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 Mazda. It is currently supplying par...

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

2025) Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% (Feb. 2025) China's NEV Market Crowded with 100 Brands (Feb. 2025)Chinese Market: NEV Sales Trend in 2024 (Dec. 2024)   The top selling BEV model in Q1 2025 was the Tesla Model Y, which has held the top spot since Q3 2021. In addition, the Tesla Model 3, in second place, and the Wuling Hongguang MINI EV, in third place, also maintained their high sales rankings ...

Market & Tech Reports  Updated at: 2025/06/02

autonomous driver assistance system is equipped with two NVIDIA Corporation DRIVE Thor centralized car computers and five LiDARs. Four-, six-, and seven-passenger versions will be available. Additionally, it is equipped with a 50-inch AR-HUD. It is scheduled for sales release in the third quarter (Q3) of 2025. Zeekr 009 Grand Collector's Edition   The 009 Grand Collector's Edition, released on April 19, was on display at the show. This model wi...

Market & Tech Reports  Updated at: 2025/05/30

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 Agent + 10 platform-level application Agents.” The syste...

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

into two sections, upper and lower, that can be switched between warm and cool colors, and an integrated taillight with a unique water droplet motif. According to information from the press conference, the selling price will be between CNY 160,000 and 200,000, and it is scheduled to be released in Q3 of 2025. Sealion 06 EV   Seal 06 EV and Seal 06 DM-i Travel Edition   The “Seal 06” is positioned as a mid-size EV sedan. Develope...

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

g 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 global production will post flat growth (0% Yo...

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

Veoneer Autoliv Volkswagen Audi A3 (Germany) 8Y 2022 Autoliv Volkswagen Audi S8 (Germany) F8 2022 JSS Volkswagen Audi A6 (Germany) F2 2022 JSS iSi Automotive Continental Volkswagen Audi e-tron / e-tron Sportback (Belgium) GE 2022 JSS Continental Volkswagen Audi Q3 Sportback (Hungary) F3 2022 Autoliv Volkswagen Audi Q4 e-tron (Germany) FZ 2022 Autoliv iSi Automotive Veoneer Volkswagen Audi RS3 ...

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

/renewal subsidies for ICE passenger vehicles that meet certain China-4 emission standards. Related reports:Alliances 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 ...

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

forecast (Q4 2024), Hyundai Group 's light vehicle sales are expected to decrease by 1.69% year-on-year (y/y) to 6.74 million units in 2024. In the future, Hyundai Group 's sales will increase year by year, reaching 7.50 million units in 2028.   Hyundai Group's global production fell by 1% YoY in Q3 2024, as expansions in the US (+3% YoY), Slovakia (+12% YoY), and Mexico (+15% YoY) were completely offset by downturns in Korea (-3% YoY), India (...

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

market one after another, making their presence felt at IIMS in February and GIIAS in August last year, and this was another opportunity to confirm their market entry momentum. Related reports:ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024ASEAN (2) Increase in Chinese car production (Oct. 2024)ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs (Sep. 202...

Market & Tech Reports  Updated at: 2025/03/31

24 F) HL Mando Audi A3 Sportback (Germany) 8Y 2021 Continental Audi A4 (Germany) 8W 2023 F) Federal-Mogul Audi A6 (Germany) 4K 2023 R) Federal-Mogul Audi e-tron (Germany) 2023 Buderus Guss Audi e-tron (Belgium) Gen-1 2022 ZFR) ContinentalElectric parking brake ITT Audi Q3 (Hungary)  F3 2023 F) ZF F) Federal-Mogul Audi Q4 e-tron (Germany) Gen-1 2024 F) Hitachi Astemo Buelna(former Chassis Brakes International Sp...

Market & Tech Reports  Updated at: 2025/03/21

cs (Q4 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailand International Motor Expo 2024 (1) Chinese OEMs (Dec. 2024)ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024)ASEAN (2) Increase in Chinese car production (Oct. 2024)ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs (Sep. ...

Market & Tech Reports  Updated at: 2025/02/25

sed 19.3% y/y to 5.859 million units. In this context, Chery Automobile is the top exporter and has been in the lead 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 Marke...

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

year October forecast Net sales 322.3 Up to 5% increase Around 320 237.3 Operating margin/operating income 7.0% 7.0% - 7.5% 5.6% (equivalent to about EUR 18 billion) 5.4% Automotive Division net cash flow 10.7 4.5 - 6.5 Around 2 3.3 Source: VW Annual Report 2023 (2024.3.13), Interim Report Q3 2024 (2024.10.30)   EVs delivered: Forecast for proportion of EV deliveries in 2024 is 9 to 11%   The number of EVs delivered in the January-Sept...

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

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 stabilization in demand have led to a lower full-year production outlook - now projected at 92.1 mn (+1.6% YoY) and representing a downgrade of 826k from Q3 2024.  -While most manufacturers' production forecasts were revised downwards or broadly unchanged, BYD's production forecast was revised upwards ...

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

roportion requirement of New Energy Vehicles by the government, which requires that, in principle, the proportion of 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...

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

R 11, Riddara RD6 pickup truck, Omoda C9 PHEV, BYD Shark 6 pickup truck, Zeekr 001 FR (LHD), Denza D9, etc. 2024 Motor Expo's entrance 2024 Motor Expo's venue   Related reports: Thailand International Motor Expo 2024 (1) Chinese OEMs (Dec. 2024) ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024) ASEAN (2) Increase in Chinese car production (Oct. 2024) ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs (Sep....

Market & Tech Reports  Updated at: 2025/01/16

g technologies and product plans, while Dongfeng Motor Corporation (Dongfeng) mainly introduced the concept of AI-driven differentiated technological innovation.   Related reports:SAE China 2024: New Energy Vehicles (Dec. 2024)Global Intelligent Vehicle Summit 2024: AI Cars (Nov. 2024)China Market Q3 2024 (Nov. 2024)Smart Driving Technology of XPeng and Li Auto (Sep. 2024)NIO’s Intelligent Technology (Sep. 2024)2024 China Auto Forum: High-leve...

Market & Tech Reports  Updated at: 2025/01/07

erena HEV, Xpeng X9 e-MPV, GWM Tank 700 Hi4-T, GWM Wey 80 PHEV, AVATR 11, Riddara RD6 pickup truck, Omoda C9 PHEV, BYD Shark 6 pickup truck, Zeekr 001 FR (LHD), Denza D9, etc. 2024 Motor Expo's entrance 2024 Motor Expo's venue   Related reports: ASEAN Vehicle Sales and Production Update (Q3 2024) (Nov. 2024) ASEAN (2) Increase in Chinese car production (Oct. 2024) ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs (Sep....

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

3,969,061 8.8% EU + UK（17 countries） 11,752,374 11,595,482 -1.3% Source: MarkLines Data CenterNote: 1. Passenger car production volumes include light-duty trucks.2. The 7 other EU member states are Portugal, Belgium, the Netherlands, Austria, Sweden, Finland, and Slovenia.     (GlobalData, Q3 2024)   According to GlobalData’s latest sales forecast (Q3 2024), Western European light vehicle (LV) sales volume is expected to increa...

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