sales are now up 1% compared to the same period in 2024, at 8.8 mn units. The new US-EU trade deal has alleviated trade policy uncertainty, and when combined with rising real wages and increased government spending, particularly in Germany, the outlook for the region has improved since mid-year. We forecast PV sales will be broadly flat this year at just over 11.5 mn units. Across the region's five major markets, all experienced growth for the fi...

Market & Tech Reports  Updated at: 2025/10/08

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

y EVs for the North American market: Cooperation with GM to launch the "Prologue" and "Acura ZDX" NEVs for the Chinese market: Joint development of advanced driver assistance technology with Momenta EVs for the Japanese market: Launch of two N-series light passenger EV models Upward revision of the forecast for FY2025 Strengthening Honda's business foundation through the reassessment of the powertrain portfolio (Source: 2025 Honda Business...

Market & Tech Reports  Updated at: 2025/09/03

ch as U.S. tariffs affecting global trade, economic slowdowns in key export markets, stricter carbon emission regulations, model discontinuations amid a shift to newer lineups, geopolitical tensions, and intensified export market competition, the FTI has revised Thailand’s 2025 vehicle production forecast. The target was lowered by 3.33%, from 1.5 million to 1.45 million units, primarily due to a 5% cut in projected production for exports (from...

Market & Tech Reports  Updated at: 2025/08/28

it is evolving rapidly overall. In particular, the spread of L2 advanced driving assistance systems, such as Huawei's highway and urban NCA (Navigation Cruise Assist), is accelerating. L2+ advanced driver assistance penetration rate The table can be scrolled left and right. 2023 2024 2025 (forecast) 2027 (forecast) 7.3% 12.4% 30%+ 50%+ (Source: Prepared by MarkLines based on the content of the presentation) New businesses in the f...

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

18.6% to 51,000 units), and in Europe to increase 17.6% to 60,000 units due to the sales expansion of the new Outlander PHEV. Mitsubishi Motors Corporation Financial Results (FY2021 - FY2024, FY2025 Q1) and Management Targets for FY2025 (JPY millions) FY2021 FY2022 FY2023 FY2024 FY2025Q1 FY2025Forecast Net sales 2,038,909 2,458,141 2,789,589 2,788,232 609,091 2,950,000 Operating income 87,331 190,495 190,971 138,826 5,638 100,000 Opera...

Market & Tech Reports  Updated at: 2025/07/30

Global Top 10 Countries Sales Forecast (Q2 2025) Global sales to increase 1.3% to 89.9M units in 2025, downward revision from previous forecast Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle sales are forecast to increase by 1.3% YoY to 89.9 mn.-The latest update to the Global Light Vehicle (LV) market forecast h...

Market & Tech Reports  Updated at: 2025/07/28

Global Top 10 OEMs Production Forecast (Q2 2025) Global production to reach 91.0M units in 2025, 91.4M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle production in 2025 is estimated to increase by 0.6% YoY to 91.0 mn.-The implementation of the new 25% US auto and auto-part tariffs has undermined our...

Market & Tech Reports  Updated at: 2025/07/28

the fourth consecutive year, concerns over impact of U.S. tariffs Hyundai/Kia Group: Production of SUVs for the U.S. market transferred to the U.S. plant Chinese manufacturers: Tension in U.S.-China relations creates headwinds for new entrants Tesla, BYD, and Hon Hai (Foxconn) GlobalData Production Forecast: Mexico light vehicle production expected to be 3.56 million units in 2028 Mexico light vehicle production and export volumes(Source: M...

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

e for specific market segments, yet alternative fuels in internal combustion engines and hydrogen options also have potential applications. The complexity of the situation requires a multi-layered approach to achieve an effective transition to sustainable transportation solutions Energy path forecast (46th International Vienna Motor Symposium, organized by the Austrian Society of Automotive Engineers (ÖVK) and the Institute for Powertrain...

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

ual report was released on April 25, 2025. It has 270 pages and is available at: https://ir.pony.ai/static-files/1a05b7da-8302-41d1-8800-d4ce7b1485e2.   There are multiple versions of the IPO filing. I used this version that was published on November 27, 2024. It has 343 pages and included summary forecast data on both robotaxis and robotrucks for China and global market to 2035. It is available at: https://ir.pony.ai/static-files/511f2bca-b981-...

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

r 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 of EV batteries 2025 sales in Indonesia expected to grow 4% y/y to 900,000 units (GAIKINDO’s forecast in April 2025) Domestic market: Toyota launches Prius and Camry HVs; Mazda introduces CX-80 PHV Production Forecast by GlobalData: Indonesian...

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

ectations, primarily due to declining consumer confidence stemming from inflation worries, potential heavy US trade tariffs, and broader economic uncertainty. This year, there has been a downturn in sales across three of the five largest markets—France, Germany, and Italy. GlobalData continues to forecast sales to fall short of 2024’s result, the current outlook seeing sales totalling 11.4 mn units (-1% YoY). The PV selling rate for Wester...

Market & Tech Reports  Updated at: 2025/06/09

y of Bosch's business start in Japan. iBooster is a modern braking system that realizes high-performance braking functions such as compatibility with vacuumless systems, customized pedal feeling, improved collision damage mitigation braking performance, and redundancy under automated driving. Bosch forecasts that the electric brake booster market will expand at a rate of more than 20% per year until 2027. In September 2022, production of the iBoo...

Market & Tech Reports  Updated at: 2025/05/29

up by double digits for the fourth consecutive month, after low levels of production and sales in the previous year due to the vehicle certification fraud issue.   Automakers are confused and unable to fully gauge the impact of Trump's tariffs. Toyota included the impact of tariffs in its earnings forecast for April and May only, while Mazda did not provide a full-year outlook. While the Japanese side is considering the reduction or elimination ...

Market & Tech Reports  Updated at: 2025/05/26

eup focusing on SUVs Japanese market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 Sales and production volume trends: Aiming for global sales of 4.2M in FY2030 Business Performance: record-high sales and profits for the full year of FY2024 GlobalData Sales Forecast: Suzuki to sell 3.18 million units in 2028 Suzuki's first mass-produced EV, the “e VITARA” (Source: Suzuki) Under Suzuki's new ...

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

MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-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 un...

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

rn European PV market remains the same as last month. Global and regional economic headwinds, specifically US President Donald Trump’s tariff plans, have heightened uncertainty and hurt consumer confidence, which is now having real affects in many Western European markets. GlobalData continues to forecast 2025 sales to fall short of 2024’s result. The PV selling rate for Western Europe in April was 11.2 million units/year. While this was s...

Market & Tech Reports  Updated at: 2025/05/09

Global Top 10 OEMs Production Forecast (Q1 2025) Global production to reach 92.4M units in 2025, 93.7M units in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle production in 2025 is estimated to increase by 2.4% YoY to 92.4 mn.-The production forecasts in this report do not reflect the full extent of the US t...

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

Global Top 10 Countries Sales Forecast (Q1 2025) Global sales to increase 3.0% to 91.5M in 2025, 1.3% to 92.7M in 2026 Summary Commentary by GlobalData ⋆An updated version of this forecast report will be released every quarter -According to a report by GlobalData as of Q1 2025, global light vehicle sales are forecast to increase by 3.0% YoY to 91.5 mn.-This update does not take account of the US tariffs that are being brought in as the Trump ad...

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