due to the uncertainty surrounding the potential implementation of tariffs announced by then-candidated Trump. Overseas production in India, Indonesia, and Thailand was also considered, but no concrete announcement has been made since then.   In terms of BEV sales, the company has lost its lead to BYD since 2022, and global BEV sales have continued to stagnate. Despite the launch of the new Model Y in July 2025 (the Chinese version of the 6-seat...

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

Japan Mobility Show 2025: BYD, Geely, and Sharp EVs BYD's mini EV and EV trucks and buses, Zeekr 009, Sharp "LDK+" Summary BYD: RACCO mini-EV prototype, T35 light-duty electric truck Geely: Premium electric MPV Zeekr 009 and commercial EV F11 VS Sharp: "LDK+" EV concept offers extended living room space   At the Japan Mobility Show 2025 (JMS 2025, organized by the Japan Automobile Manufacturers Association, Inc. (JAMA), October 29 (Wed.) - Novem...

Market & Tech Reports  Updated at: 2025/11/21

Group owns Sentient AB, a Swedish company specializing in research and development of automated driving systems for Volvo, and is making steady progress in R&D and manufacturing of automated driving system products.   The company’s domestic and international customers include Geely, Great Wall, BYD, Dongfeng, FAW, Stellantis Group, Ford, Volvo, and Nissan.   The Group established the National Automotive Intelligent Steering System Quality Su...

Market & Tech Reports  Updated at: 2025/11/18

he other hand, sales of electric vehicles were strong, with 42,178 EVs and 2,088 PHVs sold in the January-July period. In addition, the Indonesian government is moving to end its import tariff exemption system for electric vehicles at the end of 2025. GAC Aion UT   Once again this year, BYD Co., Ltd. (BYD) attracted attention, showing off a wide ranging lineup from compact models to the luxury brand Denza. In addition, Chinese OEMs co...

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

ICE to an EV, which means that the subsidy will cover everything except the cost of purchasing the battery. To qualify for subsidies, the local content rate must be at least 40%, and only Wuling and Hyundai are able to meet this requirement at this time. Kawasaki Ninja electric model   BYD and other Chinese EV manufacturers have received import tax exemptions by promising the government future domestic production. A company is requir...

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

uilding Systems divisions. In recent years, the activities of each company to reorganize their businesses in China have been conspicuous. Adient: End of joint venture with Yanfeng Automotive Trim Systems Co., Ltd. and acquisition of a subsidiary of the joint venture. Forvia SE joint venture with BYD expanded with the opening of its seventh plant and the construction of a seat assembly plant in Thailand. Magna: Acquisition of Chongqing Honglizh...

Market & Tech Reports  Updated at: 2025/08/06

[Chiller example] (photo by MarkLines) The air conditioning refrigerant system extends the refrigerant gas circuit for vehicle air conditioning to the battery for cooling. Representative examples include the Nissan Sakura, the Mitsubishi eK X (‘Cross’) EV, the Mazda MX-30, and the BYD Seal. A comparison of the above three methods is summarized in the table below. (Legend: ◎ Excellent, 〇 Good, △ neutral, × poor) ...

Market & Tech Reports  Updated at: 2025/07/08

Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

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

Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

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

egy.   Related reports:Mexico: Chinese vehicles account for 30% of imports and 20% of sales (Jun. 2024) Business Trends of Chinese Parts Suppliers in Mexico (May. 2024)Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan (Jun. 2023)Chinese OEM Overseas Expansion Activities: BYD, Geely, Great Wall, NIO, Xpeng (Apr. 2023)   Mexico's light vehicle sales and imports(Source: Created by MarkLines based on INEGI data) ...

Market & Tech Reports  Updated at: 2025/04/30

Indonesia International Motor Show 2025 (IIMS 2025) Chinese OEMs, Japanese OEMS, Hyundai, VinFast exhibits; charging network Summary Wuling: Top in local EV sales with launch of Air EV and Cloud EV BYD: Promoting the Sealion 7, local plant to start production in January 2026 GAC Aion: Aion V debut Chery: Unveiling Tiggo, Jaecoo, Omoda, and Jetour electric vehicles Geely: Re-entering the Indonesian market with CKD production of the EX5 Honri: Maki...

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

BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion 2024 sales volume 9 times higher than 2019 Summary 2024 Sales: Top in China with 4.272 million units, up 41.3% y/y; most are D-segment vehicles Product trends: Expansion of models and accelerating overseas expansion of each brand Core technologies: Promoting BEVs and PHVs, and deepening development capabilities for electrification and smart vehicles Manufacturing sites: Expanded...

