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: 2025/12/22

omotive market, there is still a large market for analog meters and gages, and Nippon Seiki Co., Ltd. (Nippon Seiki) has a large share of this business. The company’s main products are analog meters with LCD displays. In January 2021, Alps Alpine and Nippon Seiki announced that they had signed an agreement on a capital and business alliance centered on integrated cockpit products. By combining Nippon Seiki's product technologies such as head-up...

Market & Tech Reports  Updated at: 2025/12/15

ns, particularly viewing 48V systems as versatile and cost-effective compared to high-voltage systems. At the Paris Motor Show in 2018, Valeo showcased its 48V concept car, which has a top speed of 100 km/h and a battery range of 150 km. In October 2019, the company announced a global collaboration agreement with U.S. supplier Dana Incorporated to accelerate the industrialization of 48V vehicles and introduce end-to-end 48V hybrid and electric ve...

Market & Tech Reports  Updated at: 2025/12/09

. Aisin Corporation (AT business: former Aisin AW Co., Ltd.) Click here to see recent developments In April 2021, Aisin Seiki and Aisin AW Co., Ltd. integrated their operations with the aim of strengthening their competitiveness in the CASE (connected, autonomous, shared, electric) domain. The agreement included Toyota, and although Aisin Seiki was the surviving company after the merger, the new company name was changed to Aisin Corporation ...

Market & Tech Reports  Updated at: 2025/12/08

) told us that “batteries are an important key technology” for Germany and that the ministry is funding the project in Germany as part of the BMFTR umbrella concept for battery research. However, specific details and the sums involved remain open. Instead, we were referred to the 2025 Coalition Agreement [1] on supporting research and innovation. But the 144-page agreement entitled “Responsibility for Germany”, which was made available to...

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

ican Charging Standard OBBB One Big Beautiful Bill Act Created by itsEV Inc. I-1. Policy trends of various countries Europe   Based on the European Commission's 2021 "Fit for 55" package proposal (12 policies to achieve the 2030 CO2 reduction target of 55% below 1990 levels), a provisional agreement on CO2 emission standards for passenger cars and light commercial vehicles was reached by the Council and European Parliament in October 202...

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

h last year, although growth slowed. EV sales in the U.S. in particular fell sharply, due to the expiration of the federal EV tax credit of up to USD 7,500 at the end of September.   At the U.S.-China summit held at the end of October, it was decided to reduce additional tariffs on both sides, and agreements were also reached that affect the entire automotive industry, such as easing restrictions on rare earth exports from China and taking measu...

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

ersonal success. The improved road infrastructure and better servicing/after-sales also contribute to an increase in sales.  Once limited to metropolitan and Tier-1 cities, the dealership network of luxury cars OEMs is also expanding in Tier-2 and Tier-3 cities.  The recently announced free trade agreement (with the UK) and GST rate cuts are expected to increase luxury vehicle sales in India.  The new model launches and the introduction of glo...

Market & Tech Reports  Updated at: 2025/11/20

iven by growth in both Europe and China. Improved sales with Ford, Renault-Nissan-Mitsubishi, and Jaguar Land Rover contributed to gains in Europe, while growth with Chang’an and Li Auto supported the increase in sales in China. In February 2023, Faurecia, a company of the FORVIA Group, signed an agreement to divest its SAS Cockpit Modules division to the Motherson Group. Over the past decade, to serve its net-zero carbon ambition, FORVIA has d...

Market & Tech Reports  Updated at: 2025/11/20

ufacturing facilities in India. Through this scheme, the Government of India intends to optimally incentivize potential investors to set up Giga-scale ACC manufacturing facilities. It has a budgetary outlay of INR 181 billion.    During the 1st round of bidding, three companies signed the Program Agreement to implement the PLI ACC scheme for setting up manufacturing facilities of 30 GWh ACC capacity. The companies are ACC Energy Storage, Ola Ce...

Market & Tech Reports  Updated at: 2025/11/19

ent. The group is also advancing its “One Geely” strategy, with moves such as the merging of Zeekr and LYNK & CO, and the integration of Geometry into the Galaxy line, leading to tangible synergies.    On August 15, Xpeng Motors and Volkswagen Group announced an expanded strategic cooperation agreement focused on electronic and electrical architecture technology. This cutting-edge architecture will now extend beyond BEVs to cover both ICE a...

