e buyer is Russia's State Scientific Central Research Institute of Automobiles and Engines (FSUE NAMI). The plant previously produced steering systems (EPS), antilock braking systems (ABS), and electronic stability program (ESP). EPS Production The most recent major construction of new EPS-related plants is as follows. Opening of new plant in Mexico In December 2017, the company opened its first steering production facility in Mexico, in Colon...

Market & Tech Reports  Updated at: 2025/08/21

han 20% (Table 1).   Looking at BEV sales by country and region, in addition to a strong 42.8% year-over-year (y/y) increase in China, sales in the ASEAN region increased by a significant 85.6% y/y (Table 2). Sales are expected to expand further after 2025 as Chinese OEMs plan to set up production plants in ASEAN countries. Table 1: Sales volume by powertrain (1,000s units) The table can be scrolled left and right. Powertrain Sales volum...

Market & Tech Reports  Updated at: 2025/08/18

el cell stacks alone do not provide enough power, the vehicle is equipped with two 30kWh secondary batteries and two motors, which are used in conjunction with the fuel cell stack for driving. The vehicle can also be driven in EV mode for several kilometers (this can also be used in food processing plants where wastewater from the fuel cell stack is unacceptable for hygiene reasons, making it necessary to drive in EV mode). The company is current...

Market & Tech Reports  Updated at: 2025/08/14

d powertrain – the HR18 HEV. The new system combines a gasoline engine, electric motor, transmission, power electronics, and 1.4 kWh lithium-ion battery into one compact and efficient unit. It was developed at Horse Technologies’ R&D centers in Romania and Spain, and will be manufactured at its plants in Bursa, Türkiye and Valladolid, Spain. Renault Group’s new models (released or to be released in 2024 and 2025) Brand Model Remarks R...

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

urther expand comfort technology within the vehicle cabin. IGB is a privately held supplier of automotive seat heating, ventilation, active cooling, steering heating, seat sensors and electronic control modules, headquartered in Gruendau-Rothenbergen, Germany, with more than 4,600 employees in nine plants in seven countries. Lear will combine its seat technologies with IGB's heating, ventilation, active cooling, lumbar support, and massage produc...

Market & Tech Reports  Updated at: 2025/08/06

tion) Sales volume trends of the Outlander PHEV in the U.S. and Canada (2020-2024) (Source: Prepared by MarkLines based on data from Mitsubishi Motors Corporation and MarkLines Data Center)   In May 2025, MMC announced that it would utilize excess production capacity at Nissan's U.S. plants to supply electric vehicles on an OEM basis to MMC, based on the next-generation Leaf, with the vehicles scheduled for market launch in the sum...

Market & Tech Reports  Updated at: 2025/07/30

s to drop by 16% YoY over the last three quarters of 2025. Hyundai GroupWe now expect Hyundai Group’s global production to decline slightly by 1% in 2025. Its long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032. The automaker is reorganizing its Chinese plants to contribute more actively to its export business rather than solely serving the Chinese market. Its Indonesian plant is also increasing expor...

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

Russian LV market declined by 29% YoY in June, with the selling rate falling to 1.13 mn units/yr (-7.9% MoM). Demand remains weak due to the CBR’s high key rate stalling consumer credit growth and auto financing; however, early signs of stabilization are emerging, aided by resumed output at idled plants and government stimulus through the “First Car” and “Family Car” subsidy programs. A potential interest rate cut may support a modest r...

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

he Recon, inspired by the Wagoneer S, and an SUV to be launched in 2025 that may revive the Cherokee name, also a mid-size SUV. Stellantis Mexico-produced models   Production in 2024 decreased by 10.3% y/y to 419,426 units, a reversal from the significant increase in the previous year. Its main plants are in Saltillo in the north and Toluca in the central region, where it produces Jeep brand SUVs, and most of the vehicles produced are for exp...

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

orders for BEV vehicles] China BYD Seal Chiller China BYD Qin PLUS EV Chiller Outline of the company and its business: Established in 2003 and restructured in December 2019, it is a wholly owned subsidiary of BYD. Tier 1 for BYD which manufactures BEVs. FinDreams Group has 41 companies and plants in China. In addition to battery thermal systems, the company manufacture various categories of automotive components. If BYD develops a BEV ma...

Market & Tech Reports  Updated at: 2025/07/08

ber 2024.   In response to the decline in automobile production, the company is planning and implementing organizational optimization, primarily among its European suppliers. Nearly half of the top 30 companies in this year's survey are planning to reduce their workforce, and some are even closing plants and offices.   We expect conditions to remain challenging for automotive suppliers in FY2025. Countermeasures to the additional tariffs that t...

Market & Tech Reports  Updated at: 2025/07/02

yota group, Marelli Corporation (formerly Calsonic Kansei Corporation) for Nissan, and Yutaka Giken and Sankei Giken for Honda. Because larger parts are often included as exhaust system components, the manufacturing facilities of Japanese exhaust system suppliers are often located near the assembly plants of their affiliated OEM customer. Suppliers of substrates and washcoats, which consist of processes such as ceramic forming and firing (or meta...

Market & Tech Reports  Updated at: 2025/06/19

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

its 4680 battery production capacity will be approximately 7GWh annually. The company also stated that by the end of the year, the cost of Tesla batteries will be less than nickel batteries from its suppliers. In June 2024, Tesla announced that the cumulative production of 4680 batteries in all its plants had reached 50 million units. Furthermore, in September of the same year, cumulative production reached 100 million units. In February 2025, Te...

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

(G-TEKT) G-TEKT Corporation (G-TEK)T is a Honda-affiliated stamping press products supplier in Saitama City, Saitama Prefecture. The company was established in 2011 through the merger of the former Takao Kinzoku Kogyo Co., Ltd. and the former Kikuchi Co., Ltd. Located in close proximity to Honda's plants, the company has 30 production facilities (6 in Japan and 24 overseas). G-TEKT operates in 11 countries, with sales outside Japan accounting fo...

Market & Tech Reports  Updated at: 2025/06/03

em, a type of private liquidation. This is because it became difficult to repay as planned the JPY 108.3 billion of interest-bearing debt that existed at the end of September 2018. In September 2019, the company announced a proposed business restructuring plan that included the closure of up to six plants in Japan, the United States, and Europe. All 37 financial institutions with which the company does business approved the plan and agreed to for...

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

strength.   The company also signed a strategic partnership agreement with StarCharge at the show. Through this agreement, the companies will deepen their partnership in four areas: joint development of ultra-fast charging technology, construction of charging stations, innovation to virtual power plants, and creation of a low-carbon consumption ecosystem. The purpose of this agreement is to build a smart charging service organization across Chi...

Market & Tech Reports  Updated at: 2025/05/20

iency of 40% is achieved and fuel consumption is significantly improved. The same engine is also used in the Solio, which underwent a full model change in January 2025, and is scheduled to be adopted in various models in the future.   Utilization of biogas derived from cattle manure: 4 production plants starting in 2025 Suzuki has a plan to run new cars on biogas derived from cow dung, and is working with Asia's largest dairy, Banas Dairy, and...

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

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

ee groups being GM, Toyota, and Ford. Approximately 6.44 million vehicles (in 2024) were imported (excluding imports from Canada), with GM, Hyundai, and Toyota being the top three importers. Approximately 39% of new vehicles sold in the U.S. are imported, and even vehicles produced in U.S. assembly plants use many imported parts. The majority of high-selling models are American brand pickup trucks and foreign brand SUVs, most of which are produce...

Market & Tech Reports  Updated at: 2025/05/02