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

Analysis Report: Lithium-Ion Battery (Chinese Market) Market Dominance by the Top 2 Companies Continues Major suppliers Introduction I. Current status of the lithium-Ion battery market for NEVs in China II. Development trends of lithium-ion battery technology for NEVs III. Product structure and delivery status of major lithium-ion battery companies IV. Emerging NEV lithium-ion battery manufacturers V. Status of Non-Chinese lithium-ion battery com...

Market & Tech Reports  Updated at: 2025/06/12

Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

Market & Tech Reports  Updated at: 2025/05/12

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

Bangkok International Motor Show 2025 (1) Chinese OEMs BYD, Geely, Chery, Changan, MG, GAC, and others Summary BYD: Shark 6 DMO PHEV pickup truck, Denza D9 flagship electric MPV Geely: Star Wish compact EV, Zeekr SUV and MPV, RIDDARA electric pickup truck Chery: Market entry of Chery brand, Omoda & Jaecoo model lineup Changan: Deepal S05 BEV and REEV variants MG (SAIC): New S5 EV and IM6 premium intelligent e-SUV GAC: Aion UT EV and M8 PHEV GWM: ...

Market & Tech Reports  Updated at: 2025/04/25

Thailand International Motor Expo 2024 (2) Japanese OEMs and Others Toyota, Honda, Mitsubishi, Isuzu, Hyundai, Ford, Volvo Cars, etc. Summary Toyota HEV lineup Lexus LBX Bespoke Honda HR-V e:HEV RS and e:N1 electric SUV Mitsubishi Xpander HEV and Xpander Cross HEV Isuzu D-MAX 2.2 MaxForce pickup truck Mazda BT-50 pickup truck and CX-5 SUV Nissan Serena MPV and Kicks e-POWER Suzuki Swift sport hatchback, and Jimny Off-road Edition Hyundai Palisade...

Market & Tech Reports  Updated at: 2025/01/16

Thailand International Motor Expo 2024 (1) Chinese OEMs Chery, Changan, Geely, SAIC, GAC, BYD, and others Summary Chery: Omoda and Jaecoo brand electrified vehicle lineup Changan: Deepal and Avatr e-SUVs and REEV pickup truck Geely EX5 and Zeekr 7X e-SUVs and RIDDARA electric pickup truck SAIC: IM Motors intelligent e-SUV, and Wuling brand compact EVs GAC: Aion V e-SUV and HYPTEC SSR BEV sports car BYD: Denza D9 luxury e-MPV, Sealion 7 e-SUV, SHA...

Market & Tech Reports  Updated at: 2024/12/27

Analysis Report: Cockpit Module (Chinese Market) Further progress in intelligent cockpits List of Suppliers Introduction - Overview of the automotive intelligent cockpit module industry in China I. Development and market status of the automotive intelligent cockpit industry in China II. Main classification of intelligent cockpits III. Major intelligent cockpit suppliers IV. Intelligent cockpit component suppliers and their customers V. Developmen...

Market & Tech Reports  Updated at: 2024/12/19

Chinese Market Q3 2024 Non-Chinese OEMs accelerate BEVs; government raises standards for replacement subsidies Summary Trends of Chinese OEMs (Q3 2024) Trends of major non-Chinese manufacturers (Q3 2024) Policies related to China's automotive industry (Q3 2024) Major Chinese automakers' 2024 Q3 sales volumes (ex-factory) The Bao 8, BYD's first car equipped with Huawei's smart driving technology (Source: Fangchengbao luxury electric car bran...

Market & Tech Reports  Updated at: 2024/11/05

ASEAN (2) Increase in Chinese car production Sales in Thai and Indonesian markets decline, electric vehicles grow Summary ASEAN vehicle production: Four major countries produce 4.1 million units in 2023, down 1% from 2022 Thailand and Indonesia export 1.12 million and 510,000 vehicles, respectively, in 2023 ASEAN new vehicle sales in six major countries decline 0.7% to 3.4 million units in 2023 Sales Forecast by GlobalData: ASEAN sales to grow to...

Market & Tech Reports  Updated at: 2024/10/02

Automotive World 2024 Autumn: Electrification-related Technologies Electrified vehicles, electric powertrains, power electronics-related, charging-related, etc. Summary Electrified vehicles, electric powertrains: China BEVs, Yamada Manufacturing, HOSO Technology, Shinano Kenshi e-Axle components: Elantas, JFE Precision, Sado Precision, Taiyo Kogyo, INAC Power electronics-related: Panatronic Japan, AEM Components, Inabata & Co. Charging related: N...

Market & Tech Reports  Updated at: 2024/09/30

Analysis Report: Power Steering (Chinese Market) EPS continues to evolve and Steer-by-wire awaits popularization List of Suppliers Introduction I. Overview II. Overview of major power steering suppliers III. Global development of major power steering component suppliers IV. Major power steering suppliers and their customer OEMs V. Installation status of products from major power steering suppliers VI. Sales comparison of major power steering supp...

Market & Tech Reports  Updated at: 2024/09/27

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

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

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

Chinese Market Q2 2024 Chinese automakers accelerate towards production of solid-state batteries Summary Trends of Chinese automakers (Q2 2024) Trends of major non-Chinese automakers (Q2 2024) Policies related to China's automotive industry (Q2 2024) Dongfeng solid-state battery (Auto China 2024)   The China Association of Automobile Manufacturers (CAAM) announced on July 10, 2024, that vehicle sales volumes in China showed a 6.1% year-...

Market & Tech Reports  Updated at: 2024/08/01

Analysis Report: Lithium-Ion Battery (China) Major suppliers' production capacities and latest technology trends Major suppliers Introduction I. Market demand in China for NEV lithium-ion batteries II. Global demand for lithium-ion batteries and development of corporate production capacity III. Product structure and delivery status of major lithium-ion battery companies IV. Emerging NEV lithium-ion battery manufacturers V. Status of Non-Chinese l...

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

Auto China 2024: China Emerging EV Automakers Li Auto, NIO, Leapmotor, XPeng, Hozon Auto Summary Li Auto: Showcasing the L6 range-extender SUV and the MEGA, its first electric MPV NIO: Launching the 2024 ET7 Executive Edition BEV sedan Leapmotor: Debut of the C16 6-seat SUV and start of pre-order sales XPeng: Showcasing the X9, its first BEV MPV, and a flying car Hozon Auto: Showcasing the Neta L range-extender SUV, accelerating the development o...

Market & Tech Reports  Updated at: 2024/05/23

ASEAN Vehicle Sales and Production Update (Q1 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- March 2024 Thailand BEV sales by OEM ASEAN News Topics (Q1 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports: Bangkok International Motor Show 2024 (3) VinFast, Europea...

Market & Tech Reports  Updated at: 2024/05/14

SVOLT Top Strategies 2024 strategy announced at 4th Battery Day Summary SVOLT's 2023 business review Top strategies for 2024 The 4th SVOLT Battery Day(Source: SVOLT WeChat)   The 4th SVOLT Battery Day, with the theme "Let there be Light," was held in Huzhou, Zhejiang Province, on December 12, 2023. SVOLT Energy Technology Co., Ltd. (SVOLT), a battery business spun off from Great Wall Motor Co., Ltd., announced its "SVOLT 2024 Strategy,"...

Market & Tech Reports  Updated at: 2024/05/02