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Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows
ehicle sales in Mexico in 2024 increased 10.1% y/y to 157,689 units, marking the fourth consecutive year of sales growth, and its market share remained unchanged at 10.5%. The top-selling compact sedan, the Kia K3, began production at the Pesqueria Plant in Mexico in 2023 as the successor to the Forte, and was released for sale at the end of 2023. In 2024, it became the flagship model accounting for almost one-third of domestic Mexican sales. ...
Market & Tech Reports Updated at: 2025/04/30
Analysis Report: Airbag (U.S. and European Markets)
Continental Hyundai-Kia Hyundai Creta (Brazil) SU2 2021 Autoliv Autoliv Autoliv Hyundai-Kia Kia Telluride (USA) ON 2024 Hyundai Mobis Veoneer Hyundai-Kia Kia Sorento (USA) MQ4 2024 Autoliv Veoneer Hyundai-Kia Kia Sorento (USA) MQ4 2023 Autoliv Hyundai-Kia Kia Forte (Mexico) BD 2022 Hyundai Mobis Hyundai-Kia Kia K5 (USA) DL3 2022 Hyundai Mobis Hyundai-Kia Kia Telluride (USA) ON 2022 Hyu...
Market & Tech Reports Updated at: 2025/04/24
Analysis Report: Brake (U.S. and European Markets)
nd Electronics US Jeep Grand Cherokee (U.S.) WK 2022 R) ZFElectric parking brake Jeep Grand Cherokee L (U.S.) 2024 R) ZF Active Safety And Electronics US Jeep Wrangler (U.S.) 2024 R) ZF Active Safety And Electronics US Karma Gyesera (U.S.) 2025 F) Brembo North America Kia Forte (Mexico) 2023 Namyang Nexmo México Kia K5 (U.S.) DL3 2021 R) Hyundai MobisElectric parking brake Kia K5 (U.S.) DL3 2022 FR) Hyundai...
Market & Tech Reports Updated at: 2025/03/21
Analysis Report: Air Conditioning System (U.S. and European Markets)
(USA) 2023 Hanon Systems Hyundai Santa Fe (USA) 2022 Hanon Systems Hyundai Elantra (USA) 2022 Hanon Systems Kia Telluride (USA) 2022 Hanon Systems Kia Sportage (USA) 2023 Hanon Systems Kia K5 (USA) 2023 Hanon Systems Kia K3 (Mexico) 2024 Highly Marelli Kia Forte (Mexico) 2022 Hanon Systems Kia EV9 (USA) 2023 Hanon Systems Hanon Systems Supplier Fiscal year ended Dec. 31, 2021 Fiscal year e...
Market & Tech Reports Updated at: 2024/11/07
Analysis Report: Car Navigation System (Japan, U.S., and European Markets)
rand Cherokee L (USA) 2021 TomTom International Car navigation system Jeep Grand Wagoneer (USA) 2021 TomTom International Car navigation system Jeep Renegade (Brazil) 2022 Mitsubishi Electric Corporation Display audio Jeep Wagoneer (USA) 2021 TomTom International Car navigation system Kia Forte (Mexico) 2023 MOBIS Alabama Infotainment system Kia Rio (Mexico) 2022 Tianjin Mobis Automotive Parts Infotainment system Mercedes-Benz GLE (...
Market & Tech Reports Updated at: 2024/10/03
Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup
was halted in the period from Dec. 31, 2023 to Feb. 13, 2024 for the preparation of the production of the Ioniq 9. Jeonju 103 40 Hyundai buses and trucks, Staria.Construction of production facilities during the period from Dec. 30, 2023 to Feb. 16, 2024. Kia Corporation Hwaseong 531 558 Kia K3(Forte), K5, K8, Niro, Sorento, Mohave(Borrego), EV6.Tasman (2025-planned). Hwaseong EVO plant 100-150 (2025) - Electric PBV (Purpose Built Vehicle) ...
Market & Tech Reports Updated at: 2024/07/25
Analysis Report: Seat (U.S. and European Markets)
i Transys Inc. Seat recliners / seat frames / seat slides / seat adjusters Hyundai-Kia Hyundai Santa Fe (USA) 2021 Hyundai Transys Inc. Seats Hyundai-Kia Hyundai Santa Fe (USA) 2020 Kwang Myung Industry Second row seat armrest Hyundai-Kia Hyundai Tucson (USA) 2023 Lear Seats Hyundai-Kia Kia Forte (Mexico) 2020 Hyundai Transys Inc. Seats Hyundai-Kia Kia K3 (Mexico) 2024 Hyundai Transys Mexico Seats Hyundai-Kia Kia Rio (Mexico) 2023 Hyu...
