ies were affected to some extent, and the market as a whole was sluggish. Looking at the industry trends for January and February, the manufacturing and sales of automobiles decreased compared to the same period last year due to a combination of factors such as the decrease in demand resulting from policy changes such as the preferential tax treatment for New Energy Vehicles (NEVs), a decline in consumer sentiment, and the high sales levels in th...

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

e sharp contraction in the Chinese PV market as sales totaled 6.0 mn units globally. Global LV sales showed signs of faltering last month as both China and US saw a notable decline in sales. China’s steep contraction remains a key drag on global sales volumes as consumers feel the effects of less policy support, while in the US, weak EV sales and affordability concerns are weighing on LV demand. Western Europe’s February total was promising a...

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

mpetition 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 "competitive pricing" in mind, Toyot...

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

Major Standards and Regulations Seminar for China’s Automotive Industry From presentations on Intelligent Connected Car standardization and key technology policies Summary Standard system for intelligent connected cars New implementation phase of intelligent connected vehicle technology policy (L2/L3/L4/unmanned automated driving)   The "Automotive Industry Major Standards and Regulations Seminar (4th Session)," jointly hosted by CATARC Autom...

Market & Tech Reports  Updated at: 2026/03/16

y Vehicles (NEVs: BEVs, PHEVs, FCEVs (fuel-cell electric vehicles)). Conversely, in Thailand, Chinese car sales increased significantly in the final month of incentives under the EV 3.0 scheme (EV promotion measures). It is necessary to keep an eye on the trends in each country, such as significant policy changes that will continue to have a major impact on the sales of xEVs in the future. Trends in sales volume and market share of electrified ...

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

penetrate the market, entering multiple segments from urban SUVs to full-fledged off-roaders, high-end MPVs, and pickup trucks.   Chinese OEMs are undergoing a qualitative change from "exporting finished vehicles" to "localizing the entire supply chain”. In response to Thailand's electrification policy, BYD, Changan, Great Wall Motor, and others have built finished vehicle plants. At the same time, major suppliers such as CATL, SVOLT, and Yuef...

Market & Tech Reports  Updated at: 2026/02/24

ed the segment. As the implementation of changes to the trade-in scheme take hold, we should see a recovery, but momentum is bleak for Q1 at least. Based on the weaker-than-expected opening month of the year, we have adjusted our forecast for 2026 down by around 300k units as the market slows after policy changes in the new year. A modest expansion in the market is expected for 2026. Looking further ahead, we see weakness in the market in 2027 an...

Market & Tech Reports  Updated at: 2026/02/24

em co-developed by BMW and Qualcomm. Snapdragon Ride Pilot uses the Snapdragon Ride AD software stack and is powered by Snapdragon Ride SoCs. The software stack includes a 360-degree perception stack, compliance with Automotive Safety Integrity Level (ASIL) and Functional Safety (FuSa), and a drive policy combining rule-based and AI-based models for behavior prediction and planning. The stack was developed with Qualcomm's data and simulation fact...

Market & Tech Reports  Updated at: 2026/02/20

ASEAN Vehicle Sales and Production Update (Q4 2025) Improving thanks to EV policy support and strong year-end demand, with Chinese OEMs on the rise Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - December 2025 Thailand BEV sales by OEM ASEAN News Topics (Q4 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailan...

Market & Tech Reports  Updated at: 2026/02/20

trengthening the Implementation of Large-Scale Equipment Renewal and Trade-in Policies for Consumable Goods in 2025. As a result, gasoline passenger cars meeting the China-4 emission standards are included in the application for the scrapping and renewal subsidy, expanding the scope of the trade-in policy and accelerating the conversion of existing gasoline cars to NEVs. In May 2025, the Chinese Ministry of Industry and Information Technology (MI...

Market & Tech Reports  Updated at: 2026/02/19

ailand (BOI)) (Reference) MarkLines - Parts Suppliers Search (Thai-Chinese Companies / Search Map)   In recent years, Chinese automakers have been accelerating the establishment of local production bases and the introduction of new models to the market, driven by the Thai government's EV promotion policy.   Sales volumes in Thailand were 887,000 units in 2022 and 841,000 units in 2023, but dropped significantly to 634,000 units in 2024, down 24...

