Q1 2024 (May. 2024)Chinese Market 2023: Sales Exceed 30m; BYD Dominates NEV Market (Mar. 2024)        According to an announcement by the National Bureau of Statistics of China on July 17, 2024, China's GDP in the first half of 2024 increased by 5.0% y/y to CNY 61.6836 trillion. Q1 (January - March) was up 5.3% y/y, and Q2 (April - June) was up 4.7% y/y.  In the first half of 2024 (January - June), new vehicle sales in the Chinese market i...

Market & Tech Reports  Updated at: 2024/08/20

he company also increased battery pack production capacity at its Rawsonville Components Plant in Michigan and increased EV power unit production at its Van Dyke Electric Powertrain Center. Since sales of the F-150 Lightning have not grown as much as expected, the production target was lowered in March 2024. The plant had previously employed 2,100 employees working in three shifts, but the number of shifts was reduced to one shift, and the numb...

Market & Tech Reports  Updated at: 2024/05/29

ic controls, intelligent electric drives, smart mobility robots, and commercial innovation.   According to MarkLines data, in 2023, SGMW's sales volume declined 14.9% y/y to 1,361,000 units, while sales of NEV passenger cars fell 27.9% y/y to 448,000 units. The Wuling Bingo, a small EV launched in March 2023, became the best-selling NEV model of the SAIC Group. Wuling Bingo (Source: Wuling) Wuling Xingguang (Source: SAIC) PHEV techn...

Market & Tech Reports  Updated at: 2024/03/25

ing range and driving safety. Great Wall Pick-up Truck According to a release by GWM, it has been the top seller in the pickup category in the Chinese market for 26 consecutive years. The brand is gradually transitioning to electrification, releasing models such as the Poer Shanhai PHEV. WEY In March 2023, the Wey brand launched the MPV Gaoshan and the large SUV Blue Mountain, positioning these as flagship models. The Gaoshan uses the new MPV...

Market & Tech Reports  Updated at: 2024/03/06

-scale introduction of BEV-only vehicles, and look to investment in battery production. In June 2023, Mazda announced that it had agreed to enter into discussions on establishing a medium- to long-term partnership with Panasonic Energy Co., Ltd. (Panasonic Energy) to meet demand for battery EVs and automotive batteries.   In the U.S. market, the CX-90 is expected to be followed by the launch of the five-seat CX-70 in the spring of 2024. In the s...

Market & Tech Reports  Updated at: 2023/12/22

iverse Enterprise to carry out simulations with digital twins Investing EUR 2 billion to build a plant for high-voltage battery assembly for the Neue Klasse vehicles. The plant is scheduled to start operations in 2025. UK Oxford Investing over GBP 500 million to produce MINI BEVs (Media report in March 2023) Austria Steyr Investing EUR 1 billion by 2030 to produce electric drives (2025-) US Spartanburg ・Investing USD 1 billion to produc...

Market & Tech Reports  Updated at: 2023/09/27

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

es position from Toyota China sales situation: Decline in sales of Wuling brand vehicles, declining market share Brazil: Introducing a state-of-the-art pickup truck in February 2023 GM's global performance: Net income improves 7% in H1 of 2023 due to increased sales in the U.S. GlobalData (formerly LMC Automotive) Production Forecast: GM Group’s light vehicle production forecast rising gradually, to reach 5.13 million units in 2026 Buick ...

Market & Tech Reports  Updated at: 2023/09/15

2023: FAW, Dongfeng, BAIC (Jun. 2023)Chinese Market Q1 2023: GAC, Chery and Geely Announce 2023 Product Plans (Apr. 2023)2022 Chinese Market: New Vehicle Sales Up 2.2% to 26,864,000 units, Major Increases by BYD and Tesla (Feb. 2023)FAW: Aiming for 6.5 Million Units Sales and 20% NEV Ratio By 2025 March (Mar. 2022)   This report is for customer members only. 13 pages remaining.Read more at no cost for a limited time by registering for a free tr...

Market & Tech Reports  Updated at: 2023/09/13

s remaining.Free membership registration allows you to read the rest of the article for a limited time.   According to an announcement by the National Bureau of Statistics of China on July 17, 2023, China's GDP in the first half of 2023 increased by 5.5% y/y to CNY 59.3034 trillion. Q1 (January - March) was up 4.5% y/y, and Q2 (April - June) was up 6.3% y/y.   In the first half of 2023 (January - June), new vehicle sales in the Chinese market ...