Market & Tech Reports Updated at: 2024/07/04
Mexico: Chinese vehicles account for 30% of imports and 20% of sales
Mexico in 2023 (Source: Kia Corporation) Hyundai/Kia's production in Mexico in 2023 was down 3.4% y/y to 256,000 units. Production of the Hyundai-brand Accent compact ended in 2022, and all vehicles produced in Mexico now are under the Kia brand. The two models currently in production are the Forte compact passenger car and the K3, a new compact passenger car put into production in 2023. Production of the Rio subcompact passenger car, which...
Market & Tech Reports Updated at: 2024/06/14
Analysis Report: Exhaust System (Japanese, European and U.S. Markets)
/ Cardington Yutaka Technologies, Inc. Hyundai Hyundai Creta (Brazil) SU2 2021 BASF Hyundai Hyundai Elantra (U.S.) CN7 2023 Sejong Hyundai Hyundai Santa Cruz (U.S.) Gen-1 2022 R) Sejong Alabama Hyundai Hyundai Santa Fe (U.S.) TM 2022 Sejong Alabama Kia Kia Forte (Mexico) BD 2024 Sejong Mexico Kia Kia Telluride (U.S.) Gen-1 2023 F) Sejong Mazda Mazda CX-30 (Mexico) DM 2020 Hirotec / Hiro...
Market & Tech Reports Updated at: 2024/05/30
Analysis Report: Airbag (U.S. and European Markets)
Santa Cruz (U.S.) NX4a 2022 Autoliv Hyundai-Kia Hyundai Santa Fe (U.S.) TM 2022 Hyundai Mobis Autoliv Hyundai-Kia Hyundai Sonata (U.S.) DN8 2023 Hyundai Mobis Hyundai-Kia Hyundai Sonata (U.S.) DN8 2022 Hyundai Mobis Hyundai Mobis Hyundai Mobis Veoneer Hyundai-Kia Kia Forte (Mexico) BD 2022 Hyundai Mobis Hyundai-Kia Kia Forte (Mexico) BD 2021 Hyundai Mobis Hyundai Mobis Hyundai Mobis Hyundai Mobis Hyundai M...
Market & Tech Reports Updated at: 2024/04/25
Analysis Report: Lighting (U.S. and European Markets)
nda WR-V (Brazil) 2022 GL [ECU] Mitsubishi Electric Hyundai-Kia Hyundai Accent (Mexico) 2022 HC/YC Hyundai Mobis Hyundai IHL Hyundai IHL Hyundai-Kia Hyundai Elantra (USA) 2022 CN7 Hyundai Mobis Hyundai-Kia Hyundai Santa Fe (USA) 2022 TM [Ballast] SL Corporation Hyundai-Kia Kia Forte (Mexico) 2021 BD Hyundai Mobis Hyundai Mobis Lucid Lucid Lucid Air (USA) 2023 Gen-1 Hella (Forvia Hella) Mazda Mazda CX-30 (Mexico) 2...
Market & Tech Reports Updated at: 2024/03/28
Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity
ue, Staria, NEXO/Genesis G90, G80, G70, GV80, GV70, GV60Construction of an EV dedicated plant started in Q4 2023 and scheduled to be completed in 2025. Asan 300 219 Hyundai Grandeur (Azera), Sonata, Ioniq 6 Jeonju 103 40 Hyundai buses and trucks, Staria Kia Corporation Hwasung 531 529 Kia K3 (Forte, Cerato), K5, K8, Niro, Sorento, Mohave (Borrego), EV6, pickup truck (TK1) (2024-planned) Electric PBV dedicated plant 150(2025) - PBV (projec...
Market & Tech Reports Updated at: 2023/07/05
Analysis Report: Lighting (U.S. and European Markets)
a WR-V (Brazil) 2022 GL [ECU] Mitsubishi Electric Hyundai-Kia Hyundai Accent (Mexico) 2022 HC / YC Hyundai Mobis Hyundai IHL Hyundai IHL Hyundai-Kia Hyundai Elantra (USA) 2022 CN7 Hyundai Mobis Hyundai-Kia Hyundai Santa Fe (USA) 2022 TM [Ballast] SL Corporation Hyundai-Kia Kia Forte (Mexico) 2021 BD Hyundai Mobis Hyundai Mobis Marcopolo Marcopolo Paradiso (Brazil) 2022 G8 Hella (Forvia Hella) Mazda Mazda CX-30 (Me...
