aims to achieve carbon neutrality by 2060 and has emphasized electrification of the transportation sector. The government has set a production target of Low Carbon Emission Vehicles (LCEVs, including battery EVs (BEV), hybrid vehicles (HV), and plug-in hybrid vehicles (PHV)) at 1 million units in 2035. The government also aims for BEVs accounting for 20% of automobile production by 2025.   To promote electrified vehicles, the government will co...

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

ion models VII. List of Global Facilities Foundation brakes, friction materials Akebono Brake Industry Co., Ltd. ADVICS Co., Ltd. Hosei Brake Industry Co., Ltd.(ADVICS Co., Ltd. affiliate) Nisshinbo Holdings Inc. / Nisshinbo Brake Inc. Astemo, Ltd. (formerly Hitachi Astemo, Ltd. ) Resonac Corporation(formerly Showa Denko Materials Co., Ltd.) Resonac Brake Corporation Continental Automotive Corporation (Japanese subsidiary) Brembo S.p.A. (...

Market & Tech Reports  Updated at: 2025/05/29

&D center to address customer needs and develop interactive mobility solutions. The Halol plant currently utilizes more than 60% of its energy from renewable sources and is working toward achieving carbon neutrality by 2029. Charging network In May 2024, MG Motor India and Hindustan Petroleum Corporation Limited (HPCL), under the Indian Ministry of Petroleum and Natural Gas, announced their strategic partnership to install 50kW/60kW DC fast cha...

Market & Tech Reports  Updated at: 2024/12/20

become an EV and EV battery manufacturing hub. The government will also continue to offer exemptions from value-added taxes, sales taxes on luxury goods, and import duties until 2024-2025.   Malaysia has set a target of 20% electrified vehicles (EVs + HVs) as a percentage of new vehicle sales by 2030, and is working to promote the spread of EVs by offering exemptions and reductions on import tariffs, excise taxes, sales taxes, road taxes, etc. ...

Market & Tech Reports  Updated at: 2024/09/04

tem Co., Ltd. (Zhejiang Yinlun Machinery Co., Ltd.) Xiezhong International Thermal Management System (Jiangsu) Co., Ltd. (Xiezhong International, formerly Nanjing Xiezhong Auto-Airconditioner (Group) Co., Ltd.) Zhejiang Sanhua Automotive Components Co., Ltd. (Zhejiang Sanhua Automotive) Denso Corporation (Denso) Marelli Corporation (Marelli); Highly Marelli Japan Corporation   See Analysis Report: Lithium-Ion Battery (Japan, Europe, North ...

Market & Tech Reports  Updated at: 2024/05/16

illion units in 2027   The Indonesian government is aiming to achieve carbon neutrality by 2060. To this end, the government has emphasized electrification of the transportation sector and aims to produce over 400,000 units of four-wheeled electric vehicles (EVs) by 2025 and over 600,000 units by 2030.   To promote EVs, the government intends to continue its tax incentives that began in 2023. The tax reduction and exemption for value-added tax ...

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

o Brake Industry Co., Ltd. ADVICS Co., Ltd. Hosei Brake Industry Co., Ltd.(ADVICS Co., Ltd. affiliate) Nisshinbo Holdings Inc. / Nisshinbo Brake Inc. Hitachi Astemo, Ltd.(Former Hitachi Automotive Systems, Ltd.; former Nissin Kogyo Co., Ltd.; former Chassis Brakes International (CBI)) Resonac Corporation(Former Showa Denko Materials Co., Ltd.) Japan Brake Industrial Co., Ltd.(Resonac Corporation affiliate) Continental Automotive Corporation(Jap...

Market & Tech Reports  Updated at: 2024/04/11

Great Wall Motor: Over 1.23M Units Sold in '23, Acceleration of Smart and EV Autonomous driving AI model; entry into commercial FCV field Summary Brands: ORA and Saloon to integrate, as well as WEY and Tank; Haval to focus on NEVs Subsidiary component suppliers: Covering electrification and intelligent technologies, producing semiconductors Overseas trends: Global strategy announced; overseas sales volume surges Commercial Vehicles: Establishing ...

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

Thailand International Motor Expo 2023 (1) BEVs from Chinese OEMs, Tesla, Hyundai, European OEMs Summary Neta: NETA V electric city EV, NETA GT Speedster, NETA GT, NETA X Great Wall Motor: ORA 07 BEV, TANK 300 HEV Changan: Deepal L07, Deepal S07 GAC AION: AION Y Plus 490 Premium, AION ES SAIC Motor - MG Cyberster, IM LS 6 BEVs Wuling: Air EV, Baojun Yep, Mini EV Convertible BYD: Yangwang U8, Denza N7 Tesla: Model 3 Long Range and Model Y Perform...

Market & Tech Reports  Updated at: 2023/12/27

on Monthly Lithium-ion battery production (GWh) Growth rate of lithium-ion battery production Current month Grand total Current month Grand total Dec. 2022 52.5 545.9 66% 148% Nov. 2022 63.4 489.2 125% 160% Oct. 2022 62.8 425.9 150% 167% Sep. 2022 59.1 372.1 155% 176% Aug. 2022 50.1 303.8 157% 172% Jul. 2022 47.2 253.7 172% 176% Jun. 2022 41.3 206.4 172% 176% May. 2022 35.6 165.1 158% 177% Apr. 2022 29 129.6 124% 184% Mar...

