makers have 62.5% share; BYD leading with 1,607,000 units; Japanese OEMs below 1.5 million units Exports grow 30.5% to 2,793,000 units; Lexus brand tops the list of imports Top 3 NEV sellers are BYD, Tesla, and SAIC-GM-Wuling China H1 2024 vehicle sales (ex-factory) by major groups GlobalData Sales Forecast: Chinese light vehicle sales will reach 26.3 million units in 2027  In the first half of 2024 (H1, January-June), new vehicle sales i...

Market & Tech Reports  Updated at: 2024/08/20

d lithium supply contracts with four companies Ford Pro commercial vehicle business: Producing commercial vans in Romania and Turkey, with an EV version coming in 2024 U.S. market: Demand for pickup trucks, SUVs, and hybrid vehicles drives sales New vehicle launch plans in the U.S. GlobalData Sales Forecast: Ford Group’s light vehicle sales will be 3.86 million units in 2027   Ford Motor Company (Ford) had previously set a goal of producing 60...

Market & Tech Reports  Updated at: 2024/05/29

tion of automated driving commercialization, promote IM Motors’ AI for Mobility strategy Internationalization: Targeting sales of over 1.2 million units outside China in 2023 and global MG sales of 1 million units in 2024 SAIC Group sales volume in China (factory shipment volume) GlobalData Sales Forecast: SAIC Group’s light vehicle sales in 2027 will be 3.02 million units   According to MarkLines data, although SAIC Motor Corporation...

Market & Tech Reports  Updated at: 2024/03/25

d; overseas sales volume surges Commercial Vehicles: Establishing a subsidiary to enter the FCV commercial vehicle market Production and sales: Haval accounts for more than half of the sales volume; transition to NEVs is gradual Great Wall Motor's sales volume in China (ex-factory) GlobalData Sales Forecast: GWM’s light vehicle sales in 2027 will be 1,570k units Haval Raptor PHEV (Source: Haval)   According to Great Wall Motor Co., L...

Market & Tech Reports  Updated at: 2024/03/06

2025 Establishment of a medium- to long-term partnership with Panasonic Energy for the supply of batteries Working on carbon neutral (CN) fuel utilization and aiming for practical application Mazda's financial results: All profit items expected to reach record highs in FY2023 GlobalData production forecast: Mazda to produce 1.27 million light vehicles in 2026 CX-90 PHEV (North American specifications)(Source: Mazda press release dated Febr...

Market & Tech Reports  Updated at: 2023/12/22

e New CO2 regulations under the Biden administration: 67% BEV ratio assumed for MY2032 California regulation: 100% ZEV ratio in MY2035 Charging network development: GM, Ford, and three Japanese OEMs use Tesla's Supercharger network UAW strike: New labor agreement with Detroit Three GlobalData Sales Forecast: Light vehicle sales in the US will be 16.8 million units in 2026 2024 Chevrolet Blazer EV (Source: Chevrolet)   In August 2021, th...

Market & Tech Reports  Updated at: 2023/11/24

our of the nine models are PHEVs, with an EV range up to 115km IAA Mobility 2023: Concept and production models New entertainment and navigation features via OTA Building a high-power charging network globally Performance: sales and EBIT up from 2021, sales volume up from 2022 GlobalData Production Forecast: Mercedes-Benz Group’s production in 2026 will be 2.77 million units Concept CLA Class (exhibited at IAA Mobility 2023)   The Mer...

Market & Tech Reports  Updated at: 2023/09/28

A Autonomous driving: Semi-automated driving system approved for the first time in Germany China: Launching 11 EVs in 2023 across all its brands BMW Group’s unit sales increase by 4.7% to 1.22 million units in H1 2023 BMW Group upgrades its 2023 outlook with strong H1 performance GlobalData Sales Forecast: BMW’s light vehicle sales expected to increase to 2.72 million units in 2026 BMW’s next-generation EV concept car Vision Neue Kla...

Market & Tech Reports  Updated at: 2023/09/27

ger car market segment structure OEM analysis of passenger car market Government stimuli for the automotive industry and e-mobility Schemes for electrification and eco-friendly vehicles Regulations: BS-VI OBD 2 emission standards, and Bharat NCAP Medium-term trends in the passenger car market Sales Forecast by GlobalData (formerly LMC Automotive): Indian light vehicle sales will reach 5.05 million units in 2026 Passenger Vehicle sales in In...

Market & Tech Reports  Updated at: 2023/09/19

es position from Toyota China sales situation: Decline in sales of Wuling brand vehicles, declining market share Brazil: Introducing a state-of-the-art pickup truck in February 2023 GM's global performance: Net income improves 7% in H1 of 2023 due to increased sales in the U.S. GlobalData (formerly LMC Automotive) Production Forecast: GM Group’s light vehicle production forecast rising gradually, to reach 5.13 million units in 2026 Buick ...

