selling rate is estimated to be 92 mn units/year, building on the improvement seen in March. In year-on-year (YoY) terms, the market saw another strong month of growth, with sales up 6% to 7.3 mn units. Both China and the US demonstrated a strong performance, YoY, while Western Europe continues to face challenges. In the US, the momentum from the pull-forward effect observed in March persisted, contributing to another impressive sales figure in ...

Market & Tech Reports  Updated at: 2025/05/21

Trumpchi Xiangwang 1 CONCEPT, a smart flagship sedan. Trumpchi Xiangwang S9 The vehicle dimensions are: Overall length 5,060mm x width 1,950mm x height 1,760mm with a wheelbase of 2,930mm. The exterior features a luxurious two-tone design. It features 21-inch wheels ispired by the moon, a closed face design, flush door handles, an integrated body and smooth body lines. In addition, the front face is equipped with a 2,210mm long LED tape light ...

Market & Tech Reports  Updated at: 2025/05/20

tion mid-size PHV sedan, the “Sealion 06 DM-i” mid-size PHV SUV, and the mid-size SUV "Sealion 06 EV”.   "Dynasty-D” full-size SUV concept model   BYD held the world premiere of the Dynasty-D full-size concept model. The "Dynasty-D" has a dragon as its design motif, and the all-new "Loong Face" front fascia was inspired by the curved eaves of a palace. The three-dimensional dragon's whisker design, which is 2.4m in length, features one ...

Market & Tech Reports  Updated at: 2025/05/14

,800. Based on the MEGA Ultra Intelligent Renewal Edition, two swivel seats have been added to accommodate 45-degree ingress and egress. Other new features include 180-degree rotating facing seats and electric sliding doors. MEGA Home Family Special Edition Seat can be rotated 180 degrees to face each other.       XPeng exhibited all of its popular models at the motor show, with the P7+ ultra-long range Max flagship version and the 2...

Market & Tech Reports  Updated at: 2025/05/09

V complexity stems from the fact that EVs require changes in consumer behavior, as the EV charging experience differs significantly from the refueling experience. Anjan Kumar described three general factors that define customer adoption: frequency, productivity and cost. He noted that EVs currently face challenges in frequency of use, where issues such as range anxiety and charging inconvenience emerge, as well as increased costs compared to ICE ...

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

ny’s vision to tackle emissions, safety, and operational efficiency—redefining what trucks can do on the road.   Industry Challenges Industry Challenges (CAR IT Symposium 2025 organized by CAR – Center Automotive Research, Duisburg; Slide: © Daimler Truck AG)   Commercial vehicles face two critical challenges: Environmental Impact: Trucks account for 7% of global CO2 emissions. Safety: In Europe 14.2% of fatal road crashes invo...

Market & Tech Reports  Updated at: 2025/04/22

● Enhanced City Lane Cruise Control (City LCC PLUS) ○ ○ ○ ○ ○ ○ City Navigation Cruise Assist (City NCA) ○ ○/- ○ ○/- ○/- ○ Navigation assistance from parking space to parking space ○ - ○ ○/- ○/- ○ Convenient experience One-tap shooting ● ● - - - - Face recognition ● ● ● - - - 4 MIC Voice control ● ● - - - - (Organized by MarkLines from each company's official website) Parts supply...

Market & Tech Reports  Updated at: 2025/04/16

chnology and SDVs, and KRW 5.7 trillion in hydrogen energy technology and strengthening its hydrogen-related business. Electrification targets By 2030, the EV lineup will be expanded to 21 models, including high volume, luxury, and high-performance models. This includes six Genesis models, with a face-lifted Genesis GV60 to be launched in 2025. In addition, an EREV (Extended Range Electrified Vehicle) system is being developed to address the sl...

Market & Tech Reports  Updated at: 2025/04/07

combustion engine) and NEV versions, the total is 16 models (up from 15 models the previous year). It is noteworthy that BYD's Qin L (ranked eighth) and the Haibao/Seal 06 (ranked seventeenth) both launched in May 2024, made the Top 20 in their first year on the market. The Qin L adopts the Dragon Face design concept, while the Haibao/Seal 06 adopts the Ocean Series design concept. Both models are equipped with BYD's fifth-generation DM-i plug-i...

Market & Tech Reports  Updated at: 2025/03/14

GlobalData European Passenger Car Sales Update (February 2025) Summary Commentary In February, the PV selling rate for Western Europe improved to 12.6 mn units/year, from 11.6 mn units/year in January. Despite the growth in selling rate, sales volumes were down 2.6% from last February. The automotive industry continues to face challenges due to a rapidly evolving geopolitical landscape. US President Donald Trump’s expected imposition of highe...

