ed, with some brands undergoing adjustments. Mainstream independent automakers’ sub-brands had a share of 11.7%, flat y/y. In June 2025, China’s passenger car retail, wholesale, and production volumes all set a new monthly high, while the export volume hit an all-time high. Domestic NEV retail penetration rate rose to 53.3%, presenting robust growth amid policies for equipment replacement, consumer goods trade-in, and NEV purchase tax exempt...

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

nced that it will release more than 10 NEV models, including BEVs, PHEVs, and range extender EVs, between 2025 and 2026, and promote the full electrification of its products. At the same time, the company plans to upgrade some of its internal combustion engine vehicles to PHEVs, aiming for the NEV penetration rate to exceed 60% by 2027. In addition, eight new engine-powered models will be launched to focus on the value-added mainstream market. ...

Market & Tech Reports  Updated at: 2025/06/30

parts used and improves heat dissipation performance and structural strength. BYD has introduced Blade batteries in all of its series and is accelerating external supply and the expansion of its production capacity. SVOLT Energy is accelerating the spread of short blade “Dagger” batteries. The penetration of lamination technology is accelerating due to the application of blade batteries. 3) Improved system structure:   Battery systems are m...

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

eapmotor, and the Harmony Intelligent Mobility Alliance contributing 5.8 percentage points. Mainstream independent automakers’ sub-brands had a share of 12.5%, flat y/y. In May 2025, China’s passenger car retail, wholesale, and production volumes all set a new monthly high. Domestic NEV retail penetration rate rose to 52.9%, presenting robust growth amid policies for equipment replacement, consumer goods trade-in, and NEV purchase tax exempt...

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

dually implemented related policies. Coupled with increased plant subsidies and financial support from automakers and the launch of offline events such as motor shows, the vehicle market trended well in April 2025, a month with the highest retail sales volume growth rate y/y in the past decade. NEV penetration rate continued to rise, which made NEVs the main driver for a Spring recovery in the passenger car market. In May 2025, there will be 19 w...

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

Europe, some manufacturers are combining them with HEVs and launching them in Europe as shown in the table above. Similar transmission mechanisms are expected to be adapted for use in other models, and their number will increase. European manufacturers launched many BEVs, but faced stagnant market penetration, so they quickly introduced many MHEVs, which can be realized by adding an auxiliary motor to an ICE-powered vehicle. To compete with low-...

Market & Tech Reports  Updated at: 2025/04/15

government allocated CNY 300 billion of ultra-long-term special government bonds for consumer goods trade-in to provide robust support for the passenger vehicle market throughout the year, with March passenger vehicle wholesale and production volumes both hitting monthly highs. Domestic NEV retail penetration rate picked up to 51.1%, which made NEVs the main driver for a Spring recovery in the passenger car market. In April 2025, there will be 2...

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

ironments such as high temperatures and vacuums. In addition, the output voltage is 3V, the same as that of lithium-ion batteries, making them easy to use. They are also safe, being resistant to overcharging and over-discharging.   Exhibits at the venue included overcharging, reverse voltage, nail penetration test, vacuum environment demonstration, and heat-resistant packaging. The company envisions applications for the all-solid-state sodium-io...

Market & Tech Reports  Updated at: 2025/04/08

company has strengths in the motor sports aftermarket.   Friction materials suppliers: In both the European and American markets, there are many friction material manufacturers with long histories as suppliers of brake pads for brake caliper manufacturers. Particularly in the aftermarket, market penetration is high, and the brands often continue even if the parent company changes. Although detailed information by manufacturer is omitted, this ...

Market & Tech Reports  Updated at: 2025/03/21

llows: wholesale and export volumes of passenger vehicle manufacturers hit new highs; the price war was relatively mild; the wholesale share of independent passenger vehicle manufacturers and the domestic passenger vehicle retail share exceeded 70% and 65%, respectively; and the domestic NEV retail penetration rate rebounded to 49.5%. In March 2025, there will be 21 weekdays, flat y/y. With all walks of life rapidly resuming normal operations aft...

