construction. Brazil has incorporated electric vehicles into its energy transition strategy and is attracting investment through tax incentives. Although Chinese companies in the Americas face challenges such as tariffs, lengthy certification procedures, and local production, some have established localization systems and are actively exploring overseas markets. ...

Market & Tech Reports  Updated at: 2025/12/02

s, Maserati, Rolls Royce, Lexus, etc, are finding a growing number of buyers in India.   Most of the OEMs which has a considerable sale in India either have full-scale production facilities or CKD/SKD assembly plants in India. Top players in the Indian market, like BMW and Mercedes, are increasing localization in India.    In 2024, BMW and Mercedes reported their best sales in a year. The top four players in this segment reported high double-d...

Market & Tech Reports  Updated at: 2025/11/20

ed the EV market with the EV version of its popular SUV Creta.  Factors driving EV market expansion Improvement in battery technologies and the range of EVs Availability of new models and aggressive marketing of EVs by OEMs The government pushes for clean mobility and tax incentives  The growing localization of e-mobility components helps to reduce the cost of vehicles Favourable policies for the adoption of electric mobility in India Higher f...

Market & Tech Reports  Updated at: 2025/11/19

platform: Providing customers with series solutions:EPS steering function software development, hardware design changes, and adjustment of motor control parameters to optimize steering feel and develop advanced NVH functions. Satisfying functional safety needs in many application scenarios:Promote localization of the production of critical electronic components and provide various hardware redundancy schemes such as 700FIT (Failures in Time, num...

Market & Tech Reports  Updated at: 2025/11/18

fleet of robotaxis and operation and maintenance facilities. Among the emerging companies, XPeng and Li Auto have strengthened their AI research and development, and Xiaomi has open-sourced a large-scale model of speech recognition it developed in-house.   Major foreign OEMs are actively promoting localization and strengthening partnerships with Chinese technology companies. Volkswagen and XPeng are expanding their partnership in E/E architectur...

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

The Battery Show North America 2025 – Electric & Hybrid Vehicle Technology Expo New technologies tempered with localization and market diversification concerns Summary Magna, Eberspaecher, Freudenberg aim to improve costs and safety with new systems Schaeffler, Amprius, FastLion, Lyten show new battery pack and cell technologies Suppliers highlight current and future U.S. plants and operations Battery manufacturers diversify outside of automoti...

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

he lack of tax credits. On a positive note, interest rates are likely to be lowered, providing relief for those financing their vehicle purchases. Beyond 2026, growth is expected to be slow in the medium term but should eventually creep up toward a peak of 16.7 mn units in the mid-2030s, as greater localization of production helps to alleviate tariff impacts.IndiaIn comparison to our previous report, we have raised our 2025 and 2026 sales project...

Market & Tech Reports  Updated at: 2025/10/29

The S07 is equipped with over 150 local features and has been awarded five stars by Euro NCAP (New Car Assessment Program). It is already available in Norway and Germany and has been announced in the UK. Deepal S07   The Hongqi brand of China FAW Group Corp., Ltd. (FAW) is focusing on localization in the European market. The company plans to release 15 models of A-Class through E-Class products by 2028, including BEVs and HVs, left-...

Market & Tech Reports  Updated at: 2025/10/20

ards a resilient supply chain.  The MD & CEO, Maruti Suzuki India Ltd, stated that at present, 30% of India's auto component exports go to the US, which poses risks for the industry, though the government is actively working on solutions. With the world's largest working-age population and growing localization in EVs and hybrid battery production, India has the potential to lead globally. By investing in R&D, nurturing talent, and building world...

Market & Tech Reports  Updated at: 2025/10/09

ications. Photographs have revealed that the rear housing of the Tesla robotaxis has been enlarged, and an additional communication unit has been installed in addition to the standard communication unit. The additional communication unit acts as service hardware and appears to include functions for localization redundancy and remote operation. It is believed that the additional communication unit transmits real-time data from six cameras to an op...

