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Mitsubishi Motors: Strengthening HEVs in Thailand, Foxconn supplying BEVs
72,217 -6.7% 8.8% Vietnam 28,954 27,243 39,861 30,894 41,198 33.4% 5.0% Canada 16,092 23,644 22,101 32,605 35,993 10.4% 4.4% Taiwan 44,165 41,898 37,889 31,752 32,469 2.3% 3.9% Germany 47,543 40,322 36,860 20,587 30,044 45.9% 3.6% Thailand 59,625 48,922 53,138 37,511 28,436 -24.2% 3.5% Mexico 10,447 17,872 19,622 19,183 24,706 28.8% 3.0% China 75,001 66,006 33,579 8,957 - -100.0% 0.0% Other 203,595 227,647 200,545 152,876 165,815...
Market & Tech Reports Updated at: 2025/07/30
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (June 2025)
ed by the Trump administration. The additional 25% tariff on automobiles and auto parts will be reduced by half to 12.5%, resulting in a combined tariff of 15% when combined with the existing 2.5% tariff. While tariffs on automobile imports from Japan will be reduced to 15%, tariffs on imports from Mexico and Canada that do not meet the USMCA (United States-Mexico-Canada Agreement) rules of origin will remain at 25%, and the American Automotive P...
Market & Tech Reports Updated at: 2025/07/28
Global Top 10 Countries Sales Forecast (Q2 2025)
atest update to the Global Light Vehicle (LV) market forecast has resulted in a significant reduction in projections, particularly for North America. The automotive sector is facing additional tariffs of 25% on imported vehicles and parts (though there are caveats to this on imports from Canada and Mexico), which are expected to raise vehicle prices in the US. While there is some expectation of easing these tariffs in the medium to long term, the...
Market & Tech Reports Updated at: 2025/07/28
Global Top 10 OEMs Production Forecast (Q2 2025)
he past year or so. In North America, output was severely impacted by the new 25% US tariff on foreign-made cars from April 3, 2025, and the resulting retaliation from other countries, with nearly all models facing considerable YoY losses regardless of whether they are produced in the US, Canada or Mexico. Jeep was particularly affected (-62k units YoY) due to its large footprint in the region, while Chrysler and Fiat fell significantly as their ...
Market & Tech Reports Updated at: 2025/07/28
GlobalData Global Light Vehicle Sales Update (June 2025)
iffs. According to initial estimates, the Canadian Light Vehicle market sold 174k units in June 2025, representing a 3.6% YoY increase. Ford and General Motors, both growing 9.7% YoY, were key drivers of this growth. The Canadian selling rate went up to 1.9 mn units/year from 1.6 mn/year in May. In Mexico, sales were estimated at 123k units, down -1.5% YoY. The selling rate stood at 1.58 mn units/year. The Mexican market is expected to remain und...
Market & Tech Reports Updated at: 2025/07/22
Mexico (2) Production and exports affected by U.S. tariff concerns
Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...
Market & Tech Reports Updated at: 2025/07/11
Analysis Report: Thermal Management of BEV Batteries (Europe, U.S. and China Markets)
tive air-conditioning systems, the company is also involved in powertrain applications. Capital: CNY 3.59 billion Sales: CNY 27.950 billion, profit: CNY 3.100 billion (fiscal year ended December 2024) Number of employees: 19,783 (as of December 31, 2024) Main manufacturing sites are in China, U.S., Mexico, Germany, Poland, and India. Main customers are BYD, VW, Audi, BMW, GM, Hyundai, SAIC, Denso, Valeo, Hanon, and Mahle. 3) Japanese companie...
Market & Tech Reports Updated at: 2025/07/08
Top 30 Automotive Suppliers Performance Summary
s scheduled to be spun off into a separate company in September 2025. 10 11 Lear Corporation 23,306 23,467 ・Sales in the E-Systems segment increased 2.8% y/y. Construction of a new plant has begun in China, and Kyungshin Lear, a JV with South Korea's Kyungshin Corporation, opened a new plant in Mexico. 11 12 Huayu Automotive Systems Co., Ltd. 22,280 22,652 ・In 2024, the proportion of sales to companies other than the SAIC Group was 62.2%....
Market & Tech Reports Updated at: 2025/07/02
GlobalData Global Light Vehicle Sales Update (May 2025)
of 4.5%, but the selling rate slowed to 1.62 mn units/year in May, from (an adjusted) 1.76 mn units/year in April. Although tariffs on vehicles imported from the US are effectively quite rare due to a number of exemptions, consumers may still be pulling back from purchases as the economy slows. In Mexico, sales were estimated at 125k units in May, up by 2.3% YoY. Meanwhile, the selling rate is thought to have decelerated to 1.57 mn units/year in...
Market & Tech Reports Updated at: 2025/06/19
Analysis Report: Exhaust System (Japanese, European and U.S. Markets)
d: 21 manufacturing sites for exhaust system parts (7 in Japan, 1 in Europe, 6 in the Americas, 3 in China, and 4 in Asia) Japan 7 (Fukuda Plant, Toyohashi Plant, Yawadayama Plant, Komeno Plant, Inabe Plant, Sango Kanto Co., Ltd., Sanfuku Co., Ltd.) Europe 1 (Türkiye) Americas 6 (U.S. 4, Canada, Mexico) China 3 (Tianjin, Hongzhou, Xiangyang (Hubei Province)) Asia 4 (Thailand 2, India, Indonesia) In addition to these, Sango has technical assist...