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

and electric ecosystem "e For Me" Hyundai Motor India Limited (HMIL): CRETA Electric, and last-mile mobility in partnership with TVS Tata Motors: Avinya X Concept, and flex fuel engine Vinfast: Debut in India by launching VF 6 and VF 7 electric vehicles Kia India: New EV6, and Syros sub-compact SUV BYD India: Sealion 7 electric SUV, Sealion 6 PHEV, and Yangwang U8 luxury SUV Isuzu Motors: D-Max EV Concept Toyota Kirloskar Motor (TKM): Urban BEV C...

Market & Tech Reports  Updated at: 2025/02/13

he previous month, but a 13.2% increase compared to December 2023. In December, the market share of HVs was 7.2%. Cumulative sales of HVs in 2024 was 4.93 million units, an increase of 17.0% from the previous year, and their share of total automobile sales was 7.8%.   In 2024, Chinese OEMs, led by BYD, saw a significant increase in sales volumes. On the other hand, in response to the slowdown in demand for EVs in various countries, OEMs, particu...

Market & Tech Reports  Updated at: 2025/01/24

The top 10 sales by model for October 2024 are as follows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024October 2023October Y-o-Y 2024 Jan.-Oct. total 2023 Jan.-Oct. total Y-o-Y 1 Model Y Tesla BEV 82 69 17.9% 830 832 -0.2% 2 Seagull BYD BEV 54 43 24.8% 334 185 80.4% 3 Qin L BYD PHV 50 - -% 191 - -% 4 Song PLUS BYD BEV/PHV 47 40 18.5% 340 321 5.8% 5 Seal 06 BYD PHV 46 - -% 16...

Market & Tech Reports  Updated at: 2024/11/26

lows.   Electric Vehicle (BEV/PHV/FCV) - Top 10 best selling models (000 units) - Model Maker/Brand P/T 2024September 2023September Y-o-Y 2024 Jan.-Sep. total 2023 Jan.-Sep. total Y-o-Y 1 Model Y Tesla BEV 102 92 11.1% 750 763 -1.7% 2 Model 3 Tesla BEV 49 26 87.8% 307 349 -12.2% 3 Seagull BYD BEV 43 40 8.0% 280 142 97.4% 4 Qin L BYD PHV 43 - -% 141 - -% 5 Seal 06 BYD PHV 42 - -% 123 - -% 6 Song PLUS BYD BEV/PHV 37 41 -8.2% 292 281...

Market & Tech Reports  Updated at: 2024/10/28

feature reduces the perceived volume of the instrument panel and gives a cleaner impression. (Photo by MarkLines) Figure 8: Examples of a large (14-inch) center display(Left: RZ; right: Alphard) (Photo by MarkLines) Figure 9: Example of a large center display fixed with brackets(left; BYD ATTO3, right; Tesla Model Y) The meters are usually positioned to be viewed through the steering wheel, but since this position is a little too...

Market & Tech Reports  Updated at: 2024/10/25

se government. As a result, it was decided that provisional additional tariffs would be imposed from July 2024, and this was officially decided in August. The tariff rate will be a maximum of 38.1% added to the existing flat rate of 10%, depending on the level of cooperation of each OEM. (Examples: BYD +17.4%, Geely +20.0%, SAIC +38.1%, Shanghai Tesla +21.0%, BMW Brilliance iX3 +21.0%, Dongfeng Dacia 21.0%)   U.S. In April 2024, the EPA released...

Market & Tech Reports  Updated at: 2024/10/18

increased 15.2% y/y to 3.092 million units, accounting for 7.8% of total vehicle sales volume.   On August 20, the European Commission published a draft proposal for countervailing duties on Chinese-made EVs. This is on top of the current import tariff of 10%, with additional tariffs of 17.0% for BYD, 19.3% for Geely, and 36.3% for SAIC Motor. An additional tariff of 21.3% will be imposed on automakers who cooperated with the EU investigation a...

Market & Tech Reports  Updated at: 2024/09/27

Group owns Sentient AB, a Swedish company specializing in research and development of automated driving systems for Volvo, and is making steady progress in R&D and manufacturing of automated driving system products.   The company’s domestic and international customers include Geely, Great Wall, BYD, Dongfeng, FAW, Stellantis Group, Ford, Volvo, and Nissan.   The Group established the National Automotive Intelligent Steering System Quality Su...

Market & Tech Reports  Updated at: 2024/09/27