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Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows
t to mid-size, as well as SUVs. The mid-size sedan MG5 accounted for nearly half of the company’s sales in Mexico (44.5% in 2024). MG has also been adding various electric vehicles to its lineup since 2023. These include the subcompact HEV MG3, the compact BEV sedan MG4 and the B-class BEV SUV ZS, as well as the C-class PHEV SUV HS. The flagship BEV, the MG4, is available in three versions: "Style", "Extended Range" and "XPower". The XPower ...
Market & Tech Reports Updated at: 2025/04/30
Chinese OEM Overseas Expansion Activities: SAIC, Great Wall Motor
,000 drive batteries per year to supply MG-branded EVs. The plant will produce lithium iron phosphate batteries and nickel-manganese-cobalt (NMC) batteries (E2). Three types of battery packs will be manufactured: 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 ass...
Market & Tech Reports Updated at: 2024/12/20
ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs
4 Wuling Binguo Released in July 2024 Geely Zeekr X Released in July 2024 Geely Radar Introduced in July 2024 Indonesia Honda e:N1 Announced in July 2024 Mitsubishi L100 EV Released in July 2024 smart #3 Scheduled for release in 2024 Hyundai Motor Ioniq 5 N Announced in July 2024 MG ZS EV, MG4 EV Released in January 2024 MG Maxus 9, ES EV Released in February 2024 BYD Seal, Atto 3, Dolphin Launching in 2024 BYD M6 Introduced...
Market & Tech Reports Updated at: 2024/09/04
ASEAN Vehicle Sales and Production Update (Q1 2024)
potential to grow quickly (February 13, 2024) https://www.marklines.com/en/news/303080 BYD to reportedly set up new EV plant in Indonesia with annual capacity of 150,000 units (January 23, 2024) https://www.marklines.com/en/news/301854 MG Motor Indonesia launches locally-assembled electric SUV MG ZS EV and hatchback MG 4 EV (January 11, 2024) https://www.marklines.com/en/news/301238 Malaysia Proton’s suppliers facing difficulties as more ...
Market & Tech Reports Updated at: 2024/05/14
Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market
nched first in Indonesia. It is priced from IDR 629 million. BYDDenza D9 Premium MPV The Denza D9 was launched in February 2024. This model is under the Denza high-end brand that BYD and Mercedes-Benz have jointly developed. It is based on BYD’s e-platform 3.0 and offers a range of 600 km. MG ZS EV Subcompact electric SUV The locally assembled model was released in January 2024. It is equipped with a 50.3 kWh lithium-ion battery and offers ...
Market & Tech Reports Updated at: 2024/04/12
SAIC: 3.5M NEV Sales by 2025, Launching 14 New Smart EV Models Overseas
a's largest state-owned telecommunications company), and PT Bank Mandiri Tbk (Mandiri, Indonesia's largest state-owned bank) in areas such as construction of charging infrastructure and connectivity. PT SGMW Motor Indonesia’s MG CKD project started operations in December 2023, with the MG4 and EZS rolling off the line. India In November 2023, SAIC formed a strategic alliance with Indian steelmaker JSW Group. SAIC Group accepts JSW Group as ...
Market & Tech Reports Updated at: 2024/03/25
Bharat Mobility Global Expo 2024 (1) EVs and Passenger Vehicles in India
in India Tata Motors: Nexon iCNG Concept, acti.ev electric architecture based Punch.ev Mahinda & Mahindra: Flex Fuel Vehicle prototype, BE.RALL-E electric SUV concept Toyota: Innova HyCross flex fuel prototype, Lexus ES 300h and UX 300e Kia: Luxury electric EV6, X-Line variants of Carens MG Motor: ZS EV and electric vehicle lineup, hydrogen fuel storage tank, high voltage battery pack VW Group: Latest models from Škoda, Volkswagen, Audi, Porsch...
