Suzuki's Global Sales Exceed 3 Million Units, 4.2 Million Target for FY2030 Launch of e VITARA in India, increasing electric and CNG vehicles Summary New mid-term management plan, "By Your Side", for FY2025-2030 Major trends toward the introduction of electric and CNG vehicles Technology trends: Strengthening CNG business with a focus on carbon neutrality Indian market: Record high sales in 2024; Expanding sales lineup focusing on SUVs Japanese m...

Market & Tech Reports  Updated at: 2025/05/15

in China-4 emission standards. Related reports:Alliances of Major OEMs in the Chinese Market (Apr. 2025)Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% (Feb.2025)Chinese Market Q4 2024 (Jan. 2025)Chinese Market Q3 2024 (Nov. 2024)Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024)Chinese Market Q2 2024 (Aug. 2024)Chinese Market Q1 2024 (May 2024)         Currently, Chinese automakers ...

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

.2% y/y.   The CX series of the large product line consists of four models, with the wide-body, two-row CX-70 being launched in the U.S. and Canadian markets in the spring of 2024, and the three-row CX-80 launched in Japan and Europe in the fall of 2024. While sales in most markets are expected to exceed those of the previous year, the North American market is expected to contribute the most.   In China, the EZ-6 EV and PHEV were launched in Oc...

Market & Tech Reports  Updated at: 2025/04/01

s measured by vehicle sensors and provides the monitoring system with deep insights into the state of the driver. The AI is thus in a position to unambiguously determine whether the driver is under the influence of alcohol. “Our solution offers automotive manufacturers the possibility to meet and exceed the Euro NCAP safety evaluations for 2026”, said Ilan Reingold, CEO of CorrActions. The NHTSA are behind similar efforts in the USA within th...

Market & Tech Reports  Updated at: 2025/03/21

Chery: Jump in NEV Sales; Promoting Intelligent Technology 2nd place in passenger car sales; top in exports for 22 consecutive years Summary Revenues and sales: Revenues exceed CNY 480 billion, jumping to second in passenger car sales in China Core Technology: Shift from electrification to intelligent vehicles; accelerating AI Overseas Trends: No. 1 in passenger car exports for 22 consecutive years, building a plant in Spain Chery Group's sales v...

Market & Tech Reports  Updated at: 2025/03/07

- G and Group Coordinator (R&D - Electronics & IT) Ministry of Electronics and IT (MeitY), Govt. of India (GoI)   Related reports:Bharat Mobility Global Expo 2025: BEVs in India (Feb. 2025)Indian passenger car market: growth trends and outlook (Dec. 2024)Suzuki: Production capacity in India to exceed 4m units by 2030 (Mar. 2024)Investment in India: OEMs, Two-wheelers, and Suppliers (Feb. 2024)       Saurabh Dalela, iCAT Director   Mr. S...

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

e OEM, and after careful examination of the contents, the new subsidy amount will be determined and announced after mid-March.   Toyota Motor Corporation has solidified plans to produce approximately 3.4 million units (Toyota and Lexus) in Japan in the 2025 calendar year. Production is expected to exceed 3 million units for the third consecutive year, reflecting an increase of about 10% over 2024. Overseas production is expected to increase slig...

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

CEO Scott Keogh made clear at CES 2025.   The EREV is a model equipped with a gasoline engine that acts as an onboard generator to charge the battery, addressing concerns among consumers about running out of power due to a lack of charging stations. The number of reservations for EREVs is said to exceed that for EVs.   The Scout-branded EVs, Traveler and Terra, were announced in October 2024, along with plans to begin production in 2027 at the...

Market & Tech Reports  Updated at: 2025/02/21

Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% BYD leads the pack; Seres, in development partnership with Huawei, sees significant growth Summary 2024 vehicle sales in China up 4.5% y/y to 31.4M units Sales by group: BYD tops the list, Geely and Chery perform well Passenger car market: Chinese-OEMs share exceeds 65% Sales by vehicle type : SUVs account for 53.8% of the PV market; many BYD in the Top 10 sedans and hatch...

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

ies for electrification and smart vehicles Manufacturing sites: Expanded to Southeast Asia, Europe, South America, and other regions Overseas trends: Overseas passenger car sales reach 417,000 units in 2024 Business situation: Sales have increased significantly, and the number of employees globally exceeds 1 million BYD’s sales volumes in China (factory shipments) GlobalData Sales Forecast: BYD’s light vehicle sales in 2027 will be 5.08 milli...

