upplies annually. The core equipment of the project was installed and officially started operations at the end of June 2025. Full-scale production is scheduled to begin in August. Electric powertrains, heat pump compressors, etc. In May 2024, Leapmotor and Huzhou City, Zhejiang Province signed an agreement to build an NEV-related core component project, with construction to begin in April 2025. The project is located in the South Taihu New Dist...

Market & Tech Reports  Updated at: 2025/07/14

m 2.8% the previous year, raising concerns about economic instability.   The Trump administration imposed a 25% tariff on Mexican products in March after a one-month grace period from its original declaration in early February 2025, but immediately afterwards deferred the tax on U.S.-Mexico-Canada Agreement (USMCA)-compliant goods. The grace period continues even after the early April deadline for negotiations with Mexico. Export from Mexi...

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

stems since 1919. 2023 sales: EUR 3,516 million; 2023 operating income: EUR 196 million. Number of employees: 27,000 (as of December 2023) Trends in battery thermal management: In November 2024, Canada's ABC Technologies announced that its subsidiary, ABC Technologies Acquisitions, had reached an agreement on an all-cash acquisition proposal to acquire all of TI Fluid Systems' issued and to be issued common shares. On April 15, 2025 ABC Technol...

Market & Tech Reports  Updated at: 2025/07/08

- Astemo, Ltd. 14,326 - ・Started joint development of autonomous driving systems with Tier IV, Inc.・ The company established Astemo Cypremos, Ltd., a subsidiary that conducts business in software and cloud services. 20 19 Weichai Power Co., Ltd. 14,026 14,440 ・Signed a strategic partnership agreement with EControls, LLC, a U.S. natural gas engine company, in the areas of engine research, development, and manufacturing technology. ・Renew...

Market & Tech Reports  Updated at: 2025/07/02

ers are undecided about how to respond. Some European and U.S. manufacturers have already raised prices, but many Japanese OEMS are waiting to see how things develop.   Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, Ltd. (Hino) announced on June 10 that they had reached a final agreement to merge on an equal footing and cooperate in the areas of commercial vehicle development, procurement, and production. The new company will...

Market & Tech Reports  Updated at: 2025/06/25

mbers of the European Parliament (MEPs) had approved the Euro-7 emission standards, which will reduce emissions from passenger cars, vans, buses, trucks, and trailers. It was adopted with 297 votes in favor, 190 opposed and 37 abstentions. Formal approval by the European Council is required for the agreement to enter into force.   Euro-7 will apply the same emission limits to all vehicles within a category, regardless of powertrain (internal com...

Market & Tech Reports  Updated at: 2025/06/19

Toyota’s Innova Zenix, Yaris Cross, Alphard, and Honda’s CR-V.   From 2024 to the beginning of 2025, a number of auto manufacturers entered the EV market in Indonesia. To enter the Indonesian market, GAC Aion partnered with Indomobil (PT Indomobil Sukses Internasional Tbk), and XPeng signed an agreement with Erajaya Active Lifestyle (T Sinar Eka Selaras Tbk), for strategic collaboration. Geely and smart have reentered the Indonesian market, ...

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

ite project was held in Beijing. The project is jointly funded by CATL, BAIC Hailanxin Energy Technology (Beijing) Co., Ltd., Xiaomi EV Technology Co., Ltd., and Beijing Energy Technology Co., Ltd.   In January 2025, CATL and the Fuzhou municipal government signed a strategic cooperation framework agreement. In March 2025, the registration application for the Luoyuan CATL New Energy Battery manufacturing site project (Phase 1) was approved. The ...

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

rocessing engines and a large language model to support voice/touch control/gesture interaction. The Smart Driving System is a driver assistance solution jointly developed by Audi and Momenta. AUDI E5 Sportback   SAIC VW   In November 2024, the VW Group and the SAIC Group announced a JV agreement that will run until 2040, deepening the understanding and integration of technologies, resources and markets, and promoting localized innova...

Market & Tech Reports  Updated at: 2025/06/11

its simple installation. Firstly, the charger is connected using a standard plug via an industrial power socket mounted on the unit. Secondly, no heavy building work is required, as it is not necessary to construct a foundation under the charger unit.   In April 2024, XCharge signed a cooperation agreement with Vattenfall [4]. In the future, the energy provider will use the XCharge system to offer fast charging at charging stations with a lower...

