Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

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

-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to increase 2% year-over-year to 1.5 million units (FTI forecast) Thailand's domestic market: 1-ton pickup truck sales down 38% GlobalData Production Forecast: Thai production expected to be 1.82 million units in 2028 BYD’s mid-size SUV, Sealion 6 DM-i (Unveiled at ...

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

Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

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

SHS PHEV, Isuzu TFR Dragonmax, Omoda C9, and Mazda 6e, etc.   The 46th BIMS is projected to achieve a 10% increase in revenue compared to the previous year's edition.   Based on data released by the show organizer on April 7, a total of 79,941 reservations were recorded at the event, reflecting a 38.0% year-on-year increase. This included 77,379 car reservations and 2,562 motorcycle reservations, with car bookings alone showing a 44.8% growth Y...

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

nda: e:N1 subcompact electric SUV Toyota: HEV model lineup VinFast: Compact EV lineup PLN: Indonesia charging network BYD announcement event   The Indonesia International Motor Show (IIMS 2025) was held at the Jakarta International Exhibition (JIExpo) in Kemayoran, Jakarta, from February 13 to 23, 2025.   The number of exhibiting brands increased from 23 in 2024 to 31. The increase in participation by Chinese OEMs was particularly noti...

Market & Tech Reports  Updated at: 2025/03/31

data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see December report Click here to se...

Market & Tech Reports  Updated at: 2025/02/26

BYD: Sales Leader in Chinese Market, Accelerating Overseas Expansion 2024 sales volume 9 times higher than 2019 Summary 2024 Sales: Top in China with 4.272 million units, up 41.3% y/y; most are D-segment vehicles Product trends: Expansion of models and accelerating overseas expansion of each brand Core technologies: Promoting BEVs and PHVs, and deepening development capabilities for electrification and smart vehicles Manufacturing sites: Expanded...

Market & Tech Reports  Updated at: 2025/02/18

als and components to software and new urban mobility concepts.   Held from January 17-22, 2025, across three key venues Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka, and the India Expo Centre & Mart in Greater Noida, the expo has become India's largest mobility event. The event attracted 983,522 visitors across the three locations and covered over 200,000 square meters.   The theme of the expo was "Beyond Boundaries: Co-creating the Fut...

Market & Tech Reports  Updated at: 2025/02/13

data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see November report Click here to se...

Market & Tech Reports  Updated at: 2025/01/24

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (October 2024) Electric vehicle sales in October increase 43.1% y/y to 1,606,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains)   This re...

Market & Tech Reports  Updated at: 2024/11/26

Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (September 2024) Electric vehicle sales in September increase 32.5% y/y to 1,508,000 units Share of electric vehicles (BEV/PHV/FCV) Electric vehicle (BEV/PHV/FCV) share and trends in each country Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain Passenger car sales trends in 12 major countries (including ICE and all other powertrains)   Thi...

Market & Tech Reports  Updated at: 2024/10/28

uture cockpit trends. Table 1: Passenger cars launched by Japanese OEMs in the Japanese market after January 2022*. Brand Model name Year of release (Japanese market) Toyota Noah / Voxy January 2022 bZ4X May 2022 Sienta August 2022 Crown (Crossover, Sport, Sedan) September 2022November 2023 Prius January 2023 Alphard June 2023 Lexus LX January 2022 RX November 2022 RZ March 2023 LM December 2023 LBX December 2023 Nissan ...

Market & Tech Reports  Updated at: 2024/10/25

on Act (U.S.) NACS : North American Charging Standard LLC : Limited Liability Company GWh For cell plant production capacity, as annual production capacity, “/year” omitted CO2 : Used to refer to all greenhouse gases CFP : Carbon Footprint of Product GHG : Greenhouse Gas   2023 Battery manufacturer market share by SNE Research of South Korea   I-1. Policy trends of various countries Europe Based on the European Commission'...

Market & Tech Reports  Updated at: 2024/10/18

data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see July report Click here to see Ho...

Market & Tech Reports  Updated at: 2024/09/27

steering and deceleration assistance to cope with bicycles and parked vehicles on public roads."   On the other hand, SBW electric power steering was first mass-produced by Nissan in 2014, and was expected to be one of the key technologies for next-generation autonomous driving. However, as of 2023, the adoption of SBW in mass-produced vehicles is still at a limited stage. In recent years, as driving support systems have become more sophisticat...

Market & Tech Reports  Updated at: 2024/09/27

Chinese OEM Overseas Expansion Activities: BYD, Geely BYD to build plants in Brazil, Hungary, etc.; Geely export target for 2024 is 380K units Summary China exports: Export volume in H1 of 2024 increased 30.5% y/y BYD: Building plants in Brazil, Hungary, etc.; NEV plant starts operation in Thailand; first pickup truck debuts in Mexico Geely: Export target for 2024 set at 380K units, accelerating global expansion of the Zeekr brand BYD's car...

Market & Tech Reports  Updated at: 2024/09/17

become an EV and EV battery manufacturing hub. The government will also continue to offer exemptions from value-added taxes, sales taxes on luxury goods, and import duties until 2024-2025.   Malaysia has set a target of 20% electrified vehicles (EVs + HVs) as a percentage of new vehicle sales by 2030, and is working to promote the spread of EVs by offering exemptions and reductions on import tariffs, excise taxes, sales taxes, road taxes, etc. ...

Market & Tech Reports  Updated at: 2024/09/04

GAIKINDO Indonesia International Auto Show 2024 Emerging forces such as Chinese manufacturers, Hyundai, and VinFast are on the rise Summary BYD: Debut of the “M6”, an MPV-type EV Wuling: Locally produced flagship models A, B, C (Air ev, Binguo EV, Cloud EV) GAC Aion: Debut of the Hyptec HT and Aion ES Chery Automobile: iCAR 03, an off-road SUV EV Great Wall Motor (GWM): Launches new models Haval Jolion and Tank 300 Dongfeng (DFSK)/SERES: Sell...

Market & Tech Reports  Updated at: 2024/08/30

data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note). Click here to see Automotive Sales data Click here to see June report Click here to see Ho...

Market & Tech Reports  Updated at: 2024/08/29

eatures of the BYD Yangwang U8 First look at the U8’s proprietary technology Active suspension Hydraulic components for active suspension e4 4-wheel independent torque output control and spin-turn capability   MarkLines Co., Ltd. (MarkLines) will purchase the Yangwang U8 (base price approx. JPY 23 million), BYD Auto Co. Ltd.’s top-of-the-line model for the large off-road vehicle market as it expands its product lineup, and conduct a vehicle ...

Market & Tech Reports  Updated at: 2024/08/05