In January 2026, vehicle production rose 10.5% YoY. In February and March, production increased 3.4% YoY and 2.7% YoY, respectively. This brought total production in Q1 2026 to 369,751 units, up 5.3% YoY. Growth was supported by higher passenger vehicle output, particularly HEVs and BEVs, although ICE vehicles continued to account for the majority of total production.   Domestic vehicle sales followed a mixed monthly trend. On a month-on-month ...

Market & Tech Reports  Updated at: 2026/05/21

cted to grow only slightly, rising 0.4% year-over-year (y/y) to 1,287,000 units, the market for hybrid models was projected to expand significantly, increasing 27.7% y/y to 2,209,000 units (1,917,000 HEVs and 292,000 MHEVs (mild hybrid electric vehicles)). In the U.S., since President Trump took office, BEV tax credits have been eliminated, and BEV prices have remained high at around $60,000. Coupled with lingering concerns about charging infrast...

Market & Tech Reports  Updated at: 2026/05/19

structure, charging infrastructure, algorithm and data source partners, and vehicle maintenance and servicing. Hugh Nguyen noted the potential of unexpected partnerships, highlighting the example of Waymo’s partnership with Avis, a car rental company, to support the deployment of the robotaxi service in Dallas. As Waymo’s fleet operations partner in Dallas, Avis provides services including infrastructure, vehicle readiness, vehicle maintenanc...

Market & Tech Reports  Updated at: 2026/05/14

Energy Vehicle: BEV, PHEV, FCEV) lineup as well as sales, aiming for an annual sales target of 1 million units by fiscal year 2030. Furthermore, Dongfeng Nissan's development team has expanded to a size of 4,000 people, and is accelerating development speed by promoting the development of NEVs and ICE-powered vehicles in parallel.   At the show, Nissan CEO Ivan Espinosa took the stage and stated that China is one of Nissan's leading markets and...

Market & Tech Reports  Updated at: 2026/05/14

aled 1.225 million units, up 7.5% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 776,000 units, up 7.0% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 362,000 units, up 13.7% y/y; range-extended electric vehicle (REEV) volumes totaled 87,000 units, down 9.1% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 72,000 units, up 2% y/y. In the BEV market, wholesale volumes o...

Market & Tech Reports  Updated at: 2026/05/13

nesia,Philippines – India (Source: MarkLines Toyota, Search OEM Plants by Country/OEM) RAV4 Sales and Production Trends   The North American version of the RAV4 is produced at three locations: the Georgetown Plant in Kentucky, U.S., and the Woodstock and Cambridge Plants in Ontario, Canada. ICE (internal combustion engine), HEV, and PHEV (plug-in hybrid electric vehicle) versions are imported from Japan.   In the first quarter of 2026, R...

Market & Tech Reports  Updated at: 2026/05/12

us driving". SAIC, Geely, and Chery have successively announced upgrade strategies related to AI, promoting integration in areas such as cockpits, autonomous driving, and chassis. BAIC's ARCFOX has started a large-scale demonstration test of L3 compliant vehicles, while Changan has obtained a test license for its L4 Robotaxi. Regarding solid-state and sodium-ion batteries, automakers such as BYD, Chery, Changan, and BAIC are accelerating their R&...

Market & Tech Reports  Updated at: 2026/05/11

mn units, up 5% from the first four months of 2025. April 2026 totals benefited by comparison to a low base in April 2025. Across the region, sales continue to be bolstered by a robust uptake in Battery Electric Vehicles (BEVs), driven by supportive policy measures and the entry of competitively priced international brands, particularly from China. While the first half of the year so far has shown promise, rising energy prices stemming from tens...

Market & Tech Reports  Updated at: 2026/05/08

Entrance to BIMS 2026 BIMS 2026 venue BIMS 2026 booking results displayedSource: BIMS47 press release   Toyota presented a wide-ranging display at this year's show under the “Circle of Trust” theme, which highlights the brand's focus on ownership confidence across products, services, and its wider ecosystem.   The all-new Land Cruiser FJ is a key highlight, making its Thai debut on March 21 under the “Bold & Unbound” con...

Market & Tech Reports  Updated at: 2026/05/08

European output rose by 0.7% as the Group ramped up several newly launched models built on multi-fuel platforms. This has given it the manufacturing flexibility to benefit from renewed interest in hybrids, in addition to underlying growth in BEV adoption, while offsetting the general decline of its ICE vehicle assembly in Europe in line with the EU’s emission goals. ICE build is increasingly being outsourced to North Africa, where output rose i...

