g closer cooperation, particularly in the Indian market, the Suzuki B platform is also gaining traction. (GlobalData, March 2026) Multi-Pathway Approach, BEV bZ Series   Under its “multi-pathway approach” to carbon neutrality, Toyota group continues to focus on hybrids, BEVs, and hydrogen-powered offerings such as FCEVs.   Toyota Group has deliberately moderated its transition to BEVs under a “multi-pathway” strategy, main...

Market & Tech Reports  Updated at: 2026/05/12

us driving". SAIC, Geely, and Chery have successively announced upgrade strategies related to AI, promoting integration in areas such as cockpits, autonomous driving, and chassis. BAIC's ARCFOX has started a large-scale demonstration test of L3 compliant vehicles, while Changan has obtained a test license for its L4 Robotaxi. Regarding solid-state and sodium-ion batteries, automakers such as BYD, Chery, Changan, and BAIC are accelerating their R&...

Market & Tech Reports  Updated at: 2026/05/11

Electrified Vehicle (xEV) Sales Monthly Report (March 2026) HEVs remain strong amid high fuel prices; BEVs and PHEVs see growth driven by Chinese OEMs Global electrified vehicle sales and composition by powertrain (BEV/PHEV/HEV) Trends in sales volume and share of electrified vehicles (xEVs) in major countries and new car sales trends by country Trend in sales volume of electrified vehicles (xEVs) of major OEMs About this Report   Sales o...

Market & Tech Reports  Updated at: 2026/04/27

Smart Energy Week 2026: FCVs, Fuel Cell Units, Hydrogen-related Products Honda's Gen3 fuel cell modules, Hyundai's automatic hydrogen refueling robot Summary FCVs and FC systems of OEMs (Toyota, Honda) Compact fuel cell mobility (Aisan Industry, Toyota Boshoku, Gita, KITZ) Components and parts for FC (JTEKT, Siltrax, NOK, Kawasaki Heavy Industries) Hydrogen-related equipment (Tatsuno, Suzuki Shokan, IJTT, Sunny Limited)   Smart Energy Week (Marc...

Market & Tech Reports  Updated at: 2026/04/22

to the overall decline in new car sales, the share of xEVs in Chinese domestic sales increased from the previous month to 52.9%. In addition to changes in the New Energy Vehicle (NEV) support measures starting from January and the impact of the Chinese New Year holiday in late February, excessive price reduction of BEVs and PHEVs is being restrained in response to intensive competition in the Chinese market, leading to ongoing uncertainty beyond ...

Market & Tech Reports  Updated at: 2026/03/27

Analysis of India’s Two-Wheeler Production and Manufacturing Capacity Trends among ICE Two-Wheeler Manufacturers including Hero, Honda, TVS, and Bajaj Summary Two-wheeler production/sales/export volume Production analysis by category Two-wheeler OEM production analysis Two-wheeler export analysis Hero MotoCorp Ltd. Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) TVS Motor Company (TVSM) Bajaj Auto Ltd. Royal Enfield Suzuki Motorcycle India ...

Market & Tech Reports  Updated at: 2026/01/30

Hydrogen Gets Its Opportunity in Motor Racing Summary Introduction TOYOTA GAINING EXPERIENCE ON THE RACETRACK DEMONSTRATOR VEHICLE FROM BOSCH ENGINEERING AND LIGIER SUCCESSFUL TESTBED TESTING AT AVL ROLLING PROTOTYPE FROM ALPINE WITH FOUR AND SIX CYLINDERS   This report contains a Spotlight article from Springer's automotive technical magazine "ATZ" www.atz-magazine.com. and "MTZ" www.mtz-magazine.com. Springer is a German company affiliated wi...

Market & Tech Reports  Updated at: 2026/01/07

to by MarkLines) Research trends   Research on technologies, materials, and production processes is being actively conducted to reduce the cost of drive motors and to increase their efficiency and versatility. Particular attention is being paid to cost-effectiveness improvements that lead to price reductions and improvements in energy density that lead to extended range. A major trend going forward will be the use of alternative, more sustai...

Market & Tech Reports  Updated at: 2025/12/09

gy storage system Vehicle related BEV Battery electric vehicle (vehicles clearly confirmed to be battery-powered EVs) xEV Electrified vehicle (vehicles that could not be identified as BEVs because some reports referred to electrified vehicles in general terms) HEV Hybrid electric vehicle ICE Internal combustion engine PHEV Plug-in hybrid electric vehicle PF Platform SDV Software defined vehicle ZEV Zero emission vehicle (No...

