icle (NEV) support measures starting from January and the impact of the Chinese New Year holiday in late February, excessive price reduction of BEVs and PHEVs is being restrained in response to intensive competition in the Chinese market, leading to ongoing uncertainty beyond March.   xEV sales in Thailand have fallen sharply by 77.9% compared to the previous month, down to 11,000 units, but this is an increase of 6.4% compared to the same month...

Market & Tech Reports  Updated at: 2026/03/27

oth year-over-year and month-over-month, supported by strong sales growth in Japan and the UK.   In China, sales of electric vehicles plummeted in January due to changes in the sales promotion policies for New Energy Vehicles (NEVs: BEVs, PHEVs, FCEVs (fuel-cell electric vehicles)). Conversely, in Thailand, Chinese car sales increased significantly in the final month of incentives under the EV 3.0 scheme (EV promotion measures). It is necessary ...

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

Chinese OEMs Dominate BEV Market in Thailand with Over 20% Share Rapid growth of NEVs, expanding product lineup from SUVs to pickup trucks Summary Chinese vehicle sales grow 5.2 times in 5 years Analysis of sales volume by OEM: Chinese OEMs enter Top 5, Japanese OEM volume shrinks NEV Ranking: Chinese OEMs lead the way in BEVs and PHEVs Product trends: From compact EVs to a full-scale product lineup Switching from exporting Chinese-made models to...

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

ASEAN Vehicle Sales and Production Update (Q4 2025) Improving thanks to EV policy support and strong year-end demand, with Chinese OEMs on the rise Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - December 2025 Thailand BEV sales by OEM ASEAN News Topics (Q4 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailan...

Market & Tech Reports  Updated at: 2026/02/20

Expanding Chinese Parts Supplier Presence in Thailand Status of Thailand Board of Investment (BOI) approval for automotive-related projects in 2025 Summary BOI project approvals in 2025 (Automotive): Nearly 100 are Chinese suppliers List of BOI-approved companies in 2025 (automotive): EV and charging-related projects, etc. Thailand Automobile Market Overview   According to an announcement by Thailand’s Board of Investment (BOI), the total numb...

Market & Tech Reports  Updated at: 2026/02/17

Thailand International Motor Expo 2025 (2) Japanese OEMs and Others Mitsubishi, Mazda, Suzuki, Nissan, Toyota, Honda, Isuzu, Hyundai, NEX Point, etc. Summary Mitsubishi：XFORCE HEV, Xpander HEV, Xpander Cross HEV Mazda: Mazda6e (mass-production BEV) Suzuki: Fronx, Swift Nissan: X-TRAIL e-POWER x e-4ORCE Toyota: Hilux Travo (pickup truck), Hilux Travo-e (BEV) Lexus: Lexus RZ, Lexus LX 500d Honda: CR-V e:HEV (HuNT Series) Isuzu: D-MAX X-SERIES BMW...

Market & Tech Reports  Updated at: 2026/01/27

Thailand International Motor Expo 2025 (1) Chinese Manufacturers Changan, BYD, Chery, DFSK, GAC, Geely, GWM, Leapmotor, SAIC, XPeng Summary Changan: Premium SUV "AVATR 07," "DEEPAL S05 Max Long Range" BYD: Off-road SUV "Denza B5," Urban SUV "BYD TI7" Chery: Electric SUV "Chery V23 Retrocube Edition," 7-seater SUV "TIGGO 8 CSH PHEV" Omoda & Jaecoo: Multi-purpose SUV "Jaecoo 6T EV," Humanoid Robot "Mornine" DFSK (Seres Group): Mid-size SUV "E5 Plus...

Market & Tech Reports  Updated at: 2026/01/16

roduction volume India: Motorcycle production at 23.9 million units; electric motorcycle sales exceed 1.2 million units China: Motorcycle production 19.97 million units, electric vehicle sales decrease, large-displacement vehicle sales increase Indonesia: Motorcycle production nears 7 million units Thailand: Motorcycle production at 2.4 million units level, significant increase in CKD for export Production and sales volume in Vietnam, the Philipp...

