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

ng speech Prof. Dr. Bernhard Geringer, Chairman of the Board of the Austrian Association for Automotive Engineering (ÖVK), emphasized that the assessment of ‘Net Zero Mobility’ must not only consider emissions during operation, but the entire cycle of a vehicle from raw material extraction and production to disposal.   “The goal should be more accurately referred to as ‘defossilisation’ instead of ‘decarbonisation’. To achieve thi...

Market & Tech Reports  Updated at: 2025/07/08

Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

Market & Tech Reports  Updated at: 2025/06/13

ers I. Introduction II. Recent trends in brake technology III. Overview of major brake suppliers and their products IV. Overview of global facilities of brake suppliers V. Sales comparison of major brake component suppliers VI. Major brake component suppliers, their customers, and equipped Japanese production models VII. List of Global Facilities Foundation brakes, friction materials Akebono Brake Industry Co., Ltd. ADVICS Co., Ltd. Hosei Bra...

Market & Tech Reports  Updated at: 2025/05/29

/m) to 5.213 million units.   China   New vehicle sales in April were 1.793 million units, reflecting an increase of 14.0% y/y (down 12.9% m/m).   According to an analysis by the China Association of Automobile Manufacturers (CAAM), the Chinese auto market was strong overall in April, with both production and sales steadily increasing year-over-year. Latent domestic demand was stimulated and drove the market, while exports remained stable des...

Market & Tech Reports  Updated at: 2025/05/26

ectric and CNG vehicles Technology trends: Strengthening CNG business with a focus on carbon neutrality Indian market: Record high sales in 2024; Expanding sales lineup focusing on SUVs Japanese market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 Sales and production volume trends: Aiming for global sales of 4.2M in FY2030 Business Performance: record-high sales and profits for the full year of FY2024 Gl...

Market & Tech Reports  Updated at: 2025/05/15

Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

Market & Tech Reports  Updated at: 2025/05/12

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

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

5.   Tesla   Sales of the top-selling model, the Model Y, were down 15.8% y/y to 89,000 units, while the Model 3 increased 47.7% to 53,000 units. Tesla's total sales volume in March was 150,000 units, an increase of 2.0% y/y.   According to Tesla's Q1 2025 financial results released on April 22, production fell 16% y/y to 363,000 units and deliveries fell 13% to 337,000 units. Tesla attributes this decrease to a production stoppage due to the ...

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

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

Mazda: BEV Transition to Progress in Stages Expanding the CX series of large models; developing NEVs with Changan Automobile Summary 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 t...

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

mercial vehicle division Ram Professional New global commercial vehicle site established in Turin, Italy Consolidated shipments in 2024 were 5.42 million units, down 12% from the previous year 2024 sales down 17% to EUR 156.9 billion and operating income down 65% to EUR 8.6 billion GlobalData Sales Forecast: Stellantis' light vehicle sales expected to reach 6.92 million units in 2028 New mid-size electric SUV Jeep Wagoneer S(on sale from Ja...

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

lows 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 major policy shift on tariffs and energy policies GlobalData Production Forecast: Light vehicle production in the US will be 10.8 million U.S. sales share of electric vehicles   U.S. auto sales in 202...

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

AC Honda 40.8 44.3 (Source: Created from MarkLines database) BYD’s Qin L BYD, a mid-size sedan BYD's Denza 9, the top selling MPV       According to a release by the China Association of Automobile Manufacturers (CAAM) in January 2025, NEV sales in 2024 exceeded the initial forecast of 11.5 million units made at the beginning of the year, growing 35.5% y/y to 12.866 million units. NEVs accounted for about 40% of new vehic...

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

Asia, Europe, South America, and other regions Overseas trends: Overseas passenger car sales reach 417,000 units in 2024 Business situation: Sales have increased significantly, and the number of employees globally exceeds 1 million BYD’s sales volumes in China (factory shipments) GlobalData Sales Forecast: BYD’s light vehicle sales in 2027 will be 5.08 million units   BYD Co. Ltd.’s (BYD) production and sales volumes have increased ...

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

an important role in the development of electric drive systems. As needs become more specific, from finished vehicles to electric drive systems and then to power semiconductors, OEMs will take the lead in connecting the entire process of power semiconductors and electric powertrains, from design to production and application. OEMs and components suppliers The focus is on requirements definition, system development, validation, and application ...

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

VW Group: Partnership with Rivian and XPeng for SDV Development Production capacity cut by 734,000 units and 35,000 jobs cut in Germany Summary BEV architecture mid-term strategy E/E architecture and software; 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...

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