Market & Tech Reports Updated at: 2025/06/19
Analysis Report: Brake (Japanese Market)
ction sites: 5 in Japan, 9 overseas (2 in the Americas, 1 in Europe, 2 in China, 4 in Asia) Breakdown: Japan 5 (Iwatsuki (disc brakes, drum brakes), Okayama (drum brakes), Yamagata (disc pads), Fukushima (linings), Tatebayashi (caliper casting materials)) Americas 2 (Glasgow Plant (Kentucky, USA), Mexico Plant) Europe 1 (Slovakia Plant) China: 2 (Guangzhou, Suzhou) Asia: 4 (Thailand 2, Indonesia 1, Vietnam 1) Business overview by region: Dome...
Market & Tech Reports Updated at: 2025/05/29
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (April 2025)
l was 2.57 million units. Due to the rush of demand in March, the number of days in stock for major brands has been significantly reduced, and attention is being paid to future trends in inventory numbers, especially for imported cars. GM confirmed that it has no plans to move EV production from Mexico to the U.S. despite the high tariffs imposed by the U.S. The company will continue to produce the Chevrolet Equinox EV, Blazer EV, Cadillac Opt...
Market & Tech Reports Updated at: 2025/05/26
GlobalData Global Light Vehicle Sales Update (April 2025)
st rate sinceAugust 2024. Similar dynamics were observed in Canada as in the US, with consumers incentivized tobuy now rather than wait and face possible price rises. Mexican LV sales totaled 116k units in April,up by 2.8% YoY. The selling rate for April was broadly in line with the previous month. Mexico hasnot retaliated with tariffs on vehicles imported from the US, and any economic impact from thetrade war is yet to be felt. Europe The LV s...
Market & Tech Reports Updated at: 2025/05/21
Suzuki's Global Sales Exceed 3 Million Units, 4.2 Million Target for FY2030
04,470 Indonesia Suzuki Suzuki 90,408 81,057 66,809 76,347 85,825 91,971 100,594 South Africa Suzuki Suzuki 39,753 48,154 58,170 47,197 42,357 45,365 52,577 Suzuki Maruti-Suzuki 7,425 1,282 277 3,844 3,492 3,855 4,010 South Africa sub-total 47,178 49,436 58,447 51,041 45,849 49,220 56,587 Mexico Suzuki Suzuki 40,366 37,372 43,661 46,045 55,357 57,176 48,991 Philippines Suzuki Suzuki 19,942 18,455 20,371 23,374 30,333 32,604 33,034 U...
Market & Tech Reports Updated at: 2025/05/15
Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs
U.S. trade deficit, Thailand will increase imports of agricultural products, oil, and ethane from the United States. The United States is Thailand's largest export partner. The U.S. is the fourth largest exporter of automotive-related products, including parts, by country/region, but if exports via Mexico and Canada, members of the North American Free Trade Agreement (NAFTA), are also included, the U.S. ranks second. There are concerns that the a...
Market & Tech Reports Updated at: 2025/05/12
Trump Tariffs: Impact on the North American Auto Industry
by the Trump administration, the most impactful on the automotive industry is the additional 25% tariff on automobiles and automotive parts based on Section 232 of the 1962 Trade Expansion Act. The additional tariff came into effect on April 3. If the rules of origin of the USMCA (United States-Mexico-Canada Agreement) are met, the additional 25% tariff on automobiles and automobile parts under Section 232 will be levied on products other tha...
Market & Tech Reports Updated at: 2025/05/02
Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows
Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...
Market & Tech Reports Updated at: 2025/04/30
Global Top 10 Countries Sales Forecast (Q1 2025)
tly affect the automotive industry – although there may be some exceptions – that is only because the industry is already covered by other, more specific, tariffs. On April 3, 25% tariffs were imposed on imports of finished vehicles. While this applies to all countries, vehicles from Canada and Mexico that are compliant with the United States-Mexico-Canada (USMCA) trade agreement rules are subject to taxes only on their non-US content. US con...
Market & Tech Reports Updated at: 2025/04/30
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (March 2025)
on the supply chain of the entire automotive industry. In particular, the additional 25% tariff on automobiles and auto parts that took effect on April 3 covers all non-U.S.-made products, and non-U.S. component prices are subject to the tax even if they meet the rules of origin of the USMCA (U.S.-Mexico-Canada Agreement). This will have a major impact not only on foreign OEMs from Japan, Korea, Europe, etc., but also on American automakers with...
Market & Tech Reports Updated at: 2025/04/25
Analysis Report: Airbag (U.S. and European Markets)
ny had not built any new airbag related manufacturing facilities for some time in order to concentrate investment in the electronics business for products such as driver assistance systems. However, in response to increasing market demand, the company decided to build new plants from 2021 in India, Mexico, Japan, and China as described below. The main reorganizations (new construction, expansions, market withdrawals, and closures) are as follows:...
Market & Tech Reports Updated at: 2025/04/24