as nylon yarn for the base fabrics of airbag cushions.   The control units (ECUs) for airbags use chips from several generations ago, using "mature process (legacy node)" chips rather than the latest AI-oriented chips. However, because semiconductor manufacturers are focusing their investments on cutting-edge chips for AI and data centers, production capacity for older types of chips used in automobiles tends to be relatively insufficient, resu...

Market & Tech Reports  Updated at: 2026/05/07

arter -According to a report by GlobalData as of Q1 2026, global light vehicle production in 2026 is estimated to increase by 0.6% YoY to 93.69 mn.-The conflict in the Middle East (ME) and its negative impact upon the global economy and LV demand principally underpins our 1.3 mn and 250k respective cut to the 2026 and 2027 Global LV Production forecast – compared with our prior Q4 2025 report. -Currently, the direction of the conflict remains u...

Market & Tech Reports  Updated at: 2026/04/30

Electrified Vehicle (xEV) Sales Monthly Report (March 2026) HEVs remain strong amid high fuel prices; BEVs and PHEVs see growth driven by Chinese OEMs Global electrified vehicle sales and composition by powertrain (BEV/PHEV/HEV) Trends in sales volume and share of electrified vehicles (xEVs) in major countries and new car sales trends by country Trend in sales volume of electrified vehicles (xEVs) of major OEMs About this Report   Sales o...

Market & Tech Reports  Updated at: 2026/04/27

years, they still feature a 4-speed AT. However, it has been announced that the Vanette will undergo a model change during the 2027 fiscal year.   Almost all other 4-speed transmissions are found in Suzuki mini (≤660cc) cars (including numerous OEM consignment models), specifically in the lower-priced van grades and trucks (both 2WD and 4WD). This is due to cost considerations; while the price difference between AT, CVT, and MT vehicle models...

Market & Tech Reports  Updated at: 2026/04/17

Thai automotive market in 2025 underwent a remarkable transformation. While the market for internal combustion engine-powered vehicles continues to shrink, NEVs have experienced explosive growth. According to MarkLines data, new vehicle sales of internal combustion engine-powered vehicles have been cut by almost half from 803,000 units in 2020 to 431,000 units in 2025. In contrast, BEV sales increased significantly from just 1,071 units in 2020 t...

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

by 2025, then you will – I fear – fail in the market.” This analysis was denied at the time by the then CEO of the Volkswagen Group, Dr. Herbert Diess, in their joint interview, but it has now turned out to be precisely as predicted [4].   The strategy of focusing almost exclusively on high-price premium electric vehicles appears to have failed. Instead, electric mobility should have been democratized, including a general restructuring of...

Market & Tech Reports  Updated at: 2026/02/05

ract by 3.8% YoY in Q4 2025, tempering full-year growth to 0.4% with 8.75 mn units built in 2025. Output has been affected by the introduction of Trump tariffs from April 3, 2025, with sales of group imports in the US falling by 21% YoY from Q2-Q4 2025. Despite the government intervention in the “price war” at the end of May 2025, slowing demand in China amidst tough competition from Chinese OEMs has also contributed to the group’s Chinese ...

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

hile there is some improvement in market conditions in Europe and Asia, the bulk of the reason for greater optimism relates to the North American market, where incoming actual data has exceeded expectations. The market has continued to post solid selling rates, helped by average vehicle transaction prices staying stable, even in a higher tariff environment than seen at the start of 2025.  ChinaIn January-November, LV sales grew by 8.5...

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

00 units) saw a 3.2% decrease from the previous month, but a significant increase of 58.3% compared to the same month last year. For the full year, sales increased 48.3% y/y (847,000 units), recovering from the previous year's decline caused by the termination of subsidies. The top sellers are high-priced models such as the ID.7, driven by increased fleet sales, with increased purchases by general consumers expected to be limited. On January 19th...

