ASEAN Vehicle Sales and Production Update (Q1 2026) Domestic demand fluctuations across ASEAN countries, growth in BEVs from Chinese automakers Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - March 2026 Thailand BEV sales by OEM ASEAN News Topics (Q1 2026)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand and M...

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

r of BEV charging ports in the state has reached 60,000, it has become clear that simply expanding the charging infrastructure is not enough to accelerate the adoption of BEVs, and that price levels and practical convenience and peace of mind are also important factors in the decision to purchase a new vehicle.   Given these circumstances, it is highly likely that HEVs will continue to maintain their position in the U.S. for the foreseeable futu...

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

nd Lexus ES—will remain unchanged in 2029, supported by their global popularity. As the Hilux is no longer positioned solely as an emerging-market model and is now sold globally, its production volume is expected to remain high through 2029.   Most popular models had transitioned to TNGA (Toyota New Global Architecture) platforms by 2024. The IMV (Innovative International Multi-Purpose Vehicle) platform continues to maintain a strong presence,...

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

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&D and industrialization plans.   Non-Chinese OEMs continue to promote the localization of New Energy Vehicles (NEVs) and intelligentization. VW, Mercedes-Benz, Toyota, GM and others are accelerating the implementation of highly autonomous d...

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

6 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” concept. Built on the IMV ladder-frame platfo...

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

t is currently being withdrawn.   In South America, countries like Brazil and Argentina legally mandate the installation of front-seat airbags. However, the global trend is not towards mandatory installation, but rather towards expanding airbag use through market mechanisms and incentives, such as New Car Assessment Programs (NCAP) in each country and increasing consumer safety consciousness.   Even in developed countries such as those in Euro...

Market & Tech Reports  Updated at: 2026/05/07

s largest market of Europe should also fall by 4.6% YoY in H1 2026, due to a slowdown in sales at home and abroad, especially for EVs, with the runout of several models further limiting volumes. That said, the Group’s global output should grow by a marginal rate of 0.6% YoY in Q3 2026, with the renewal of the Volkswagen Atlas range in the US and stabilizing market conditions in Asia offsetting declines in Europe, due to low model activity.Hyund...

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

forecasts could be further raised to +0.4 mn units annually.USAFor 2026 as a whole, we now expect total LV sales to decline by 1.4% YoY to 16.1 mn units. Though YoY comparisons will still be difficult in March, we could start to see more customers benefiting from tax refunds, which could encourage new vehicle purchases. While this has not yet had a significant impact on sales, those set to gain the most from the tax code changes in the One Big B...

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

s general distributor to support market rollout and deliveries. NIO Firefly special edition model NIO Firefly’s specifications NIO Firefly’s rear side NIO Firefly’s interior   XPeng, as a leading AI mobility technology brand, highlighted the official public debut of the new XPeng X9, the ultimate ultra-intelligent 7-seater, following its preview at XPeng Vision Night Thailand.   The new X9 sets a new benchmark for MP...

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

rogen. It uses Toyota's third-generation FC system, which was jointly developed. BMW FC System   Toyota and Chiyoda Corporation (Chiyoda) announced a jointly-developed 5 MW water electrolysis system at the expo, and a diorama of the water electrolysis system installed at Toyota's Honsha Plant was displayed at the venue.   Compared to the water electrolysis system installed at Denso Fukushima Co., Ltd. in 2023, which has an electrolys...

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

l AI" and local production Xiaomi: Increasing investment in AI and autonomous driving Li Auto: Accelerating AI upgrades and expanding globally amidst pressure of declining sales NIO: Accelerating semiconductors for intelligent driving and establishment of overseas sales network   According to the new car sales data (factory shipments) of MarkLines, the sales volume of five emerging Chinese manufacturers (Leapmotor, XPeng, Xiaomi, NIO, and Li Au...

Market & Tech Reports  Updated at: 2026/04/20

nce 2022. Examples in passenger cars include the Toyota i-FORCE MAX, which utilizes the torque amplification characteristics of the torque converter in response to sudden loads and its ability to absorb power fluctuations (as detailed in the subsequent section "Overall Trends [Technology Trends] 1. New Technologies"). In addition, some hybrid systems include an automatic transmission (AT). Figure 1 below compares the main hybrid systems; however,...

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

ries(World's best-selling pickup truck) Toyota Hilux TRAVO(Bangkok International Motor Show 2026) Specifications, sales volume, and production locations for major P/U models The table can be scrolled left and right OEM Model Size Dimensions (mm) Global sales volume(2025) Main production plants Length Width Height Wheelbase Ford F-Series F 5,911 2,032 1,989 3,696 933,000 U.S. Kentucky Truck Plant GM Chevrolet Silverado F 5,920 2,...

Market & Tech Reports  Updated at: 2026/04/13

Chinese OEMs: Expanding in South America, Shifting to Local Production Market share in Brazil reaches approx. 9%; accelerating plant construction Summary South American market: Sales are recovering and Chinese OEMs are experiencing rapid growth. Brazil: NEVs drive market share expansion from 1% to 9% Accelerating Localization: BYD, GWM, Chery, and Changan   The South American market has been steadily recovering from 2020 to 2025 following the C...

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

he table can be scrolled left and right. Europe Audi Q4 e-tron Radiator Europe Renault 5E-Tech Thermal management system China BYD Seal Radiator China Geely Zeekr 007 Thermal management system Trends in battery thermal management: In November 2025, Valeo Group announced that its new compact 5-way refrigerant valve, designed for heat pump systems in next-generation electric vehicles, had been selected as a CES Innovation Awards...

Market & Tech Reports  Updated at: 2026/03/30

Electrified Vehicle (xEV) Sales Monthly Report (February 2026) Slowdown in BEV and PHEV sales in Chinese market, creating a mix of recovery hopes and uncertainty 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 ...

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

paration for their resumption. Chery   Chery, which offers both ICE-powered vehicles and EVs, had separate booths for each brand. Last year, there was a booth dedicated to the Omoda brand, but this year there was no Omoda brand exhibit. The model previously sold as the Omoda 5 was displayed as the new C5 CSH model. Unlike other CSH (Chery Super Hybrid) models, the C5's CSH is an HEV, not a PHEV.   In addition to the C5 CSH, eight models were ex...

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

and Washington State copper use regulations, which will gradually regulate the copper content in friction materials. In 2021, friction materials with a copper content of 5% or more, and in 2025, friction materials with a copper content of 0.5% or more were prohibited from being sold or installed in new cars. Environmental regulations for tires and brakes in November 2022As a new regulation going forward, fine particulate matter (PM10) genera...

Market & Tech Reports  Updated at: 2026/03/24

with product deployment and price competition in the Chinese market. However, by strengthening cooperation with joint venture (JV) partners and introducing BEVs (battery electric vehicles) tailored to local needs, there have been signs of a recovery in sales volume since 2025.   With China's NEV (New Energy Vehicle: BEV, PHEV, FCEV) policy and consumer-oriented approach emphasizing "electrification," "intelligence," "unique Chinese design," and...

Market & Tech Reports  Updated at: 2026/03/17