xports to the United States in sectors such as automobiles and auto parts, machinery, rubber, etc. The background to this situation includes Thailand's expanding trade surplus with the United States and low operating rates in its manufacturing sector, and depending on the survey results, additional tariffs or other measures may be imposed. In response, the Thai government has established a special task force and intends to submit a written opinio...

Market & Tech Reports  Updated at: 2026/03/27

omotive platform is designed for use in real SDVs, processes input from eight cameras and controls up to eight high-resolution displays, FIGURE 1. Renesas packs up to 400 TOPS of AI performance into the chip’s housing, with chiplets increasing acceleration by a factor of four or more. In times of tariffs and trade restrictions imposed by the US administration, Renesas quietly hinted that, unlike companies such as Qualcomm, Nvidia, and AMD, it i...

Market & Tech Reports  Updated at: 2026/03/26

g stations, including "Level 2" charging stations that use 240V outlets, is approximately 77,000, which is equivalent to more than half of the total number of gas stations in the United States.   U.S. Customs and Border Protection (CBP) announced on February 23 that it has begun collecting new 10% tariffs on all imports, excluding those goods covered by exemptions. There is a possibility that the tax rate will be raised to 15% in the future, but...

Market & Tech Reports  Updated at: 2026/03/03

xpanded their share of the Mexican market by exporting SUVs and pickup trucks, combined with a shift to NEVs. On the other hand, exports to Russia have entered a downward adjustment phase due to a number of factors, including an increase in the vehicle scrapping tax in Russia, adjustments to import tariffs, and a high-interest financial environment. As a trade transit hub in the Middle East region, the UAE has become an important growth market fo...

Market & Tech Reports  Updated at: 2026/02/19

ast to increase by 3.8% YoY to 92.13 mn. -The global LV market has performed well in 2025, not only by comparison to the 2024 result, but also considering the turbulent nature of the macroeconomic picture, in particular the turbulence created in spring when the US administration announced increased tariffs on trading partners. For the first 11 months of 2025, global volumes were up over 4% YoY, putting the market on course for the best result of ...

Market & Tech Reports  Updated at: 2026/01/30

tput is also expected to remain stable at 140k units within the forecast horizon.Volkswagen GroupVolkswagen Group’s global LV build is set to contract by 3.8% YoY in Q4 2025, tempering full-year growth to 0.4% with 8.75 mn units built in 2025. Output has been affected by the introduction of Trump tariffs from April 3, 2025, with sales of group imports in the US falling by 21% YoY from Q2-Q4 2025. Despite the government intervention in the “pr...

Market & Tech Reports  Updated at: 2026/01/30

e current financial year, the GST rate cut, lower interest rates, better liquidity, reduction in inflation, favourable government policies, new models, a good monsoon, increasing rural income, etc., are a few of the factors to drive the two-wheeler segments. However, external factors such as higher tariffs in markets like Mexico and geopolitical tension may impact the supply chain as well as exports from India. Two-wheeler production volume (in...

Market & Tech Reports  Updated at: 2026/01/30

.9% y/y, but in Q4 sales slowed down in the two major markets of China and the United States, and the growth rate (18.0% y/y) fell short of the previous year's growth rate (27.1% y/y).   The year 2025 saw a series of changes in the environment related to electric vehicles, beginning with the Trump tariffs, followed by export restrictions on semiconductors and rare earths, and a review of CO2 emission standards in the EU. Sales of EVs are still s...

Market & Tech Reports  Updated at: 2026/01/26

pse in sales in Canada. In January-October, its volumes in the country are thought to have fallen by around 74% YoY. The political activity of CEO Elon Musk with the Trump administration turned off many Canadians in the earlier months of the year. Even after that association ended, a combination of tariffs, a lack of inventory, and the removal of federal and provincial rebates for EVs proved to be a perfect storm to devastate Tesla sales in Canad...

Market & Tech Reports  Updated at: 2026/01/14

.275 million units, reflecting a decrease of 6.7% y/y (up 0.2% m/m).   US media reports that demand for electric vehicles (EVs) is falling as the USD 7,500 federal tax credit for EV purchases ended at the end of September. In addition, prices are rising and sales are slowing as products subject to tariffs displace traditional non-tariff inventories. Some OEMs said their production and sales have been negatively affected by the global semiconduct...

