EVs and competition from Chinese imports. The Mobility Solution division has just under 240,000 employees worldwide. This includes the Mobility Electronics division which has about 40,000 employees worldwide, including about 12,500 in Germany. The electronic control market is becoming increasingly price driven, with automakers tending to develop the electronic architecture in-house and have the hardware produced by cost-effective contract manufa...

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

nfavorable foreign exchange rates for the Brazilian real (BRL) and Argentine peso (ARS) and the negative impact of the product mix, which were partially offset by higher sales volume, favorable parts and service operations, and pricing. Adjusted earnings decreased 4% as the impact of higher vehicle prices and increased unit sales was offset by unfavorable currency and mix effects. Trends in the South American market (Brazil and Argentina) In...

Market & Tech Reports  Updated at: 2025/03/18

mparison was possible. The annualized selling rate eased to 15.7 mn units/year in January, down from 17.0 mn units/year in December. The market appeared to carry on largely as normal, despite uncertainty over the new Trump administration's policies on tariffs and EV tax credits. Average transaction prices were measured at US$45,374 in January, down by US$1,015 MoM, but still up by US$500 YoY. While incentives were up by 26.6% YoY in January, it i...

Market & Tech Reports  Updated at: 2025/02/21

ering and "tank turns". The Yangwang brand was announced in November 2023. The luxury version of the first off-road SUV, the U8, was launched in September 2023. According to BYD, annual sales in 2024 were 9,455 units, and the average age of the user base is 43 years old, with more than 80% being executives. In February 2024, the U9 EV supercar was launched. In November 2024, advance reservations (pre-orders) for the highly anticipated U7 flagship...

Market & Tech Reports  Updated at: 2025/02/18

VW Group: Partnership with Rivian and XPeng for SDV Development Production capacity cut by 734,000 units and 35,000 jobs cut in Germany Summary BEV architecture mid-term strategy E/E architecture and software; Partnership with Rivian and X Peng Chinese business: Intelligent Connected Vehicles (ICV) Restructuring of plants in Germany: Production capacity reduction of 734,000 units, employment reduction of 35,000 employees Jan-Sep 2024 results: Pre...

Market & Tech Reports  Updated at: 2025/02/10

.5 mn units, almost matching the same period in 2023, with a flat growth rate of 0% YoY. PV sales amounted to 20.3 mn units, recording a marginal YoY increase of 1.3%, as the Chinese domestic market finally started to pick up, supported by the ongoing temporary scrapping subsidy program and massive price cuts. The sales forecast is unchanged, except for very minor adjustments in 2024. Volumes are projected to increase by 1.9% to 25.7 mn units, be...

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

% and a 3.4% month-over-month (m/m) increase. The market share of electric vehicles in December was 29.4%, up 4.8 points from the same month of the previous year and up slightly, by 0.4 points, over the previous month. Sales volume and market share reached record highs for the fourth and fifth consecutive months, respectively. Cumulative sales of electric vehicles in 2024 increased 26.8% over the previous year to 15.229 million units, accounting ...

Market & Tech Reports  Updated at: 2025/01/24

rate jumped to 17.0 mn units/year in December, up from the 16.7 mn units/year reported in November. Looking at 2024 as a whole, sales totaled 16.0 mn units, indicating a YoY gain of 2.6% YoY. This was the best result since the pandemic, but still 1 mn units below 2019’s total. Average transaction prices continued to grow in December 2024, to US$46,389, up by US$1,049 from November. On the other hand, incentives saw a small increase to US$3,345,...

Market & Tech Reports  Updated at: 2025/01/17

tariff on all imports from Canada and Mexico and an additional 10% tariff on imports from China. The U.S. is the world's largest importer, with Mexico, China, and Canada being the top three countries in terms of the U.S. trade deficit.   The policy was put forth as one of the first presidential executive orders to crack down on illegal immigration and drugs, and Trump said on his social media accounts that the new tariffs will apply "until drugs...

Market & Tech Reports  Updated at: 2024/12/26

r, while the UAW strikes in November 2023 provided a lower base for sales. Volumes for November 2024 reached 1.38 mn units, growing by 12.3% YoY. The selling rate jumped to 16.7 mn units/year, the highest since May 2021. As 2025 model year vehicles continued to enter the market, average transaction prices saw another bump in November 2024, to US$45,335, up by US$272 MoM. Incentives increased by US$233 MoM, to US$3,350, possibly due to OEMs and de...