Market & Tech Reports Updated at: 2024/03/08
Chinese Market 2023: Sales Exceed 30m; BYD Dominates NEV Market
GAC Toyota 249.8 229.2 10 Han BYD 274.0 228.4 SUVs Model name Manufacturer 2022 (000s units) 2023 (000s units) 1 Model Y Tesla (Shanghai) 455.1 646.8 2 Song BYD 481.6 640.6 3 Yuan BYD 229.0 428.6 4 Haval H6 Great Wall Motor 288.1 273.3 5 CS75 Chongqing Changan 237.6 253.6 6 MG ZS SUV SAIC Passenger Vehicle 174.9 251.3 7 Tiggo 7 Chery Automobile 153.8 236.5 8 Aion Y GAC Aion 119.7 228.6 9 CR-V Dongfeng Honda 229.5 216.6...
Market & Tech Reports Updated at: 2024/03/06
Indian OEMs Investment and Future Plans (2)
will increasingly become the source for engines, gearboxes, and components for other global markets. MG Motor is owned by SAIC Motor China. It started manufacturing in India in 2019 with the acquisition of a former GM plant in Halol. MG Motor produces connected SUV MG Hector, electric SUV MG ZS EV, EV for urban mobility MG Comet, SUV MG Gloster, and MG Astor. Expansion plan and focus on clean mobility MG Motor fuel cell vehicle at...
Market & Tech Reports Updated at: 2023/12/28
Thailand International Motor Expo 2023 (1)
e achieved in 3.48 seconds. IM LS6's interior IM LS6's rear side MG4 Electric MG also announced at the show that its first BEV model to be manufactured in Thailand will be the new MG4 Electric. Other MG models MG ES MG EP MG 5 MG HS MAXUS 9 MG ZS EV EV Primus's press stage, presenting Wuling's models The Thai multi-brand EV distributor, EV Primus, the sole distributor of Wuli...
Market & Tech Reports Updated at: 2023/12/27
Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (October 2023)
anges in the content of the environmental bonus, but EV sales turned around, increasing in October due to strong sales of the Skoda Enyaq iV and MG MG4. The MG4 of the SAIC Group is a China-produced model, and around 10,000 units are exported from China each month. In addition to the MG4, the MG ZS SUV is also exported from China, and MG sales are on the rise in Europe and other countries. In addition to MG, exports of all brands in China are ...
Market & Tech Reports Updated at: 2023/11/27
Indian passenger car sales rank third globally in 2022
ehicle sales in India. Tata Motors is the largest electric vehicle OEM in India for passenger cars. Besides Tata Motors, MG Motors, Hyundai, Mahindra, and Kia are other major OEMs for electric vehicles. OEM Models EV Sales in 2022(units) Tata Motors Tiago.evTigor.evNexon EV 42,496 MG Motors ZS 4,494 Hyundai Kona 933 Kia Motors EV6 430 Mahindra eVerito 244 (Source: Data based on MarkLines statistics, press releases from OEMs) M...
Market & Tech Reports Updated at: 2023/09/19
China Market H1 2023: New Vehicle Sales at 13.24 Million, NEV Sales Up 44.1% to 3.747 Million
ing Changan 88.1 92.4 10 New Passat (NMS) SAIC SAIC VW 87.4 91.6 SUVs Model name Corporate group Manufacturer 2022Jan-Jun(000s units) 2023Jan-Jun(000s units) 1 Model Y Tesla Tesla (Shanghai) 179.0 316.6 2 Song DM/Song PLUS DM BYD BYD 131.0 229.9 3 Yuan PLUS BYD BYD 54.8 197.8 4 MG ZS SUV SAIC SAIC Passenger Vehicle 54.5 126.5 5 Haval H6 Great Wall Motor Great Wall Motor 136.9 116.8 6 CS75 Changan Chongqing Changan 117.4 114....
Market & Tech Reports Updated at: 2023/08/21
EV Charging Technology and Infrastructure Development in India
ing standards. In India, almost all OEMs are providing complementary chargers with electric vehicles. Details are as below. Passenger Vehicle OEM Model Name Charging Standard Partnership Tata Motors Nexon EV CCS 2/ Type 2 TATA Power Tiago.ev CCS 2/ Type 2 Tigor.ev CCS 2/ Type 2 MG Motors ZS EV CCS 2/ Type 2 Fortum Charge & Drive IndiaTata PowerExicomJio-bpeChargeBaysDelta Electronics IndiaBPCL Comet EV CCS 2/ Type 2 Hyundai IONIQ 5...
