Alliance (Thailand) Company, a joint venture between Ford and Mazda. U.S.: In December 2018, Hirotec America, Hirotec's U.S. subsidiary, announced that it was investing USD 40 million to build a new automotive components plant in Fayetteville, Tennessee. Construction work was expected to begin in Q2 2019, with startup scheduled for Q3 2020. Mexico: The company established a plant in Silao, Guanajuato in 1998 to supply exhaust system parts to ...

Market & Tech Reports  Updated at: 2025/06/19

ves interaction capability by a factor of 5. In addition, the framework features high precision, emotional interaction, manageability, and operability, meeting the requirements of complex smart cockpit scenarios. The first products based on this framework are being introduced by the second quarter (Q2) of 2025, and mass production is scheduled to begin in Q3.   In addition, Banma presented a star interactive agent system consisting of "1 system ...

Market & Tech Reports  Updated at: 2025/05/28

s (February 19, 2025) https://www.marklines.com/en/news/322202 Indonesian govt. continues EV push; Considers PT Pindad’s tactical car as national EV (February 7, 2025) https://www.marklines.com/en/news/321603 Geely holds brand launch event in Indonesia; EX5 e-SUV’s local production to start in Q2/2025 (January 23, 2025) https://www.marklines.com/en/news/320839 BYD’s Indonesia plant in West Java to complete construction by 2025 (January 21,...

Market & Tech Reports  Updated at: 2025/05/21

cture to fleet management and mobility and logistics optimization solutions.   Pleos Connect is an Android-based system infotainment system with a smartphone-like user interface. It includes features such as multi-window functions and an AI voice assistant. The system is expected to be launched in Q2 2026 and to be integrated into over 20 million vehicles by 2030.   Another feature is the Pleos Playground, an open development platform that is d...

Market & Tech Reports  Updated at: 2025/05/16

car, a flagship sedan that shows the future design direction of the brand. Additionally, the DM-i and EV versions of the "Sealion 06" mid-size SUV were also officially announced. The price is in the CNY 120,000 to CNY 150,000 range, and the product is scheduled to be released in the second quarter (Q2) of 2025. The fully remodeled "Seal 06” mid-size electric sedan was also unveiled. It is scheduled for release in Q2 of 2025.   The Denza brand ...

Market & Tech Reports  Updated at: 2025/05/14

in Q1 2025, despite support from expanding model ranges at Audi and Cupra. The delay of stringent EU CO2 emission standards by one year to 2026 (provided it is made up for by 2028), will be welcome news to the Group as it struggles to grow BEV demand. Even so, global output is slated to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's globa...

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

ces of Major OEMs in the Chinese Market (Apr. 2025)Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% (Feb.2025)Chinese Market Q4 2024 (Jan. 2025)Chinese Market Q3 2024 (Nov. 2024)Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024)Chinese Market Q2 2024 (Aug. 2024)Chinese Market Q1 2024 (May 2024)         Currently, Chinese automakers are accelerating their promotion of advanced intellige...

Market & Tech Reports  Updated at: 2025/04/24

al downtimes for plant re-tooling, and logistical challenges in 2024. In India, the group's production remained down (-2% YoY) as both Kia and Hyundai reported declines of 2% YoY. Kia, however, improved its Indian production performance after experiencing a double-digit fall in output of 22% YoY in Q2 2024, supported by strong production of the Kia Sonet (+29% YoY) and Kia Carens (+18% YoY).   The group's production in China abruptly lost moment...

Market & Tech Reports  Updated at: 2025/04/07

ada for retooling has reduced Chrysler and Dodge build by a combined 48k units y/y, while the phasing out of the old ‘DS’ style Ram 1500 in Mexico and the US has led to a 19k-unit y/y loss in Q4 2024. GlobalData expects Group output to continue falling in Q1 2025 (-8.0% y/y) before reversing in Q2 (+6.5% y/y) due to improved consumer sentiment and strategic model releases. Stellantis’ global sales are expected to increase to 6.28 million un...

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

ut will eventually reach it.   The company had planned to start EV production of the Chevrolet Silverado / GMC Sierra in 2024, with the Orion Plant in Michigan to become a dedicated plant for full-size EV trucks based on the Ultium platform. However, the plan has continued to fall back, and in the Q2 financial results presentation in July 2024, it was delayed until the middle of 2026.   In addition, under the plan to make Buick an EV-only brand...

