g. The project is jointly funded by CATL, BAIC Hailanxin Energy Technology (Beijing) Co., Ltd., Xiaomi EV Technology Co., Ltd., and Beijing Energy Technology Co., Ltd.   In January 2025, CATL and the Fuzhou municipal government signed a strategic cooperation framework agreement. In March 2025, the registration application for the Luoyuan CATL New Energy Battery manufacturing site project (Phase 1) was approved. The project has a planned annual p...

Market & Tech Reports  Updated at: 2025/06/12

namese auto market is poised to sustain its growth in the coming quarters, driven by new model launches and consistent consumer demand.       The Federation of Thai Industries (FTI) announced the data released by the Land Transport Department that notes all-kind of 100% purely electric mobility registrations (including 2-wheelers) of 9,905 units in March 2025, up 33.2% YoY. In the first 3 months of 2025, registrations of purely electric mobil...

Market & Tech Reports  Updated at: 2025/05/21

r for battery-swappable EV conversions Display panel for battery container   Electric cart SCOO   The SCOO electric cart is a "small mobility vehicle" designed according to Japanese standards for electric wheelchairs; the user is treated as a pedestrian, requiring no driver's license, registration, or vehicle inspection.   Product shapes include a foldable "chair type", a "stand-up type", and a "stand-up towing type". The maximum s...

Market & Tech Reports  Updated at: 2025/04/08

ual production capacity will be 200,000 units. The construction for Phase 1 is planned to be completed by the first quarter of 2026. The new plant will produce EV models under the Omoda and Jaecoo brands. In October 2024, multiple media outlets reported that Chery had already obtained an investment registration certificate. During the construction period of the plant, Omoda and Jaecoo will import finished vehicles. The Omoda E5 and Jaecoo 7 were ...

Market & Tech Reports  Updated at: 2025/03/07

ile Manufacturers Association (VAMA), automobile sales in Vietnam (including imported units of non-VAMA manufactures' sales) in October and November posted an increase of 52.8% and 58.1% (YoY), respectively, then went down by 18.4% YoY in December. This drop followed the end of the 50% exemption of registration fees for domestically produced vehicles, implemented during September 1 to November 30, 2024.   Vietnam’s 2024 annual auto sales grew ...

Market & Tech Reports  Updated at: 2025/02/25

RD6 (RWD)     MG IM6 e-SUV   SAIC Motor-CP and MG participated the 41st Thailand International Motor Expo with the concept of “Empower the Future”. Its highlight model was the MG IM6, “the First Ever Intelligent e-SUV”, presented in the RHD version for the first time in the world.   Registration of Interest (ROI) for this SUV has already been made available, while the pricing is planned to be announced around mid-2025. Both AWD an...

Market & Tech Reports  Updated at: 2024/12/27

228 Kia 430 658 (Source: Data based on MarkLines statistics, press releases from OEMs)   Factors behind rise of EV sales   There are several reasons which drove the EV sales in India Launch of new electric vehicle models by major automakers Tax incentives, and exemptions from road taxes and registration fees. Rising awareness about environmental concerns Improved range of new electric vehicles and reduction in pricing Improved charging in...

Market & Tech Reports  Updated at: 2024/12/23

grew 7.5% YoY to 225,583 units.   Based on MarkLines Data Center figures, in the month of September alone, Toyota (excluding Lexus), Mitsubishi, and Thaco Kia were the top 3 brands, holding a market share of 19.1%, 14.7%, and 11.0%, respectively.   Effective from September 1 to November 30, 2024, registration fees for domestically produced and assembled cars, including trailers or semi-trailers, and similar vehicles will be temporarily cut by 5...

Market & Tech Reports  Updated at: 2024/11/26

oo J7, rolled off the line. This plant will produce the high-end off-road SUV Jaecoo J7 for the first time in ASEAN. By establishing the plant, 500 new jobs were created. New vehicle models In October 2024, Jaecoo Malaysia, which will expand Chery's Omoda & Jaecoo brands in Malaysia, has opened a registration site for the distribution of information prior to the release of the mid-size SUV Jaecoo J7 PHEV. In addition, the coupe SUV Omoda C9 is ...

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

the usual.   In addition, the Japan Mobility Show Bizweek was held using only Exhibition Hall 1, whereas CEATEC was held in Exhibition Halls 2 to 8.   The number of visitors to Japan Mobility Show Bizweek 2024 has not been announced, but the number of visitors to CEATEC 2024, for which admission registration was common for both, was 112,014 (four-day total), reflecting a 25.8% increase from last fall's 89,047 visitors. This is believed to be t...

