he value of auto parts production in 2024 increased 1.2% y/y to USD 121.69 billion, a record high for the third consecutive year.   However, the impact of the U.S. Trump administration's tariff policies on both the U.S. and Mexican economies is beginning to become apparent, with real GDP growth in Q4 (October-December) of 2024 negative (-0.6%) for the first time in three years (+1.3% for the full year of 2024). Preliminary GDP figures for Januar...

Market & Tech Reports  Updated at: 2025/07/11

diator Europe Peugeot e-2008 Zhejiang Sanhua (V) Zhejiang Sanhua Xiezhong International Thermal Management (formerly Nanjing Xiezhong Auto-Airconditioner) Fiat 500e Modine (P) Magna International Mahle Behr BMW i4 Zhejiang Sanhua (P) Bosch Modine Volkswagen ID.5 Hanon (V) Hanon Hanon Audi Q4 e-tron Mahle Behr (V) Mahle Behr Valeo Volvo XC40 Recharge Mahle Behr N/A Mahle Behr Renault Megane E-Tech Denso (P) GMB Highly Marelli Merce...

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

lobal NEVs (including BEVs, PHVs, and FCVs) sales for the same period grew 24.2% y/y to 15.229 million units. In 2024, NEV sales in the Chinese market will account for about 72.5% of the global total.   The number of vehicles equipped with drive batteries has also increased accordingly. From Q1 to Q4, the installed capacity was 85GWh, 118GWh, 143GWh, and 202GWh, respectively, and although monthly installed capacity growth slowed somewhat in the ...

Market & Tech Reports  Updated at: 2025/06/12

ales trends by PHV model BYD enters the Japanese PHV and mini BEV markets Global sales of BEVs (including range extender EVs) were dominated by Tesla until 2023, but BYD rapidly expanded its sales volume, putting it in competition with Tesla. By quarter, BYD has exceeded Tesla's sales volume since Q4 2024 and has been the top BEV seller for two consecutive quarters through the most recent quarter, Q1 2025 (Figure 1). On the other hand, in terms...

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

s, HVs, and MHVs in addition to EVs (May. 2025)Bangkok International Motor Show 2025 (2) Japanese & European OEMs (May. 2025)Bangkok International Motor Show 2025 (1) Chinese OEMs (Apr. 2025)Indonesia International Motor Show 2025 (IIMS 2025) (Mar. 2025)ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)   2025 Q1 ASEAN Countries Sales Comparison (units) Country Mar. 2025 Mar. 2024 Y-o-Y Jan.-Mar.2025 Jan.-Mar.2024 Y-o-Y Th...

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

e affected by the tariff increases being implemented by U.S. President Trump going forward.   Related Reports:Bangkok International Motor Show 2025 (2) Japanese & European OEMs (May. 2025)Bangkok International Motor Show 2025 (1) Chinese OEMs (Apr. 2025)ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailand International Motor Expo 2024 (1) Chinese...

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

1,601,011 visitors, a number comparable to that of the 45th BIMS.   The 47th Bangkok International Motor Show is scheduled to take place from March 25 to April 5, 2026.  Related reports: Bangkok International Motor Show 2025 (1) Chinese OEMs (Apr. 2025)ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailand International Motor Expo 2024 (1) Chinese...

Market & Tech Reports  Updated at: 2025/05/08

1,000A, achieving the world’s highest mass-produced peak charging speed of 2 km per second. This disruptive technology has given BYD a strong impetus to continue expanding its market share, so we have continued to increase its short-term and medium-term forecasts in this report compared with the Q4 2024 version.GM GroupGlobal output in 2024 did not fare nearly as well, plunging by 10.6% YoY (-531k units). Production in China was a sore spot fo...

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

car bookings alone showing a 44.8% growth YoY. The event attracted 1,601,011 visitors, a number comparable to that of the 45th BIMS.   The 47th Bangkok International Motor Show is scheduled to take place from March 25 to April 5, 2026.   Related reports: ASEAN Vehicle Sales and Production Update (Q4 2024) (Feb. 2025)Thailand International Motor Expo 2024 (2) Japanese OEMs and Others (Jan. 2025)Thailand International Motor Expo 2024 (1) Chinese...

