shed after 2030; Exemption for low-volume manufacturers (less than 10,000 passenger cars/year and 22,000 vans/year) abolished in 2035; Separate proposal regarding sales of CO2-neutral fuels (eFuel, hydrogen, biofuels, etc.) consistent with EU regulations.   For heavy-duty vehicles, in February 2023, the European Commission announced a revised proposal, changing the reduction after 2030 compared to 2019 from the original 30% → 45%, and after 2...

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (October 2025) Electric vehicle sales in October increase 10.5% y/y to 1,783,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains) About this ...

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

ch (Zhejiang) Co., Ltd. HYCET Technology Co., Ltd. Analysis Report: Power Steering (Japanese Market)   Analysis Report: Power Steering (U.S. and European Markets)   Among the key vehicle operations of “go, turn, and stop”, the steering mechanism is an important product that affects steering performance. Looking back at the history of the popularization of automobiles, the introduction of power steering, which makes steering easier, along ...

Market & Tech Reports  Updated at: 2025/11/18

points y/y. Cumulative HV sales for the 2025 January to September period increased 15.2% y/y to 4.071 million units, accounting for 8.5% of total vehicle sales volume.   In China, new car launches continue thanks to government support measures that support car replacement purchases, and the strong performance is expected to continue through the end of the year. In the U.S., there was a rush to buy before the end of the federal tax credit for EVs...

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

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (June 2025) Electric vehicle sales in June increase 13.3% y/y to 1,483,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains) About this report...

Market & Tech Reports  Updated at: 2025/07/28

to South American markets VW: Production expansion for the fourth consecutive year, concerns over impact of U.S. tariffs Hyundai/Kia Group: Production of SUVs for the U.S. market transferred to the U.S. plant Chinese manufacturers: Tension in U.S.-China relations creates headwinds for new entrants Tesla, BYD, and Hon Hai (Foxconn) GlobalData Production Forecast: Mexico light vehicle production expected to be 3.56 million units in 2028 Mexi...

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

Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

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

ings from No. 6 the previous month. The BYD Seagull (3rd place, 37,000 units) and the Geely Xingyuan (6th place, 29,000 units) also ranked high, with sales of inexpensive small BEVs in the A-B segments being strong.     The following table shows electric vehicle sales by automaker (major OEMs, Tesla, and major Chinese electric vehicle manufacturers).   Electric vehicle sales of major OEMs (000 units) Maker 2024 2025 Y-o-Y Feb. Mar. Ap...

Market & Tech Reports  Updated at: 2025/03/26

ategorization changes.     The Tesla Model Y maintained the top spot with 56,000 units sold. In second place was the BYD Seagull with 37,000 units sold. The BYD Song PLUS and the Geely Xingyuan tied for third and fourth place with 28,000 units each, followed by the Xiaomi SU7 in fifth place with 23,000 units sold.   In January, two models launched in late 2024, the Xingyuan in fourth place and the Galaxy Starship 7 in eighth place, entered the...

Market & Tech Reports  Updated at: 2025/02/26

(Aug. 2024) Chinese Market Q1 2024 (May 2024)       According to a report by the National Bureau of Statistics of China in January 2025, GDP for the full year 2024 increased by 5.0% y/y to about CNY 134.9 trillion. Growth in the first quarter (Q1) of 2024 increased 5.3% y/y, 4.7% in Q2, 4.6% in Q3, and 5.4% in Q4.   In 2024, new vehicle sales (factory shipments) in China increased by 4.5% from the previous year to 31.436 million units. The gr...

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

IC-GM-Wuling brand     The Tesla Model Y maintained the top spot with 120,000 units sold. In second place was the BYD Seagull with 57,000 units. The Wuling Hongguang MINIEV moved up to the third position with 45,000 units sold. The Qin L and Model 3 tied for fourth and fifth places with sales of 43,000 units.   The Wuling Hongguang Mini EV experienced a decrease of 10.6% y/y, but an increase of 20.4% compared to the previous month, moving up f...