Market & Tech Reports  Updated at: 2024/11/14

istry of Industry and Information Technology and the Cyberspace Administration of China (CAC). It will oversee the construction of IoV roadside facilities along expressways and urban trunk roads. Major IoV companies will be assisted in establishing network and data security monitoring measures. The registration of IoV network security protection grades will proceed and the real-name registration management of IoV cards will be strengthened. Pro...

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

ization into the risks of environmental pollution, human rights violations, etc. of their suppliers. It is also necessary to establish a system to manage the supply chain, and to manage and disclose the results of due diligence and third-party verification reports. (Start date: August 2025) Digital registration of product information = Battery PassportTo increase transparency in the battery value chain and enable information exchange and tracking...

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

9% y/y.   New vehicle sales in Vietnam fell by 22.8% y/y to 280,000 units in 2023 when consumer confidence deteriorated due to stagnant economy. For the period of January-June 2024, sales decreased to 120,000 units, down by 5.7% y/y. The Vietnamese government will reintroduce the measure to reduce registration fees by 50% for locally produced vehicles from September 1 to November 30, 2024.   In Singapore, new vehicle sales declined by 10.3% y/y...

Market & Tech Reports  Updated at: 2024/10/02

Electric Two-wheelers in India (2) Major start-ups Overview of Ola Electric, Ather, Ampere, and other 6 companies Summary Analysis of state-wise electric two-wheelers registration Ola Electric Mobility Limited Ather Energy Ampere (Greaves Electric Mobility Private Limited: GEMPL) Okinawa Autotech International Private Limited BGauss Electric Okaya EV Private Limited Hero Electric Kinetic Green Batt:RE (Battre Electric Mobility Pvt Ltd)   The Ind...

Market & Tech Reports  Updated at: 2024/09/20

ith a local content ratio (TKDN) of 40% or more, or for the conversion of a gasoline-powered motorcycle to an electric motorcycle. In August of the same year, it was announced that the subsidies would be expanded from low-income Indonesians to all holders of a national identification card (resident registration card, KTP). At this time, 30 models from approximately 14 companies meet the standards.   According to local media reports on March 1, 2...

Market & Tech Reports  Updated at: 2024/09/10

The Philippines issued a presidential decree in January 2023 exempting EVs and components from import duties. In May 2024, the decree was revised to include HVs and PHVs in the scope of import duty exemptions.   Vietnam will continue to lower the special consumption tax on EVs and exempt them from registration fees to popularize EVs. Also, corporate tax exemptions are available for the manufacture of EVs and their key components. Vietnamese star...

Market & Tech Reports  Updated at: 2024/09/04

M) Jan-Jun 2024Top 10 destination countries Exports volume (1,000 units) Russia 478 Mexico 226 Brazil 171 UAE 142 Belgium 139 Saudi Arabia 119 UK 113 Australia 91 Philippines 76 Turkey 73 (Source: Created by MarkLines from CAAM's August announcement)   Imports  Retail registrations of imported passenger cars in the first half of 2024 were down 10.2% y/y to 326,000 units. The month with the largest import volume was ...

Market & Tech Reports  Updated at: 2024/08/20

he month of June alone, Toyota (excluding Lexus), Ford, and Mitsubishi were the top 3 brands, holding a market share of 19.5%, 12.4%, and 11.0%, respectively.   Local car sales in the latter half of 2024 are expected to pick up if the Ministry of Finance (MoF)’s proposal to extend the 50% cut in registration fees for locally manufactured and assembled cars (effective from August 1, 2024, to January 31, 2025) is approved.       The Federati...

Market & Tech Reports  Updated at: 2024/08/20

revenue growth. (Reported in Q2 2024)   Ford to provide free Tesla charger adapters to US and Canadian EV customers   In February 2024, Ford announced plans to offer free NACS-compliant adapters for its EV customers to use Tesla's superchargers in the U.S. and Canada, and has begun the pre-order registration process for those interested in obtaining one.   Owners of the 2021-24 model year mid-size electric SUV Mustang Mach-E and full-size ele...

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

speed, the electric two-wheeler market can be divided into two categories low-speed electric two-wheelers and high-speed electric two-wheelers.   According to regulations, low-speed electric vehicles fall under the category of Non-Motorised Electric Bicycles (NMEBs). These vehicles do not require registration with RTOs as well as driving licenses. As per the rules of CMVR (Central Motor Vehicles Rules), a low-speed electric two-wheeler can atta...

Market & Tech Reports  Updated at: 2024/07/31