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

022 Hyundai Mobis Hyundai Mobis Hyundai Mobis Veoneer Hyundai-Kia Hyundai Elantra (USA) CN7 2022 Continental Hyundai-Kia Hyundai Creta (Brazil) SU2 2021 Autoliv Autoliv Autoliv Hyundai-Kia Kia Telluride (USA) ON 2024 Hyundai Mobis Veoneer Hyundai-Kia Kia Sorento (USA) MQ4 2024 Autoliv Veoneer Hyundai-Kia Kia Sorento (USA) MQ4 2023 Autoliv Hyundai-Kia Kia Forte (Mexico) BD 2022 Hyundai Mobis ...

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

scope of eligibility for disposal/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 Q...

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

3k units/year, compared to 562k units/year in February, which was the highest in more than six years. With recent tax cuts on many vehicles and greater availability of imported models, the market has now recorded three straight months with selling rates over 500k units/year for the first time since Q4 2018.   Sales(units) Selling rate(Units/year) Mar2025 Mar2024 PercentChange Year to date2025 Year to date2024 PercentChange Mar2025 Year t...

Market & Tech Reports  Updated at: 2025/04/18

rogen fuel cell plant at its Ulsan Plant. The new plant will be Hyundai's second hydrogen fuel cell production site after HTWO Guangzhou in China. In the first half of 2025, the company plans to release a production model of its hydrogen fuel cell SUV concept car, the INITIUM.     (GlobalData, Q4 2024)   According to GlobalData's sales forecast (Q4 2024), Hyundai Group 's light vehicle sales are expected to decrease by 1.69% year-on-...

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

another, seeking to launch competitive NEV models through partnerships.   Related reports:Chinese Market 2024 Sales Ranking by Model (Mar. 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 Q4 2024 (Jan. 2025)Chinese Market: NEV Sales Trend in 2024 (Dec. 2024)China NEV Alliances (Aug. 2019) NIO’s Second Manufacturing Base Branch ...

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

,696 150,000 140,000 165,492 90,579 Capital investment 144,300 94,100 121,300 170,000 170,000 80,100 107,200 Depreciation and amortization 90,300 106,000 113,300 115,000 115,000 84,800 87,500 R&D expenses 134,600 128,000 146,300 160,000 160,000 100,800 116,000 Source: Mazda   (GlobalData, Q4 2024)   According to GlobalData sales forecast (Q4 2024), Mazda’s light vehicle sales in 2028 will be 1.33 million units, up by 21.1% com...

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

ar. Chinese EV manufacturers have been entering the Indonesian 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...

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

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 Spain) Buderus GussF) Fritz Winter EisengiessereiR) Fritz...

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

15,863 10.1% -1.2% Middle East & Africa 10,560 10,097 6.4% -4.4% China, India, Asia and Oceania 3,528 1,993 1.3% -43.5% Maserati 2,335 1,040 0.7% -55.5% Other 3,965 5,425 3.5% 36.8% Global Sales 189,544 156,878 100.0% -17.2% Source: Stellantis Full Year 2024 Results     (GlobalData, Q4 2024)   According to GlobalData’s latest report (Quarter 4, 2024), Stellantis’ global sales are expected to decrease by 7.5% year-over-...

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

Tesla) BYD Song PLUS DM-iMid-size SUV PHEV(Source: BYD) BYD SeagullCompact hatchback BEV(Source: MarkLines photo)   Related Reports: 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 Q4 2024 (Jan. 2025)Chinese Market: NEV Sales Trend in 2024 (Dec. 2024)   The table below shows the top 20 models ranked by sales volume in the Chine...

Market & Tech Reports  Updated at: 2025/03/14

hangan Mazda Mazda Sedan/Hatchback Mazda3 63,101 49,419 29,563 EZ-6 - - 3,462 SUVs CX-5 17,359 17,884 32,711 CX-50 0 10,363 7,337 CX-30 11,063 2,870 2,564 CX-8 1,227 780 - Total 92,750 81,316 75,637 Grand total 2,052,861 2,235,698 2,342,590 (Source: MarkLines database) (GlobalData, Q4 2024) According to GlobalData’s sales forecast (Q4  2024), Changan Auto Group's light vehicle sales in 2025 are expected to drop by 1.1%...

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