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

chievement was achieved in just four and a half years, since the production of calipers, including electric parking brake calipers, began in 2015. Over 85% of the calipers are sold in China, and the rest are for export. In August 2022, ZF announced that ZF Asia Pacific Group Co., Ltd. has signed an agreement with the Zhangjiagang Economic and Technological Development Zone Management Committee. According to the agreement, ZF will invest USD 100 m...

Market & Tech Reports  Updated at: 2026/03/24

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

adar is also being put into practical use, and a cost/performance comparison with far-infrared cameras is expected. Lenses for far-infrared cameras Cornes Technologies: Far-infrared camera, 4D imaging radar   In August 2025, Cornes Technologies Co., Ltd. (Cornes Technologies) signed an agreement for distributorship in Japan with Silicon Valley-based Zadar Labs, Inc. (Zadar) for 4D imaging radar. This seems unrelated to Luminar Techno...

Market & Tech Reports  Updated at: 2026/03/06

rial clusters in Thailand as local production by finished vehicle OEMs goes into full swing. Chinese suppliers entering Thailand between the end of 2024 and 2025 focused primarily on the core areas of chassis, powertrain, and electrification. This move is not only meant to meet the ASEAN Free Trade Agreement (AFTA) tariff exemption requirement of at least 40% intra-regional Regional Value Content (RVC), but also to deploy Chinese electrification ...

Market & Tech Reports  Updated at: 2026/02/24

tests and accelerating the deployment of Embodied Intelligence. BYD, GAC, XPeng, and Li Auto have all been conducting L3 road tests and verifications. Changan Automobile presented its humanoid robot strategy, while Phoenix, a subsidiary of Seres that develops AI, and Volcengine signed a cooperation agreement on Embodied Intelligence; and XPeng announced its own AI humanoid robot and mass-produced Robotaxi developed in-house.   Foreign OEMs are a...

Market & Tech Reports  Updated at: 2026/02/09

high interest rates. It is now expected that the first vehicle to be produced at the plant will start production in Q4 2028, with a high degree of risk that the plant will not make it to fruition, especially given the enacted tariffs by the Trump administration.   Tesla has secured a $4.3 billion agreement with LG Energy Solution and will supply Tesla with U.S.-made lithium iron phosphate batteries to reduce dependance from Chinese suppliers. I...

Market & Tech Reports  Updated at: 2026/01/14

er was the Qin PLUS with 43,000 units sold. Second place goes to the Sealion 06 with 35,000 units sold, and in third place is the Haibao / Seal 06 at 29,000 units. BYD’s overall sales were down 23.1% y/y to 374,000 units.   On November 24, BYD announced that it had signed a strategic partnership agreement with Midea Group Co., Ltd., a major Chinese home appliance manufacturer, in Shenzhen. The two companies will focus on collaborative innovati...

Market & Tech Reports  Updated at: 2025/12/26

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