Market & Tech Reports  Updated at: 2026/02/17

(Goods and Services Tax) reduction.• In Delhi, there is a 100% exemption from road tax and registration fees, and each state provides additional support in conjunction with the federal government.Indian market: Reduction in GST for the automotive sector (November 2025)India's Automotive Industry Policy: Promoting Electric Vehicles (November 2025) Sales declinestagnation USA • Federal EV tax credit (USD 7,500) ended in September 2025U.S. EV...

Market & Tech Reports  Updated at: 2026/02/09

able, even in a higher tariff environment than seen at the start of 2025.  ChinaIn January-November, LV sales grew by 8.5% YoY to 24.4 mn units, with PVs accounting for 22.1 mn units (+8.7% YoY) and LCVs totaling 2.3 mn units (+6.7% YoY). The YTD growth through November has narrowed, as policy shifts have prompted a wait-and-see approach, meaning that a pronounced year-end “tail-up” effect is therefore unlikely. The current pullba...

Market & Tech Reports  Updated at: 2026/01/30

e shift and upgrade from electrification to intelligence is an inevitable trend, and 2025 is an important milestone in the spread of intelligent driving. Users' need for smart mobility has surged. AI has become a core competitive force in the automotive industry, driven by three factors: full-scale policy implementation, a shortened technology breakthrough cycle, and a significant rise in market demand for smart mobility.   On the other hand, Ch...

Market & Tech Reports  Updated at: 2026/01/27

o promote their adoption. China drafted and issued the "Detailed Regulations for the Implementation of the Automobile Replacement Subsidy in 2026" in light of the situation where new vehicle sales, especially new energy vehicles (NEVs), have increased under the 2025 Automobile Replacement Promotion Policy. In 2026, it will be necessary to continue to check sales trends by model and powertrain, based on the situation surrounding EVs in each countr...

Market & Tech Reports  Updated at: 2026/01/26

ty management, and efficiency optimization are becoming possible. Looking ahead, even vehicles that have been in service for 10 years will be able to be easily updated with the latest telematics and cabin features.   Meanwhile, Wilz noted that BEV development in the United States has slowed due to policy shifts, while electrification in China has also lost momentum as a result of the use of low-cost gas. Against this backdrop, he stated that the...

Market & Tech Reports  Updated at: 2026/01/22

ell vehicle demonstrations, fuel cell vehicle-supporting highways, hydrogen filling stations, hydrogen energy industrial chain technology, and hydrogen fuel cell commercial vehicles. Opening ceremony of the International Hydrogen Technology Conference   The China Automotive Strategy and Policy Research Center (CASPRC) is an institution directly under the China Automotive Technology and Research Center (CATARC), a state corporation dir...

Market & Tech Reports  Updated at: 2026/01/21

e current volume declines but are unlikely to deliver a step-change in demand. There is also a non-trivial downside risk that Tesla may further de-emphasize automotive volume growth to prioritize autonomous driving, AI and robotics initiatives. (GlobalData, Q4 2025) North American market / Policy impact   Tesla has endured a challenging 2025 to date, with the OEM’s total market share falling by an estimated 0.4 pp YoY in the first ten...

Market & Tech Reports  Updated at: 2026/01/14

ted for 70.9% of the NEV volume, reflecting a great increase from 59.4% in the same period last year. In December 2025, China’s passenger car production and wholesale volumes were stable, an opportunity for major automakers to relieve pressure. The expiration of the vehicle purchase tax exemption policy drove NEV retail performance to reach a record high. Amid the upcoming expiration of the NEV purchase tax exemption policy, NEVs led fuel vehic...

Market & Tech Reports  Updated at: 2026/01/13

ed both month-over-month (m/m) and year-over-year (y/y). The increase was due to rush demand before the change of preferential tax treatment for NEVs in China, which offset the decline in EV sales in the U.S. The same trend is expected to continue in December, but from January onward, the impact of policy changes in China should be closely monitored. On December 16, the European Commission (EU) announced a new "Automotive Package" that reviews e...

Market & Tech Reports  Updated at: 2025/12/26