Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...

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

Analysis Report: Thermal Management of BEV Batteries (Europe, U.S. and China Markets) Searching for battery cooling methods to reduce costs List of Suppliers Introduction I. Overview and trends of thermal management methods II. Thermal management major functional parts sourcing map III. Overview and trends of major component suppliers IV. Installation status of major functional parts by model Valeo Mahle Behr Hanon Systems Modine Manufacturi...

Market & Tech Reports  Updated at: 2025/07/08

hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).              3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.              4. A wide range of electric vehicle models is available.     Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (15 countri...

Market & Tech Reports  Updated at: 2025/06/25

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

otal 63,638 2% 154,495 143% 294,648 91% 387,700 32% 548,435 32%   Demand for passenger vehicle batteries continues to grow steadily, with significant room for further growth. Concerns about the range of pure electric vehicles have not been fully resolved, and price competition among entry-level models of plug-in hybrid passenger cars has intensified, with the growth in demand for the latter being especially pronounced.   In the commercial an...

Market & Tech Reports  Updated at: 2025/06/12

BEV and PHV Trends of Chinese Manufacturers BYD surpasses Tesla to become world's top seller of BEVs Summary Sales trends by BEV model Sales trends by PHV model BYD enters the Japanese PHV and mini BEV markets Global sales of BEVs (including range extender EVs) were dominated by Tesla until 2023, but BYD rapidly expanded its sales volume, putting it in competition with Tesla. By quarter, BYD has exceeded Tesla's sales volume since Q4 2024 and ha...

Market & Tech Reports  Updated at: 2025/06/02

March 2025, Toyota retained its market leadership with a 47.4% share, followed by Mitsubishi Motors with 20.0%, Nissan with 5.7%, Suzuki with 4.7%, and Ford with 4.5%.   CAMPI remains optimistic about the future, projecting that total vehicle sales for 2025 could reach 500,000 units, driven by new model launches and positive economic conditions. This follows a record high of 467,252 vehicles sold in 2024.   According to CAMPI, the growth of the...

Market & Tech Reports  Updated at: 2025/05/21

Auto Shanghai 2025: BYD BYD brand unveils six models and Denza brand premieres sports car concept Summary BYD: "Dynasty-D" full-size concept car, Ocean series premieres five models Denza: World premiere of the "Z" sports car concept Yangwang: Exhibiting its full lineup; world premiere of the U8L full-size SUV Fangchengbao: 583 Family models shown together for the first time BYD's booth   Auto Shanghai 2025, officially known as the 21st ...

Market & Tech Reports  Updated at: 2025/05/14

and City Hatchback DRIVAL Nissan: Serena e-POWER Suzuki: Swift and Carry Isuzu: Dragon Max pickup truck Toyota: Hilux Champ, Lexus RX 450h+ PHEV Ford: Everest Sport Special Edition Hyundai: N Line Series Volvo: XC90 PHEV and EX90 BEV Audi: A5 PHEV BMW: 330e M Sport PHEV Mercedes-Benz: Three new AMG models Luxury brands: Porsche, Maserati, Aston Martin, Rolls-Royce Motorcycle: Honda, Suzuki, Yamaha, BMW, and others BIMS 46th's entrance  ...

Market & Tech Reports  Updated at: 2025/05/08

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

Bangkok International Motor Show 2025 (1) Chinese OEMs BYD, Geely, Chery, Changan, MG, GAC, and others Summary BYD: Shark 6 DMO PHEV pickup truck, Denza D9 flagship electric MPV Geely: Star Wish compact EV, Zeekr SUV and MPV, RIDDARA electric pickup truck Chery: Market entry of Chery brand, Omoda & Jaecoo model lineup Changan: Deepal S05 BEV and REEV variants MG (SAIC): New S5 EV and IM6 premium intelligent e-SUV GAC: Aion UT EV and M8 PHEV GWM: ...

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

of the motor vehicle market in China.   This report focuses primarily on key developments of Chinese and global automakers in the Chinese market in the first quarter (Q1) of 2025.   Chinese automakers are fiercely competing in the field of advanced intelligent driving. Many automakers, including BYD, Geely, Chery, and GAC, have released advanced intelligent driving technology solutions and are promoting their installation in all series models....

Market & Tech Reports  Updated at: 2025/04/24

Smart Energy Week Spring 2025 (2) BEVs, Batteries, and Chargers Mitsubishi commercial EVs, Sharp/Foxconn BEV concept, CATL battery packs for Kei-class BEVs, etc. Summary BEV (Mitsubishi Motors, Mitsubishi Fuso Truck and Bus, CONNEXX SYSTEMS, Taiho Industrial, Sharp) Battery packs and cells (CATL, BYD, OPmobility, Sanoh Industrial, CONNEXX SYSTEMS) Non-lithium battery types, capacitors (Nippon Electric Glass, LBHunet, Ioxus Japan, Niterra, JTEKT) ...

Market & Tech Reports  Updated at: 2025/04/08

e share of NEVs in the Chinese market grows, the sales volume of foreign-based OEMs, which mainly sell gasoline powered vehicles, is declining across the board. In recent years, foreign automakers have been restructuring their operations in China one after another, seeking to launch competitive NEV models through partnerships.   Related reports:Chinese Market 2024 Sales Ranking by Model (Mar. 2025)Chinese Market 2024: Sales Volume 31.4M units, C...

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

real driving behavior. This enables the system to generate appropriate driving behavior from environmental information, even in situations where predefined rules are not applicable.   The KDDI data center and TIER IV’s collaborative machine learning platform (Co-MLOps) use the collected data for model learning and simulations.   The status of autonomous vehicles is monitored and managed by KDDI’s Mobility Control Center, which provides rout...

Market & Tech Reports  Updated at: 2025/03/28

droelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (15 countrie...

Market & Tech Reports  Updated at: 2025/03/26

Chinese Market 2024 Sales Ranking by Model C and D segment NEV models dominate sales Summary 2024 Sales Ranking by Model C and D segment NEV models dominate sales In terms of new car sales volume (factory shipments) in China in 2024, Tesla's Model Y was first in the rankings by model, following its ranking in 2023. In second place was BYD's Song PLUS, followed by BYD's Seagull in third place. BYD models accounted for nine of the top 20 models, a...

Market & Tech Reports  Updated at: 2025/03/14

droelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).               3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.               4. A wide range of electric vehicle models is available.     Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (15 countrie...

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

e in 2024, with sales reaching 816,747 units (747,180 passenger cars and 69,567 commercial vehicles), representing a 2.1% growth from 2023. This success was attributable to the strong domestic economy, the Overnight Policy Rate (OPR), which has remained at 3% since May 2023, the introduction of new models, along with the aggressive sales promotions by OEMs.   In terms of vehicle production, 790,347 units were recorded in 2024, an all-time high f...

Market & Tech Reports  Updated at: 2025/02/25

ts up 19.3% y/y to 5.9M units, with Chery leading the way 2024 vehicle sales (factory shipments) by major group in China   For the full year of 2024, new vehicle sales in the Chinese market increased by 4.5% to 31.436 million units (based on factory shipments, including exports), with SUV models accounting for 47% of the total. In terms of sales volume by group, BYD posted a significant increase and took the top spot, surpassing the SAI...

Market & Tech Reports  Updated at: 2025/02/19