ltra BYD BEV/PHEV 22 - -% 82 - -% 10 Corolla Toyota HEV 22 20 9.8% 124 135 -7.9%   China xEV sales in July were 1.004 million units, representing a decline of 4.2% y/y and a decrease of 9.2% m/m. Due to the slump in demand for ICE (internal combustion engine) vehicles caused by high fuel prices, the market share of electrified vehicles expanded to 74.6%, setting a new record high. In China, not only BEVs but also PHEVs, which dispel co...

Market & Tech Reports  Updated at: 2026/08/28

e. This brought January–June domestic sales to 346,966 units, up 14.6% YoY.   The FTI attributed the increase in domestic sales mainly to stronger demand for electric vehicles, with April sales supported by deliveries of BEVs booked at the 2026 Bangkok International Motor Show, while higher fuel prices amid the Middle East conflict supported EV demand in May and June, alongside the availability of more affordable EV models. However, most EVs s...

Market & Tech Reports  Updated at: 2026/08/24

key market, China, saw its selling rate creep up and India posted a record month. Demand in the US remained in slight negative territory YoY, while sales in Western Europe were relatively stable in July. The re-escalation in the Middle East conflict renews concerns about the H2 outlook, though oil prices remain well below the April peak. North America US Light Vehicle sales fell by 1.2% YoY in July, to 1.38 mn units. The mo...

Market & Tech Reports  Updated at: 2026/08/21

the transition to battery electric vehicles (BEVs), as several automakers announced targets aimed at expanding their BEV lineups and increasing the share of BEVs in their total sales. Subsequently, in addition to the challenges associated with widespread adoption—such as electrified vehicle (xEV) prices and charging infrastructure—differences in regional demand and energy conditions became apparent, leading to regional variations in the growt...

Market & Tech Reports  Updated at: 2026/08/21

y. This change is thought to be primarily due to lower costs, technology advancements, and shifts in consumer perception. In terms of production, lithium iron phosphate batteries do not use cobalt or nickel, making it easier to keep material costs down. Furthermore, the decline in lithium carbonate prices and advancements in CTP/CTC (Cell-to-Pack / Cell-to-Chassis) technologies have lowered manufacturing costs and improved the energy density of b...

Market & Tech Reports  Updated at: 2026/08/14

gh structural divergence will remain pronounced. With 21 working days for production and sales, coupled with the traditional summer slowdown amid high temperatures, the retail market is expected to recover only gradually. Disruptions to shipping through the Strait of Hormuz pushed international oil prices higher amid volatility in July, significantly increasing the costs of owning and operating ICE vehicles and further weakening demand for conven...

Market & Tech Reports  Updated at: 2026/08/13

being driven by improving affordability, particularly for BEV models, which reached a 27.5% market share last month. In addition, lower-priced Chinese-made models continue to gain ground (gaining over 11% market share in July 2026), increasing choice and competition and putting downward pressure on prices. OEMs are also maintaining discounts to meet stricter ZEV mandate requirements, while buyers continue to benefit from ongoing support through t...

Market & Tech Reports  Updated at: 2026/08/10

veral models further limiting volumes. That said, the Group’s global output should grow by 2.7% YoY in Q4 2026, with the renewal of the Volkswagen Atlas range in the US and stabilizing market conditions in Asia, particularly China, offsetting declines in Europe, due to low model activity.With oil prices returning to levels last seen before the US-Israel/Iran war began after a recent truce, our initial base-case scenario that the conflict would ...

Market & Tech Reports  Updated at: 2026/07/31

d us to reduce our full-year 2026 forecast since last quarter. We now see total sales standing at 16.0 mn units, down by 1.9% YoY, compared to an outlook of 16.3 mn units previously. There are both upside and downside risks to the forecast. On the upside, a resolution to the war could ease gasoline prices, increase certainty, lower inflation, and potentially open the door to interest rate cuts, all of which could boost activity in the LV market. ...

Market & Tech Reports  Updated at: 2026/07/31

e, in the longer term, the Supreme Court’s decision could prove to be simply a short interruption to the more protectionist stance that the Trump administration has adopted.   The war in the Middle East does present a downside risk to the forecast. The main consequence will be seen in higher oil prices, which is already feeding through to US consumers paying more for gasoline. As other countries fear they may struggle to source oil and its der...