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

Japan Mobility Show 2025: Electric Powertrains e-Axles, motors, inverters Summary OEM technology exhibits and cutaway models: Toyota, Daihatsu, BYD, Yamaha, Nissan e-Axles, motors: Aisin, Astemo, Valeo, Bosch, Oswell Inverters, converters: Denso, Bosch, Astemo, Oswell, Toyota Industries, Shindengen Electric   The Japan Mobility Show 2025, organized by the Japan Automobile Manufacturers Association, Inc. (JAMA) was held at Tokyo Big Sight (open t...

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

jected to exceed 5 mn units in 2026 and surpass 6 mn units in 2030. The  volumes will grow at a CAGR of 4% over a seven-year period, totaling 6.8 mn units by 2032. However, we anticipate that there will be upward revisions in our next report to reflect the anticipated sales boost from the GST rate cut and improved economic growth.   LV sales from January to September 2025 remained flat at 3.7 mn units, comprising 3.18 mn PVs and 520k L...

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

e interior and automatically activates the turn signal when the system detects that the driver is looking in the rearview mirror before changing lanes or turning.⁠ ⁠If the driver attempts maneuvers without properly checking the mirrors, the car actively resists by staying in the lane and not executing the movement. The system integrates seamlessly with the navigation system and automatically activates the appropriate turn signals when drivers...

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

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: 2025/10/27

ar). While the 2025 outlook remains unchanged, the 2026 forecast has been slightly revised downward to reflect prolonged economic and global trade uncertainties. In 2025, the South Korean government implemented multiple tax incentives ahead of schedule to stimulate demand, and the decline in energy prices also provided a positive effect. Additionally, deliveries of imported vehicles are expected to be somewhat boosted by the low levels seen in th...

Market & Tech Reports  Updated at: 2025/10/23

tic and sculpted, with sharp lines that run from the front bumper to the rear shoulders. It sits on large 23-inch wheels, and the roof has a Y-shaped structural spine that adds to its visual impact. The rear of the car includes a floating light bar that stretches across the width, framed by angular cut-outs and a prominent diffuser.   The body color shifts from metallic grey to volcanic beige, inspired by the natural landscapes of Fuerteventura....

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

Xingyuan with sales totaling 46,000 units. The Tesla Model 3 came in third with 41,000 units. With 36,000 units sold, the Qin Plus came in fourth place, followed by the Wuling Hongguang MINIEV in fifth with sales of 31,000 units.   The Geely Xingyuan has maintained second place for the third consecutive month, beating out its small BEV-model competitors the Wuling Hongguang MINIEV (5th place) and the BYD Seagull (11th place). While the two comp...

Market & Tech Reports  Updated at: 2025/09/26

and withdrawals of models produced in China include Suzuki's total withdrawal from China in September 2018, Honda's withdrawal of Acura luxury cars in March 2022, Mazda's shrinking except for SUVs in July 2023, and Mitsubishi Motors' total withdrawal from China in October 2023. Production capacity cuts are also occurring one after another, with Toyota cutting its workforce by 5% in 2023, Honda reducing its production capacity by 20% in March 202...

Market & Tech Reports  Updated at: 2025/09/18

light distribution can be controlled 10 times more accurately than conventional LED glare-free high beam systems. Additionally, from a safety perspective, road warnings and driving support images can be projected directly into the driver's field of vision. The product is also sold at an affordable price that can be used in a wide range of cars. In 2023, it was installed in the trinocular headlights of the VW Touareg. ZKW Group microZ-LED headlig...

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

sion regulations, model discontinuations amid a shift to newer lineups, geopolitical tensions, and intensified export market competition, the FTI has revised Thailand’s 2025 vehicle production forecast. The target was lowered by 3.33%, from 1.5 million to 1.45 million units, primarily due to a 5% cut in projected production for exports (from 1 million to 950,000 units). Malaysia   According to the Malaysian Automotive Association (MAA), vehicl...

Market & Tech Reports  Updated at: 2025/08/28

ard a zone-based architecture after 2025. In addition, the technology trend going forward will be for automakers to develop their own architectures and for hardware and software to be produced by cost-effective partner manufacturers, and the electronic control device market will become increasingly price-driven. Design changes also vary from one manufacturer to another, and the fact that they cannot be made in one step and must be implemented in ...

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