aims to achieve carbon neutrality by 2060 and has emphasized electrification of the transportation sector. The government has set a production target of Low Carbon Emission Vehicles (LCEVs, including battery EVs (BEV), hybrid vehicles (HV), and plug-in hybrid vehicles (PHV)) at 1 million units in 2035. The government also aims for BEVs accounting for 20% of automobile production by 2025.   To promote electrified vehicles, the government will co...

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

2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% (Feb. 2025)SAE China 2024: Smart Cars (Jan. 2025)SAE China 2024: New Energy Vehicles (Dec. 2024)Chinese OEM Overseas Expansion Activities: Chery, Changan (Nov. 2024)Auto China 2024: SAIC and Chery (Jun. 2024)Chery: New intelligent EV brand iCAR; transforming into a global technology company (Jun. 2023)     According to Chery's official website, the group's sales revenue in 2024 was CNY...

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

become an EV and EV battery manufacturing hub. The government will also continue to offer exemptions from value-added taxes, sales taxes on luxury goods, and import duties until 2024-2025.   Malaysia has set a target of 20% electrified vehicles (EVs + HVs) as a percentage of new vehicle sales by 2030, and is working to promote the spread of EVs by offering exemptions and reductions on import tariffs, excise taxes, sales taxes, road taxes, etc. ...

Market & Tech Reports  Updated at: 2024/09/04

GAIKINDO Indonesia International Auto Show 2024 Emerging forces such as Chinese manufacturers, Hyundai, and VinFast are on the rise Summary BYD: Debut of the “M6”, an MPV-type EV Wuling: Locally produced flagship models A, B, C (Air ev, Binguo EV, Cloud EV) GAC Aion: Debut of the Hyptec HT and Aion ES Chery Automobile: iCAR 03, an off-road SUV EV Great Wall Motor (GWM): Launches new models Haval Jolion and Tank 300 Dongfeng (DFSK)/SERES: Sell...

Market & Tech Reports  Updated at: 2024/08/30

Auto China 2024: SAIC and Chery MG electrified supercar, Chery Fulwin SUV, first MPV under the Exeed brand, etc. Summary SAIC: Unveils hydrogen fuel extender model and debuts an electrifed supercar concept car Chery: Debut of the Fulwin E06 Concept and iCAR 03T, the first MPV concept under the Exeed brand Chery booth   The 18th Beijing International Automotive Exhibition (Auto China 2024) was held at the China International Exhibition C...

Market & Tech Reports  Updated at: 2024/06/11

nounced on April 10, 2024, that vehicle sales volumes in China showed a 10.6% year-over-year (y/y) increase to 6.72 million units in the first quarter (January-March) of 2024. Of this total, passenger car sales grew 10.7% y/y to 5.687 million units. Commercial vehicle sales increased 10.1% y/y to 1.033 million units. New Energy Vehicles (NEVs: BEVs, PHEVs, FCVs) grew 31.8% y/y to 2.09 million units, giving NEVs a 31.1% share of the motor vehicle ...

Market & Tech Reports  Updated at: 2024/05/07

capacity, “/year” omitted CO2 : Used to refer to all greenhouse gases 2022 Battery manufacturer market share by SNE Research of South Korea I-1. Policy trends of various countries   Europe Based on the European Commission's 2021 "Fit for 55" package (12 policies to achieve the 2030 CO2 reduction target of 55% below 1990 levels), a provisional agreement on CO2 emission standards for passenger cars and light commercial vehicles...

Market & Tech Reports  Updated at: 2023/11/01

Chery: New intelligent EV brand iCAR; transforming into a global technology company Promoting the Stellar 2025 strategy, launching the C-DM third-generation PHEV system in 2023 Summary Shift to NEV strategy: Full NEV conversion of each brand; Building C-DM, a 3rd-generation hybrid technology Stellar 2025 strategy: 4 areas, 2 platforms, 8 core technologies iCAR Brand: New energy architecture, ecosystem, scenario intelligence Production system: Qin...

Market & Tech Reports  Updated at: 2023/06/21

Auto Shanghai 2023: SAIC, Chery SAIC Announces NEV Business Development Plan; Chery's World Premiere of EV Concept ARRIZO Star Summary SAIC Group: Annual sales of 3.5 million NEVs by 2025 Chery: Unveiled flagship sedan concept Arrizo Star, iCAR series Rising Auto exhibit   The 20th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2023 motor show) was held at the National Exhibition and Convention Center in Shanghai f...

Market & Tech Reports  Updated at: 2023/06/05