Market & Tech Reports  Updated at: 2025/06/05

ively work to build an ecosystem and global brand rooted in the local community.   In addition, Huawei Technologies Co., Ltd. (Huawei) and SAIC will jointly develop the new brand "Shangjie" SUV. The new model is scheduled to be released in the fall of 2025. In addition, the two companies signed an agreement with Shanghai Lingang Industry Co., Ltd. for a finished vehicle and battery production project. The vehicle project will begin in May 2025, ...

Market & Tech Reports  Updated at: 2025/06/03

ESC has been mandatory for new models (registered passenger cars, excluding mini-vehicles) since October 2012, and for all passenger cars except mini-vehicles since October 2014. February 2019, AEBS (Advanced Emergency Braking System) became mandatory 40 countries, including Japan, have reached an agreement. Japan led the world in implementation starting in earnest in November 2021, with new, fully redesigned domestic models. The other applicabl...

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

itional 25% tariff on automobiles and auto parts on April 3. With regard to auto parts, relief measures were announced for companies that produce automobiles within the U.S., which came into effect on May 3. As a result of negotiations between the Trump administration and various countries, a trade agreement was concluded between the U.S. and the UK on May 8, under which it was agreed that a 10% tax rate would be applied to the first 100,000 vehi...

Market & Tech Reports  Updated at: 2025/05/26

will advance the development of small, high-performance, and highly efficient electric drive units.   Three joint venture companies were established: MHHO Electric Drive Co., Ltd., Mazda Imasen Electric Drive Co., Ltd., and MCF Electric Drive Co., Ltd. Regarding motors, Mazda signed a development agreement with Fukuta for the joint development of advanced motor technology (a joint development agreement for the development of advanced technology...

Market & Tech Reports  Updated at: 2025/05/20

m, and industrial cooperation," will focus on cutting-edge technologies such as EVs and hydrogen fuels to provide efficient, smart, and sustainable solutions for urban logistics, long-distance transportation, and global markets.   On April 23, GAC Group signed a comprehensive strategic cooperation agreement with CATL, which unveiled its new swappable Choco-SEB (Swapping Electric Block) battery at the Auto Shanghai 2025 motor show. Based on the a...

Market & Tech Reports  Updated at: 2025/05/20

s family called Napier grass, grown on the plant's premises as well as from leftover food from the plant's cafeteria. The plant can produce 0.2 tons of biogas per day, and expects to reduce CO2 emissions by approximately 190 tons per year through the use of biogas. In September of the same year, an agreement was reached with the University of Agriculture Faisalabad in Pakistan to conduct joint research and development of biogas.   SUV sale...

Market & Tech Reports  Updated at: 2025/05/15

including EVs, PHVs, and HVs, was 207,646, expanding the share of electric vehicles in total vehicle sales volume from 20.7% in 2023 to 32.7% in 2024. Chinese OEMs have been taking advantage of the Thai government's support for the spread of EVs and the 0% tariffs under the ASEAN-China Free Trade Agreement (ACFTA) to import and sell EVs. In addition, in response to the recent increase in demand for hybrid vehicles in the Thai market, HV and PHV...

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

administration, the most impactful on the automotive industry is the additional 25% tariff on automobiles and automotive parts based on Section 232 of the 1962 Trade Expansion Act. The additional tariff came into effect on April 3.   If the rules of origin of the USMCA (United States-Mexico-Canada Agreement) are met, the additional 25% tariff on automobiles and automobile parts under Section 232 will be levied on products other than those with U...

Market & Tech Reports  Updated at: 2025/05/02

– that is only because the industry is already covered by other, more specific, tariffs. On April 3, 25% tariffs were imposed on imports of finished vehicles. While this applies to all countries, vehicles from Canada and Mexico that are compliant with the United States-Mexico-Canada (USMCA) trade agreement rules are subject to taxes only on their non-US content. US content is defined as “the value of parts wholly obtained, produced entirely, ...

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

chain of the entire automotive industry. In particular, the additional 25% tariff on automobiles and auto parts that took effect on April 3 covers all non-U.S.-made products, and non-U.S. component prices are subject to the tax even if they meet the rules of origin of the USMCA (U.S.-Mexico-Canada Agreement). This will have a major impact not only on foreign OEMs from Japan, Korea, Europe, etc., but also on American automakers with global operat...

Market & Tech Reports  Updated at: 2025/04/25