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

e second phase of its production line in 2024. The annual production capacity is 600,000 units, and annual sales have already reached 460,000 units. The construction of the third production line is expected to be completed in 2027, and the production and sales volume of power modules is expected to exceed 1 million units. Technology forecasting (Electric powertrain/drive motor/motor control) Electric drive assembly technology High-speed electr...

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

timent and strategic model releases. Full-year global build is predicted to reach 6.26 million units in 2025, up 8.8% YoY from 5.76 million units in 2024 (a -16.1% decrease over 2023). BYD AutoLooking ahead to 2025, it is optimistically estimated that BYD Auto’s production in China is expected to exceed 5 mn units in 2025, mainly based on three incremental increases: 1) the sales of newly launched mid-to-high-end models priced above CNY200,000 ...

Market & Tech Reports  Updated at: 2025/01/31

t, which requires that, in principle, the proportion of NEVs among official vehicles procured annually be at least 30%.   Related reports:SAE China 2024: Smart Cars (Jan. 2025)SAE China 2024: New Energy Vehicles (Dec. 2024)Chinese Market Q3 2024 (Nov. 2024)Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M (Aug. 2024)Chinese Market Q2 2024 (Aug.2024)Chinese Market Q1 2024 (May. 2024)   Chinese automakers are accelerating the...

Market & Tech Reports  Updated at: 2025/01/28

COVID-19 pandemic, suggesting that a long-term change in the market structure is underway. Heavy-duty 12+ ton class + tractors Hino's volume in 2023 relative to 2018 has declined to 30%, while other companies have recovered to over 95%. Hino has the largest decline in this class. Isuzu's volumes exceed 130%, which is likely the result of Hino's decline. Since the delivery lead time for heavy-duty trucks, including bodywork/customization, takes...

Market & Tech Reports  Updated at: 2025/01/07

s: Pilot Product (ADAS/H-NOA/C-NOA)and Drive Product (Robotaxi/Robotruck/Robobus). It will also create a world-class AI foundation and use AI to provide a customized driving experience for global users. He said that over the next three years, Chery Automobile's NOA-equipped vehicles are expected to exceed one million units, and the installation rate will exceed 50%. Chery’s NOA enters commercial production Domestic Estimated China domestic v...

Market & Tech Reports  Updated at: 2025/01/07

on the overall electric vehicle sales market in the future, and future moves by the new Trump administration should be closely monitored.   Meanwhile, BYD Auto Co. Ltd. (BYD) continues to make great strides, especially in the Chinese market. BYD sold 2.83 million units in 2023, but in 2024, sales exceeded the previous year's level as of October (3.008 million units), reaching 3.495 million units through November, reflecting a 39.0% increase ove...

Market & Tech Reports  Updated at: 2024/12/27

ning and intelligent lighting. Intelligent automotive cockpits have not only improved driving and passenger safety and comfort, but have also given automobiles many attributes of interaction and intelligence.   Market size and penetration rate   The intelligent cockpit market size is projected to exceed CNY 150 billion in 2024 (maintaining an average annual growth rate of about 15%). In particular, the penetration rate of intelligent cockpits ...

Market & Tech Reports  Updated at: 2024/12/19

Chinese Market: NEV Sales Trend in 2024 BEV and PHV sales and segment data Overview NEV sales overview in the Chinese market (2023 - 2024) Compact cars (A and B segments) Mid-size and large vehicles (D, E, and F (D~F) segments) Summary   China, the world's largest automobile market, has new vehicle sales exceeding 25 million units per year (in 2023), with many NEV (New Energy Vehicle: BEV, PHV, FCV) models being introduced and NEV sales increasi...

Market & Tech Reports  Updated at: 2024/12/19

er 2023. In YoY terms, sales (i.e., domestic wholesales) increased by 10% in November, thanks to robust Passenger Vehicle (PV) sales — but declined marginally (-0.4%) YTD, dragged by continuing double-digit declines in Light Commercial Vehicle sales. YoY growth in retail sales of PVs continued to exceed that of wholesales, suggesting that the underlying momentum in the market is perhaps stronger than the wholesale data indicates. Consumers are ...

Market & Tech Reports  Updated at: 2024/12/17

et share status -- Statistics on automotive drive motor installations in China In the first half of 2024, the number of drive motors installed in Chinese New Energy Vehicles (NEVs) continued to increase significantly. For the full year, the annual sales volume of New Energy Vehicles is projected to exceed 11.5 million units (up about 22%) in 2024, up from the approximately 9.45 million units sold in 2023. The increase in drive motor installations...

Market & Tech Reports  Updated at: 2024/11/28