llion (about CNY 160 billion). In 2025, the penetration rate of intelligent cockpits in new cars worldwide will be 58%, while in the Chinese market the penetration will exceed 73%, far exceeding the global average. In particular, the penetration rate of intelligent cockpits in vehicle models in the price range of CNY 100,000 to CNY 750,000 (in 2024, this price range had a sales volume share of around 55%) is expected to reach 50%. Among such vehi...

Market & Tech Reports  Updated at: 2025/12/24

d right. Heavy-duty truck power type Trunk road scenario Initial purchase cost Energy costs Energy cost per km TCO Fuel cell heavy-duty truckConventional hydrogen filling(Business Model 1.0) 1,000km rangeTwo hydrogen fueling stations35MPa hydrogen tank CNY 1 million CNY 30/kg (Current average price of hydrogen gas) CNY 255/100km CNY 3.28 million Fuel cell heavy-duty truckHydrogen tank rental(Business Model 2.0) 1,000km rangeTwo hydrogen f...

Market & Tech Reports  Updated at: 2025/12/23

he fully remodeled BEV compact car QQ3. The GAC Group (GAC) exhibited the Hyptec A800, developed in collaboration with Huawei, as well as the Aion UT super and Aion i60. Chang'an Automobile Co., Ltd. (Changan) unveiled the Qiyuan Q05. The model attracted attention as a LiDAR-equipped BEV SUV in the price range of around CNY 100,000. The SAIC Group (SAIC) unveiled a model of its MG brand equipped with a semi-solid-state battery. Dongfeng Motor Cor...

Market & Tech Reports  Updated at: 2025/12/16

air conditioning outlet (2) Under-seat heater 1 (3) Under-seat heater 2 BYD T35 (BYD Co., Ltd.)   This is a light-duty truck designed for the Japanese market, targeting the GVW 3.5 ton class (can be driven with a regular driver's license). The launch date is set for the summer of 2026, with a price range of around JPY 8 million (including bodywork). The price of the flat-bed model is not yet determined.   Taking advantage of being a batter...

Market & Tech Reports  Updated at: 2025/12/16

Showa Denko Materials Automotive Products Co., Ltd. was changed to Resonac Automotive Products Co., Ltd. (Resonac). On September 25, 2025, Resonac Holdings (HD) announced that its subsidiary Resonac will transfer its automotive molding parts business in Japan and Thailand to Moriroku. The transfer price is JPY 17.2 billion, and the transfer will take effect on April 1, 2026. The business of manufacturing automotive plastic parts such as bumpers ...

Market & Tech Reports  Updated at: 2025/12/15

y (for example, the share of lithium iron phosphate batteries has grown to over 68%), and the integration of intelligent driving systems and AI becoming the key drivers of the industry. With the help of AI, companies have reduced development cycles and cost validation times by approximately 20%.   Price competition and export expansion are working hand in hand, with price competition intensifying within China and brands winning over customers th...

Market & Tech Reports  Updated at: 2025/12/11

s planning to release several luxury V Series MPV models in the future. Galaxy V900 (Actual body color differs due to lighting conditions at the site) Zeekr 9X   The Zeekr 9X, released in September 2025, is available in four models, including dual-motor and three-motor models. Prices range from CNY 459,900 to 589,900. The vehicle measures 5,239mm in length, 2,019/2,029mm in width, 1,819mm in height, and the wheelbase is 3,16...

Market & Tech Reports  Updated at: 2025/12/09

hoto by MarkLines) Research trends   Research on technologies, materials, and production processes is being actively conducted to reduce the cost of drive motors and to increase their efficiency and versatility. Particular attention is being paid to cost-effectiveness improvements that lead to price reductions and improvements in energy density that lead to extended range. A major trend going forward will be the use of alternative, more sust...

Market & Tech Reports  Updated at: 2025/12/09

uate top-level design in new products, lack of realization of coordinated system development and dispersion of resources, and insufficient recognition and support for relevant science and technology companies from the industry. 5. Intensifying turmoil in the Chinese domestic automotive industry Price competition has weakened the ability to invest in technology development. Irrational acceleration of product updates without regard for technolo...

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

selection, smart management, and high-quality service, the company is working to achieve a healthy circulation of the charging network. Currently, more than 80% of charging stations have a power output of over 300kWh per charging gun, maintaining advantages in terms of service fees and electricity prices per kWh. In addition, more than 75% of projects have a return on investment period of 3.2 years or less, supporting rapid expansion and sustain...

