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

n, but it is applied to long-life deep-ultraviolet LEDs (UVC-LEDs), deep-ultraviolet lasers, high-voltage switching devices, etc. It is expected to be applied to automotive interior lighting and to improve the environment. Honda Motor Co., Ltd. (Honda), September 2022: Capital and business alliance agreement reached with Honda on joint development of next-generation lamp systemsThe company announced that it has entered into a capital and business...

Market & Tech Reports  Updated at: 2025/10/20

X9, and the P7+. XPeng’s export business already covers 46 countries and regions. In September 2025, the company established its first European R&D center in Munich, Germany. The center is XPeng's ninth R&D site. In addition, in September 2025, the company signed a long-term strategic cooperation agreement with Magna International Inc. and began assembly and production at the Magna Steyr Plant in Graz, Austria. The first models, the G6 and G9, ...

Market & Tech Reports  Updated at: 2025/10/20

Supply chain in India - ACMA's 65th Annual Session Building a future-ready automotive supply chain in India despite geopolitical uncertainty Summary Inaugural session Panel discussion on resilient Automotive Supply Chain in India Union Minister's views on alternative fuels, scrapping policy, and road safety India-EU discussion on free trade agreement, focus on automotive sector Indian auto component industry Participation of Israeli companies Ap...

Market & Tech Reports  Updated at: 2025/10/09

ecent regulatory changes, including the easing of Level 4 autonomous driving laws, have paved the way for PIX vehicles to operate on public roads. PIX plans to register RoboBus with Japanese license plates and expand its fleet across the country.   During the event, PIX Moving signed a partnership agreement German technology firm staff-eye GmbH, known for its expertise in practical applications of autonomous driving and intelligent mobility. The...

Market & Tech Reports  Updated at: 2025/10/07

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: 2025/10/07

Mfg., Inc. In addition, Toyota Boshoku announced that it will acquire a portion of the shares of Toyota Body Seiko Co., Ltd. (Toyota Body Seiko) and make it a subsidiary. Three companies, Toyota Boshoku, Toyota Auto Body Co., Ltd. (Toyota Auto Body) and Toyota Body Seiko have signed an acquisition agreement. Toyota Boshoku announced that it acquired the shares of Toyota Auto Body Seiko held by Toyota Auto Body effective October 1, 2023. As a res...

Market & Tech Reports  Updated at: 2025/09/27

the U.S., he stated that "60% of the cars sold in the U.S. are produced in the U.S., but 25% are produced in Canada, and the remaining 15% are finished cars sent to the U.S. from Mexico, so the current situation is that we are quite much affected by tariffs in the USMCA (United States-Mexico-Canada Agreement)." (Investors and Analyst Session for the Fiscal Year Ended March 31, 2025, Financial Results Q&A) Honda electrified vehicles (HEV/BE...

Market & Tech Reports  Updated at: 2025/09/26

points m/m and down 0.5 points y/y. Cumulative HV sales for the 2025 January to August period increased 16.6% y/y to 3.594 million units, accounting for 8.6% of total vehicle sales volume.   Regarding the additional U.S. tariffs, President Trump announced the signing of a new comprehensive tariff agreement with Japan on September 4, and automobile tariffs have been reduced from 27.5% to 15% since September 16. On September 24, it was announced ...

Market & Tech Reports  Updated at: 2025/09/26

, with the YTD sales for August just over 3 mn units. The weakness comes as the rebound effect from various production disruption wears off, and Japanese consumers struggle with financing constraints. Despite this weakness, the nation avoided auto specific tariffs of 27.5%, with the US, reaching an agreement to lower the rate to 15%, thus avoiding a harder economic impact. South America Brazilian Light Vehicle sales totaled 214k units in August...

Market & Tech Reports  Updated at: 2025/09/22

llion (down JPY 3.6 billion from March 2020) and net assets of JPY 10.5 billion (down JPY 6 billion from March 2020). In May 2023, NSK canceled its plan to establish a joint venture with thyssenkrupp in the steering business. In May of the previous year, the company announced that it had reached an agreement with thyssenkrupp to establish a joint venture, but the joint venture was cancelled due to external factors such as the worsening economic s...

