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Mitsubishi Motors: Strengthening HEVs in Thailand, Foxconn supplying BEVs
usiness Plan: Shift from the aggressive launch of BEVs to the enhancement of HEVs and PHEVs Japan market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 North American market: Collaboration with Nissan to launch next-generation Nissan Leaf-based BEV Sales and production volume trends FY2024 financial results and FY2025 management targets ASEAN market: Strengthening hybrid production in Thailand The Xf...
Market & Tech Reports Updated at: 2025/07/30
Global Top 10 Countries Sales Forecast (Q2 2025)
Global Top 10 Countries Sales Forecast (Q2 2025) Global sales to increase 1.3% to 89.9M units in 2025, downward revision from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle sales are forecast to increase by 1.3% YoY to 89.9 mn.-The latest update to the Global Light Vehicle (LV) market forecast h...
Market & Tech Reports Updated at: 2025/07/28
Mexico (2) Production and exports affected by U.S. tariff concerns
Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...
Market & Tech Reports Updated at: 2025/07/11
Vienna Motor Symposium 2025 (2) Reaching zero carbon mobility emission
Vienna Motor Symposium 2025 (2) Reaching zero carbon mobility emission Closing plenary session: PHINIA, ZF and VW presentations Summary Sustainable Future Fuels – PHINIA’s Strategy to Support Automotive Decarbonization (PHINIA Inc.) Innovation as the Engine of Transformation: Shaping an Emission-Free Future (ZF Group) Volkswagen in Transition – from “Käfer” to SDV (Volkswagen AG) Official logo (46th International Vienna Motor Sy...
Market & Tech Reports Updated at: 2025/07/08
Indonesia: BYD, GAC Aion and VinFast set up EV plants
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
Analysis Report: Brake (Japanese Market)
Analysis Report: Brake (Japanese Market) AEBS / Compliance with enhanced regulations such as preventing pedal misapplication List of brake suppliers I. Introduction II. Recent trends in brake technology III. Overview of major brake suppliers and their products IV. Overview of global facilities of brake suppliers V. Sales comparison of major brake component suppliers VI. Major brake component suppliers, their customers, and equipped Japanese produ...
Market & Tech Reports Updated at: 2025/05/29
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (April 2025)
and all other powertrains) This report presents new car sales volumes (MarkLines aggregate data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Not...
Market & Tech Reports Updated at: 2025/05/26
Suzuki's Global Sales Exceed 3 Million Units, 4.2 Million Target for FY2030
Suzuki's Global Sales Exceed 3 Million Units, 4.2 Million Target for FY2030 Launch of e VITARA in India, increasing electric and CNG vehicles Summary New mid-term management plan, "By Your Side", for FY2025-2030 Major trends toward the introduction of electric and CNG vehicles Technology trends: Strengthening CNG business with a focus on carbon neutrality Indian market: Record high sales in 2024; Expanding sales lineup focusing on SUVs Japanese m...
Market & Tech Reports Updated at: 2025/05/15
Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs
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
Global Top 10 Countries Sales Forecast (Q1 2025)
Global Top 10 Countries Sales Forecast (Q1 2025) Global sales to increase 3.0% to 91.5M in 2025, 1.3% to 92.7M in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle sales are forecast to increase by 3.0% YoY to 91.5 mn.-This update does not take account of the US tariffs that are being brought in as the Trump ad...
Market & Tech Reports Updated at: 2025/04/30
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (March 2025)
and all other powertrains) This report presents new car sales volumes (MarkLines aggregate data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Not...
Market & Tech Reports Updated at: 2025/04/25
Hyundai and Kia: Expanding HEV/EV models, strengthening US business
Hyundai and Kia: Expanding HEV/EV models, strengthening US business Hyundai strengthening HEV & hydrogen strategy, Kia pursuing EV & PBV market strategy Summary Hyundai Motor Group global sales volume Hyundai Group production sites (after 2024) Hyundai's mid- to long-term plan: Strengthening development of HEVs and EREVs, expanding to 21 EV models Kia's mid- to long-term plan: Investing KRW 38 trillion over 5 years in electrification, PBV, and SD...
