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

racoustic (Thailand) Suspension parts for vehicles Taiwan/China Minchi Industrial (Thailand) Plastic components for vehicle interior parts and trim Thailand Alexon Automotive parts Profender Suspension system parts Salom Electric (Thailand) Electric vehicle chargers Thailand/Japan Daishin Asia Pacific Automotive plastic floor mats Thai Seat Belt Automotive seat belts Thailand/Japan/China/Others Kunimitsu Carbon (Thailand) Automotive...

Market & Tech Reports  Updated at: 2026/02/17

ery (27,033 units), Leapmotor (14,523 units), SAIC Motor Passenger Vehicle (13,071 units), SAIC-GM-Wuling (11,097 units), Dongfeng Motor Corporation (6,745 units), Great Wall Motor (6,102 units), Changan Auto (4,952 units), Spotlight Automotive (3,713 units), Changan Mazda (3,391 units), Volvo Cars Asia-Pacific (3,316 units), XPeng (3,204 units), Polestar (2,758 units), Seres Auto (Hubei) (2,108 units), smart (1,665 units), BAW (1,530 units), IM ...

Market & Tech Reports  Updated at: 2026/02/13

del showing the inverter and motor components. The motor is a distributed winding with round wires, and the inverter uses a SiC MOSFET power module developed by ITRI and supports 800V systems.   The 95kW type of EDM-S is used in China Motor Corporation's small trucks (Mitsubishi Motors Minicab for Asia), with production of 1,500 units per year starting in 2023. EDM-S 150kW 3-in-1 e-AxleMotorEDM-S specifications EDM-L 15kW 3-in-1 e-AxleED...

Market & Tech Reports  Updated at: 2026/02/13

me. Market share in 2025 is 29.3% for Chinese OEMs, 24.0% for Japanese OEMs, 19.2% for European OEMs, and 14.9% for U.S. OEMs.   In addition to expanding their domestic market, Chinese OEMs are accelerating their overseas expansion, particularly into emerging regions (ASEAN, Latin America, Central Asia, Africa, etc.), and are also actively promoting local production. Trends of global sales volume share(Source: MarkLines - Sales volume dat...

Market & Tech Reports  Updated at: 2026/02/09

oY, putting the market on course for the best result of the decade, even beating the pre-pandemic 2019 result.-Over one million units have been added to the expectations of global sales for both 2025 and 2026, from three months ago. While there is some improvement in market conditions in Europe and Asia, the bulk of the reason for greater optimism relates to the North American market, where incoming actual data has exceeded expectations. The mark...

Market & Tech Reports  Updated at: 2026/01/30

e disruption at Novelis and Nexperia. Toyota GroupIn 2025, Toyota Group’s global output is expected to increase by 7% YoY to 11 mn units. 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. The automaker’s production is projected to peak in 2025 before stabilizing ...

Market & Tech Reports  Updated at: 2026/01/30

urth largest exporter in CY 2024, only behind China, Germany, and Japan. India is a major producer of entry-level motorcycles and scooters, which is reflected in its export focus.   Most Indian two-wheelers are exported to developing and emerging economies, with Africa, Latin America, SAARC (South Asia), and ASEAN countries being the main import markets. In CY 2024, Mexico, Colombia, Nigeria, Guatemala, Nepal, Brazil, the Philippines, Türkiye, ...

Market & Tech Reports  Updated at: 2026/01/30

campaign, customers who pre-ordered a Ford Ranger or Ford Everest online were able to personalize their vehicle’s wrap straight from the factory using high-quality TPU PPF from n-SHIELD (Nippon Paint).   Ford also showcased the Ranger Raptor AXCR, the very vehicle that had recently won the 2025 Asia Cross Country Rally (AXCR), alongside other models in its Thai lineup. Ford Ranger Raptor AXCR(Source: MotorExpo) Ford’s “My C...

Market & Tech Reports  Updated at: 2026/01/27

% expansion on 2025 with 1.6% in PV and 11.3% in the CV segment. The Chinese administration’s efforts to prop up this level of volume is not expected to last however, with sales forecast to drop to 25.80 mn units in 2028 as demand incentives wear off and the pull forward effect takes hold. Other Asia In Japan, LV sales expanded 1.9% YoY in December, reversing the market momentum following the previous five months of contraction. However, this...

Market & Tech Reports  Updated at: 2026/01/21

hnology, Equipment, and Application Conference (abbreviated SNEC H2+ 2025 Hydrogen and Fuel Cell Expo) was held at the Kerry Hotel Pudong Shanghai from October 9 to 11, 2025. The conference was co-sponsored by the Global Green Energy Industry Council (GGEIC), the New Energy Industry Association for Asia and the Pacific (NEIAAP), the Hydrogen Energy Committee of the China Renewable Energy Society (CRES), the SNEC PV, Storage & Hydrogen Energy Alli...

Market & Tech Reports  Updated at: 2026/01/21

Aion (42,140 units), Great Wall Motor (38,858 units), Dongfeng Motor Corporation (38,442 units), SAIC Motor Passenger Vehicle (38,349 units), XPeng (37,508 units), BAIC Arcfox (24,834 units), FAW Bestune (20,493 units), FAW Hongqi (17,814 units), GAC Toyota (13,999 units), Volvo Cars Asia-Pacific (13,937 units), IM Motors (11,818 units), Dongfeng Nissan (11,371 units), and BAIC BJEV (10,000 units). December and YTD new en...

Market & Tech Reports  Updated at: 2026/01/13

am.   In 2024, total motorcycle production in the world's major countries exceeded the 60 million-unit level (estimated from the statistics of each country). Global demand for motorcycles in 2024 increased by 10.0% year-over-year (y/y) to 54.32 million units (Yamaha Motor Co., Ltd. data). Sales in Asia (excluding Japan) grew 9.0% to 39.04 million units, accounting for 71.9% of total demand.   India's motorcycle production grew 11.3% y/y to 23.8...

Market & Tech Reports  Updated at: 2025/12/25