Market & Tech Reports  Updated at: 2025/09/18

in countries such as China, Brazil and Mexico, and is strengthening its investment in emerging markets. The following shows the activities in terms of new construction, expansion, and integration of major production sites over the past five years. China: In September 2019, it was announced that an agreement was signed for a 21,000 square meter expansion of the automotive lighting plant of Marelli Automotive Components (Wuhu) Co., Ltd. in the Wuh...

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

expanding, despite being affected by a decline in sales volume mainly in China and ASEAN countries and increased incentives for EV sales in North America.  The FY2025 outlook, as of May 2025, projected operating profit of JPY 500 billion and net income of JPY 250 billion.  However, following the agreement at the end of July between the Japanese and U.S. governments to reduce additional tariffs on automobiles from 25% to 12.5%, Honda revised it...

Market & Tech Reports  Updated at: 2025/09/03

s://www.marklines.com/en/news/326169 Tan Chong Motor to market and manufacture Wuling vehicles in Malaysia (May 7, 2025)https://www.marklines.com/en/news/326006 Audi Q7 MHEV production in Malaysia begins at Pekan plant (April 25, 2025)https://www.marklines.com/en/news/325495 Jetour Malaysia reaches agreement with Berjaya Assembly to launch CKD operations (April 10, 2025)https://www.marklines.com/en/news/324754 Proton calls for market reassessment...

Market & Tech Reports  Updated at: 2025/08/28

Investments in India: Toyota and Volvo's plans in Karnataka Clean Mobility Policy 2025-2030 and Invest Karnataka 2025 Summary Automotive industry in Karnataka state Clean Mobility Policy 2025-2030 Invest Karnataka 2025 - Global Investors Meet (GIM) Automotive OEMs Auto component suppliers Other notable agreements   Karnataka is one of the biggest industrial states in India. The state is a leader in technology, R&D, and industrial sectors such as...

Market & Tech Reports  Updated at: 2025/08/27

7.9%, down 0.6 points m/m and down 0.4 points y/y. Cumulative HV sales for the 2025 January to July period increased 17.8% y/y to 3.178 million units, accounting for 8.6% of total vehicle sales volume.   Regarding additional U.S tariffs on the automobile sector, progress has been made in reaching agreements with the EU, Japan, and South Korea but there are many uncertainties regarding their implementation. For the UK, which reached an agreement...

Market & Tech Reports  Updated at: 2025/08/26

ni AG. September 2024: Solutions for commercial vehicles (CV) at IAA Transportation 2024, Hannover, Germany. Fully electric steering systems, electro-hydraulic steering systems, and steering shafts were exhibited. Nexteer Automotive August 2017: Nexteer Automotive signed a long-term partnership agreement with WABCO, a manufacturer of commercial vehicle air brake systems. October 2020: Nexter announced a high-power electric power steering syst...

Market & Tech Reports  Updated at: 2025/08/21

l processing, which generates mainly only waste heat and water. In March 2021, the company announced the signing of a contract to terminate the joint venture with Yanfeng Automotive Trim Systems (YF), Yanfeng Adient Seating Co., Ltd. (YFAS), as part of a strategic transformation in China. Under the agreement, Adient will sell its 49.99% stake in YFAS to YF, sell its minority interests in other joint ventures and receive approximately USD 1.5 bill...

Market & Tech Reports  Updated at: 2025/08/06

s. The SAIC Group and Huawei Technologies Co., Ltd. (Huawei) jointly announced the launch of a new brand, "SAIC Shangjie," featuring smart mobility solutions. Chery Automobile Co., Ltd. (Chery) established the Chery Intelligentization Center. The GAC Group and JAC Group have each signed partnership agreements with Huawei to deepen their involvement in the intelligentization field.   Non-Chinese automakers are accelerating R&D and production capa...

Market & Tech Reports  Updated at: 2025/08/01

first half of 2025 reached 2.728 million units, an increase of 19.1% y/y, accounting for an 8.6% share of total automobile sales. The increase in HV sales in the U.S. and China is the main factor for the increase.   On July 23, U.S. President Trump announced that the U.S. and Japan had reached an agreement on tariff negotiations and that reciprocal tariffs on Japan would be 15%, down from the original 25% proposed by the Trump administration. T...

Market & Tech Reports  Updated at: 2025/07/28