Market & Tech Reports  Updated at: 2025/11/14

will be implemented and released under a license format that allows use in OSS projects and on the assumption of mass production use (development under a different format and assumption than in the past). This will allow both use in OSS projects and commercial use by AUTOSAR partners with a license agreement. In addition to this, we will also work on "code-first standardization," which is different from the conventional AUTOSAR standardization ap...

Market & Tech Reports  Updated at: 2025/11/13

jor divisions: Exeed, Arrizo and Tiggo, Fulwin, and QQ (specializing in small car products). In addition, Shanghai Cosme Automotive Technology Co., Ltd., which conducts R&D on AI as well as components, was established as a wholly-owned subsidiary.   In August, Chery and Huawei signed a partnership agreement for Luxeed 2.0. Luxeed will invest over CNY 10 billion to focus on intelligent driving and electric drive system (batteries, motors, and ele...

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

s driving technology evolves, attention is being paid to its integration with navigation technology. 1. Japanese companies Aisin Corporation (Aisin; formerly Aisin AW Co., Ltd.) Click here to see recent developments. On October 31, 2019, Aisin Seiki Co., Ltd. and Aisin AW Co., Ltd. reached a basic agreement to integrate their operations and made a new start as Aisin Corporation on April 1, 2021. This made Aisin Corporation (Aisin) the world's la...

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

SiCore cell has a life of 700 cycles at 70% depth-of-discharge. Amprius highlighted the recent launch of a new SiCore cell in April 2025, which provides 450 Wh/kg and 950 Wh/L, making it the most energy-dense cell in the SiCore line. Amprius’ production of its SiCore cells is accomplished through agreements with contract manufacturing partners across Asia. As of its most recent agreement announced in May 2025, Amprius has more than 1.8 GWh of c...

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

dards) Hitachi Automotive Systems, Keihin, Showa, and Nisshin Kogyo merged and integrated their operations to form Hitachi Astemo in January 2021. In September 2023, Hitachi, Ltd. transferred a portion of its shares to the new entity. The Hitachi Astemo/Honda/JIC Capital 40/40/20% capital structure agreement was signed in March 2023. Inherited were approximately 140 bases and affiliated companies of the former companies. xEV (electrified vehicle)...

Market & Tech Reports  Updated at: 2025/11/04

cording to a report by GlobalData as of Q3 2025, global light vehicle sales are forecast to increase by 2.5% YoY to 90.99 mn.-Since our previous report, the global LV market forecast has increased markedly over the 2025-26 period as a result of two main considerations: 1) the aforementioned trading agreements reached between the US and its key trading partners; and 2) assumptions surrounding the government incentivization of the Chinese LV market...

Market & Tech Reports  Updated at: 2025/10/29

-new mid- to large-size off-road PHV SUV Tai 7. Next, on the 12th, Yangwang brand launched the full-size PHV SUV U8L. Outside China, the company released the PHV mid-size sedan Seal 6 DM-i Super Hybrid in Europe on September 2.   On September 2, BYD announced the signing of a strategic partnership agreement with the Shenzhen Port Group. Both parties will deepen their cooperation in various aspects of automobile export operations, including expor...

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

d by General Motors (GM) from 2014 to 2017 due to concerns that the driver's airbag inflator could malfunction in the event of a collision. This inflator was manufactured by ARC in the U.S. and delivered to Toyoda Gosei's U.S. subsidiary. In March 2025, Toyoda Gosei announced that it had reached an agreement with GM for its U.S. subsidiary to cover part of the recall costs. The affected vehicles are three models, totaling 1.07 million units. Ni...

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

n North America)(production of approximately 1,000 units per day) (Source: MarkLines, GM Korea plant information) Renault Korea's production increased from 98,000 units in 2023 to 111,000 units in 2024. Production of the Polestar 4 is scheduled to begin in the second half of 2025, based on an agreement signed with Geely Automobile (Geely) in 2023. In terms of sales, the cumulative total for the January to July period of 2024 was only 12,00...

Market & Tech Reports  Updated at: 2025/10/23