Market & Tech Reports  Updated at: 2023/06/23

. Hosei Brake Industry Co., Ltd.(ADVICS Co., Ltd. affiliate) Nisshinbo Holdings Inc. Hitachi Astemo, Ltd.(Former Hitachi Automotive Systems, Ltd.) Former Nissin Kogyo Co., Ltd.(Merged with Hitachi Astemo, Ltd.) Hitachi Astemo Netherlands B.V.(Former Chassis Brakes International (CBI)) Resonac Corporation(Former Showa Denko Materials Co., Ltd.)2023/1/1 start Japan Brake Industrial Co., Ltd.(Resonac Corporation affiliate) Continental Automotive...

Market & Tech Reports  Updated at: 2023/03/31

ASEAN: Promoting use and production of EVs to achieve carbon neutrality Thailand introducing incentive measures for EVs, Indonesia building battery plants with LG and CATL Summary Electrification policies: Thailand aims for EVs to make up 30% of auto production by 2030 Electrification policies: Indonesia to produce 400,000 EVs in 2025, 600,000 EVs in 2030 Electrification policies: Malaysia aims for EVs to account for 15% of auto sales by 2030 Ele...

Market & Tech Reports  Updated at: 2022/07/07

n the form of independent companies or joint ventures. The growth of the Chinese NEV market and the change in its growth rate are significant, fueling the rapid growth of the lithium-ion battery market.   This report mainly profiles 10 manufacturers supplying lithium-ion batteries for NEVs: Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic Automotive Energy, FinDreams Battery, EVE Energy, China Lithium Battery Technology (CAL...

Market & Tech Reports  Updated at: 2022/05/19

ely 9,524 1,640 480.7% 3.9% 2.6 11 Changan Automobile 7,728 3,102 149.1% 3.2% 0.6 12 Leapmotor 7,440 1,552 379.4% 3.1% 1.8 13 SAIC Motor Passenger Vehicle 7,197 3,017 138.5% 3.0% 0.5 14 SAIC Volkswagen 5,093 325 1467.1% 2.1% 1.8 15 FAW-Volkswagen 3,685 727 406.9% 1.5% 0.9 Total 205,701 103,177 99.4% 84.9% -0.7 Table 8) Sales volume by model of the 15 top-selling EV passenger cars Rank Model Jan 2022 (units) Jan 2021 (units) y...

Market & Tech Reports  Updated at: 2022/03/07

essor supplier shares in the Japanese market are as follows (according to MarkLines data). [HVAC/Air Conditioning Unit] Denso 54% Japan Climate Systems 10% Valeo 8% Mitsubishi Heavy Industries Thermal Systems 7% Marelli 6% Others 15% [Compressors (Electric/mechanical type)] Toyota Industries Corporation/Denso 56% Japan Climate Systems 10% Valeo Japan 9% Mitsubishi Heavy Industries Thermal Systems 5% Marelli 5% Others 15%   Denso Corporation ...

Market & Tech Reports  Updated at: 2022/01/05

IAA Mobility 2021: Great Wall Motor launches ORA and WEY brand NEVs in EU Hyundai Group's electrification and mobility strategy, Huawei's solutions for connected cars Summary Great Wall Motor unveils ORA and WEY brand NEVs and announces European market strategy Hyundai Motor: IONIQ 6 EV concept, IONIQ 5 robo-taxi Genesis: Launching the G70 Shooting Brake in the European market Hyundai Mobis: Mobility concept car M.Vision X Huawei: Solutions for i...

Market & Tech Reports  Updated at: 2021/09/27

the first half of 2019.   In the first half of 2021, sales of New Energy Vehicles (NEVs) to 1.206 million units. The breakdown is 1,005,000 EVs; 200,000 PHVs; and 479 FCVs. In addition, according to China’s Ministry of Public Security, the number of NEVs owned as of June 2021 is reported to be 6.03 million units. Related Reports: Chinese market Q2 2021 (2): NIO's EV industrial park, XPeng and Hozon's manufacturing sites and more (Aug. 2021) C...

Market & Tech Reports  Updated at: 2021/08/17

pan, excluding commercial vehicles, according to Marklines 2018 survey)  [HVAC/Air Conditioning Unit] Denso 66% Marelli 9% Japan Climate Systems 9% Valeo Japan 6% Mitsubishi Heavy Industries Thermal Systems 5% Keihin 3% Sanden 2% [Compressors (Electric/mechanical type)] Toyota Industries Corporation/Denso 56% Japan Climate Systems 11% Marelli 10% Valeo Japan 9% Mitsubishi Heavy Industries Thermal Systems 5% Sanden 3% Panasonic 2% Keihin 1%...

Market & Tech Reports  Updated at: 2020/09/18

ibuting to the increase in vehicle sales.  In the first half of 2019, 617,000 new energy vehicles (NEVs) were sold: 490,000 EVs, 126,000 PHVs, and 1,102 FCVs.  *The report for sales volume is based on MarkLines database. Rerated Reports： China NEV Alliances（Aug. 2019） FY 2018 NEV Credit/Corporate Average Fuel Consumption Credit of OEMs（Aug. 2019） 2019 Sales Forecast in China (CAAM): NEVs to make up 1.6 million of 28.1 million vehicles...

Market & Tech Reports  Updated at: 2019/08/28

Auto Shanghai 2019：Geely, Great Wall, BYD, Chery, Zotye, JAC Chinese OEMs Showcase New NEVs, Connected Cars, and new Brands Summary Geely：World premiere of concept model “PREFACE” and showing of new EV brand “Geometry A” Great Wall Motor(GWM)：Exhibition of various models of HAVAL, ORA, Great Wall Pickup Trucks, WEY brands and others BYD：World premiere of 4 models (E-SEED GT, Song Pro, e2, S2) Chery：Chery Showcases Premium Brand...

Market & Tech Reports  Updated at: 2019/06/04