January–June dropped 4.6% YoY to 373,636 units, including 347,084 passenger vehicles and 26,552 commercial vehicles. Monthly sales rose by 1.0% in April but went down by 3.2% in May and 5.7% in June. MAA partly attributed the June sales dip to Hari Raya Aidiladha holiday, which led to a week-long shutdown at major automotive plants. The overall H1 decline was also influenced by a high base effect following 2024’s record total industry volume ...

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

-Based Systems Engineering (MBSE), which adds CC (Continuous Commissioning) to the usual CI/CD* to create CI/CD/CC. CC features include additional maintenance functionality (compatible vehicle records and timelines, SaaS support through OTA deployment and order history, and automation/monitoring of shutdowns, monitoring, charging, and changes) (Figure 10).   CI/CD*: Continuous Integration/ Delivery & Deployment   It illustrates the state of AI-...

Market & Tech Reports  Updated at: 2025/08/01

itted to its efforts to exit from decades of ultra-loose monetary policy, which could dampen sales this year as well. The Korean market started the New Year on a sluggish note, amid the ongoing political crisis, increasing global uncertainty, and a slowing economy. Renault Korea’s temporary plant shutdown for retooling affected its local sales as well. The January selling rate was 1.56 mn units/year, flat from December. Due to the crisis, the w...

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

decelerated further in July after a sluggish H1 2024. The July selling rate was 1.48 mn units/year and sales declined by 2.8% in July and nearly 10% YTD. Behind the weak sales so far this year were: 1) the pull-ahead effect of the temporary tax cut last year, 2) Hyundai and Kia’s temporary plant shutdown for retooling earlier this year, 3) high interest rates, 4) weaker model activities in H1 2024, and 5) supply shortages of some popular impor...

Market & Tech Reports  Updated at: 2024/08/15

with the two automakers starting to normalize production, sales are expected to rebound as soon as supply catches up. The Korean market continued to disappoint. In February, the selling rate was only 1.58 mn units/year and sales plunged by 22% YoY. Behind weak sales were Hyundai’s temporary plant shutdown at its Asan plant for retooling and the Lunar New Year holiday – and most importantly, the cooling of consumer sentiment amidst high financ...

Market & Tech Reports  Updated at: 2024/03/18

s Day also caused some supply-chain disruptions. The Korean market started the New Year with disappointing results as well. The selling rate decelerated sharply for the second month in a row to 1.46 mn units/year in January. The slowdown can be attributed at least partially to Hyundai’s temporary shutdown of its Asan plant for retooling, but also to weakening demand, as the lagged and full impact of high interest rates is now hitting consumer s...

Market & Tech Reports  Updated at: 2024/02/21

nnounced the entry of its premium brand Exeed into the Brazilian market in March 2023. The models to be introduced are the RX, a PHV that uses the new-generation DHT, and the E03 and E0Y, EVs based on the E0X platform. The company will continue to combine EVs and PHVs and expand product launches. Shutdown of KD plant In May 2022, several Brazilian media reported the shutdown of the CAOA Chery Brasil Jacarei plant (formerly Chery Brazil), which ...

Market & Tech Reports  Updated at: 2023/06/19

the management consulting firm Arthur D. Little 2 QUESTIONS FOR … Are you currently concerned about what is happening in China with regard to their Covid strategy? SCHMITZ_ One of China’s main objectives in lifting the Covid restrictions was to initiate economic recovery, since the rigorous shutdowns of plants and local lockdowns at the slightest indication have severely disrupted their economy and supply chains. The calculation behind th...

Market & Tech Reports  Updated at: 2023/06/19

type vehicle rolled off the line. The company plans a total investment of CNY 23.1 billion for the NEV project, with the first model scheduled to go into production at the end of 2023. The total number of employees in 2023 is expected to be 3,500, including 1,300 R&D engineers. Transmission plant shutdown Multiple media outlets reported on November 17, 2022, that the Volkswagen Transmission (Shanghai) Co., Ltd., which manufactures manual transm...

Market & Tech Reports  Updated at: 2023/01/26

The Battery Show Europe 2022, organized by © 2022 Informa Markets, a trading division of Informa PLC.)   Following functional critical components from Miba are applied in above electric vehicle model: DISresistors®: resistors in front and rear, that discharge the DC-Link capacitors after the shutdown of an electric car PREresistor®: premium high power resistor in wire wound technology for safe and fast pre-charging of the intermediate cir...

