d 43,104 units in 2024, increasing around 2.5 times from the previous year. About 90% of these EVs are the products of nine Chinese OEMs. At the same time, sales of HVs amounted to 54,917 units in 2024, 96% of which were the models of Japanese OEMs.   Regarding activities related to EV production, Vietnam’s VinFast as well as China’s BYD and GAC Aion have been building new EV plants in Indonesia and plan to start manufacturing EVs by the end...

Market & Tech Reports  Updated at: 2025/06/13

anasonic installed a new 4680 production line at its Gigafactory in Nevada to begin mass production, while at the same time began construction of a 4680 test line within its Japanese plant, with trial production beginning in early 2022. In February 2022, Panasonic decided to build a 4680 production facility at its Wakayama Plant, with the start of production planned from March 2023 to March 2024. In September 2024, Panasonic Energy Co., Ltd. anno...

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

Japan 5 (Iwatsuki (disc brakes, drum brakes), Okayama (drum brakes), Yamagata (disc pads), Fukushima (linings), Tatebayashi (caliper casting materials)) Americas 2 (Glasgow Plant (Kentucky, USA), Mexico Plant) Europe 1 (Slovakia Plant) China: 2 (Guangzhou, Suzhou) Asia: 4 (Thailand 2, Indonesia 1, Vietnam 1) Business overview by region: Domestic Japanese operations In the fiscal year ending March 2024, sales in the Japanese market reached JP...

Market & Tech Reports  Updated at: 2025/05/29

m 45-50% in 2025 to 70-80% in five years. In the initial phase, the Omoda C5 compact electric SUV will be imported and sold, followed by the Jaecoo 6 compact electric SUV and the Jaecoo 7 and Jaecoo 8 compact PHV SUVs. According to BOI, Omoda & Jaecoo also plans to invest in a battery pack assembly facility project in Thailand. Wuling EV Primus Co., Ltd., Wuling’s exclusive EV distributor, plans to produce six EV models at its Chonburi Plant ...

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

te to the seating position. In August 2019, the company announced the joint development of a front passenger airbag for oblique frontal impact with Honda’s R&D center, which is Honda's U.S. development site. In April 2019, Autoliv began production of pedestrian protection airbags in Japan. A test facility was introduced in Japan and the product was developed jointly with a Japanese OEM. In addition to pedestrian protection, the system can also ...

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

ess that eliminates the need for welding and assembly by integrally forming the car body). The new line is scheduled to be completed in August 2025 and to start operation in 2026. On September 27, 2024, Kia unveiled the Gwangmyeong EVO Plant, Hyundai Motor Group's first dedicated EV manufacturing facility. The Gwangmyeong Plant 2 was remodeled over the course of a year to be dedicated to EVs, and KRW 400 billion was invested to transform the pl...

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

, thermal management, and vehicle architecture. Overseas BYD expanded into Indonesia in January 2024. In July, the EV MPV M6 was released. In March 2024, the company entered Greece and released the Atto 3 and Seal. It then expanded into Kazakhstan in April 2024. In July 2024, the company entered Vietnam and released the Seal, Atto 3, and Dolphin. In July 2024, the company entered Senegal and released the Atto 3. In August 2024, the company ent...

Market & Tech Reports  Updated at: 2025/02/18

ctured: E1-51kWh, E2-51kWh, and E2-64kWh. New vehicle models MG Motor Indonesia launched the ZS EV subcompact electric SUV and the MG4 EV hatchback EV CKD models in January 2024. The MG ZS EV was the first electric vehicle (EV) model to be assembled at the MG Motor plant in Cikarang, West Java. Vietnam KD plant In February 2023, TMT Automobile Joint Stock Company (TMT Motors) signed a strategic cooperation agreement with SAIC-GM-Wuling (SGMW)...

Market & Tech Reports  Updated at: 2024/12/20

nd 39,048 62,086 -37.1% 130,632 180,739 -27.7% 438,659 586,870 -25.3% Indonesia 72,667 79,919 -9.1% 223,200 249,351 -10.5% 633,218 755,778 -16.2% Malaysia 58,032 68,174 -14.9% 203,679 205,781 -1.0% 594,037 571,957 3.9% Philippines 39,542 38,628 2.4% 118,028 112,428 5.0% 344,307 314,843 9.4% Vietnam 36,585 25,375 44.2% 90,701 72,600 24.9% 225,583 209,927 7.5% Singapore 4,945 2,919 69.4% 14,401 8,862 62.5% 36,854 26,445 39.4% (Source: ...