Market & Tech Reports Updated at: 2023/07/28
Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan
500 million (approximately JPY 2 billion). The entire project will be completed in 2025. New car announcement In March 2023, the MG EV Maxus 9 and EV station wagon MG ES were presented at the Bangkok Motor Show. MG4 Electric, a hatchback EV, was announced in December 2022. Two EV models, theMG ZS EV and the MG EP, have been announced so far in Thailand. The MG VS HEV, a hybrid sports car, was released in August 2022. Two new models, the ...
Market & Tech Reports Updated at: 2023/06/19
2022 Chinese Market: New Vehicle Sales Up 2.2% to 26,864,000 units, Major Increases by BYD and Tesla
me Manufacturer 2021 (000s units) 2022 (000s units) 1 Model Y Tesla (Shanghai) 200.1 455.1 2 Song DM BYD 79.5 411.0 3 Haval H6 Great Wall Motor 370.4 288.1 4 CS75 Chongqing Changan 281.9 237.6 5 CR-V Dongfeng Honda 213.8 229.5 6 Yuan PLUS BYD 0 202.1 7 Bin Yue Geely 147.4 184.5 8 MG ZS SUV SAIC Passenger Vehicle 142.2 174.9 9 Envision SAIC-GM 146.5 172.5 10 RAV4 FAW-Toyota 199.7 171.3 MPVs Model name Manufacturer 202...
Market & Tech Reports Updated at: 2023/02/14
SAIC: Cultivating Global Markets, Focusing on Hydrogen Fuel Cell Vehicles
is equipped with the "Rubik’s Cube battery” (adopting horizontal cells and CTP technology) jointly developed by SAIC and CATL, with a maximum cruising range of 520km (Chinese specifications). According to MarkLines data, overseas sales of the MG brand are increasing year after year, with the MG ZS SUV being the top-selling model outside China in 2021. According to an announcement by SAIC Motor International Co., Ltd. (SMIL), which handles imp...
Market & Tech Reports Updated at: 2023/01/17
Thailand International Motor Expo 2022 (1): It's time…Come touch the future
5 km on a full charge (following the NEDC Standard), of which the 10%-80% fast charging requires 35 minutes. MG4 Electric presented on MG's press stage MG4 Electric MG4's rear side MG4's interior MG4 Electric became the 3rd pure electric model of MG Thailand, following the MG ZS EV and MG EP. MG ZS EV MG EP NETA's press stage NETA, a Chinese auto brand of Hozon New Energy Automobile Co., Ltd., displaye...
Market & Tech Reports Updated at: 2022/12/21
Thailand: EV subsidies and tax incentives, Chinese OEMs launching budget EVs
a subcompact SUV, was introduced in March 2022. This SUV is equipped with a 1.5L 4-cylinder engine mated to an iVT transmission. It is produced at Hyundai’s new plant in Indonesia. SAIC Motor-CPMG VS HEV In August 2022, SAIC Motor-CP launched the MG VS HEV, a compact crossover SUV based on the ZS. This SUV is the MG brand’s first HV model. It is equipped with a 1.5L 4-cylinder engine and built at the Chonburi Plant. Great Wall MotorH6 PH...
Market & Tech Reports Updated at: 2022/12/12
Indian Market Transitioning Towards Electric Mobility
e between Mahindra Intertrade Ltd. and MSTC - a government of India enterprise) MG Motor ・ It partnered with Attero for reusing and recycling the Li-ion batteries of EVs in India after their end-of-life.・ It partnered with TES-AMM for the environmentally-sustainable and secure recycling of MG ZS EV (electric vehicle) batteries. Maruti Suzuki ・ It announced a joint venture with the Toyota Tsusho Group to establish Maruti Suzuki Toyotsu I...
Market & Tech Reports Updated at: 2022/07/12