YoY in December, following gains of 14.2% in October and 11.1% in November, largely driven by rising electric passenger car output, which helped offset imports from 2022–2023 under government incentive programs. For the full year, total vehicle production edged down slightly by 0.9% YoY but still exceeded the annual target, reaching 1,455,569 units.   Domestic vehicle sales gained significant momentum in Q4 2025, surging 39.1% YoY in December,...

Market & Tech Reports  Updated at: 2026/02/20

d Rubber tires for vehicle Thailand H SEM MOTOR Battery swapping station for electric motorcycles Thailand/Japan Nittan (Thailand) Vehicle parts June (May 26 - June 23, 2025) Australia Anca Manufacturing Solutions (Thailand)  Machinery parts, other vehicle part and audio-visual parts China Exceed Technology (Thailand) Plastic parts for vehicles Inovance Automotive (Thailand) Components in electric vehicle propulsion systems Samudy Pr...

Market & Tech Reports  Updated at: 2026/02/17

a presentation on "Demonstration of Fuel Cell Vehicles and Construction of Hydrogen Fuel-compatible Highways." Mr. Jia WANG, General Director of Hydrogen Fuel Cell Research at the CASPRC Global fuel cell vehicle market   By June 2025, the number of fuel cell vehicles sold worldwide had exceeded 100,000 units. The top three countries are South Korea (38,000 units), China (30,000 units), and the United States (19,000 units), which toge...

Market & Tech Reports  Updated at: 2026/01/21

Global Motorcycle Production and Sales: India, China, and ASEAN Motorcycle sales in India and China exceed 19M units; new EV models continue to be introduced Summary Global motorcycle demand and production volume India: Motorcycle production at 23.9 million units; electric motorcycle sales exceed 1.2 million units China: Motorcycle production 19.97 million units, electric vehicle sales decrease, large-displacement vehicle sales increase Indonesia...

Market & Tech Reports  Updated at: 2025/12/25

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 in 2024 reached about USD 2.15 billion (about CNY billion). Penetration in the Chinese market in April 2025 already exceeds 73%, well above the global average.  AR-HUD and central control systems: The head-up display (HUD) market continues to grow, with technologic...

Market & Tech Reports  Updated at: 2025/12/24

e, rather than signalling a sustained recovery. The Turkish PV market grew for a ninth consecutive month as sales totalled 105k units in November 2025. The monthly selling rate remained broadly flat. YTD sales are now 938k units, up 11% from the same period in 2024. The PV market is now expected to exceed 1 mn units for the first time, on an annual basis. China The China PV market fell 6.4% YoY, with the latest result comparing to a particularl...

Market & Tech Reports  Updated at: 2025/12/19

con ADAS Horizon's Journey 6P and multi-sensor fusion solutions are already being used in several production models. Kunpeng Sky Optimus The thermal efficiency of the engine is over 48%, and when combined with the "Golden Range Extender" system, the oil-to-electricity conversion efficiency can exceed 4.0kWh/L. Furthermore, the high-efficiency turbocharger on board has a maximum efficiency of over 60%. Rock Solid Body 2.0 Feiyu ...

Market & Tech Reports  Updated at: 2025/12/16

ed to surpass CNY 60 billion by 2025. Of these, permanent magnet synchronous motors account for over 96% of the market share. As NEV market penetration continues to rise, the industry as a whole has entered a new growth cycle. By 2025, the scale of the drive motor industry as a whole is expected to exceed CNY 200 billion, with a compound annual growth rate of 15%–17%. Drive motors for NEVs are a core area, with 8.33 million sets installed as of...

Market & Tech Reports  Updated at: 2025/12/11

800V rare earth-free motor by 2027 that will be suitable for passenger cars, buses and robo-taxis.   Valeo Siemens eAutomotive (VSeA), the joint venture between the company and Siemens, has secured new orders worth EUR 1.5 billion in 2022. Valeo confirmed that VSeA's order book for 2021-2022 will exceed EUR 4.5 billion. Continental Click here to see recent developments   The consolidated sales turnover for the fiscal year ending in 2024 for Co...

Market & Tech Reports  Updated at: 2025/12/09

g Mengshi MORA platform, etc. (Source: Created by MarkLines based on the content of the presentation) Evolution of safety and intelligent driving experience   Currently, China's driver-assisted Level-2 (L2) penetration is rising rapidly, and in 2025 the penetration rate in passenger cars will exceed 65%. The penetration rate of NOA (Navigate-On-Autopilot) functionality in passenger cars is estimated to be close to 20%. However, safety risks...