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

t tariffs on Chinese BEVs from 5 July 2024 – including the BMW iX3, Mini Cooper and Aceman BEVs, though lower than the original proposal at 30.8% – will damage profitability, at least until the end of 2025 when the Mini Cooper and Aceman BEVs are added to Oxford and the iX3 moves to BMW’s new facility in Debrecen, Hungary. The prospect of Chinese reprisals will also concern the Group with 71% of its global sales split almost equally between...

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

e U.S.   Renault In January 2022, the company announced a goal of increasing European sales to 100% BEV by 2030. However, the structure of the Renault-Nissan Alliance has changed, and the company has established a BEV business company, Ampere, and launched the Innovation Battery Cell Laboratory, a facility for prototyping and evaluating future batteries. It has also changed its electrification strategy, establishing a joint venture with Geely Au...

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

necessary to expand sales to other companies in cooperation with Hanon Systems in the future.   3) Manufacturing sites and R&D facilities Denso Highly Marelli Mahle Japan Sanden Mitsubishi Heavy IndustriesThermal Systems Valeo Japan ClimateSystems Asia Pacific Japan Manufacturing siteR&D facility Manufacturing siteR&D facility Manufacturing siteR&D facility Manufacturing siteR&D facility Manufacturing siteR&D facility Manufacturing sit...

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

reduction of CO2 emissions from vehicle travel by combining its route optimization and energy efficiency estimation technologies with the "Piomatix" mobility AI platform. Zenrin also has expertise in collecting and managing map information covering road information throughout Japan and EV charging facility POI (Point of Interest) data. The two companies will develop and provide highly accurate driving range information that will help solve EV is...

Market & Tech Reports  Updated at: 2024/10/03

is said that CO2 emissions will be reduced by more than 50% compared to the conventional level. A new plant (Monterrey Plant, Tapex Mexicana, S.A. de C.V.) was established in northeastern Mexico, and production of airbag cushions began in March 2021. Cushion production is concentrated in Mexico and Vietnam in order to increase cost competitiveness, and the operation of this new plant increased the annual production capacity by about 8 million uni...

Market & Tech Reports  Updated at: 2024/09/12

ating China: Motorcycle production at 17 Million units; Yadea takes off Indonesia: Motorcycle sales exceed 6 million units; Enhancing electric mobility ecosystem Thailand: Motorcycle production at 2.5 million unit level; Becoming production base for large motorcycles Production and sales volumes in Vietnam, the Philippines, and Malaysia   This report summarizes production and sales volumes of motorcycles (motorcycles, scooters, etc.) around the ...

Market & Tech Reports  Updated at: 2024/09/10

olicy: New EV preferential policies to be implemented from 2024 to 2027 Indonesia's electrification policies: CATL and LGES to build battery plants Malaysia's electrification policy: Road tax on EVs/FCVs will be levied according to motor output from 2026 Electrification policies in the Philippines, Vietnam, and Singapore   The ASEAN market is moving toward the electrification of vehicles with the goal of achieving carbon neutrality. To promote t...

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

evelopment system from software system requirements to unit design/evaluation and system evaluation. In May 2020, to increase ECU development resources for automotive components in North America, Canadian JTEKT subsidiary Koyo Canada Inc. announced the acquisition of Halifax R&D, an ECU development facility owned by KSR International. Halifax R&D has a track record of developing H-EPS MCUs (Motor Control Units) for the U.S. and European markets, ...

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

ring established NHK Seating Mizushima Co., Ltd., as the nearest seat supplier, in 2017 and began operations from 2018.   Manufacturing sites and R&D facilities ToyotaBoshoku NHK Spring Tachi-S Fuji Seat DeltaKogyo SNIC TS Tech Toyo Seat HouwaKogyo Asia/Oceania Japan Manufacturing site R&D facility Manufacturing site R&D facility Manufacturing site R&D facility Manufacturing site R&D facility Manufacturing site R&D facility Manufacturing...

Market & Tech Reports  Updated at: 2024/08/01

hina for supplying minerals to produce batteries. The government is planning to set up partnership with countries rich in natural resources such as Canada, the Philippines, and Malaysia to secure key minerals. The government has already signed related MOUs with Australia, Uzbekistan, Indonesia, and Vietnam. In addition, the government is enhancing its support for technology development. The government’s support is expected for development of al...

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

PS-related development sites (two vehicle development sites and three software development sites). Details are as follows. Vehicle development: 2 (Schwäbisch Gmünd, Germany; Shanghai, China) Software development: 3 (Hyderabad, India (from February 2022); Balewadi, India (from April 2022); Hanoi, Vietnam (from April 2022)) Construction will begin on three more sites from May 2023, for a total of eight sites (four for vehicle development and f...

Market & Tech Reports  Updated at: 2024/07/19