Besides the Honda 0 Series concepts, Honda's exhibit displayed the Motocompacto electric scooter. The Motocompacto weighs 41.3 pounds and can be fully recharged at a standard outlet in 3.5 hours. As a last-mile solution, the Motocompacto has a range of 12 miles and a maximum speed of 15 mph while costing under USD 1,000. For eBikes, VinFast announced the U.S. launch of DrgnFly, which uses a 750 W motor for a maximum speed of 20 mph. The DrgnFl...

Market & Tech Reports  Updated at: 2024/02/27

le sales in March were 553,000 units, reflecting an increase of 11.3% y/y (up 33.6% m/m). Cumulative sales from January to March increased by 15.5% y/y to 1.340 million units.    The government's new subsidy program for BEVs and chargers, effective April, will reduce subsidies by 20% for vehicles costing more than JPY 8.4 million. Since mini BEVs account for approximately 70% of new BEV sales in Japan, the government intends to use the reduced ...

Market & Tech Reports  Updated at: 2023/04/25

fronts: depth of development of core technologies, planning for mass-production product upgrades, Chinese domesticization of the supply chain, and attracting vehicle component suppliers. In the second half of the 14th Five-Year Plan period, SHPT plans to have a 100 kW-class fuel cell system product costing the equivalent of a large-displacement diesel engine.   In terms of domestic production of core materials, domestic production of core materi...

Market & Tech Reports  Updated at: 2022/12/16

ns of the Wrangler and Grand Cherokee. Representing another form of transition, Chrysler revealed the 300C and announced that it would end production of the 300 after the 2023 model year. 2023 Dodge Hornet compact SUV   Introduced in August 2022, the 2023 Dodge Hornet is an entry-level compact SUV costing less than USD 30,000 with a focus on performance. The Hornet will have two powertrains available. The Hornet GT features the Hurricane4 engine...

Market & Tech Reports  Updated at: 2022/10/28

of 2021 at a starting MSRP of USD 33,995. Prior to the Chevrolet Bolt, GM's only other recent battery electric model for the U.S. market was the Chevrolet Spark EV subcompact car. Developed as a compliance car, the Spark EV launched in June 2013 starting at USD 27,495 and was discontinued in 2016, costing USD 25,995 before production halted.   GM's next battery electric model will be the GMC Hummer EV pickup truck, which is set to be launched a...

Market & Tech Reports  Updated at: 2021/12/02

The new ADAS system is expected to be installed from the fall of 2021. Announced EV platform ・Geely Automobile Group announced its EV platform Sustainable Experience Architecture (SEA) on September 23, 2020. The SEA platform, which consists of three layers configured over a period of four years costing CNY 18 billion, covers body sizes from Class A to Class E by changing the wheelbase in the range of 1,800mm to 3,300mm. It can handle the desi...

Market & Tech Reports  Updated at: 2020/12/18

ions, and contracts. In addition, if these measures are taken, it is likely that there will be increased investment in power transmission and distribution facilities and a low-cost social infrastructure will be realized.   EVs are not owned by power companies, but the property of ordinary citizens costing millions of yen per vehicle owner. As a condition for accepting the control of EV charging, we need to consider whether it is money or some ot...

Market & Tech Reports  Updated at: 2020/04/01

e they hope to launch their robo-taxi business within 2 years. Tesla – Continued to expand its lead in Level 2 ADAS features, rolling out Hardware 3.0 for Autopilot, which includes their new in-house designed FSD (Full Self Driving) SoC. Autopilot became a standard feature in all Teslas, with FSD costing $7,000. New Autopilot features in 2019 include; Lane Departure Avoidance, Emergency Lane Departure Avoidance, Conditional Speed Limits. Curren...

Market & Tech Reports  Updated at: 2019/12/27

Ms in 2016) as essential sensors for the development of autonomous driving technology. Its LiDAR systems are unique in that they are capable of detecting 360° horizontally and 20° to 40° vertically.   Initially, Velodyne Lidar’s LiDAR products used by automakers were expensive, with each unit costing JPY 10 million. While these sensors were capable of performing 300,000 scans per second, and their high price was suitable for use in the expe...

Market & Tech Reports  Updated at: 2019/10/21

bility that the engine could suddenly stall. The recall affected 140,249 Subaru vehicles sold in the U.S.  Subaru said fixing the valve spring at the dealership requires the engine to be removed from the car and the repair work would take 12~13 hours (2 days) per car. This recall only would end up costing the company USD 500 million (JPY 55 billion).  Subsequently, Subaru announced the recall of 228,648 2018 Legacy sedans and Outback wagons for...