Market & Tech Reports  Updated at: 2023/09/15

vehicles Foreign-capital joint ventures: FAW-VW and FAW-Toyota to renovate plants and accelerate introduction of NEVs Business overview: Foreign brands account for 80% of sales volume, Hongqi brand and NEVs are growing rapidly FAW Group's sales volume in China (factory shipments) GlobalData Sales Forecast: FAW Group’s light vehicle sales in 2026 will be 484k units Hongqi media launch at Auto Shanghai 2023 (Source: FAW)   According t...

Market & Tech Reports  Updated at: 2023/09/13

s, Japanese automakers are sluggish with 1.749 million units Exports of finished vehicles increased 75.7% to 2.14 million units, with the Mercedes-Benz brand topping imports Top 3 NEV sellers are BYD, Tesla, and GAC Aion China H1 2023 vehicle sales (ex-factory) by major groups GlobalData Production Forecast: Chinese light vehicle production will reach 29.2 million units in 2026   In the first half of 2023 (H1, January-June), new vehicle s...

Market & Tech Reports  Updated at: 2023/08/21

%. Mitsubishi Motors: 30% increase in R&D and capital expenditures over the next six years Subaru: Producing BEVs in the U.S., aiming for global BEV sales of 600,000 units (50% of total sales) in 2030 FY2022 performance and FY2023 outlook of Japanese passenger car manufacturers GlobalData (formerly LMC Automotive) Sales Forecast: Sales in Japan in 2026 will be 5 million units Electrified vehicle assembly plants and battery plants in Japan(S...

Market & Tech Reports  Updated at: 2023/08/18

aysian sales up with tax breaks Summary ASEAN vehicle production grows 24% to 4.15 million units in 2022 Thailand and Indonesia export 1 million and 470,000 vehicles, respectively, in 2022 ASEAN new vehicle sales in six major countries increase 25% to 3.42 million units in 2022 GlobalData (formerly LMC Automotive) Sales Forecast: ASEAN sales to grow to 4.02 million units in 2026 Wuling Hongguang MINI EV compact EV (Production began in Vietn...

Market & Tech Reports  Updated at: 2023/08/17

strategy, all-new BEV-exclusive RZ 450e Expanding PHEV lineup: Available on new Alphard, Lexus TX, and other large vehicles Consolidated sales volume is expected to increase by 8.8% to 9.6 million units in the fiscal year (FY) ending March 2024, with higher revenue and profits GlobalData (formerly LMC Automotive) Production Forecast: Toyota Group’s production in 2026 will be 11.3 million units The bZ Sport Crossover Concept made its worl...

Market & Tech Reports  Updated at: 2023/07/14

SUV for the U.S. Renault Korea (former Renault Samsung): Geely Automobile secures a 34% stake KG Mobility (former Ssangyong): Focusing on mobility technology under the KG Consortium Korean vehicle production, sales and exports: output increasing with parts shortages easing from 2H 2022 Production Forecast by GlobalData (formerly LMC Automotive): Korean light vehicle production expected to be 3.91 million units in 2026   The Korean government h...

Market & Tech Reports  Updated at: 2023/07/05

rio intelligence Production system: Qingdao gigafactory starts production, construction of Chery Automotive Parts Industrial Park begins Business overview: Sales and sales volume reach record highs in 2022, with rapid growth of NEVs Chery Holding Group’s sales volumes in China (factory shipments) LMC Automotive’s Sales Forecast: Chery Group’s light vehicle sales in 2026 will be 1.62 million units Chery Automobile 2023 "New Energy Nigh...

Market & Tech Reports  Updated at: 2023/06/21

LMC Automotive European Passenger Car Sales Update (May 2023) Summary Commentary The Western Europe PV selling rate improved to 11.4 mn units/year in May, up from 10.7 mn units/year in April. Total registrations for the latest month topped 1.0 mn units for just the second time this year, representing growth of 18.9% YoY, although still down 23% from the pre-pandemic 2019 result. Germany and Italy both enjoyed solid performances in May with YoY ...

Market & Tech Reports  Updated at: 2023/06/12

driving performance improvement, but also concerns about overconfidence in performance Production and sales by model: Aggressive sales expansion measures, aiming to become a high volume manufacturer Financial results and performance: Operating income doubled in 2022, but profit declines in Q1 2023 LMC Automotive Sales Forecast: Tesla's global sales to reach 2.47 million units in 2026 Cybertruck undergoing road tests with the aim of launchi...

Market & Tech Reports  Updated at: 2023/06/09

transformation initiatives including electrification EV plan in China New e:Ny1 EV for Europe to be launched in autumn 2023 EV plans in North America Japanese market: 4 EV models to be introduced Honda's business performance: Expecting operating profit of JPY 1 trillion for the first time in FY2023 LMC Automotive Sales Forecast: Honda Group’s sales in 2026 will be 4.33 million units e:N SUV Xu world premiere at the Shanghai Motor Show in ...

Market & Tech Reports  Updated at: 2023/06/02