we could see 1-2 million fewer vehicles sold per annum over the next few years if deals are not done and some tariffs are reversed.-While the base forecast presented in this report does focus on growth, we will be providing ongoing updates as the tariff story becomes clearer, with a global downward revision a working assumption unless the US reverses course. ChinaIn February 2025, China’s LV market showed steady growth. Despite the impact of t...

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

detailed financial figures for the company alone have not been made public. In November 2021, the parent company, Joyson Electronic, announced a restructuring of its safety business to increase its market share in China, including the establishment of a holding company for the business and a major revision of its investment relationship. For the active/passive safety business, a further reorganization within the group may be implemented, includi...

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

Commercial Vehicle Level 4 Automated Driving - Current Status and Prospects Presentations from ReVision Commercial Vehicle & Logistics Summit 2025 Summary Contribution as a Commercial Vehicle Manufacturer to the Transformation of the Logistics Industry (Isuzu) Two advanced technologies in the commercial vehicle and logistics industries (Macnica) The Challenge of Maintaining and Securing Public Transportation in Future (Kawasaki City) Challenges T...

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

including in the areas of EV tax credits, emissions standards, and autonomous vehicle regulation. Should tariffs materialize on Canada and Mexico, there is a downside risk to US sales of 500k to 1 million units per year.-From the previous update of this report, GlobalData has made further downward revisions to the European LV forecast. The lacklustre performance of Western Europe in 2024 has led GlobalData to take a more cautious view of market ...

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

ing the loosening of monetary policy, in particular. However, it has trimmed the next few years due to the stickiness in vehicle pricing. The UK LV sales are projected to increase after 2025 and reach 2.57 million units in 2027. France  The latest update to the French LV market has seen a downward revision across the forecast. The reduction averages circa 120k units/year. For the 2024 full year, French LV market is expected to shrink by 2.6% y/y...

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

10.3% 8.6% Group 6,091 16,028 20,458 19,660 15,334 10,417 Net profit Group 4,031 11,050 14,809 14,531 11,371 7,806 Source: Fact Sheet for each year and periodNote 1: Group figures are after reconciliation.      Note 2: RoS: Return on Sales (EBIT/sales); RoE: Return on Equity.   Downward revision of full-year 2024 earnings forecast   As of July 2024, the Mercedes-Benz Group's full-year earnings forecast was for sales to be on par with...

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

upward by USD 500 million from the previous range of USD 12.5 billion to USD 14.5 billion (in the first quarter report) to USD 13 billion to USD 15 billion. The initial forecast (at the time of the 2023 financial results report) was USD 12 billion to USD 14 billion, so this marks the second upward revision of the 2024 EBIT forecast following the first quarter report.   Q3 2024 Financial Results The Q3 2024 (July-September) results reported in ...

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

billion and the high household debt that has already exceeded 91% of Thailand’s GDP. The FTI also pointed out that the delayed budget bill for the 2024 fiscal year has also delayed new activities and investments of both public and private segments.   On November 25, the FTI announced a downward revision of its 2024 vehicle production target to 1.5 million units (originally set at 1.7 million units), as production for domestic sales is unlikel...

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

l sales expected to be BEVs by 2030 New model launch plan: Releasing new 5 Series Touring, M5, and various MINI models Munich Plant to produce exclusively EVs from 2027 China: BMW is active in premium EV segment BMW Group’s global sales decline by 4.5% to 1.75 million units in Q1-Q3 2024 Downward revision of full-year 2024 earnings forecast GlobalData Production Forecast: BMW Group’s light vehicle production expected to be 2.71 million units ...

Market & Tech Reports  Updated at: 2024/11/18

ReVision AD, ADAS & SDV Summit 2024 Ansys, Turing, Nissan, SBD Automotive, Aeris Communications Summary Approaches required for safety design and verification in ADAS and autonomous driving: Insights from Ansys and BMW case study (Ansys Japan K.K.) The frontlines of autonomous driving AI development: Understanding the global system and predicting the future through the generative world model 'Terra' - shaping the future of autonomous driving (Tur...

