brid vehicles, with comprehensive intelligent technology integration,” and plans to launch 11 New Energy Vehicle (NEV) models covering multiple powertrains, including BEVs, range-extended EVs, and PHEVs, within the next three years. Furthermore, the company formally signed a framework cooperation agreement with China National Petroleum Corporation(CNPC), becoming the first Chinese passenger car company to establish close automotive ecosystem ti...

Market & Tech Reports  Updated at: 2026/06/29

lans to prioritize developed countries, then expand into emerging markets, enter the mid-to-high-end market, then expand into the mid-price range market, and initially expand into the right-hand drive market, followed by the left-hand drive market.   Since Canadian Prime Minister Carney reached an agreement with China on low-tariff import quotas for electric vehicles (EVs) on January 16 of this year, 2,910 Chinese-made BEVs were imported for the...

Market & Tech Reports  Updated at: 2026/06/29

a Corporation, TBK Co., Ltd., etc. Restructuring in the truck industry Isuzu / UD Trucks In April 2021, Isuzu Motors Limited (Isuzu) announced that it had completed the procedures to acquire the business of UD Trucks Corporation (UD Trucks), which was a subsidiary of Volvo. Based on the framework agreement signed in October 2020, Isuzu fully launched its strategic partnership with the Volvo Group. In February 2026, and again in 2028, Isuzu plan...

Market & Tech Reports  Updated at: 2026/06/22

a reactive, recall-based system to a data-driven, continuous safety oversight system, requiring continuous monitoring of accidents and abnormalities even after market entry, and reporting to the authorities.   The United States has not adopted the UN type certification established under the 1958 agreement, and continues to use its own self-certification system. Manufacturers sell their products by declaring compliance with FMVSS (Federal Motor...

Market & Tech Reports  Updated at: 2026/06/19

2026. IM LS8 SAIC-GM-Wuling: Huajing S collaboration model with Huawei; Xingguang L PHV; global strategic vehicles   SAIC-GM-Wuling (SGMW) exhibited several models, including its flagship Huajing S, Xingguang L, Bingo Pro, and Darion 730 (right-hand drive version).   A comprehensive agreement to deepen the strategic cooperation between SAIC-GM-Wuling and Huawei regarding Qiankun-related solutions was signed at the venue. The colla...

Market & Tech Reports  Updated at: 2026/06/19

te address in the ACT Expo Hydrogen Workshop at ACT Expo 2026, Toyota highlighted its various plans and partnerships involving hydrogen systems and their deployment. Toyota announced plans to deploy fuel cell Class 8 trucks for its commercial logistics fleets by early 2027. Toyota also announced an agreement with Air Liquide, a French company specializing in the supply of industrial gases and services, including hydrogen. The agreement stipulates...

Market & Tech Reports  Updated at: 2026/06/17

launch an intelligent heat pump that is twice as efficient as conventional electric heaters and 20% lighter in weight. It is a heat pump that uses radiant panels and green refrigerant, and does not use PFAS (per- and polyfluoroalkyl compounds). In October 2022, Valeo announced that it has signed an agreement with TotalEnergies SE to develop battery cooling technology for EVs using high-performance dielectric fluids. TotalEnergies has developed a ...

Market & Tech Reports  Updated at: 2026/06/12

electric powertrain, battery, and cabin thermal management system to achieve optimal energy management. The iTMM can also improve driving range by up to 20% in winter conditions when combined with a heat pump system. In March 2025, Marelli announced that it had entered into a strategic partnership agreement with Hilite Automotive Systems (Changshu) Co., Ltd. (Hilite). The two companies plan to cooperate in areas such as integrated thermal manage...

Market & Tech Reports  Updated at: 2026/06/09

Mercedes-Benz 67 -22.8% 63 -5.6% 55 -12.6% 17 13.3% (Source: MarkLines Mexico export volume) U.S. tariffs increase   A key factor behind the decline in exports is the substantial increase in tariffs imposed by the United States. Since April 3, 2025, even USMCA (United States-Mexico-Canada Agreement)-compliant passenger cars and light-duty trucks have been subject to an additional 25% tariff on the non-U.S. content and value-added portio...

Market & Tech Reports  Updated at: 2026/06/05

he “NX8”, the first mid-size SUV in its N-series of New Energy Vehicles (NEVs), along with two new concept car models. Hyundai Motor unveiled the production model of its BEV, the "IONIQ V," for the Chinese market.   On April 23, Chery announced that it had signed a global strategic cooperation agreement with NVIDIA. The two companies will jointly develop physical AI covering three areas: driver assistance, cockpit AI, and robotics, enabling ...

