planning to release several luxury V Series MPV models in the future. Galaxy V900 (Actual body color differs due to lighting conditions at the site) Zeekr 9X   The Zeekr 9X, released in September 2025, is available in four models, including dual-motor and three-motor models. Prices range from CNY 459,900 to 589,900. The vehicle measures 5,239mm in length, 2,019/2,029mm in width, 1,819mm in height, and the wheelbase is 3,169m...

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

706 million units, up 18.7% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 1.038 million units, up 25.0% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 532,000 units, up 12.2% y/y; range-extended electric vehicle (REEV) volumes totaled 137,000 units, up 3.0% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 87,000 units, down 15% y/y. In the BEV market, wholesale volume...

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

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

improve ease of installation. The number of fins and the angle of inclination of the fins are highly difficult to theorize, so the development was based by empirical rules based on a vast amount of testing. Japanese torque converter suppliers In 1951, Okamura Corporation (now mainly engaged in office equipment) developed Japan's first torque converter. It was adopted for use in Japan National Railways (JNR) diesel locomotives in 1952. Okamura, ...

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

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

e 10.5% y/y to 1,783,000 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: 2025/11/26

ly 23 to August 3, more than 38,000 vehicles were sold, up from 34,887 units in 2024. GAIKINDO’s Chairman described the results as remarkable, highlighting strong consumer and commercial demand despite challenging market conditions. However, overall transaction values declined due to heightened price competition. Visitor attendance rose around 7% to 485,569, reflecting sustained public interest in advanced automotive technologies. Philippines ...

Market & Tech Reports  Updated at: 2025/11/25

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

nt is also working towards the revival of the mini and small car segment, which is evident from recent GST tax reduction and relaxation in CAFÉ regulations.   Electric vehicle (EV) sales continue to accelerate but need to gain further traction to gain market share over internal combustion engine (ICE) vehicle sales. Demand for compressed natural gas (CNG) vehicles is also growing steadily.   The report provides key government policies for the ...

Market & Tech Reports  Updated at: 2025/11/19

rding to MarkLines, new vehicle sales volume in the Chinese market increased by 11.4% year-over-year (y/y) to 15.65 million units in the first half of 2025 (January-June). The "Plan for Stable Growth of the Automotive Industry (2025-2026)" published in September 2025 by eight Chinese government offices, including the Ministry of Industry and Information Technology, sets a sales target around 32.3 million units in 2025, approx. 3% increase over t...

Market & Tech Reports  Updated at: 2025/11/14

nits, up 18.5% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 1.020 million units, up 31.6% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 480,000 units, up 2% y/y; range-extended electric vehicle (REEV) volumes totaled 121,000 units, down 1.9% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 89,000 units, down 4% y/y. In the BEV market, wholesale volum...

Market & Tech Reports  Updated at: 2025/11/12

igned a partnership agreement for Luxeed 2.0. Luxeed will invest over CNY 10 billion to focus on intelligent driving and electric drive system (batteries, motors, and electrical controls) technologies, and established Anhui Luxeed New Energy Vehicle Co., Ltd. to integrate production, sales, and service operations. In early August, the company signed an agreement with Dangshan County, Suzhou City, Anhui Province to build a lithium battery plant. T...

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

the tariffs includes Nissan’s decision to boost production of the Nissan Rogue at its Smyrna plant in the US. Beginning with the 2026 model year production changeover in July, the Rogue’s output is expected to increase substantially and will be aided by Nissan’s recent decision to lower the price of the model to support demand. Rogue production in 2025 is expected to achieve growth of 12.6% YoY, reaching 162k units.     It is now expecte...

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

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

taled 1.5 million units, up 22.4% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 947,000 units, up 32.4% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 424,000 units, up 8.4% y/y; range-extended electric vehicle (REEV) volumes totaled 129,000 units, up 8.7% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 82,000 units, down 7% y/y. In the BEV market, wholesale volumes...

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

n (HOSO Technology) Automotive World Autumn (Panatronic Japan) HOSO Technology: Dana electric powertrain   HOSO Technology Co., Ltd. (HOSO Technology) sells construction equipment, industrial vehicles, and e-mobility components and is the Japanese distributor for Dana Incorporated’s (Dana) Spicer e-Axle, TM4 electric powertrains and other products.   The HP and MD models of Dana's TM4 SUMO series electric powertrain were on display at the...

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