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

ReVision EV & Electrification Summit 2024 Thermal management tech for electrified vehicles, high-voltage chargers, charging services Summary Future updates for vehicle thermal management necessary for the evolution of EVs and electrified vehicles (Suzuki Motor Corporation) Cutting-edge developments in charging services: Efforts in high-voltage chargers and providing charging services during 'interim times’ (Takaoka Toko Co., Ltd.)   The ReVisi...

Market & Tech Reports  Updated at: 2024/11/01

Global Top 10 Countries Sales Forecast (Q3 2024) Global sales to increase 1.9% to 88M units in 2024, slight downward revision from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q3 2024, global light vehicle sales are forecast to increase by 1.9% YoY to 88.5 mn. -The global Light Vehicle (LV) market continues to grow in year...

Market & Tech Reports  Updated at: 2024/10/29

under the NEV regulations, and a penalty of revocation of the vehicle license under the CAFC regulations. Credits can be traded between companies and within a company between the regulations. The NEV introduction targets were raised to 14% for 2021, 16% for 2022, and 18% for 2023. In the July 2023 revision, the targets were 28% for 2024 and 38% for 2025 and the method of calculating the NEV count was revised, making the regulation approximately ...

Market & Tech Reports  Updated at: 2024/10/18

% y/y. In Thailand, Subaru and Suzuki plan to cease their CKD assembly operations at the end of 2024 and 2025, respectively. Meanwhile, Changan Automobile and Chery Automobile intend to start operations at their new plants in 2025. On July 25, 2024, the Federation of Thai Industries made a downward revision on the production target for 2024 from 1.9 million units to 1.7 million units. Production for exports remained to be 1.15 million units, whil...

Market & Tech Reports  Updated at: 2024/10/02

rebate of MYR 2,400 will be given to buyers with an annual income below MYR 120,000 Philippines The sale of internal combustion engine vehicles in the Philippines will effectively end by 2040. Import tariff exemption (for five years from January 2023)・ Applies to EVs and EV parts・ May 2024 revision : HVs and PHVs will also be included Vietnam Banning the import and production of internal combustion engine vehicles from 2040 Special c...

Market & Tech Reports  Updated at: 2024/09/04

, even though first moves to loosen monetary policy have now been made by the ECB and the Bank of England. Vehicle pricing is still elevated — despite the supply constraints that caused the sharp uptick in vehicle prices in recent years having faded — and does not show signs of a major downward revision in the near-term. Meanwhile, the BEV market is also losing momentum. We now forecast the full year result to only just eclipse 2023. The P...

Market & Tech Reports  Updated at: 2024/08/08

Global Top 10 Countries Sales Forecast (Q2 2024) Global sales to increase 2.6% to 89M units in 2024, slight downward revision from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2024, global light vehicle sales are forecast to increase by 2.6% y/y to 89 million units. -Global Light Vehicle sales remain on course for a yea...

Market & Tech Reports  Updated at: 2024/07/26

subsidies for the simultaneous purchase of multiple EVs. In addition, EVs for testing and research, which were not previously eligible for purchase subsidies, can receive government subsidies. 2024～ On February 6, 2024, the Ministry of Environment announced the “2024 Electric Vehicle Subsidy Revision”. Full-scale subsidies will be offered to EVs that cost less than KRW 55 million, which is reduced by KRW 2 million from the previous year....

Market & Tech Reports  Updated at: 2024/07/25

ence Act (EU)Proposal concerning batteries and waste batteries (EU)Development Plan for the Circular Economy (CHN)Chemical Substances Control Law (JPN)Water Pollution Prevention and Control Law (CHN)Carbon Border Adjustment Mechanism (EU) Climate Change Disclosure (USA)New EU Battery Directive (EUR)Revision of End-of-life Vehicles Directive (EU)Cybersecurity Risk Governance - Registrants (USA)Circular Economy Development Plan (CHN)Corporate Gover...

Market & Tech Reports  Updated at: 2024/06/04

an impartial third party without resorting to litigation.* Business Turnaround ADR: Reconstruction of a company in financial difficulty without resorting to legal procedures such as the Corporate Rehabilitation Law and the Civil Rehabilitation Law. The Corporate Relief Law was included in the 2007 revision of the Law on Special Measures for Industrial Revitalization. Consent of all creditor financial institutions is required to reach an agreemen...

Market & Tech Reports  Updated at: 2024/05/30