Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for 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...

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

Bangkok International Motor Show 2025 (2) Japanese & European OEMs Mitsubishi, Mazda, Honda, Nissan, Suzuki, Isuzu, and others Summary Mitsubishi: Xforce HEV Mazda: Iconic SP compact electric sports car Honda: e:N1 and City Hatchback DRIVAL Nissan: Serena e-POWER Suzuki: Swift and Carry Isuzu: Dragon Max pickup truck Toyota: Hilux Champ, Lexus RX 450h+ PHEV Ford: Everest Sport Special Edition Hyundai: N Line Series Volvo: XC90 PHEV and EX90 BEV ...

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

Analysis Report: Airbag (U.S. and European Markets) Applications of airbag system technology rapidly expanding List of suppliers Introduction I. Airbag market trends II. Airbag technology trends III. Technology development and global business and facilities of major airbag suppliers (U.S./Europe) IV. List of airbag suppliers by OEM customer (for U.S./EU produced models) V. Equipment list by supplier and model (for U.S./EU produced models) ⅤI. S...

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

Hyundai and Kia: Expanding HEV/EV models, strengthening US business Hyundai strengthening HEV & hydrogen strategy, Kia pursuing EV & PBV market strategy Summary Hyundai Motor Group global sales volume Hyundai Group production sites (after 2024) Hyundai's mid- to long-term plan: Strengthening development of HEVs and EREVs, expanding to 21 EV models Kia's mid- to long-term plan: Investing KRW 38 trillion over 5 years in electrification, PBV, and SD...

Market & Tech Reports  Updated at: 2025/04/07

Indonesia International Motor Show 2025 (IIMS 2025) Chinese OEMs, Japanese OEMS, Hyundai, VinFast exhibits; charging network Summary Wuling: Top in local EV sales with launch of Air EV and Cloud EV BYD: Promoting the Sealion 7, local plant to start production in January 2026 GAC Aion: Aion V debut Chery: Unveiling Tiggo, Jaecoo, Omoda, and Jetour electric vehicles Geely: Re-entering the Indonesian market with CKD production of the EX5 Honri: Maki...

Market & Tech Reports  Updated at: 2025/03/31

ASEAN Vehicle Sales and Production Update (Q3 2024) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - September 2024 Thailand BEV sales by OEM ASEAN News Topics (Q3 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports:ASEAN (2) Increase in Chinese car production (Oct. 20...

Market & Tech Reports  Updated at: 2024/11/26

Analysis Report: Lithium-Ion Battery (Japan, Europe, North America and Korea) Each company's EV strategy and next-generation battery technology List of Suppliers Introduction Ⅰ. OEM BEV and battery strategy (Overall trends) II. Trends of Major Battery Suppliers III. Simple explanation of LiB technology Japan Panasonic Energy Prime Planet Energy & Solutions (PPES) Toyota Industries Corporation AESC Group Vehicle Energy Japan Blue Energ...

Market & Tech Reports  Updated at: 2024/10/18

ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs Thailand: BYD and Wuling begin EV production, Indonesia: Hyundai and LGES build JV battery plant Summary Electrification policies and EV launch plans of ASEAN countries (Overview) Introducing EVs to the ASEAN market and building manufacturing sites Thailand's electrification policy: New EV preferential policies to be implemented from 2024 to 2027 Indonesia's electrification policie...

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

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup Hyundai and Kia to build EV plants in Korea, battery joint venture plants with LGES/SK On in the US Summary Korean government: Aiming to have 4.2 million EVs on the road by 2030, continuing EV subsidies in 2024 Korean vehicle production capacity is 4.48 million units, Hyundai and Kia building EV dedicated plants Hyundai Motor Group’s electrification strategy Hyundai Mo...

Market & Tech Reports  Updated at: 2024/07/25

Analysis Report: Airbag (U.S. and European Markets) Expansion of airbag equipment and development of airbags for motorcycles List of suppliers Introduction I. Airbag market trends II. Airbag technology trends Ⅲ. Technology development and global business and facilities of major airbag suppliers (U.S./Europe) IV. List of airbag suppliers by OEM customer (for U.S./EU produced models) V. Equipment list by supplier and model (for U.S./EU pro...