Market & Tech Reports  Updated at: 2026/04/30

Electrified Vehicle (xEV) Sales Monthly Report (March 2026) HEVs remain strong amid high fuel prices; BEVs and PHEVs see growth driven by Chinese OEMs Global electrified vehicle sales and composition by powertrain (BEV/PHEV/HEV) Trends in sales volume and share of electrified vehicles (xEVs) in major countries and new car sales trends by country Trend in sales volume of electrified vehicles (xEVs) of major OEMs About this Report   Sales o...

Market & Tech Reports  Updated at: 2026/04/27

generation FC module, oblique viewDisplay panel of actual product sample of next generation FC module Display panel for joint demonstration tests   The FC Stationary Fuel Cell Power Generator is a stationary power storage system that supplies clean hydrogen-derived electricity to factories, offices, and other large facilities using vehicle fuel cell technology, and was tested from August 2025 to March 2026 in Shunan City, Yamaguchi Prefectur...

Market & Tech Reports  Updated at: 2026/04/22

nsmission lineup has been consolidated into two in-house models and one outsourced model from Aisin (the FR6). Table 1. Types of ATs sold domestically by Japanese OEMs You can scroll the table left and right OEM Powertrain Number of AT speeds Drive wheel Main adopted models Toyota / Lexus ICE 6 RWD Toyota86/Subaru BRZ, Hilux, Hiace Wagon, Land Cruiser 250 (gasoline), Toyota/Hino light-duty truckCoaster, Toyota/Daihatsu/Mazda commercial...

Market & Tech Reports  Updated at: 2026/04/17

llion units, up 1.1% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 695,000 units, down 2.0% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 352,000 units, up 6.1% y/y; range-extended electric vehicle (REEV) volumes totaled 96,000 units, up 7.7% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 102,000 units, up 17% y/y. In the BEV market, wholesale volum...

Market & Tech Reports  Updated at: 2026/04/10

ia, the two-wheeler is a primary mode of transportation. Like other segments of mobility, India is seeing a growing trend toward the adoption of electric mobility in the two-wheeler segment. By volume, the two-wheeler segment represents the highest volume in the market. This segment is dominated by ICE vehicles. But in recent years, electric two-wheelers have been gaining a steady share in the overall two-wheeler market in India.   Rising fuel p...

Market & Tech Reports  Updated at: 2026/04/08

to the overall decline in new car sales, the share of xEVs in Chinese domestic sales increased from the previous month to 52.9%. In addition to changes in the New Energy Vehicle (NEV) support measures starting from January and the impact of the Chinese New Year holiday in late February, excessive price reduction of BEVs and PHEVs is being restrained in response to intensive competition in the Chinese market, leading to ongoing uncertainty beyond ...

Market & Tech Reports  Updated at: 2026/03/27

ng to the organizers, the event attracted 580,250 visitors and generated IDR 8.7 trillion (approximately JPY 81.5 billion) in sales during the period. Although the number of visitors decreased slightly from 2025, sales increased. IIMS 2026 entrance   There had been speculation that EV prices might rise in 2026, but so far prices have remained unchanged. Instead, there is a trend towards increasing the unit price by adding value throug...

Market & Tech Reports  Updated at: 2026/03/27

d 723,000 units, down 13.1% y/y. Specifically, battery electric vehicle (BEV) volumes totaled 421,000 units, down 12.2% y/y; plug-in hybrid electric vehicle (PHEV) volumes totaled 246,000 units, down 12.9% y/y; range-extended electric vehicle (REEV) volumes totaled 55,000 units, down 20.1% y/y; and ICE-powered (ICE: internal combustion engine) hybrid passenger vehicle volumes totaled 52,000 units, down 3.4% y/y. In the BEV market, wholesale volum...

Market & Tech Reports  Updated at: 2026/03/16

Automotive World 2026: Batteries, Charger-related Technologies BorgWarner LFP battery packs, Yazaki charging wire harnesses, and more Summary Battery-related exhibits (BorgWarner, Tokyo Cosmos Electric, NGK Insulators) Charger-related products and measuring equipment (Yazaki, Nabtesco, Anritsu) Engineering services (Persol Cross Technology, TCS, SolutionX, NST) The concurrent Automotive World and NEPCON Japan expos were held January 21 - 23, 202...

Market & Tech Reports  Updated at: 2026/03/10

act of changes in New Energy Vehicle (NEV) support policy, such as the switch from full exemption of vehicle purchase taxes until the end of 2025 to half exemption in 2026, and the change from fixed amount subsidies for vehicle replacement to a format where subsidies vary according to the vehicle price. The increase in Thailand can be attributed to the fact that this was the final month of incentives under the EV 3.0 scheme (EV promotion measures...

Market & Tech Reports  Updated at: 2026/03/03