Market & Tech Reports  Updated at: 2023/08/21

%. Mitsubishi Motors: 30% increase in R&D and capital expenditures over the next six years Subaru: Producing BEVs in the U.S., aiming for global BEV sales of 600,000 units (50% of total sales) in 2030 FY2022 performance and FY2023 outlook of Japanese passenger car manufacturers GlobalData (formerly LMC Automotive) Sales Forecast: Sales in Japan in 2026 will be 5 million units Electrified vehicle assembly plants and battery plants in Japan(S...

Market & Tech Reports  Updated at: 2023/08/18

aysian sales up with tax breaks Summary ASEAN vehicle production grows 24% to 4.15 million units in 2022 Thailand and Indonesia export 1 million and 470,000 vehicles, respectively, in 2022 ASEAN new vehicle sales in six major countries increase 25% to 3.42 million units in 2022 GlobalData (formerly LMC Automotive) Sales Forecast: ASEAN sales to grow to 4.02 million units in 2026 Wuling Hongguang MINI EV compact EV (Production began in Vietn...

Market & Tech Reports  Updated at: 2023/08/17

g the bZ series centering on China Lexus: Full-scale launch of EV strategy, all-new BEV-exclusive RZ 450e Expanding PHEV lineup: Available on new Alphard, Lexus TX, and other large vehicles Consolidated sales volume is expected to increase by 8.8% to 9.6 million units in the fiscal year (FY) ending March 2024, with higher revenue and profits GlobalData (formerly LMC Automotive) Production Forecast: Toyota Group’s production in 2026 will be 11.3...

Market & Tech Reports  Updated at: 2023/07/14

former Renault Samsung): Geely Automobile secures a 34% stake KG Mobility (former Ssangyong): Focusing on mobility technology under the KG Consortium Korean vehicle production, sales and exports: output increasing with parts shortages easing from 2H 2022 Production Forecast by GlobalData (formerly LMC Automotive): Korean light vehicle production expected to be 3.91 million units in 2026   The Korean government has set a target to raise its annu...

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

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: Qingdao gigafactory starts production, construction of Chery Automotive Parts Industrial Park begins Business overview: Sales and sales volume reach record highs in 2022, with rapid growth of NEVs Chery Holding ...

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

driving performance improvement, but also concerns about overconfidence in performance Production and sales by model: Aggressive sales expansion measures, aiming to become a high volume manufacturer Financial results and performance: Operating income doubled in 2022, but profit declines in Q1 2023 LMC Automotive Sales Forecast: Tesla's global sales to reach 2.47 million units in 2026 Cybertruck undergoing road tests with the aim of launchi...

Market & Tech Reports  Updated at: 2023/06/09

transformation initiatives including electrification EV plan in China New e:Ny1 EV for Europe to be launched in autumn 2023 EV plans in North America Japanese market: 4 EV models to be introduced Honda's business performance: Expecting operating profit of JPY 1 trillion for the first time in FY2023 LMC Automotive Sales Forecast: Honda Group’s sales in 2026 will be 4.33 million units e:N SUV Xu world premiere at the Shanghai Motor Show in ...

Market & Tech Reports  Updated at: 2023/06/02

LMC Automotive Global Light Vehicle Sales Update (April 2023) Summary Commentary The Global Light Vehicle (LV) selling rate rose to 86 mn units/year in April, from March’s figure of 84 mn units/year. Numerous markets have benefitted from an easing of supply constraints, with overall YoY growth of 25%. US raw sales recorded month-on-month (MoM) growth to 1.4 mn units, as the market benefitted from a strong end to April and increased vehicle av...

Market & Tech Reports  Updated at: 2023/05/17

ASEAN Vehicle Sales and Production Update (Q1 2023) 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 - March 2023 ASEAN News Topics (Q1 2023)   * An updated version of this ASEAN report will be released every quarter. (Source: MarkLines Vehicle Sales Data based on statistical data from the automobile associations ...

Market & Tech Reports  Updated at: 2023/05/17

rictions South America: Focusing on production of Ranger and Transit and improving financial results India discontinues vehicle production; South Africa/Asia to build and export new Ranger 2022 financial results: Revenue grows 16%, adjusted EBIT rises 4.2% to USD 10.4 billion Production Forecast by LMC Automotive: Ford’s light vehicle production expected to be 4.19 million units in 2026 New F-Series Super Duty full-size pickup truck (Phot...

Market & Tech Reports  Updated at: 2023/05/15