GlobalData European Passenger Car Sales Update (April 2025) Summary Commentary In April, the PV selling rate for Western Europe stood at 11.2 mn units/year, broadly in line with that of March. Sales volumes totalled 949k units, a 1.1% decline from April 2024. YTD sales now stand at just under 4 mn units, down 0.7% from the same period last year. Spain continued its strong run of results, while markets such as France and the UK faced declines. T...

Market & Tech Reports  Updated at: 2025/05/09

Global Top 10 OEMs Production Forecast (Q1 2025) Global production to reach 92.4M units in 2025, 93.7M units 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 production in 2025 is estimated to increase by 2.4% YoY to 92.4 mn.-The production forecasts in this report do not reflect the full extent of the US t...

Market & Tech Reports  Updated at: 2025/04/30

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

l 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 (*Note). Cli...

Market & Tech Reports  Updated at: 2025/04/25

e mixed across the region. Sales in Spain, the UK, and Italy experienced significant YoY growth, while France and Germany faced a decline in sales once more. YTD sales now stand at slightly above 3 mn units, though this represents a slight decline on the same period in 2024. The Western European PV market continues to struggle amidst increasing economic headwinds. US President Donald Trump's implementation of tariffs on automotive imports, along ...

Market & Tech Reports  Updated at: 2025/04/08

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

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 to sell 1.33 million light vehicles in 2028 MX-30 Rotary-EV (Source: Mazda)   On March 18, 2025, Mazda announced its “Lean...

Market & Tech Reports  Updated at: 2025/04/01

Stellantis (2) Developing Next-Generation Vehicles with New Platforms Strengthening bio-hybrids in South America and CV business in North America and Europe Summary Introducing next generation models based on its multi-energy STLA platform Developing Bio-Hybrid technology in South America Making Algeria a strategic hub in Africa Leading US PHV market, launches commercial vehicle division Ram Professional New global commercial vehicle site establi...

Market & Tech Reports  Updated at: 2025/03/18

rts 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 Changan Automobile C...

Market & Tech Reports  Updated at: 2025/03/12

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 official website)   ...

Market & Tech Reports  Updated at: 2025/03/07

U.S. Market: New Vehicle Sales Recover, BEV Expansion Slows Review of electrification and investment plans, supply chain restructuring Summary U.S. sales up 2.1% y/y in 2024; pace of electric vehicle 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 ...

Market & Tech Reports  Updated at: 2025/02/21

Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% BYD leads the pack; Seres, in development partnership with Huawei, sees significant growth Summary 2024 vehicle sales in China up 4.5% y/y to 31.4M units Sales by group: BYD tops the list, Geely and Chery perform well Passenger car market: Chinese-OEMs share exceeds 65% Sales by vehicle type : SUVs account for 53.8% of the PV market; many BYD in the Top 10 sedans and hatch...

Market & Tech Reports  Updated at: 2025/02/19

BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion 2024 sales volume 9 times higher than 2019 Summary 2024 Sales: Top in China with 4.272 million units, up 41.3% y/y; most are D-segment vehicles Product trends: Expansion of models and accelerating overseas expansion of each brand Core technologies: Promoting BEVs and PHVs, and deepening development capabilities for electrification and smart vehicles Manufacturing sites: Expanded...

Market & Tech Reports  Updated at: 2025/02/18

f Automobile Manufacturers (CAAM), was held in Wuxi, Jiangsu Province, on December 5-6, 2024. The conference included one exclusive Executive Summit, one Main Theme Forum, and three Professional Forums, where participants exchanged views on the development of the automotive semiconductor ecosystem, market environment analysis, competition and alliances, technology innovation, and more.   This report introduces some of the content of the presenta...

Market & Tech Reports  Updated at: 2025/02/18

ftware; 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-tax and after-tax income down 30% GlobalData Sales Forecast: VW Group's sales will be 8.72 million units in 2028 The ID. UNYX, an E-SUV coupe for the Chinese market that VW unveiled in July 2024 ...

Market & Tech Reports  Updated at: 2025/02/10

Global Top 10 OEMs Production Forecast (Q4 2024) Global production to reach 90.7M units in 2024, 92.1M units 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 production in 2024 is estimated to decline by 0.4% YoY to 90.7 mn.-For 2025, the uncertainty surrounding trade tariffs and an anticipated stabilizatio...

Market & Tech Reports  Updated at: 2025/01/31

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

inds a location of interest on Meituan, TikTok, or other applications, simply shaking the smartphone will immediately activate the in-vehicle system and provide navigation information. Scene card Provides quick cards for frequently used functions such as music playback, schedule checking, weather forecast, and one-click navigation to home. Card content and display status can be custom configured to deliver a personalized experience to each indi...

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

l 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 (*Note). Cli...

Market & Tech Reports  Updated at: 2024/12/27

European Market: Adjusting Electrification Plan Amid Slowing EV Sales Additional duties on imports of EVs from China; European OEMs to launch affordable EVs Summary EV sales in Europe slowing down; Automakers reducing workforce EU imposes additional duties on imports of Chinese EVs National governments implementing various EV incentives; OEMs launching affordable EVs Zero-emission vehicles (EV, FCV) launched/to be launched in Europe in 2024-2025...

Market & Tech Reports  Updated at: 2024/12/25