Market & Tech Reports  Updated at: 2025/10/01

nd usage scenarios. Naxtra integrated start/stop battery for 24V heavy-duty trucks Freevoy Dual Power Battery European strategy   CATL has invested more than EUR 11 billion in Europe and is working with more than 200 automakers worldwide and over 1,000 European suppliers to promote the localization of battery technology. Mr. Libin TAN, CCO of Global Operations, stated that the company is moving from "in Europe, for Europe" to "of Eur...

Market & Tech Reports  Updated at: 2025/09/29

re and grew by 10.5% and 422.0%, respectively, y/y. BYD is rapidly expanding its investment in the European market. The company has established its European headquarters in Hungary and has begun construction of a plant, while also carrying out several research and development projects to accelerate localization. Note: Production and sales figures in this report are based on MarkLines data.   The sales volume of Chinese manufacturers in the Europ...

Market & Tech Reports  Updated at: 2025/09/16

vehicle intelligence.  In terms of developing a global industrial chain, Great Wall Motor already has a presence in over 170 countries and regions in Europe, the Middle East, South America, the Asia-Pacific region, Africa, and other areas. The company has established all processes and systems for localization, including investigative research, planning, R&D, production, and evaluation. Going forward, GWM will further focus on the integration of...

Market & Tech Reports  Updated at: 2025/08/12

id In June 2025, a stand-alone gigawatt-level grid-connected energy storage plant with a total investment of CNY 4 billion as well as major related projects will be based in Lingang, Shanghai. The first phase of the project is scheduled to be completed and put into operation in 2025. Supply chain localization It was announced in May 2025 that more than 95% of the parts for the Model 3 and the minor-changed Model Y, which are produced at the Tes...

Market & Tech Reports  Updated at: 2025/08/01

to competitors, and uneven regional demand—while Latin American and ASEAN markets showed strong growth, shipments to Eastern Europe declined significantly. This divergence highlights both the strength of Geely Group’s domestic electrification strategy and the urgent need to accelerate overseas localization efforts through its new CKD plants in Vietnam and Egypt to reduce reliance on Chinese exports and navigate growing protectionist measures...

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

pact in the first six months, before an improvement later in the year. A successful renegotiation of the USMCA trade agreement and trade deals with other countries could lower tariff rates from mid-2026 onward. This could then lead to a recovery in sales, resulting in YoY gains from 2027. A greater localization of production of models within the US should also help to keep price rises somewhat under control, though affordability is likely to rema...

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

d development by Toyota China Four major local development policies GAC Toyota's vehicle development technology path and current approach to AI-equipped products Partnerships with Huawei, Momenta, and Xiaomi bZ7  Toyota China (Toyota Motor (China) Investment Co., Ltd.) is accelerating its localization and intelligence strategies, outlining its development direction as Strengthening the market presence of both gasoline and electric vehic...

Market & Tech Reports  Updated at: 2025/07/22

axis are equipped with three long range 4D radars at the front, back and front left corner side.   Pony AI also uses two other types of sensors, a high-accuracy global navigation satellite system (GNSS) and inertial measurement units (IMU). These sensors work together with high-definition maps and localization module to ensure accurate positioning of its autonomous vehicles.   Remote assistance: Pony AI uses a cost-effective and scalable remote...

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

n Europe and the U.S., many Japanese suppliers have formed joint ventures or alliances with major competitors such as Faurecia (FORVIA) of France, Tenneco of the U.S., and Eberspaecher of Germany. Since the late-1980s, suppliers have proactively increased their overseas footprint as they follow the localization efforts of their OEM customer base, which was led by localization in the U.S. From 2000 onwards, each company began full-scale expansion ...

Market & Tech Reports  Updated at: 2025/06/19

“911 Spirit 70” and China premiere of the “911 GT3” Exclusive logo for the new AUDI brand   With its vision of becoming a global automotive technology pioneer by 2035, the VW Group continues to focus on technology development for its customers, accelerating its "In China, For China" localization strategy and rebuilding its R&D structure in China. Product development cycles have been shortened by 30% and costs reduced by 40%. The...

Market & Tech Reports  Updated at: 2025/06/11