Market & Tech Reports  Updated at: 2026/05/27

passenger car that uses sodium-ion batteries. It uses CATL's "Naxtra" battery. In the future, Changan’s Avatr, Deepal, Qiyuan, and other brands will be equipped with the system one after another. Changan deepened its partnership with CATL and signed the CATL/Changan Power Battery Phase 2 Project agreement. The total investment will be approximately CNY 5.5 billion, with a planned production capacity of 25GWh. The plant will be operational in t...

Market & Tech Reports  Updated at: 2026/05/11

istry of Economy, Trade and Industry (METI) for an exemption from the Explosives Control Law in Japan for inflators used in child restraint systems with airbags (suggesting some form of joint development of the product). In November 2021, the company announced that it had signed a joint development agreement with the Italian Piaggio Group for the development of airbags for motorcycles. Autoliv has already developed an initial concept using simula...

Market & Tech Reports  Updated at: 2026/05/07

, and operations related to connected vehicles, OTA updates, and the cloud will require a compliance framework that spans “existing cybersecurity, personal data protection, and wireless communications regulations.” Cybersecurity (Vehicles + Data)   In countries that are signatories to the 1958 Agreement (such as Thailand and Malaysia), UN R155 (cybersecurity requirements for vehicles) and UN R156 (software update requirements) are increasing...

Market & Tech Reports  Updated at: 2026/05/07

rm forecast.CanadaThere are a number of key factors that are likely to affect LV sales throughout the year. Firstly, the renewal of the USMCA is due this year. There is still much tension between the US and Canada and there is some indication that the Trump administration may pursue bilateral trade agreements with Canada and Mexico separately. However, our current assumption is that a new agreement will be reached. More domestically, there have b...

Market & Tech Reports  Updated at: 2026/04/30

ich account for 63.4% of total exports, increased by 18.3%. Of these, xEVs saw a 77.5% increase, while lithium-ion batteries saw a 50.4% increase in value.   According to U.S. media reports, SAIC-GM has announced a three-year business restructuring plan ahead of the expiration of its joint venture agreement, scheduled for June 2027. The company is working on improving existing models and developing next-generation models, introducing electrical ...

Market & Tech Reports  Updated at: 2026/04/27

in, including passenger cars, commercial vehicles, motorcycles, and after-sales services. In the passenger car sector, the Arista Group began collaborating with Chinese OEMs such as Wuling and BYD from about 8 years ago. In the commercial vehicle sector, the Arista Group reached a sales partnership agreement in 2025 with Farizon Auto, a subsidiary of the Geely Holding Group, to promote the local deployment of NEVs. In the aftermarket sector as we...

Market & Tech Reports  Updated at: 2026/04/22

.3% and its first profitable quarter. This growth was driven by significant cost reductions through a platformized architecture and Pure Vision (cameras only), further reductions in non-technical costs through supply chain reforms, and high-margin technology licensing revenue based on a partnership agreement with Volkswagen. R&D expenditures for 2025 increased by 47.0% y/y to CNY 9.49 billion, of which CNY 4.5 billion was invested in AI-related p...

Market & Tech Reports  Updated at: 2026/04/20

ontinuous improvements and adaptation for HEVs, and in 2025, the company unveiled the next-generation 8HP evo. The main changes include higher electric motor output, a reduction in the number of parts, and compatibility with various types of HEVs. In January 2026, a long-term supply and development agreement regarding the 8HP series was concluded with BMW, extending through the late 2030s. At the same time, this also represents both companies’ ...

Market & Tech Reports  Updated at: 2026/04/17

les: Modine The table can be scrolled left and right. Europe Fiat 500e Chiller Europe BMW i4 Radiator Europe Mercedes-Benz EQA Chiller Radiator Trends in battery thermal management: In January 2026, Gentherm Inc. (Gentherm) and Modine announced that they had reached a final agreement for Modine to spin off its Performance Technologies business and integrate it with Gentherm. Modine Performance Technologies provides advanc...

Market & Tech Reports  Updated at: 2026/03/30

harging system made by WiBotic that is suitable for unmanned vehicles and drones. WiBotic Inc. (WiBotic), founded in 2015 and headquartered in Seattle, USA, specializes in the development and manufacture of wireless charging and control systems, and Nabtesco has signed an exclusive distributorship agreement with the company for Japan in October 2024. As a wireless power supply system, a magnetic resonance system with a frequency of 85kHz has be...

Market & Tech Reports  Updated at: 2026/03/10