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

le with over 1.4 million third-party charging stations. Currently, XPeng's charging service is provided to a cumulative total of more than 800,000 XPeng owners. Including other NEV users, the total number of charging services provided reaches 3.76 million users. The number of active users per month exceeds 900,000. Of these, general users already exceed the percentage of XPeng owners. The user composition is dominated by young users, who account ...

Market & Tech Reports  Updated at: 2025/12/02

Indian market 5-year forecast: New car sales to exceed 6 mn units in 2030 Passenger car market analysis: segment structure, sales volume by OEM Summary GlobalData Sales Forecast: India’s light vehicle sales to exceed 6 million units in 2030 2025 and medium-term trends in the passenger car market Reduction in GST for the automotive sector Passenger cars segment performance in 2024 Passenger car market segment structure OEM analysis of passenger ...

Market & Tech Reports  Updated at: 2025/11/20

e EPS penetration rate for local Chinese passenger car brands is expected to be around 94%. Steer-by-wire (SBW) is still only used in a small number of vehicles due to the difficulty of ensuring reliability and the high cost of creating redundant systems, and its penetration rate is not expected to exceed 5-6% by 2026. 2. Recent technology trends   In recent years, the recognition functions of ADAS sensors and cameras have improved rapidly, and ...

Market & Tech Reports  Updated at: 2025/11/18

e previous year.   Chinese OEMs accounted for about 70% of the passenger car market share in the first half of 2025. The sales decline of German and Japanese OEMs is severe, with market share shrinking.   According to GlobalData production forecast (October 2025), China's light vehicle production exceeded 30 million units in 2024 and is expected to maintain a level of 31 to 32 million units through 2028. Leading manufacturer BYD is projected to...

Market & Tech Reports  Updated at: 2025/11/14

agen to move up to third place, while SAIC and BAIC overtook Tesla in the top ten. Among emerging brands, Leapmotor saw a significant increase compared to the same period last year, replacing Li Auto as the top emerging OEM this quarter. XPeng and Xiaomi also enjoyed strong performances, with sales exceeding 100,000 units this quarter. Sales volume by OEM in China, July-September 2025(Source: MarkLines )   Chinese automakers are acce...

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

e stemmed from an ineffective incentive rollout that is expected to be resolved next month. The UK PV market remained broadly flat as registrations totalled 145k units (up 0.5% YoY) in October 2025. The monthly selling rate rose over 18% to 2.12 mn units/year. The PV market is expected to exceed 2 mn units for the first time since 2019. Although the new Electric Car Grant (ECG) is boosting BEV sales, changes to the Employee Car Ownershi...

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

as a new vehicle materials business in 1990. The company sews and produces cushions at its three manufacturing sites in Japan, China, and Thailand, and supplies them globally to module suppliers such as Autoliv and Nihon Plast. Although the company's production capacity is not disclosed, it likely exceeds 10 million units per year. In 2005, the company established KB Seiren, Ltd. to take over Kanebo Ltd.'s textile business, and has also entered ...

Market & Tech Reports  Updated at: 2025/10/27

ogy. It delivers an intelligent, personal and immersive cockpit experience. This model not only embodies Avatr's creative design challenges, but also the brand's ongoing pursuit of the concept of "Emotive Luxury." Avatr aims to fuse creative design and intelligent technology to create products that exceed expectations, requiring the redefinition of mobility experiences. Avatr Vision Xpectra concept car Avatr 06   The Avatr 06 i...

Market & Tech Reports  Updated at: 2025/10/20

Honda: HEVs thriving in North America and Japan GlobalData 5-Year Forecast: Honda struggling in China with BEV Summary GlobalData Sales Forecast: Honda to sell around 3.5 million units through 2030 China: Sales and production down sharply; expansion of BEVs an issue U.S.: Annual sales exceed 300,000 units with three HEV models Japan: HEV proportion expands, introduction of BEV mini vehicles   According to GlobalData's latest volume forecast, Hon...

Market & Tech Reports  Updated at: 2025/09/26

s, down 5.3% from 2.83 million units at the end of June. Inventory declines are particularly evident among imported brands that are more susceptible to tariffs. Toyota and Mitsubishi have inventory days below 30 days, BMW at 37 days, and Kia at 31 days, all of which are low levels. Most U.S. brands exceed 60 days, with Acura at 76 days and VW at 70 days.   On September 11, the Hyundai and LG Energy Solution Ltd. (LGES) joint venture battery plan...

Market & Tech Reports  Updated at: 2025/09/26