Market & Tech Reports  Updated at: 2026/07/31

4% m/m) to 1.174 million units, representing a market share of 22.2%. While BEV sales are steadily increasing in China, sales are also rising in Germany, Brazil, Japan, and other countries. HEV sales increased by 23.4% y/y and 6.9% m/m to 569,000 units, representing a market share of 10.7%. As fuel prices continue to rise, HEV sales in the United States are increasing, and there are signs of an increase in HEV sales in Europe, including Italy, Ge...

Market & Tech Reports  Updated at: 2026/07/29

an additional selling day and remained steady despite weak consumer confidence. Western Europe also remained robust, as consumers benefited from a widening range of BEV offerings. As Middle East tensions re-escalate, we remain cautious on the H2 2026 global LV outlook, given the risk of higher oil prices and associated knock-on effects on fuel costs, inflation, and consumer demand. North America US LV sales grew by 8.4% YoY...

Market & Tech Reports  Updated at: 2026/07/22

Ltd. )) in June. However, since then, monthly sales have averaged around 700 units, with a peak of 1,712 units in August 2025. What is the cause of these differences? In the following, as one analytical framework for understanding these differences, we will focus on the differences in features and prices among the various models, while examining the supply chain as a factor that determines these differences. (1) Main specifications of each model...

Market & Tech Reports  Updated at: 2026/07/21

ies. Furthermore, as the transition to SDV extends the lifetime value of each vehicle, the relationship with dealerships will also be prolonged. On the other hand, the market itself is on a downward trend from 100 million units sold per year, and since no revenue model other than marking up vehicle prices has been established, companies are reportedly facing tight cash flow situations. Based on these factors, it is assumed that increasing the pro...

Market & Tech Reports  Updated at: 2026/07/16

such as automatic lane changes and overtaking on highway and national road environments. In urban areas, NSP (not reliant on high-precision maps), APA (Advanced Parking Assist), and RPA (Remote Parking Assist) features come standard on all trim levels. The model will be released in June 2026, with prices starting from CNY 179,900. smart ＃6   BMW showcased the fully redesigned 7 Series, the all-new i7, the iX3 long-wheelbase vers...

Market & Tech Reports  Updated at: 2026/07/14

lighted the policy advantages of BEVs. As a result, the NEV penetration rate is expected to remain at a high level in July, although its growth may slow., and the share of BEVs in the market could see a slight rebound. At the same time, against the backdrop of the sharp decline in international oil prices and improving overseas demand for ICE vehicles, the Chinese auto market is expected to enter a phase of structural improvement in July. - Ma...

Market & Tech Reports  Updated at: 2026/07/10

emission targets and to fend off growing competition from Chinese brands. GlobalData has upgraded its 2026 Western European PV forecast to 11.9 mn units, up 1% from 2025’s full-year result, reflecting stronger actuals, positive news regarding the Middle East ceasefire and a rapid easing in energy prices. However, we remain cautious, noting that broader macro risks and the potential for renewed geopolitical volatility still pose latent threats t...

Market & Tech Reports  Updated at: 2026/07/08

l/South America 33.8%, Europe/Middle East/Africa 19.3%, Asia 15.2%. 20 17 Adient plc 14,535 14,688 Decreased revenue in the EMEA (Europe, Middle East, and Africa) region due to a slowdown in consumer demand. 21 16 LG Energy Solution Ltd. 14,157 15,953 Revenue decreased due to a decline in metal prices, resulting in lower selling prices for batteries and battery material products. 22 23 Samvardhana Motherson Group 13,686 12,892 Automotive bu...

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

the event. The lineup will include two types of powertrains: gasoline-powered vehicles and plug-in hybrid electric vehicles (PHEVs). Models of both have body dimensions of 5,034mm x 2,006mm x 1,880mm and a wheelbase of 2,800mm. Two types of cockpit layouts are available: a 5-seater and a 7-seater. Prices range from CNY 177,900 to CNY 199,900.   The Traveler PLUS model features a 2.0L turbo GDI engine paired with an 8-speed automatic transmissio...

Market & Tech Reports  Updated at: 2026/07/03

uced to the Pro Series, beginning with the debut of two models: the Passat ePro and the Tiguan L ePro. SAIC VW ID. ERA 9X   The ID. ERA 9X is VW's first full-size, six-seater SUV-type range-extender EV, and it was officially unveiled and launched at this show. Three trim levels are available, with prices ranging from CNY 309,800 to CNY 359,800.   The vehicle measures 5,207mm in length, 1,997mm in width, and 1,810mm in height, with a wheelbase o...

Market & Tech Reports  Updated at: 2026/06/29