Market & Tech Reports  Updated at: 2025/03/12

shift, he explained, will improve software quality, enhance resource allocation, and reduce development costs and time. Maruti's approach towards SDVs Maruti's Value Driven approach towards SDVs(Based on presentation received from iCAT.)   Mr. Aggarwal noted that, with the increasing car penetration in India, OEMs need to have a value-driven approach towards Software Defined Vehicles (SDVs).   He highlighted the importance of offering...

Market & Tech Reports  Updated at: 2025/02/26

an incremental increase of 500k units. With the deepening of BYD Auto’s presence in Japan, Korea, Europe and other overseas markets, increased brand awareness, and improved sales network, sales in overseas markets are expected to usher in a significant increase; and 3) the increase in new energy penetration will bring an incremental increase for existing models. The overall development of the domestic NEV market is positive. BYD Auto's existin...

Market & Tech Reports  Updated at: 2025/01/31

(51%). The inconvenience of charging is the biggest factor influencing consumers to purchase electric vehicles.   800V high-voltage ultra-fast charging technology began to increase explosively in 2023. There are more than 60 800V-compatible models on the market, and by the first half of 2024, the penetration rate of 800V-compatible models reached nearly 8%. In addition, the price of vehicle models that support high-voltage ultra-fast charging h...

Market & Tech Reports  Updated at: 2025/01/14

g a Globally Applicable High-end Smart Driving System for Millions of Vehicles" and introduced the transition process and product plan of smart driving technology.   Dr. Junli GU stated that high-end smart driving has entered a period of rapid mass production. Looking at the market as a whole, the penetration rate of driver assistance systems in China is expected to reach 60% by 2024. The penetration rate of the NOA (Navigate on Autopilot) marke...

Market & Tech Reports  Updated at: 2025/01/07

offer more competitive prices and better value to consumers. They are also expanding into new markets, including tier-2 and tier-3 cities.   High import duty and impact on pricing   Despite the market’s growth, high import duties continue to be a significant challenge for expanding luxury car penetration in India. Most of the luxury vehicles in India are either imported as completely knocked down (CKD) kits or completely built units (CBU). ...

Market & Tech Reports  Updated at: 2024/12/23

ch as infotainment systems, driving assistance, intelligent air conditioning and intelligent lighting. Intelligent automotive cockpits have not only improved driving and passenger safety and comfort, but have also given automobiles many attributes of interaction and intelligence.   Market size and penetration rate   The intelligent cockpit market size is projected to exceed CNY 150 billion in 2024 (maintaining an average annual growth rate of ...

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

roup and CEO of Aurobay, gave a presentation titled "Hybrid leap, Empowering Development" at the NEV Primary Session, focusing mainly on market trends, hybrid technologies and the technology outlook. Market trends   The global powertrain transformation is a diverse technological trend. The market penetration rates of battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs/PHEVs) are roughly the same. In Japan, Korea, and Southeast A...

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

are as follows. -  Retail, wholesale, production, and export volumes all hit monthly new highs. Driven by the export volume, the wholesale and production volumes have set all-time highs since statistics were available. -  NEV retail sales grew by 5.9% m/m, setting another record high. NEV retail penetration rate reached 52.3%, standing above 50% for 5 consecutive months. -  The price war was winding down. There were notably fewer price-off pr...

Market & Tech Reports  Updated at: 2024/12/11

an Market)     In 2024, China's automotive drive motor industry is showing strong growth. This growth is primarily due to the continued expansion of the New Energy Vehicle (NEV) market. New Energy Vehicles include pure electric, plug-in hybrid-powered, and range-extender electric vehicles. Market penetration of these New Energy Vehicles reached more than 43% by mid-2024. This indicates high consumer demand for electromobility and an accelerated...

Market & Tech Reports  Updated at: 2024/11/28

, and export volumes all hit monthly new highs. Driven by the export volume, the wholesale volume has set an all-time high since statistics were available. -NEV retail sales grew by 6.4% m/m, setting another record high thanks to the national vehicle scrapping and replacement policies. NEV retail penetration rate reached another record high as well. -The price war was winding down, with price-off promotions for conventional ICE vehicles slightl...

Market & Tech Reports  Updated at: 2024/11/08