Market & Tech Reports  Updated at: 2024/04/25

Indonesia: BYD, MG, Great Wall, Chery and VinFast entering EV market Tax incentives to continue, utilizing nickel to build EV ecosystem Summary Electrification policy: Tax incentives for EVs to continue in 2024 EV sales in Indonesia: 2023 sales increase 40% to 17,000 units Utilizing nickel ore to make Indonesia EV battery production hub Mitsubishi, Hyundai to increase production capacity, Citroen, BYD, Neta to start local manufacturing 2023 sales...

Market & Tech Reports  Updated at: 2024/04/12

markets.   Japan: Many Japanese automakers have been adopting CVTs (continuously variable transmissions) as a way to improve fuel efficiency, so the use of automatic transmissions is on the decline. Light vehicles equipped with ATs account for about 15% of all vehicles sold, with CVTs, including HEVs (Hybrid Electric Vehicles), and Nissan and Honda HEVs, which do not have gear boxes, being the majority. Daihatsu changed from ATs in its mini com...

Market & Tech Reports  Updated at: 2024/03/21

Automotive World 2024: Electrification Technologies (1) e-Axles and Motors 15th EV, HV & FCV Technology Expo, 16th Int’l Automotive Electronics Technology Expo Summary e-Axles, drive motors (BorgWarner, Fukuta, EVR Motors-Mitsuba, Taiyo Sangyo Trading, F.C.C.) Winding equipment (Odawara Engineering, Nittoku, Uptech, Sanko Kiki, Daiichi Jitsugyo, Bestec) Magnetic materials/components (Kuroda Precision Industries, Shin-Etsu Chemical, Sumitomo Ele...

Market & Tech Reports  Updated at: 2024/02/15

essors. Electric vehicles must be able to operate their air conditioners without relying on an internal combustion engine, which has created the need that the compressor, the "key" component of air conditioning systems, be electrically driven rather than engine-driven.   Secondly, as for heating, BEVs (battery electric vehicles) and PHEVs (plug-in hybrids) use PTC heaters and heat pump systems, as the heating function using engine coolant circul...

Market & Tech Reports  Updated at: 2023/11/22

European Market: EVs Reach 15% of New Vehicle Sales; Chinese BEVs Increase Expansion of EV battery production, acceptance of e-fuel engine vehicles Summary UK defers ban on sale of ICE vehicles from 2030 to 2035 National governments support EV battery production; OEMs conducting in-house development and production Factors hindering EVs from spread: New Euro 7, EU-UK rules of origin, and subsidies on China-built EVs EV sales increase by 54% y/y to...

Market & Tech Reports  Updated at: 2023/11/14

Analysis Report: Lithium-Ion Battery (Japan, Europe, North America and Korea) Each company's EV strategy and next-generation battery technology List of Suppliers Introduction Ⅰ. OEM BEV and battery strategy (Overall trends) II. Trends of Major Battery Suppliers III. Simple explanation of LiB technology Japan Panasonic Energy Prime Planet Energy & Solutions (PPES) Toyota Industries Corporation AESC Japan Vehicle Energy Japan Blue Energ...

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

Indian passenger car sales rank third globally in 2022 New model launches and pent-up demand lead the passenger car market to best-ever sales Summary Passenger cars sales in 2022 Passenger car market segment structure OEM analysis of passenger car market Government stimuli for the automotive industry and e-mobility Schemes for electrification and eco-friendly vehicles Regulations: BS-VI OBD 2 emission standards, and Bharat NCAP Medium-term trends...

Market & Tech Reports  Updated at: 2023/09/19

Analysis Report: Cockpit Modules (European Market) Development of 3D displays and larger IVI displays List of Suppliers Ⅰ. Introduction II. Cockpit module trends III. Cockpit module configuration IV. Overview of major cockpit module suppliers V. Cockpit module component suppliers and their customers VI. Installation status of cockpit modules from major suppliers by model Grupo Antolin-Irausa, S.A. Continental AG Dräxlmaier Group (Fritz Drä...

Market & Tech Reports  Updated at: 2023/09/14

Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity Kia to set up electric PBV plant in Korea, Hyundai to construct EV plant in U.S. Summary Korean government: Planning to produce 3.3 million EVs by 2030, granting EV subsidies of up to KRW 5 million Korean automaker production capacity is 4.5 million units, with the Hyundai Motor Group accounting for 78% of the total Hyundai Motor Group’s electrification...

Market & Tech Reports  Updated at: 2023/07/05