Market & Tech Reports  Updated at: 2025/03/11

s.   On February 4, the U.S. agreed to postpone its 25% tariffs on goods from Canada and Mexico for one month. On the other hand, on February 10, an order was issued to impose additional tariffs on imported steel products from all countries. With this new 10% to 50% tariff, the auto industry could face higher production costs. OEMs that procure steel from China, Japan, and Europe are expected to be particularly affected. Automakers will also be ...

Market & Tech Reports  Updated at: 2025/02/26

(2.5%), and BYD (1.8%). Chinese manufacturers are steadily increasing their presence in the Indonesian market.   According to GAIKINDO, the local car market is expected to return to normal in 2025, reaching 1 million units. This was conveyed by GAIKINDO Chairman I, who said that the industry will face the challenge of tax increases in 2025.   Philippines   According to the data shared by the Chamber of Automotive Manufacturers of the Philippi...

Market & Tech Reports  Updated at: 2025/02/25

rket improved in the wake of economic uncertainty revolving around potential Trump tariffs. In China, sales saw a slight decline — the extension of the scrapping subsidies was unavailable to half the country’s provinces before the Lunar New Year. Finally, sales in Western Europe declined in the face of increasing political and economic headwinds; however, BEV sales posted a solid improvement. North America US Light Vehicle sa...

Market & Tech Reports  Updated at: 2025/02/21

prompt updates.   Mr. Durisic concluded his presentation by summing up the benefits of SDVs for customers. The Volvo Cars ID, which is connected to Google ID, enables the seamless integration of customer preferences into the vehicles and improves the customer experience. The harmonized user interface offers users a common experience in different vehicles. The ability to use daily apps in the car, to have a good voice assistant or to customize ...

Market & Tech Reports  Updated at: 2025/02/20

ternational trade relations, which could well see some ratcheting up of tariffs between the EU and US, this will only drag on the region’s economic activity. Monetary easing should provide some support to the economy, and vehicle purchases, but we have trimmed the outlook for the PV market in the face of stronger headwinds. The latest PV selling rate for Western Europe stood at 11.6 mn units/year, in line with annual activity in the previous...

Market & Tech Reports  Updated at: 2025/02/12

ear to 2036. FranceIn this update to the French LV forecast, we have again made a downward revision to the outlook. On average over the forecast, this adjustment is around 40k per year, though this is more skewed to the near-term in view of economic and political challenges that are currently being faced, as well as the stickiness in high vehicle pricing. CanadaSales in 2024 are expected to reach 1.81 mn units, an upward revision of 40k units sin...

Market & Tech Reports  Updated at: 2025/01/31

of plug-in hybrid vehicles (PHVs) and battery electric vehicles (BEVs) were lower than the previous year. As EV sales stall outside of Japan, interest in PHVs is growing and the presence of Chinese manufacturers is increasing. Under the multi-pathway strategy, Japanese manufacturers are expected to face the challenge of expanding their electric vehicle lineups, including PHVs, and improving their competitiveness.   India   New vehicle sales in ...

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

revious months as it increased to 15.6 mn units/year. Overall, for the year, the market was up by 1% YoY with a total of 13.4 mn units sold. We expect growth to uptick in 2025 with further interest rate cuts and the release of new, more competitively priced models. Despite this, Europe continues to face numerous political and economic headwinds, especially concerning EV adoption. The LV selling rate for Eastern Europe stood at 4.5 mn units/year i...

Market & Tech Reports  Updated at: 2025/01/17

in previous months as it increased to 13.1 mn units/year. Overall, PV sales remained flat in 2024 with a total of 11.6 mn units registered. We expect growth to uptick in 2025 with further interest rate cuts and the release of new, more competitively priced models. Despite this, Europe continues to face numerous political and economic headwinds, especially concerning EV adoption. The German PV market fell 7.1% YoY in December 2024. However, this ...

Market & Tech Reports  Updated at: 2025/01/09

e Platformization Focus on new E/E architecture to raise the bar for software development platforms. It will also create an end-to-end vehicle software development ecosystem through a cloud-native tool chain. Standardization and openness Build standardized software development processes and interface definitions to facilitate the formation of a software ecosystem. Build an open technology ecosystem platform. Knowledgeization Enrich the kno...

Market & Tech Reports  Updated at: 2025/01/08