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

for 22 consecutive years. It is followed by SAIC and Changan. Related reports: Chinese Market: NEV Sales Trend in 2024 (Dec. 2024) Chinese Market Q4 2024 (Jan. 2025) Chinese Market Q3 2024 (Nov. 2024) Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024) Chinese Market Q2 2024 (Aug. 2024) Chinese Market Q1 2024 (May 2024)       According to a report by the National Bureau of Statistics of China in January 2025, GD...

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

ing to downsize its regional production capacity. Demand in the EU may be further curtailed by the upcoming CO2 emission standards as the Group limits sales of non-BEV models to avoid heavy financial penalties.” “As such, VW’s global output is predicted to contract in Q1 2025 (-8.1% YoY) and Q2 2025 (-7.6% YoY). Despite having to scale back build due to the influx of Chinese BEVs, the EU’s decision to apply tariffs of 27.4% to 48.1% from...

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

p planning to downsize its regional production capacity. Demand in the EU may be further curtailed by the upcoming CO2 emission standards as the Group limits sales of non-BEV models to avoid heavy financial penalties. As such, VW’s global output is predicted to contract in Q1 2025 (-8.1% YoY) and Q2 2025 (-7.6% YoY). Hyundai GroupIt is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth ou...

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

f NEVs among official vehicles procured annually be at least 30%.   Related reports:SAE China 2024: Smart Cars (Jan. 2025)SAE China 2024: New Energy Vehicles (Dec. 2024)Chinese Market Q3 2024 (Nov. 2024)Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024)Chinese Market Q2 2024 (Aug.2024)Chinese Market Q1 2024 (May. 2024)   Chinese automakers are accelerating the development of the intelligent technology sector agai...

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

land, and Slovenia.     (GlobalData, Q3 2024)   According to GlobalData’s latest sales forecast (Q3 2024), Western European light vehicle (LV) sales volume is expected to increase by 0.6% year-over-year (y/y) to 13.35 million units in 2024. Compared with the previous quarter’s report (Q2 2024), the outlook for the European LV market has been lowered over the forecast period. Key to this has been the weak selling rate performances ac...

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

same production line.   Mercedes-Benz Group 2024 future outlook Item Announced in October 2024 Announced in July 2024 Revenue Slightly lower 2023 level EBIT Significantly lower Slightly lower Free Cash Flow(Industrial business) Significantly lower Slightly lower Source: Interim Report Q2 2024 (July 26, 2024)/Q3 2024 (October 25, 2024)Note: "Significantly lower" for EBIT is expected to decrease by 15% or more, and "Significantly lowe...

Market & Tech Reports  Updated at: 2024/12/06

an electric drive technology with a 2-in-1 structure of motor and transmission for Volkswagen's MQB platform. Mass production started in April 2019. The maximum torque is 290Nm and the maximum output is 100kW. The models currently equipped with the product are the e-Golf, e-Lavida, e-Bora, and Audi Q2L. Output shaft peak torque 310Nm Weight 89kg Gear Fixed gear ratio Drive mode Rear-wheel drive Dual clutch - Hydraulic circuit - ...

Market & Tech Reports  Updated at: 2024/11/28

se due to higher sales in the U.S. (Sep. 2023)GM (1): Aiming for annual production of 1 million EVs in North America by 2025 (Sep. 2023)     GM's global sales for the first half of 2024 (January-June) totaled 2.78 million units, down 6.3% from the same period last year, according to the company's Q2 results report. GM has been withdrawing from markets such as Europe and India, resulting in six consecutive years of year-over-year declines from 2...

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

AN News Topics (Q3 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports:ASEAN (2) Increase in Chinese car production (Oct. 2024)ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs (Sep. 2024)ASEAN Vehicle Sales and Production Update (Q2 2024) (Aug. 2024)GAIKINDO Indonesia International Auto Show 2024 (Aug. 2024)  2024 Q3 ASEAN Countries Sales Comparison (units) Country Sep....

Market & Tech Reports  Updated at: 2024/11/26

units, with 45,000 units allocated for export. In the third phase (2028-2030), the annual production capacity of Omoda & Jaecoo brands will be expanded to 100,000 units, with 60,000 units allocated for export. Product plan: The Omoda & Jaecoo brands will release the Omoda C5 compact electric SUV in Q2 2024 and the Jaecoo 7 PHEV compact SUV in Q3 2024. Additionally, in the fourth quarter, the Jaecoo 6 EV and Jaecoo 8 PHEV will be introduced. Retai...

Market & Tech Reports  Updated at: 2024/11/25