Market & Tech Reports  Updated at: 2025/12/02

out the burden of huge fines for not meeting the standards, the Commission proposed an amendment that would maintain the standards, but only for 2025-2027, looking at compliance based on a three-year average instead of a single year.   In addition, the government launched an investigation into low-priced BEVs made in China (using Chinese government subsidies), and after imposing a provisional additional tariff (38.1%), the tariff was officially ...

Market & Tech Reports  Updated at: 2025/12/01

commercial vehicle market and exports were also strong.   According to BYD's October 30, 2025 third-quarter earnings release, net sales fell 3.1% y/y to CNY 194,985 million, and net income fell 32.6% to CNY 7,823 million. A combination of factors, including increased market competition, prolonged price competition, and a significant increase in R&D investment, have had an impact on the company's performance. United States   New vehicle sales i...

Market & Tech Reports  Updated at: 2025/11/26

July 23 to August 3, more than 38,000 vehicles were sold, up from 34,887 units in 2024. GAIKINDO’s Chairman described the results as remarkable, highlighting strong consumer and commercial demand despite challenging market conditions. However, overall transaction values declined due to heightened price competition. Visitor attendance rose around 7% to 485,569, reflecting sustained public interest in advanced automotive technologies. Philippines...

Market & Tech Reports  Updated at: 2025/11/25

cally for the Japanese market, made its world premiere at the Show. T35 light-duty electric truck   The T35, a light-duty electric truck designed specifically for the Japanese market, comes in two types: an aluminum van version and a flat-bed version. It will be launched in the spring of 2026 at a price of approximately JPY 8 million, including installation costs. The T35 is a truck that can be driven with a standard Japanese driver's license, a...

Market & Tech Reports  Updated at: 2025/11/21

100 units/day in September, and the annualized selling rate slowed to 15.3 mn units/year in October, from 16.4 mn units/year in September. The removal of EV tax credits hindered the market in October, with attempts to support demand through OEM incentives seemingly falling flat. Average transaction prices were US$46,412 in October, up by US$485 MoM and 3.0% YoY, as EVs became more expensive. Incentives averaged US$2,835, down by US$378 MoM. Canad...

Market & Tech Reports  Updated at: 2025/11/21

made by Fuji Electric Co., Ltd. (Fuji Electric) can be seen, but the PCU itself was also jointly developed with Fuji Electric.   The company has decided that a strong hybrid is necessary for minicars to be CAFE compliant by 2030, so it is developing a hybrid that can be installed in minicars at a price that customers can afford. The release date has not yet been decided. e-SMART HYBRID exhibit Generator and motor Motor sectionPCU sectio...

Market & Tech Reports  Updated at: 2025/11/21

ntroduced a new GST structure, effective September 22, 2025. The sub-4-meter segment saw the biggest cut, with GST reduced from 28–31% to 18% across all fuel types.   Standard vehicles, including FHEVs and PHEVs, now stand at 40%, while BEVs remain at 5%. These changes have significantly lowered prices for several ICE models, narrowing the gap with xEVs. Impact of US tariffs   US President Trump announced that the baseline tariff on imports f...

Market & Tech Reports  Updated at: 2025/11/20

ctional lighting technology in recent models are shown in the next chapter. Audi Q3 The third generation of the C-segment Audi Q3 will be launched in the European market in October 2025. It will be available in Germany with a four-cylinder mild-hybrid gasoline engine (TFSI 110 kW) at an entry-level price of 44,600 euros and a plug-in hybrid (e-hybrid 200 kW ) starting at 49,300 euros. Display The center piece of interior of this 5-seater compact ...

Market & Tech Reports  Updated at: 2025/11/20

EVs Availability of new models and aggressive marketing of EVs by OEMs The government pushes for clean mobility and tax incentives  The growing localization of e-mobility components helps to reduce the cost of vehicles Favourable policies for the adoption of electric mobility in India Higher fuel prices encourage the shift toward electric mobility. Improvement in charging infrastructure, especially in Tier-1 and Tier-2 cities  Growing concern ...

Market & Tech Reports  Updated at: 2025/11/19

nance.   The penetration rate of EPS by passenger car brand in China differs slightly compared to brands in other countries. By 2020, some brands reached 100% EPS penetration, while local Chinese brands only reached 90.7%. This is due to a certain number of HPS and EHPS remaining due to low system prices. However, as the shift toward EPS with higher functional value advances, it may not be long before HPS and EHPS are eliminated. By 2026, the EP...

Market & Tech Reports  Updated at: 2025/11/18