Market & Tech Reports  Updated at: 2024/12/17

orth America by 2025 (Sep. 2023)     GM's global sales for the first half of 2024 (January-June) totaled 2.78 million units, down 6.3% from the same period last year, according to the company's Q2 results report. GM has been withdrawing from markets such as Europe and India, resulting in six consecutive years of year-over-year declines from 2017 to 2022 (on an annual basis). However, in 2023, sales increased 4.2% from 2022 to 6.188 million unit...

Market & Tech Reports  Updated at: 2024/11/27

otype and has a way to go for a production version. It is a robotaxi for two people with no steering wheel, brake or accelerator pedals. Tesla Automotive Introductions Key Information Other information Cybercab ·Robotaxi for two passengers only·No steering wheel or driving pedals·Planned price is below $30,000·BEV operating cost: 20 cents/mile ·Prototype only. 20 shown·Requires special NHTSA permit·Does it include robotaxi HW & SW?...

Market & Tech Reports  Updated at: 2024/11/25

on" was announced on August 27, 2024. It is planned to be installed in the XPeng P7+ in the fourth quarter of 2024. In addition, XPeng's semiconductor "XPeng Turing" in-house developed smart driving chip was successfully taped out on August 23, 2024. It has a 40-core processor and supports local execution of large models with up to 30B parameters. Production of flying cars On July 4, the Guangzhou Development District (GDD) signed an investment...

Market & Tech Reports  Updated at: 2024/11/05

eak BEV demand due to insufficient purchasing incentives and strong competition from Chinese brands, with Fiat 500 BEV output down by 69% YoY (-44k units) in YTD volumes as a result. The loss of the Fiat 500 ICE (312) from June after the EU’s UNECE155 regulations began to be enforced will further cut into European output, wiping out a projected 62k units YoY in H2. In North America, the closure of the Brampton plant in Canada last year for reto...

Market & Tech Reports  Updated at: 2024/10/29

itive adjustments made, most notably in China, but overall, the more conservative adjustments to the Japanese, Western European and Northern American forecasts have outweighed the positives. -The picture on vehicle pricing is somewhat contrasting when looking at the likes of China, where there is a price war, compared to Europe and North America where consumers continue to face high pricing which is dragging on demand. While vehicle pricing in No...

Market & Tech Reports  Updated at: 2024/10/29

Trump Speech in Detroit U.S. auto industry, tariffs, electrification, etc. Summary Auto Industry Tariffs USMCA renegotiation and Chinese auto plants in Mexico Electric Vehicles Tax cuts Energy   On October 10, 2024, Republican presidential hopeful Donald Trump spoke to the Detroit Economic Club, where over 1,000 members and their guests came to see him at the MotorCity Casino Hotel in Detroit.   Trump said under his administration, “Thousands...

Market & Tech Reports  Updated at: 2024/10/24

l batteries used within the EU. Failure to comply with the regulation will result in restrictions on exports to the EU. ＊ III-1-6 Individual descriptions In addition, in October 2023, the European Commission launched an investigation into Chinese-made EVs, which are being sold at aggressively low prices using subsidies from the Chinese government. As a result, it was decided that provisional additional tariffs would be imposed from July 2024, a...

Market & Tech Reports  Updated at: 2024/10/18

ern Europe improved though the market continues to face challenges with economic and political headwinds — as a result, YTD sales growth in the region has further trended downwards. North America The US Light Vehicle market saw sales improve YoY in August 2024, following two consecutive months of YoY contractions. Expectations for August sales were high, as the Labor Day weekend was considered part of the month this year, but a...

Market & Tech Reports  Updated at: 2024/09/18

rbags in India and the associated increase in demand for airbag components, local production of airbag modules, inflators, cushions, and other major components in the country is accelerating. As a result, overseas sales of related manufacturing equipment, such as automatic sewing machines and laser cutting machines for airbag cushions, are growing, and the increased demand is spreading to peripheral equipment as well.   This report covers the si...

Market & Tech Reports  Updated at: 2024/09/12

Tesla: Profitability Down with Decreased Sales, Intensifying EV Competition Planning revenue increases from next-gen platform vehicles, software, and charging infrastructure Summary Global production: Volume starts to decline in 2024 due to production cutback in China Global sales situation: Sales down despite broad-based price cuts from 2023 onward New products announced after 2023: Cybertruck, Semi, and new Model 3 Future models: Compact EV to ...

Market & Tech Reports  Updated at: 2024/08/19