Market & Tech Reports Updated at: 2023/05/11
Analysis Report: Seat (U.S. and European Markets)
ers/seat frames/seat slides/seat adjusters Hyundai-Kia Kia Rio (Mexico) 2021 Hyundai Transys Inc. Seats Hyundai-Kia Kia Sorento (USA) 2021 Hyundai Transys Inc. Seat recliners/seat frames/seat slides/seat adjusters Hyundai-Kia Kia Sorento (USA) 2021 Hyundai Transys Inc. Seats Hyundai-Kia Kia Forte (Mexico) 2020 Hyundai Transys Inc. Seats Hyundai-Kia Kia Rio (Mexico) 2020 Hyundai Transys Mexico Seats Hyundai-Kia Kia Rio (Mexico) 2020 Hy...
Market & Tech Reports Updated at: 2023/04/27
Mexico: Investment plans for near-shoring and EV shift
st one EV model at all production sites by 2029. The company will also gradually begin EV production at its San Jose Chiapa Plant in Mexico. Hyundai/Kia's production in Mexico in 2022 was up 20.8% y/y to 265,000 units. This is the second consecutive year that production has increased. The Kia Forte, a compact passenger car mainly for export, accounts for the majority of production (52% in 2022), followed by the Rio, a subcompact passenger c...
Market & Tech Reports Updated at: 2023/04/24
Analysis Report: Airbag (U.S. and European Markets)
i-Kia Hyundai Santa Fe (USA) TM 2022 Hyundai Mobis Autoliv Hyundai-Kia Hyundai Sonata (USA) DN8 2022 Hyundai Mobis Hyundai Mobis Veoneer Hyundai-Kia Kia K5 (USA) DL3 2022 Hyundai Mobis Hyundai-Kia Hyundai Creta (Brazil) SU2 2021 Autoliv Autoliv Autoliv Hyundai-Kia Kia Forte (Mexico) BD 2021 Hyundai Mobis Hyundai Mobis Hyundai Mobis Hyundai Mobis Hyundai Mobis Hyundai-Kia Kia Sorent (USA) MQ4 2021 Hyundai Mobis ...
Market & Tech Reports Updated at: 2023/04/20
Software Series 1: SDVs Explained (1/4)
e Car". The actual image of the Apple Car has not yet been revealed, but it is likely to be a luxury EV incorporating self-driving technology. It can also be inferred that the company is trying to provide value that other companies do not have through the user interface (UI), which is the company's forte. Thus, each of the giant U.S.-based IT companies is trying to capture market share of the huge automotive market with different strategies. H...
Market & Tech Reports Updated at: 2023/04/04
Dongfeng Motor: Targeting sales of 1M each of CVs, own-brand cars, and NEVs by 2025
8 1,353 7,196 3,813 6,251 Peugeot 5008 4,061 7,007 3,599 2,655 C5 Aircross 9,779 9,963 6,356 2,583 C3-XR 2,904 9,554 802 892 C4 Aircross 477 8 2 0 Peugeot 3008 0 6 6 0 Total 50,267 100,567 40,558 56,370 (Former) Dongfeng Yueda Kia Sedan/Hatchback Pegas 36,877 38,732 18,733 7,425 Kia Forte 20,094 15,903 9,354 5,475 K3 28,719 19,925 10,053 4,504 K5 18,499 10,563 4,468 1,795 K4 Cachet 957 0 0 0 K2 1,493 0 0 0 SUV Sportage R...
Market & Tech Reports Updated at: 2022/09/01
Analysis Report: Lighting (U.S. and European Markets)
th American Lighting (NAL) Stanley Electric U.S. Hyundai-Kia Hyundai Accent (Mexico) 2022 HC/YC Hyundai Mobis Hyundai IHL Hyundai IHL Hyundai-Kia Hyundai Elantra (USA) 2020 CN7 Hyundai Mobis Hyundai-Kia Hyundai Santa Fe (USA) 2020 TM Hyundai Mobis SL Corporation Hyundai-Kia Kia Forte (Mexico) 2021 BD Hyundai Mobis Hyundai Mobis Hyundai-Kia Kia K5 (former Optima) (USA) 2020 DL3 Hyundai Mobis Hyundai Mobis Mazda Mazda...
Market & Tech Reports Updated at: 2022/07/06
Analysis Report: Seat (U.S. and European Markets)
at frames seat slides / seat adjusters Hyundai-Kia Kia Rio (Mexico) 2021 Hyundai Transys Inc. Seats Hyundai-Kia Kia Sorento (USA) 2021 Hyundai Transys Inc. Seat recliners / seat frames seat slides / seat adjusters Hyundai-Kia Kia Sorento (USA) 2021 Hyundai Transys Inc. Seats Hyundai-Kia Kia Forte (Mexico) 2020 Hyundai Transys Inc. Seats Hyundai-Kia Kia Rio (Mexico) 2020 Hyundai Transys Mexico Seating System Seats Hyundai-Kia Kia Rio (...
Market & Tech Reports Updated at: 2022/06/30