Chinese Market Q4 2024 BYD invests CNY 100 billion to focus on intelligent tech, Audi and Honda NEV plants begin operations Summary Trends of Chinese OEMs (Q4 2024) Trends of major non-Chinese manufacturers (Q4 2024) Policies related to China's automotive industry (Q4 2024) BYD’s 10 millionth NEV rolling off the line(Source: BYD)   The China Association of Automobile Manufacturers (CAAM) announced on January 13, 2025, that 2024 vehicl...

Market & Tech Reports  Updated at: 2025/01/28

GM (2) Global Sales Down, but Earnings Remain Strong In China, local brand vehicles approaching 70% of sales as EV expansion continues Summary Global sales Sales in the U.S. Sales in China Brazil: Electrification and investment plans Global Performance GlobalData Sales Forecast: GM’s sales in 2027 will be 4.62 million units, below the 2023 level GM Group sales volume (Jan - Jun 2024), proportion by countryRefer to: MarkLines  Vehicle sa...

Market & Tech Reports  Updated at: 2024/11/27

Honda: Investing JPY 10 trillion in EVs and software by 2030 Building a vertically-integrated EV value chain, collaboration with Nissan and Mitsubishi Summary 2024 Honda Business Briefing: Direction of Electrification Initiatives and Investment Strategy EV lineup strategy EV development approach: "Thin, Light, and Wise." Honda and Nissan: Collaboration in areas such as next-generation SDVs, batteries, and e-Axles, with Mitsubishi Motors also part...

Market & Tech Reports  Updated at: 2024/08/23

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

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

Auto China 2024: SAIC and Chery MG electrified supercar, Chery Fulwin SUV, first MPV under the Exeed brand, etc. Summary SAIC: Unveils hydrogen fuel extender model and debuts an electrifed supercar concept car Chery: Debut of the Fulwin E06 Concept and iCAR 03T, the first MPV concept under the Exeed brand Chery booth   The 18th Beijing International Automotive Exhibition (Auto China 2024) was held at the China International Exhibition C...

Market & Tech Reports  Updated at: 2024/06/11

Auto China 2024: Japanese OEMs Electrified Vehicles from Toyota, Honda, Nissan, Mazda Summary Toyota: World premiere of the new “bZ3C” BEV crossover and “bZ3X” SUV Honda: Unveils the Yè series, e:N series, and Lingxi L Nissan: Introducing five NEV models to the Chinese market by 2026 Mazda: Unveiling the new electric sedan Mazda “EZ-6" and the new EV concept model Mazda “Sou Arata"   The 18th Beijing International Automotive Exhibit...

Market & Tech Reports  Updated at: 2024/05/31

Auto China 2024: China Emerging EV Automakers Li Auto, NIO, Leapmotor, XPeng, Hozon Auto Summary Li Auto: Showcasing the L6 range-extender SUV and the MEGA, its first electric MPV NIO: Launching the 2024 ET7 Executive Edition BEV sedan Leapmotor: Debut of the C16 6-seat SUV and start of pre-order sales XPeng: Showcasing the X9, its first BEV MPV, and a flying car Hozon Auto: Showcasing the Neta L range-extender SUV, accelerating the development o...

Market & Tech Reports  Updated at: 2024/05/23

Chinese Market Q1 2024 BYD announces smart vehicle strategy; VW and XPeng collaborate Summary Trends of Chinese OEMs (Q1 2024) Trends of major non-Chinese manufacturers (Q1 2024) Policies related to China's automotive industry (Q1 2024) Major Chinese automakers' 2024 Q1 sales volumes (ex-factory) BYD's intelligent architecture "Xuanji" (Source: BYD)   The China Association of Automobile Manufacturers (CAAM) announced on April 10, 2024, ...

Market & Tech Reports  Updated at: 2024/05/07

China Emerging EV Automakers: Li Auto, NIO, Leapmotor, XPeng, Hozon Auto Li Auto sales volume surpasses NIO; XPeng developing EVs with VW Summary Top 5 selling Chinese emerging EV OEMs in 2023 Li Auto: Releasing its first BEV model, aiming to sell 800,000 units in 2024 NIO: Announced 12 technology stacks, partnering with several OEMs in the battery swap business Leapmotor: Releases first global model, establishes joint venture with Stellantis XPe...

Market & Tech Reports  Updated at: 2024/04/24

SAIC: 3.5M NEV Sales by 2025, Launching 14 New Smart EV Models Overseas Promoting AI strategy with its IM Motors subsidiary, installing semi-solid-state batteries by 2024 Summary Electrification: Selling 3.5 million NEVs in 2025; semi-solid-state batteries to be installed in 2024 Intelligent technologies: Accelerate implementation of automated driving commercialization, promote IM Motors’ AI for Mobility strategy Internationalization: Targeting...

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

Chinese Market Q4 2023: Mercedes-Benz and BMW establish charging JV Geely and Changan partner with NIO on Battery Swapping Summary Trends of Chinese OEMs (Q4 2023) Trends of major non-Chinese manufacturers (Q4 2023) Policies related to China's automotive industry (Q4 2023) VW Anhui MEB plant (Source: Volkswagen Group China)   The China Association of Automobile Manufacturers (CAAM) announced on January 11, 2024, that new vehicle sales (...

Market & Tech Reports  Updated at: 2024/02/01

Chinese Market Q3 2023: Non-Chinese OEMs Strengthen R&D Chinese major OEMs move to use AI and announce new brands Summary Trends of Chinese OEMs (Q3 2023) Trends of major non-Chinese manufacturers (Q3 2023) Policies related to China's automotive industry (Q3 2023) Major automakers' third-quarter sales volumes (ex-factory) in 2023 Toyota China's largest R&D facility, IEM by TOYOTA (Source: Toyota)   According to an announcement by the Ch...

Market & Tech Reports  Updated at: 2023/11/10

SAIC: Cultivating Global Markets, Focusing on Hydrogen Fuel Cell Vehicles MG's and Wuling's first global NEVs, SAIC GM invests CNY 70 B for EVs Summary Electrification/Connected: Promote industrialization of fuel cell vehicles and increase the proportion of NEV sales to 40% by 2025 Internationalization: China's top exporter of finished vehicles, further expanding overseas with BEV global models Own-brands: More than half of sales, focusing on bat...

Market & Tech Reports  Updated at: 2023/01/17

Chinese Market Q3 2022: SAIC, FAW, and Toyota Promoting FCVs Dongfeng and Geely announce new NEV brands; BYD continues NEV and component-related projects Summary Trends of Chinese manufacturers (Q3 2022) Trends of major foreign manufacturers (Q3 2022) Policies related to China's automotive industry (Q3 2022) Sales volume of major automobile manufacturers in Q3 2022 (ex-factory) Geely's first electric pickup truck, the RD6 (Source: Geely) ...

Market & Tech Reports  Updated at: 2022/11/07