Market & Tech Reports  Updated at: 2025/12/26

djusted basis. The annualized selling rate accelerated to 15.8 mn units/year in November, from 15.3 mn units/year in October. Although the lack of EV tax credits was again a drag on sales, the rest of the market performed relatively well, considering that economic concerns and cost pressures due to tariffs could have caused a much more severe slowdown than we have seen thus far. Average transaction prices were US$46,205 in November, down by US$20...

Market & Tech Reports  Updated at: 2025/12/19

.   Canada, Mexico, and Brazil are also accelerating policy support and infrastructure construction. Brazil has incorporated electric vehicles into its energy transition strategy and is attracting investment through tax incentives. Although Chinese companies in the Americas face challenges such as tariffs, lengthy certification procedures, and local production, some have established localization systems and are actively exploring overseas market...

Market & Tech Reports  Updated at: 2025/12/02

nesia Tbk of Indonesia and one other company for nickel. Ford Puma Gen-E (Photo:Copyright ©Ford) Tesla   The construction of a Gigafactory in Mexico, which was announced in 2023, was temporarily put on hold in July 2024 due to the uncertainty surrounding the potential implementation of tariffs announced by then-candidated Trump. Overseas production in India, Indonesia, and Thailand was also considered, but no concrete announcement ha...

Market & Tech Reports  Updated at: 2025/12/01

d compared to the same month last year, although growth slowed. EV sales in the U.S. in particular fell sharply, due to the expiration of the federal EV tax credit of up to USD 7,500 at the end of September.   At the U.S.-China summit held at the end of October, it was decided to reduce additional tariffs on both sides, and agreements were also reached that affect the entire automotive industry, such as easing restrictions on rare earth exports ...

Market & Tech Reports  Updated at: 2025/11/26

ter segment saw the biggest cut, with GST reduced from 28–31% to 18% across all fuel types.   Standard vehicles, including FHEVs and PHEVs, now stand at 40%, while BEVs remain at 5%. These changes have significantly lowered prices for several ICE models, narrowing the gap with xEVs. Impact of US tariffs   US President Trump announced that the baseline tariff on imports from India would rise to 25% and also threatened a penalty for India’s r...

Market & Tech Reports  Updated at: 2025/11/20

olt’s lithium-ion NMC batteries for automotive applications at the Northvolt facilities and will gradually integrate production of its own lithium-sulfur batteries at those locations as well. Lyten prismatic lithium-ion NMC cells from Northvolt   In consideration of the impacts from tariffs and trade barriers to the automotive industry, several suppliers exhibiting at The Battery Show North America chose to highlight their U.S. pr...

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

wait-and-see approach, such that vehicle transaction prices have not been cranked up, while deals coming through with trading partners are also helping to de-escalate pricing pressures moving forward. Recent agreements between the US and trade partners, including the EU, Japan and Korea, see import tariffs being set at 15%. ChinaEntering 2025, as the scrapping and renewal subsidy was extended and the price war situation changes, the domestic aut...

Market & Tech Reports  Updated at: 2025/10/29

jected to peak in 2025, before stabilizing at around 10 mn units in the medium to long term. Although demand in China is currently strong, this trend is not expected to last, and volumes in the country could fall significantly in 2024-37. Earlier this year, trade negotiations over the new US import tariffs were the biggest issue globally. However, deals with major markets have mostly concluded, and we anticipate that the group’s North American ...

Market & Tech Reports  Updated at: 2025/10/29

illion units through 2028. Production in China is expected to decrease below 500,000 units, while Japan is projected to maintain 800,000 units level, and in Mexico and the U.S., each around 500,000 units level. (GlobalData, September 2025) North America   In response to new US import tariffs, Nissan plans to relocate a portion of its Rogue production to the US. Currently, the Rogue is manufactured in both the US and Japan, with the...

Market & Tech Reports  Updated at: 2025/10/27

U.S., there was a rush to buy before the end of the federal tax credit for EVs at the end of September. In the U.K., the number plate switch led to an increase in overall new car sales, as in previous years in September.   In addition to developments in various countries regarding additional U.S. tariffs and China's restrictions on rare earth exports, we will continue to closely monitor the changes in preferential treatment for electric vehicle...

Market & Tech Reports  Updated at: 2025/10/27