Market & Tech Reports  Updated at: 2025/01/24

n, Audi, Avatr, BMW, BYD, BYD Commercial, Deepal, Denza, Ford, Foton, Geely, Great Wall Motor, Honda, Hyundai, Isuzu, Jeep, Juneyao, Kia, King Long, Leapmotor, Lexus, Lotus, Maserati, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, Neta, Nissan, Omoda & Jaecoo, Peugeot, Pocco, Porsche, Riddara, Suzuki, Tesla, Toyota, Volvo, Wuling, XPeng, and Zeekr, along with motorcycle brands namely AJ EV, Alpha Volantis, BMW Motorrad, Deco, EM Motor, Felo, Hanway,...

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

n, Audi, Avatr, BMW, BYD, BYD Commercial, Deepal, Denza, Ford, Foton, Geely, Great Wall Motor, Honda, Hyundai, Isuzu, Jeep, Juneyao, Kia, King Long, Leapmotor, Lexus, Lotus, Maserati, Mazda, Mercedes-Benz, MG, MINI, Mitsubishi, Neta, Nissan, Omoda & Jaecoo, Peugeot, Pocco, Porsche, Riddara, Suzuki, Tesla, Toyota, Volvo, Wuling, XPeng, and Zeekr, along with motorcycle brands namely AJ EV, Alpha Volantis, BMW Motorrad, Deco, EM Motor, Felo, Hanway,...

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

IAA Transportation 2024: Alternative fuel vehicles for logistics BYD, Tesla, and European major commercial vehicle OEMs Summary BYD: World premiere of E-VALI light commercial vehicle and European premiere of EYT2.0 electric yard tractor Tesla: Semi BEV truck’s debut in Europe Stellantis: World premiere of the Opel Movano HYDROGEN Daimler Truck: eActros 600 BEV truck, GenH2 Truck equipped with fuel cell system, Actros L with ProCabin Volkswagen ...

Market & Tech Reports  Updated at: 2024/11/05

and 17% for vans, and abolished after 2030; Exemption for low-volume manufacturers (less than 10,000 passenger cars/year and 22,000 vans/year) abolished in 2035; Separate proposal regarding sales of CO2-neutral fuels (eFuel, hydrogen, biofuels, etc.) consistent with EU regulations. In February 2023, for heavy-duty vehicles, the European Commission announced a revised proposal, changing the reduction after 2030 compared to 2019 from the original...

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

mport tariff of 10%, with additional tariffs of 17.0% for BYD, 19.3% for Geely, and 36.3% for SAIC Motor. An additional tariff of 21.3% will be imposed on automakers who cooperated with the EU investigation and 36.3% on those who did not. In addition, a separate and lower 9% tariff rate was set for Tesla, which exports from its Shanghai factory after the EU Commission deemed that it benefited from fewer Chinese subsidies than domestic manufacture...

Market & Tech Reports  Updated at: 2024/09/27

T Technology Co., Ltd. Click here for Analysis Report: Power Steering (Japanese Market) Click here for Analysis Report: Power Steering (U.S. and European Markets)   Among the key vehicle operations of “go, turn, and stop”, the steering mechanism is an important product that affects steering performance. Looking back at the history of the popularization of automobiles, the introduction of power steering, which makes steering easier, along ...

Market & Tech Reports  Updated at: 2024/09/27

es will gradually increase to 2.05 million in 2027 Cybertruck, which began volume production in 2024 (Source: Tesla Q1 2024 Update)   Tesla's global production and sales volume continued to increase on an annual basis, reaching 1.84 million units produced and 1.81 million units sold in 2023, but both production and sales began to decline in 2024, mainly due to lower sales in the increasingly competitive EV market in China. In the second...

Market & Tech Reports  Updated at: 2024/08/19

er the previous month. The UK maintained its fifth place position with 22.4%, up 1.0 point from the previous month.   China's growth was particularly remarkable, expanding its share by 14.6 points compared to the same month last year. Electric vehicle sales volume in China increased 38.5% y/y to 823,000 units, a large gap compared to the lower ranked countries. Electric vehicle sales in China account for 70.7% of the total among the 15 countries...

Market & Tech Reports  Updated at: 2024/06/26

nnouncements of automobile-related investment plans.   About 90% of the vehicles produced in Mexico are destined for export, mainly to North America, while domestic sales are more clearly structured to meet demand by importing small cars from China, South America, India, and other countries. In 2023, the number of imported cars reached 904,000, accounting for 66.4% of total sales. Sales of Chinese-made vehicles increased by 53.2% y/y to 266,000 ...

Market & Tech Reports  Updated at: 2024/06/14