Market & Tech Reports  Updated at: 2019/02/13

ing countries (for example, the i-Ride introduced at the Tokyo Motor Show 2017). Even for the compact EV class of vehicles, a battery with significant capacity is required to achieve a range of 200 to 300 km so, in a manner of speaking, a standard vehicle that sells for 1.5 million yen is viewed as costing an additional 1.5 million yen to be equipped with a battery to make it an electrified vehicle. In particular for the compact vehicle segment, ...

Market & Tech Reports  Updated at: 2018/04/02

eriod January to November 2014. By month, all months excluding January, February, and April in the first half saw imports exceed the 100,000 vehicle mark, showing no major effects of the "10% additional tax at the point of production or import of passenger vehicles and mid/light commercial vehicles costing CNY 1.3 million or more (not including value-added tax*)" implemented on December 1st, 2016. In 2016, eight departments, including the Ministr...

Market & Tech Reports  Updated at: 2018/03/05

hina from January and May 2017 increased y/y by 24.8% to 477,000 units. In March and May, more than 100,000 vehicles were imported. Starting on December 1, 2016, an additional tax of 10% was applied to passenger vehicles and medium and compact commercial vehicles at the production and import phase, costing CNY 1.3 million or more (not including value-added tax note 2). However, as this additional tax only applies to imported vehicles in the ultra...

Market & Tech Reports  Updated at: 2017/09/04

ng out at the end of 2011, have supported volumes since 2012. Indeed, the N-Box was the bestselling Kei Car in Japan last year. Abroad, Honda is accelerating the launch of its emerging market model, the Brio, and its derivatives.   In India, Honda launched the 2017 City facelift model in February, costing USD 13,000-20,000. The model has received over 5k bookings within the first two weeks of its introduction. About 70% of the bookings so far ar...

Market & Tech Reports  Updated at: 2017/08/01

ce with Opel will be a game-changer. The OEM emphasized it will be a "step-change in innovation capability," and create a "stronger home base to address international growth opportunities" (see right image).   The acquisition will cost EUR 2.22 billion, with Opel (including Vauxhall from the U.K.) costing EUR 1.32 billion, and the European finance business costing EUR 900 million. The finance business will be purchased jointly with BNP Paribas. ...

Market & Tech Reports  Updated at: 2017/06/07

improved by nearly 20 points in comparison to 23.5% from the previous year, and following July 2016, there have been signs of a recovery.   However, an additional tax of 10% was implemented on December 1, 2016, targeted at passenger vehicles, as well as lightweight and mid-size commercial vehicles costing CNY 1.3 million or more (not including VAT) at the point of production or import. In addition to the current tax rate, an additional tax was a...

Market & Tech Reports  Updated at: 2017/02/20

d in a FCV was reduced to one-third from that in 2008. According to Toyota, nearly 90% of cost reduction came when the company found ways to mass-produce FCVs by establishing marketable reliability, driving conditions and durability. It is said that early FCVs were manufactured virtually one by one costing about JPY 100 million. Actual price of the Mirai Manufacturer's suggested retail price (including tax) JPY 7,236,000 CEV (clean energy veh...

Market & Tech Reports  Updated at: 2015/01/07

aving a plant outside of Japan" (Mr Iwai, Senior Executive Director, July 2012). MK Kashiyama Corporation: Operating a brake pad plant since July 2012  In October 2011, MK Kashiyama Thailand Co., Ltd., was established in Eastern Seaboard Industrial Park in Rayong Province. A disc brake pad plant costing 300 million yen was completed there in June 2012 and production started the following month with a monthly capacity of 50,000 sets. The pads w...

Market & Tech Reports  Updated at: 2013/04/18

el, fitted with a lithium-ion battery, that was released for sale in Japan in September 2012. Malaysia: Doubling production capacity to 100,000 units Building a second line  In July 2012, construction work started to build a second line in the existing plant in Malacca, Malaysia. The new line, costing approximately 8.7 billion yen, will double annual capacity at the Malaysian plant from 50,000 to 100,000 units in 2013. The second line will b...

Market & Tech Reports  Updated at: 2013/01/08

 In February 2011, Nisshinbo Brake and its Korean subsidiary, Saeron Automotive Corp., established a fifty-fifty joint venture, Nisshinbo Saeron (Changshu) Automotive Parts Co., Ltd., for manufacturing friction materials for brakes. The new company, capitalized at approximately 1.08 billion yen and costing 5 billion yen investment in total, is to start production in July 2012 with equipment capable of manufacturing 400,000 pieces a month. Produc...

Market & Tech Reports  Updated at: 2012/07/24