e IM Motors’ AI for Mobility strategy Internationalization: Targeting sales of over 1.2 million units outside China in 2023 and global MG sales of 1 million units in 2024 SAIC Group sales volume in China (factory shipment volume) GlobalData Sales Forecast: SAIC Group’s light vehicle sales in 2027 will be 3.02 million units   According to MarkLines data, although SAIC Motor Corporation Limited (SAIC Group)'s 2023 sales volume (factory ...

Market & Tech Reports  Updated at: 2024/03/25

UVs Tata Motors: Avinya Concept BEV, CURVV SUV concept, and CNG models Toyota: bZ4X and xEV models, Lexus RX lineup BYD: Seal with CTB technology, and the ATTO 3 Limited Edition Hyundai: Ioniq BEV lineup, and NEXO FCEV Kia: KA4 luxury RV, and Concept EV9 electric SUV MG Motor: Next-Gen Hector, and EUNIQ 7 hydrogen fuel-cell MPV Vayve Mobility: Eva solar electric car Pravaig Dynamics: Veer electric utility vehicle   India's most prestigious and...

Market & Tech Reports  Updated at: 2023/02/06

SAIC: Cultivating Global Markets, Focusing on Hydrogen Fuel Cell Vehicles MG's and Wuling's first global NEVs, SAIC GM invests CNY 70 B for EVs Summary Electrification/Connected: Promote industrialization of fuel cell vehicles and increase the proportion of NEV sales to 40% by 2025 Internationalization: China's top exporter of finished vehicles, further expanding overseas with BEV global models Own-brands: More than half of sales, focusing on bat...

Market & Tech Reports  Updated at: 2023/01/17

iers 1. Total production of lithium-ion batteries for NEVs   In 2021, Chinese lithium-ion battery production grew 143% year-over-year (y/y) to 155.42GWh, far exceeding the growth rate of battery production over the past few years and reaching a record high.   Lithium-ion battery production in 2017-2018 had a high growth rate of 30% to 63%, but the growth rate in 2019-2020 was sluggish at around 7%, seriously damaging the battery supply chain i...

Market & Tech Reports  Updated at: 2022/05/19

SAIC: Investing CNY 300 billion in smart EVs, transforming into a user-oriented high-tech company Aiming to hit carbon emissions peak by 2025 and sell 2.7 million NEVs Summary SAIC Group overview: Top among Chinese automakers in terms of NEV sales and exports Strategic Plan: Transforming into a user-oriented high-tech company with a focus on building its own brands NEV: Focusing on EVs and FCVs, NEV sales to exceed 2.7 million units by 2025 Intel...

Market & Tech Reports  Updated at: 2022/01/13

nufacturer SK InnovationBlueOvalSK Positive electrode: Passenger car NMC Commercial vehicle LFP USD 30 billion (~2025) Development and production of electrification-related products including batteries USD 1 billion (equipping Cologne Electrification Center) USD 11.4 billion (including Ford USD 7 billion) Investment in BlueOvalSK Including USD 5.8 billion for construction of 2 plants (Battery Park) in Kentucky. Including USD 5.6 billion...

Market & Tech Reports  Updated at: 2021/12/06

in Thailand, SVOLT to build battery plant in Germany   According to the announcement by the China Automobile Manufacturers Association (CAAM) on January 28, 2021, the export of finished vehicles in 2020 decreased by 13.2% year-over-year (y/y) to 1.082 million units, with an export value of USD 15.74 billion. The top 10 companies exported a total of 895,000 units. SAIC Motor Corporation Limited topped the list with 323,000 units, and Great Wall ...

Market & Tech Reports  Updated at: 2021/06/30

 The BAIC Group unveiled the RADIANCE concept model from its BEIJING brand, which focuses on new energy vehicles (NEVs). The exterior is stylish and urban, while the interior design is inspired by traditional Chinese furniture and architecture.  BAIC unveiled the production model of the BEIJING X7 PHEV, the first PHV model under the BEIJNG brand. The BMFA (Beijing Modular Functional Architecture), BAIC's global platform, is compatible with a v...

Market & Tech Reports  Updated at: 2020/11/02

of major Chinese OEMs, January through March, 2020 2020 sales plans of major Chinese automakers (after March 26)   The production volume of motor vehicles in China in the January through March 2020 period fell by 45.2% compared to the same quarter in the previous year (year-over-year, y/y), to 3.474 million units, according to the China Association of Automobile Manufacturers (CAAM). Sales volumes for the same period decreased 42.4% y/y to 3.67...

Market & Tech Reports  Updated at: 2020/05/21