/27

e risks to the outlook, mainly if the Middle East disruption extends beyond four to six months. Looking further ahead, we see weakness in the market in 2027 and 2028 as the expectations on subsidy support ending in 2026, NEV tax discounting continues to fall off, and prices return to normal. Other Asia In Japan, LV sales fell by 3.8% YoY to 390k units in February. The PV market led the weakness with a 6.8% contraction. This leaves the market do...

Market & Tech Reports  Updated at: 2026/03/24

possible, but in 2024 decided to sell the company because it believed that more time and structural reforms would be needed to improve TMD's profitability and strengthen its competitiveness. Nisshinbo Brake Inc. is continuing its friction materials business mainly in Japan, the Americas, China, and Asia. 2) Supplier overview System suppliers   The suppliers covered in this report are divided into two general categories: system controls ...

Market & Tech Reports  Updated at: 2026/03/24

Sales volume data in China (excluding exports; March 2026 data)) Automotive sales data for China- Passenger cars by model/powertrain, factory shipments (monthly/annual)- Passenger cars and pickup trucks by model, retail registrations and imports https://www.marklines.com/en/vehicle_sales/ (see Asia/Oceania) MarkLines automotive sales data can be viewed from various perspectives.Search By Model/EV/etc. Search by country, by maker/brand, or by...

Market & Tech Reports  Updated at: 2026/03/17

units for BYD; 40,852 units for Geely; 28,304 units for Chery; 20,393 units for Tesla China; 14,138 units for SAIC Motor Passenger Vehicle; 9,769 units for Leapmotor; 9,568 units for SAIC-GM-Wuling; 8,888 units for Dongfeng Motor Corporation; 6,031 units for Changan Auto; 4,918 units for Volvo Cars Asia-Pacific; 3,978 units for smart; 3,648 units for XPeng; 3,544 units for Polestar; 1,742 units for Changan Mazda; 1,626 units for Great Wall Motor;...

Market & Tech Reports  Updated at: 2026/03/16

mic and financial constraints will continue. Toyota's sales target in Thailand for 2026 is 243,000 units, up 6.0% from the previous year, and its production plan is 634,000 units, up 12%. Exports of finished vehicles (CBU) are expected to increase 19% y/y to 425,000 units driven by higher demand in Asia and the Middle East. Honda has set a sales target of 76,000 units amidst a sales forecast of 630,000 units in the Thai market in 2026. The compan...

Market & Tech Reports  Updated at: 2026/03/03

ore areas of chassis, powertrain, and electrification. This move is not only meant to meet the ASEAN Free Trade Agreement (AFTA) tariff exemption requirement of at least 40% intra-regional Regional Value Content (RVC), but also to deploy Chinese electrification manufacturing technology to Southeast Asia.   Currently, Chinese suppliers have moved beyond the initial phase of "exclusively for Chinese vehicles" and have begun to enter the supply cha...

Market & Tech Reports  Updated at: 2026/02/24

icy changes in the new year. A modest expansion in the market is expected for 2026. Looking further ahead, we see weakness in the market in 2027 and 2028 as the expectations on subsidy support ending in 2026, NEV tax discounting continues to fall off, and prices return to more normal levels. Other Asia In Japan, LV sales dropped 2.5% YoY despite the CV segment improving 21.9%, as the PV segment fell 5.9%. In selling rate terms, the market fell ...

Market & Tech Reports  Updated at: 2026/02/24