s an unlisted 100% privately-held company of Sumitomo Corporation. Formerly, the company was a Honda-affiliated parts manufacturer. In the past, Honda held about 80% of the shares, but in July 2019 it was announced that it would change from a Honda affiliate to a Sumitomo Corporation affiliate. The stock acquisition was completed in September 2019, and a collaborative kick-off was carried out by Asama Giken, Kiriu, and Sumitomo Corporation. The s...

Market & Tech Reports  Updated at: 2025/05/29

. automakers to consider raising prices after June, and if the prolonged trade war makes higher import costs and lower inventory levels a reality, higher selling prices are inevitable. The total inventory in mid-April was 2.57 million units. Due to the rush of demand in March, the number of days in stock for major brands has been significantly reduced, and attention is being paid to future trends in inventory numbers, especially for imported cars...

Market & Tech Reports  Updated at: 2025/05/26

US trade partners, has heightened global trade war concerns. This situation presents substantial challenges and potentially harmful consequences for various Western European economies, many of which depend heavily on the US for a significant portion of their exports. Added to which, the recent the stock market sell off will have negative wealth effects. GlobalData has lowered the outlook for 2025, projecting car sales to fall short of 2024’s t...

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

ico City, Mexico, formerly named Sanluis Corporation S.A.B. de C.V. / Sanluis Rassini S.A. de C.V. In addition to brake discs, Rassini also produces brake drums and brake hubs. In July 2009, Brembo made Brembo Rassini S.A. de C.V. a wholly owned subsidiary. The company acquired 24% of the company's stock from Sanluis Rassini for USD 1.8 million. Brembo Rassini is a Mexican brake disc manufacturer. Along with becoming a wholly owned subsidiary, th...

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

he Korean market improved for the second consecutive month after being hit by President Yoon’s aborted martial law in December. The February selling rate picked up to 1.66 mn units/year, close to the pre-political crisis rate of 1.7 mn units/year. After the initial shock from the martial law, the stock market has regained the lost ground and the won has stabilized. Korea’s resilient consumers appear to be already used to the ongoing political...

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

a range of 160 km. 450X electric scooter frame Rizta electric scooter   Founded in 2017, Ola Electric Mobility Limited is one of the leaders in India's electric two-wheeler market. In August 2024, the company went public with an initial public offering (IPO) and was listed on the Indian stock exchange. Ola Electric has also developed various e-mobility technologies, including battery cells, operating systems, and motors.   Ola manufa...

Market & Tech Reports  Updated at: 2025/03/13

he market leader in 2024 with a 46.7% market share, followed by Mitsubishi Motors (19%) and Ford (6%).   CAMPI president said the overall market remains on track to sustain growth in 2025. The positive results that reflected the continued strength of the industry were driven by good sales and good stock availability, neutralizing the impact of Typhoon Kristine on the operations of local dealers. Meanwhile, local experts believed that the good si...

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

-backed Pony AI announced that it plans to expand the size of its initial public offering (IPO) in the United States, aiming for a valuation of up to USD 4.55 billion. Multiple media outlets reported the news on November 21. This demonstrates the company's strong desire to be listed on the New York Stock Exchange (NYSE), something it has been working towards for many years.   While Trump's reelection has brought uncertainty to large equity offer...

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

Group is reviewing its cross-shareholdings, and Aisin sold its cross-holdings in Denso Corporation (Denso), Toyota Boshoku Corporation (Toyota Boshoku), Toyoda Gosei Co., Ltd. (Toyoda Gosei), Aichi Steel Corporation (Aichi Steel), and other companies in 2024. The company also sold all of its common stock holdings in EXEDY Corporation (EXEDY), an equity-method affiliate, and terminated the equity relationship. By 2025, Aisin plans to shift resourc...

Market & Tech Reports  Updated at: 2024/12/24

n may limit market momentum. Despite the optimism surrounding the festive and wedding periods, there are concerns within the passenger vehicle segment about possible slowdowns, as some customers may postpone purchases in anticipation of year-end discounts. Moreover, challenges such as inventory overstock and broader economic uncertainties could impact sales growth.   As of the end of October 2024, passenger vehicle inventory at dealerships remai...