Market & Tech Reports  Updated at: 2022/08/04

o produce Peugeot, Citroen and Opel models, was operating as of March 4 with its 2,500 employees. Stellantis has been in contact with all 71 employees it has in Ukraine, and Tavares said they are safe. Other OEMs Hyundai On March 4, multiple sources reported that Hyundai Motor will continue the shutdown of its St. Petersburg, Russia plant due to ongoing global logistics issues with components delivery. The St. Petersburg plant was shut down ...

Market & Tech Reports  Updated at: 2022/05/06

ry (the eighth consecutive month of contraction). After a weak start to the New Year, sales in Korea accelerated in February. The February selling rate was 1.67 mn units/year, up 10% from a weak January. The improvement in sales was expected, as a slump in January was caused mainly by the temporary shutdown of Hyundai’s Asan plant (to upgrade the facility for production of the IONIQ 6 BEV). The easing of supply issues, including the chip shorta...

Market & Tech Reports  Updated at: 2022/03/16

ive month of decline. While the supply of semiconductors continued to improve, the soaring cases of the Omicron variant disrupted production and sales. The Korean market started the New Year on a weak note with the January selling rate at 1.5 mn units/year, impacted largely by Hyundai’s temporary shutdown of its Asan plant (to upgrade the facility for BEV production). In YoY terms, sales declined by nearly 20% in January, the 11th consecutive m...

Market & Tech Reports  Updated at: 2022/02/21

1.8 mn units/year in H1 2021. In YoY terms, sales declined by 4% in August and nearly 4% YTD, due partially to a high-base effect. Parts shortages and insufficient supply of imported vehicles were behind weak sales. Moreover, Hyundai’s production didn’t rebound as strongly as expected after the shutdown of the Asan plant in July (for retooling the facility for BEV production). South America Brazilian LV sales were down by 9% YoY in August, ...

Market & Tech Reports  Updated at: 2021/09/14

tioning of intellectual property rights.” In the mobile network systems required for autonomous driving a “ban on the use of individual components based on standard patents, for example in the current case of the mobile network modules, inevitably leads to sales coming to a halt and therefore a shutdown of production of the vehicle models affected, with serious economic consequences for the carmakers and their supply chain,” as Bratzel says...

Market & Tech Reports  Updated at: 2021/07/30

aux Plant, France According to the Archyworldys report on March 23, 2021, Stellantis planned to suspend production lines at the Sochaux Plant in France during the night of March 28 to 29, and all day on March 29. This is the second time that the plant had to suspend production, following an all-day shutdown on March 16. This interruption prevented the production of around 3,500 vehicles. The plant assembles the Peugeot 308, 3008, 5008 and the Ope...

Market & Tech Reports  Updated at: 2021/04/08

dor defined on the basis of the EA189 could be too narrow. Therefore, in the opinion of the experts, the data used in temperaturedependent emission control systems should always be subjected to an individual test based on the latest technology. This probably also applies to the software updates and shutdown devices for the SCR retrofit solutions recently approved by the German Federal Motor Transport Authority (KBA).   The latter provides an...

Market & Tech Reports  Updated at: 2021/03/29

e Vehicle announced that it would raise approximately HKD 4 billion in investment funding through the issuance of shares to several investors including Tencent, Sequoia Capital, YF Capital (Alibaba), and DiDi Chuxing. Shengteng Auto(Formerly: Byton) New company to be established after plant shutdown ・Byton has suspended its operations in China from July 1, 2020 according to multiple media reports. Apparently Byton has also started legal...

Market & Tech Reports  Updated at: 2020/12/18

ural areas than in urban areas. In addition, the company is currently working with 36 partner financial institutions on a campaign to uncover potential customer demand in terms of down payments and interest rates.   Secondly, there were delays in the supply of parts from overseas, which led to the shutdown of plants in Japan in April and May. Also, Suzuki will work with suppliers to strengthen its production system for critical situations such a...

Market & Tech Reports  Updated at: 2020/10/15

8, but picked up toward the end of the year, surpassing the previous year’s level. However, sales plunged by 42.8% y/y during the period from January to May 2020 as a result of the impact of the COVID-19 pandemic. Production of 2.4 million vehicles was lost by the end of May 2020 in the EU due to shutdowns at vehicle plants across European countries under lockdown. After the plants resumed production, their operating rates have remained below t...

Market & Tech Reports  Updated at: 2020/07/28