Extended Range EV (EREV) Trends in the Chinese Market More models introduced and sales continue to grow Summary EREV powertrain classification EREV monthly sales by model EREV features and future outlook   As sales of New Energy Vehicles (NEVs: BEVs, PHVs, FCVs) continue to expand in the Chinese market, the number of EREV (Extended Range Electric Vehicle) models being introduced is expanding and sales volume is increasing.   Of the top 10 selli...

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

drag from US trade policy changes. Despite this, China is expected to experience growth this year, driven by government initiatives promoting vehicle scrappage and the uptake of NEVs. Other markets, such as Japan and India, are showing signs of recovery or new market highs. In Europe, the economic outlook has worsened, leading to a downward revision of around 300,000 units/year for the next few years, ensuring the volume forecast is firmly in co...

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

t report will be released every quarter -According to a report by GlobalData as of Q2 2025, global light vehicle production in 2025 is estimated to increase by 0.6% YoY to 91.0 mn.-The implementation of the new 25% US auto and auto-part tariffs has undermined our full-year global 2025 LV production outlook. Since our Q1 2025 report, we have cut the full-year outlook for 2025 by almost 1.5mn units to 91.0mn. Measured against a relatively weak 2024...

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

nning of the year can be attributed to the low-base comparison to the sales a year ago. However, in March, sales struggled once again due to vehicle supply issues (because of an accident at a plant that is a major supplier to Toyota/Daihatsu/Suzuki). With the recent results being underwhelming, the outlook for Japan is somewhat more limited this year. Korea’s LV market growth improved to 6% YoY in June as strong delivery of local models (+7% Yo...

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

Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...

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

China Passenger Car Association (CPCA) report - July 2025 Analysis of China's passenger car sales in June and outlook for July China passenger car production and sales volumes in June 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for June 2025.   R...

Market & Tech Reports  Updated at: 2025/07/10

ry Group and Mitsubishi. The positive result for Chery Group was driven by the expansion of a new locally built model line-up, while Mitsubishi’s growth came courtesy of the L300 and Xpander.   GlobalData has lowered Indonesia’s production forecast in the long term due to the downgraded export outlook. The expansion of Chinese OEMs in the global market will impact Japanese OEMs, who are key exporters from Indonesia. Chinese OEMs have investe...

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

China Passenger Car Association (CPCA) report - June 2025 Analysis of China's passenger car sales in May and outlook for June China passenger car production and sales volumes in May 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for May 2025.   Ret...

Market & Tech Reports  Updated at: 2025/06/10

mming from inflation worries, potential heavy US trade tariffs, and broader economic uncertainty. This year, there has been a downturn in sales across three of the five largest markets—France, Germany, and Italy. GlobalData continues to forecast sales to fall short of 2024’s result, the current outlook seeing sales totalling 11.4 mn units (-1% YoY). The PV selling rate for Western Europe fell in May to 10.9 mn units/year. YoY sales improve...

Market & Tech Reports  Updated at: 2025/06/09

ing the 10% reciprocal tariff temporarily set against the EU and the additional 25% tariff on automobiles and auto parts. In negotiations with China, the U.S. and China agreed on May 12 to reduce tariff rates by 115% on both sides, and negotiations were to begin on May 14 for 90 days.   The future outlook for tariffs remains unclear, but it will be necessary to continue to keep an eye on how manufacturers respond and on changes in each country's...

Market & Tech Reports  Updated at: 2025/05/26

es Data Center figures, Toyota (excluding Lexus led the market with a 16.9% share, followed by Mitsubishi at 13.9% and Ford at 13.5%.   Industry experts credit the strong Q1 performance to continued promotional campaigns, government policies supporting electrified vehicles, and a positive economic outlook. The Vietnamese auto market is poised to sustain its growth in the coming quarters, driven by new model launches and consistent consumer deman...

Market & Tech Reports  Updated at: 2025/05/21

ow down 2% as well. The region is currentlyexperiencing several economic challenges. Growth has stagnated in major markets such as Germanyand France. Furthermore, consumer confidence has dropped to its lowest point since November2023, highlighting the prevailing concerns about the region's economic outlook. In Eastern Europe, the LV selling rate rose to 4.3 mn units in April. Sales were down a modest 1%YoY, a relatively better result in compariso...

Market & Tech Reports  Updated at: 2025/05/21

, increasing the value of the car. It also helps to retain customers in the HCM ecosystem.   Mrs. Yagis emphasized that brand loyalty and trust, which are essential to building long-term relationships with customers, are at the heart of this journey.   The presentation was concluded by giving an outlook on what will come next. Outlook to 2026 and beyond (ICA Summit 2025 organized by InLinum/slide: Copyright © Hyundai Connected Mobility...

Market & Tech Reports  Updated at: 2025/05/16

s and production in India, Suzuki's largest market, as well as future trends in introducing battery electric, hybrid, and CNG vehicles based on the mid-term management plan.   Related reports: Bharat Mobility Global Expo 2025: BEVs in India (Feb. 2025)Indian passenger car market: growth trends and outlook (Dec. 2024)Suzuki: Production capacity in India to exceed 4m units by 2030 (Mar. 2024)Bharat Mobility Global Expo 2024 (1) EVs and Passenger V...

Market & Tech Reports  Updated at: 2025/05/15

China Passenger Car Association (CPCA) report - May 2025 Analysis of China's passenger car sales in April and outlook for May China passenger car production and sales volumes in April 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for April 2025.   Retail ...

Market & Tech Reports  Updated at: 2025/05/14

units. This figure represents the lowest level in four years, primarily due to weakened consumer demand both domestically and internationally. Notably, domestic sales were a significant driver of this downturn. In light of various global economic challenges, GlobalData has revised its 2025 export outlook downward by 4% from its previous projection. GlobalData now anticipates a full-year contraction of 3% y/y, culminating in an export volume of ...

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

as it struggles to grow BEV demand. Even so, global output is slated to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's global production will post flat growth (0% YoY) in 2025. Its longterm outlook, however, has been slightly upgraded to 8.15 mn units (+1.4% CAGR) in the period to 2032.StellantisStellantis’ global output is set to decre...

Market & Tech Reports  Updated at: 2025/04/30

rt LVs from China to the US. The latest tariff news came after our Q1 sales and production forecasts were finalized. Therefore, the data contained in this release should largely be considered a pre-tariff view, although some uncertainty from a lack of clarity over trade policy was factored into the outlook. While our Q1 forecast saw US sales reaching 16.1 mn units in 2025, the outlook likely would have been around 16.2 mn units – boosted by the...

Market & Tech Reports  Updated at: 2025/04/30

GlobalData Global Light Vehicle Sales Update (March 2025) Summary Commentary For March, the Global Light Vehicle (LV) selling rate is estimated to be 90 mn units/year, an improvement on the previous month and higher overall than the 2024 result. In YoY terms, the market was up 7% last month and 6% YTD, though clouds are gathering over the global economic outlook. The key markets of the US, China, and Western Europe all experienced growth in Mar...

Market & Tech Reports  Updated at: 2025/04/18

China Passenger Car Association (CPCA) report - April 2025 Analysis of China's passenger car sales in March and outlook for April China passenger car production and sales volumes in March 2025 Market analysis and outlook Top 10 Chinese Passenger Car Makers by Retail Sales The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, MPVs but not minivans) for March 2025.   Ret...

Market & Tech Reports  Updated at: 2025/04/11