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

models MG Motor Indonesia launched the ZS EV subcompact electric SUV and the MG4 EV hatchback EV CKD models in January 2024. The MG ZS EV was the first electric vehicle (EV) model to be assembled at the MG Motor plant in Cikarang, West Java. Vietnam KD plant In February 2023, TMT Automobile Joint Stock Company (TMT Motors) signed a strategic cooperation agreement with SAIC-GM-Wuling (SGMW). The two companies announced that the agreement regards...

Market & Tech Reports  Updated at: 2024/12/20

pps -- Cing Mobile Table 3.12: Pateo Connect+ financial data, 2021 - 2023 Fiscal year 2023 2022 2021 Annual profit (CNY millions) -284 -452 -372 Total operating revenues(CNY millions) 1,496 1,218 864 Total operating costs (CNY millions) 1,265 1,047 680   According to Pateo Connect+'s stock market listing application documents, the company's three consecutive years of losses are attributed to the company's extensive investment and e...

Market & Tech Reports  Updated at: 2024/12/19

0,765 passenger cars and 253,542 commercial vehicles). The top 3 brands in the market were Toyota, Mitsubishi Motors, and Ford.   CAMPI president said in August that local vehicle sales in 2024 may exceed its target of 468,300 units to reach a record high of 500,000 units. Sales were pushed by new stock arrivals and improved promotions from the brands. Automotive companies were preparing to introduce their latest models at the Philippine Interna...

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

uture technology advances may change these decisions.   The rest of the links are comments and perspectives from Tesla's robotaxi introduction events. Nearly all these articles and many others are very skeptical of Tesla's timeline and were disappointed by the lack of detailed information. Tesla's stock price dropped 8% following the robotaxi announcement although it has since risen from its subsequent earnings call.   You may not be aware of t...

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

ar downward due to the recall and delivery stop linked to the defective Integrated Brake System supplied by Continental AG. This recall will impact over 1.5 million vehicles and result in a large amount of warranty costs in Q3 2024. Of 1.5 million vehicles, delivery stops affect one-third of dealer stock (around 320,000 units), which may impact global sales for H2 2024. Moreover, weaker Chinese consumer sentiment has a negative sales effect. In N...

Market & Tech Reports  Updated at: 2024/11/18

rtment; and General Manager, Program Management Department, Japan-ASEAN Planning Division, Nissan Motor Co., Ltd.   Changing business models   The business model for automobiles has changed from a one-time sale of cars by dealers (flow model) to a post-sales service including regular maintenance (stock model), to a circular relationship between users and OEMs (subscriptions, car leasing, app sales, etc.), and to one that provides customer life ...

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

many, is a mega-supplier of thermal management (HVAC, engine cooling systems, battery cooling systems), engine related components (Mahle Powertrain - MPT), and various filters. Mahle Behr GmbH & Co. KG (Mahle Behr) is responsible for the thermal management division (Mahle holds 77.46% of Mahle Behr stock, as of December 31, 2023), and is a major automotive HVAC supplier along with Valeo. From October 2013, the Behr Group, a leading automotive air...

Market & Tech Reports  Updated at: 2024/11/07

ent pilot program regarding road passage for Intelligent Connected Vehicles (ICVs). GAC Trumpchi and GAC Aion will be the vehicle operators, and OnTime will be the user operator, providing L3 autonomous driving services. In July 2024, Chenqi Technology Limited (OnTime) was listed on the Hong Kong Stock Exchange. The proceeds from the listing will be used primarily for research and development of autonomous driving and Robotaxi operation service...

Market & Tech Reports  Updated at: 2024/10/30

y, passenger car sales for September were down 3.3% y/y to 148,000 units for Maruti Suzuki, up 14.1% to 71,000 units for Mahindra, down 15.0% to 70,000 units for Tata, and down 5.8% to 51,000 units for Hyundai. Hyundai Motor India Ltd. (HMIL), Hyundai's Indian subsidiary, was listed on the National Stock Exchange of India Limited (NSE) in Mumbai on October 22. It raised USD 3.3 billion, making it the largest initial public offering (IPO) in India...

Market & Tech Reports  Updated at: 2024/10/28

hizuoka Prefecture, that manufactures mainly airbags and interior and exterior parts. Honda previously held a 20% stake in Nihon Plast, but in August 2013 Nihon Plast bought back all of the outstanding shares held by Honda. In December, 2017, the company was listed on the First Section of the Tokyo Stock Exchange. The company’s main products are plastic products, including instrument panel-related parts and trim parts, airbags, and steering whe...

Market & Tech Reports  Updated at: 2024/10/25