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

tion systems (software/digital data/cloud)・In-vehicle semiconductors・In-vehicle OS ・Digital intelligence research and development・Digital intelligence production・Digital intelligence equipment・Digital intelligence supply chain (software/hardware)・Digital intelligence marketing and services・Digital intelligence management・Low-carbon manufacturing (Source: Created by MarkLines based on the content of the presentation)   The ...

Market & Tech Reports  Updated at: 2025/11/27

roduced a new GST structure, effective September 22, 2025. The sub-4-meter segment saw the biggest cut, with GST reduced from 28–31% to 18% across all fuel types.   Standard vehicles, including FHEVs and PHEVs, now stand at 40%, while BEVs remain at 5%. These changes have significantly lowered prices for several ICE models, narrowing the gap with xEVs. Impact of US tariffs   US President Trump announced that the baseline tariff on imports fro...

Market & Tech Reports  Updated at: 2025/11/20

the commercial vehicle sector, Zhejiang Farizon Methanol Technology Co., Ltd., a wholly owned subsidiary of Zhejiang Geely Farizon New Energy Commercial Vehicle Group Co., Ltd., has raised more than USD 200 million in financing. The funds will be used to conduct research and development of methanol-hydrogen technology and to build an ecosystem.   In August, the company announced Flyme Auto 2, an AI smart cockpit operating system, and EVA, an AI ...

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

ch as Jing-Jin Electric Technologies Co., Ltd. (JJE), Jee Technology Co., Ltd. (JEE), and Huawei Technologies Co., Ltd. Overseas (non-Chinese) mega-suppliers:Many of them originally had design and manufacturing sites for auxiliary equipment and electrical components for internal combustion engines (ICE), and Bosch, BorgWarner, Dana, Continental, Mahle, Magna, Schaeffler, Valeo, ZF, and others are also targeting sales expansion. BorgWarner is taki...

Market & Tech Reports  Updated at: 2025/11/04

e 22.8% y/y to 1,861,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains) About this report   Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden,...

Market & Tech Reports  Updated at: 2025/10/27

h EV5, and the PV5.   GM Korea produced 494,000 vehicles in Korea in 2024, with more than 80% exported to the United States. Although domestic sales are declining, the impact on the production plan is small. There are concerns about the impact of tariff hikes by the Trump administration, but no noticeable changes have been seen yet. Annual production volume trends in the Korean market (Source: MarkLines, Korean production volume)  ...

Market & Tech Reports  Updated at: 2025/10/23

Automotive World Autumn 2025: Electrification Technologies Electric powertrains, chargers, and hydrogen-related systems Summary Electrification component-related products: HOSO Technology, SGF, Panatronic Japan, Naganuma Shoji (Sinbon) Fast and normal chargers: ABB, Fortune Electric Value, Electway, MSI, Bell Energy Battery, hydrogen, fuel cell-related: Nitto Kogyo, Kanadevia, Nitto Kohki, Niterra, Mitsui E&S Power Systems   The Automotive Worl...

Market & Tech Reports  Updated at: 2025/10/15

barriers, carbon taxes, and reliance on imports of critical materials. The impact of the GST cut on the industry was also highlighted.  There are several factors which can accelerate the industry. It includes rising domestic demand, growing export potential, and opportunities in both conventional ICE parts and emerging EV and connected mobility solutions. The government policies also boost the industry performance. Partnerships with global play...

Market & Tech Reports  Updated at: 2025/10/09

m   In May 2025, Honda announced that it would review its plans for a next-generation fuel cell module plant in Moka City, Tochigi Prefecture. The plant has been aiming to start operations in FY2027 to produce 30,000 next-generation fuel cell modules per year, but in light of changes in the global hydrogen market environment, the production capacity has been revised downward and the start of operations will be postponed for several years. In the...

Market & Tech Reports  Updated at: 2025/09/03

2025 China Auto Forum: SAIC Group and Great Wall Motor Electrification, intelligent technology, and globalization Summary SAIC Group: Implementing technological transformation in electrification and intelligence Great Wall Motor: Strategic choices facing China’s auto exports  Amid the trends toward electrification and intelligentization, the SAIC Group is transforming itself from a traditional manufacturing company to a smart mobility company....

Market & Tech Reports  Updated at: 2025/08/12

the vehicle intelligence field (Huawei) In April 2025, SAIC Maxus Automotive Co., Ltd. (SAIC Maxus), which develops commercial vehicles, announced a strategic partnership agreement with Huawei Qiankun. The two companies have already partnered in areas such as intelligent connectivity and cloud services. In the future, they will deepen and continue their partnership in areas such as smart cockpits and integrated driving support. Batteries, inte...

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