Market & Tech Reports Updated at: 2025/04/07
Mazda: BEV Transition to Progress in Stages
Mazda: BEV Transition to Progress in Stages Expanding the CX series of large models; developing NEVs with Changan Automobile Summary Announced Lean Asset Strategy Plans for the introduction of electrified vehicles Battery procurement: Partnership with Panasonic Energy Mid-Term Management Plan: Phased advancement of BEV conversion Production and sales in the U.S. Performance outlook for FY2024 (ending March 2025) GlobalData sales forecast: Mazda t...
Market & Tech Reports Updated at: 2025/04/01
Changan Auto: Targeting Sales of 5 Million Units in 2030
on units and exports of 1 million units in 2025 Electrification: Installation of solid-state batteries in 2030, deepening partnership with CATL Intelligent: Achieving L3 autonomous driving capability by 2026, deepening partnership with Huawei Changan Auto Group’s sales volume in China (ex-works) GlobalData Sales Forecast: Changan Auto Group’s light vehicle sales in 2028 will be 1.85 million units According to MarkLines data, Chongqing Cha...
Market & Tech Reports Updated at: 2025/03/12
Chery: Jump in NEV Sales; Promoting Intelligent Technology
billion, jumping to second in passenger car sales in China Core Technology: Shift from electrification to intelligent vehicles; accelerating AI Overseas Trends: No. 1 in passenger car exports for 22 consecutive years, building a plant in Spain Chery Group's sales volume in China (factory shipments) GlobalData Sales Forecast: Chery Group to Sell 2.45 Million Light Vehicles in 2028 Chery Group's representative NEV models(Source: Chery officia...
Market & Tech Reports Updated at: 2025/03/07
U.S. Market: New Vehicle Sales Recover, BEV Expansion Slows
expansion slows GM maintains top position among OEM groups OEMs announce revisions to electrification and investment plans Actively exploring new partnership strategies EV supply chain is being built and restructured New Trump Administration signals major policy shift on tariffs and energy policies GlobalData Production Forecast: Light vehicle production in the US will be 10.8 million U.S. sales share of electric vehicles U.S. auto s...
Market & Tech Reports Updated at: 2025/02/21
BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion
capabilities for electrification and smart vehicles Manufacturing sites: Expanded to Southeast Asia, Europe, South America, and other regions Overseas trends: Overseas passenger car sales reach 417,000 units in 2024 Business situation: Sales have increased significantly, and the number of employees globally exceeds 1 million BYD’s sales volumes in China (factory shipments) GlobalData Sales Forecast: BYD’s light vehicle sales in 2027 will be 5...
Market & Tech Reports Updated at: 2025/02/18
China Automotive Semiconductor Development Trends
China Automotive Semiconductor Development Trends From FAW Group, Dongfeng Motor, and Chery presentations Summary FAW Group : Current Status and Development Needs of the Automotive Semiconductor Industry Dongfeng Motor Corporation: Development Trends of E-Drive Systems and Power Semiconductors Chery : Semiconductor Ecosystem Development Trends for Intelligent Cars World Automotive Chip Innovation Conference(Source: WACIC) The 2024 Wor...
Market & Tech Reports Updated at: 2025/02/18
VW Group: Partnership with Rivian and XPeng for SDV Development
VW Group: Partnership with Rivian and XPeng for SDV Development Production capacity cut by 734,000 units and 35,000 jobs cut in Germany Summary BEV architecture mid-term strategy E/E architecture and software; Partnership with Rivian and X Peng Chinese business: Intelligent Connected Vehicles (ICV) Restructuring of plants in Germany: Production capacity reduction of 734,000 units, employment reduction of 35,000 employees Jan-Sep 2024 results: Pre...
Market & Tech Reports Updated at: 2025/02/10
Global Top 10 Countries Sales Forecast (Q4 2024)
Global Top 10 Countries Sales Forecast (Q4 2024) Global sales to increase 2.0% to 88.6M in 2024, 2.5% to 90.8M in 2025 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q4 2024, global light vehicle sales are forecast to increase by 2.0% YoY to 88.6 mn.-The outlook for the global LV market remains that of an upward trajectory over the next few y...
Market & Tech Reports Updated at: 2025/01/31