Market & Tech Reports  Updated at: 2025/12/25

ew Energy Technology Co., Ltd. The company's main products are automotive HVAC, powertrain cooling, and battery thermal systems. HVAC-related products include HVAC units, condensers, plastic ducts, and piping. The company has more than 30 manufacturing, R&D, and sales sites in China, North America, Thailand, India, Japan, and Europe. Manufacturing sites are located in China, India, Thailand, North America, Slovakia, and other countries. In 2018, ...

Market & Tech Reports  Updated at: 2025/12/22

aft and the bearing bushing with outer projection are being produced by TPR's joint venture in China for BEVs in China, according to the company. Hollow motor shaft, bearing bushing with outer projection Sigma & Hearts: Hollow motor shaft   Sigma & Hearts Co., Ltd. (Sigma & Hearts) is a Thai-Japanese joint venture established in 1998 based in Bangsaothong, Thailand, and this was the first time the company exhibited in Japan.   The co...

Market & Tech Reports  Updated at: 2025/12/17

ASEAN Vehicle Sales and Production Update (Q3 2025) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - September 2025 Thailand BEV sales by OEM ASEAN News Topics (Q3 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand, Malaysia and Vietnam include revisions from ...

Market & Tech Reports  Updated at: 2025/11/25

aler installed navigation systems are for Honda. To proceed with its global strategy, FCE aims to strengthen its development and manufacturing footprint in China, other countries in Asia, and Latin America, making China a central base for low-cost navigation system development and manufacturing; in Thailand, a new plant began operations in 2012. For FCE, in addition to its existing base in China, by utilizing Coagent’s development center, its d...

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

November 2020. The company will supply products to local Japanese automakers such as Toyota and Daihatsu. Toyoda Gosei Indonesia is a joint venture (JV) with the major local parts supplier, PT. Astra Otoparts Tbk (Astra Otoparts), with an 80% ownership by Toyoda Gosei and 20% by Astra Otoparts. The Thai Binh plant of Toyoda Gosei Haiphong Co., Ltd. (TGHP), its second manufacturing subsidiary in Vietnam, began operations in July 2019. The plant ma...

Market & Tech Reports  Updated at: 2025/10/27

d. (Guangzhou Koito) was established in Guangzhou, Guangdong Province, China. 2014: Hubei Koito Automotive Lamp Co., Ltd. (Hubei Koito) was established in Xiaogan, Hubei Province, China. Asia: The company’s production in Asia is carried out by a subsidiary in India and joint ventures in Taiwan, Thailand, Indonesia, and Malaysia. Americas: Koito manufactures automotive lighting equipment at four plants in the United States, Mexico and Brazil. ...

Market & Tech Reports  Updated at: 2025/10/20

main customer, Mitsubishi Motors Corporation and its Okazaki Plant. The company has three overseas manufacturing sites: MHI Automotive Climate Control (Shanghai) Co., Ltd. and MHI Automotive Climate Control (Changshu) Co., Ltd. for electric compressors in China, and MHI Automotive Climate Control (Thailand) Co., Ltd. in Thailand. [Recent Activities] Traditionally, Mitsubishi Heavy Industries has received 100% of the orders for air conditioni...

Market & Tech Reports  Updated at: 2025/10/07

ng base concept one step further, attempting to create a global standard for structural seat frame parts for export to the entire Asia region including Japan.   Regarding the trends to establish new and expanded production bases and open development functions in the growth markets of China, India, Thailand, Indonesia, and Brazil, there was a move to establish a joint venture between Toyota Boshoku and Germany's AUNDE Group SE seen in 2019 and it...

Market & Tech Reports  Updated at: 2025/09/27

site activities: 17 production sites for electric power steering (Japan: 2, Americas: 3, Europe: 3, Africa: 1, Asia: 3, China: 5) Breakdown Japan 2 (Hanazono Plant, Nara Plant) Americas 3 (U.S. (Tennessee), Mexico, Argentina) Europe 3 (France 2, Czech Republic) Africa 1 (Morocco) Asia 3 (India, Thailand, Malaysia) China 5 (Tianjin City; Xiamen City, Fujian Province; Xinxiang City, Henan Province; Changchun City, Jilin Province; Taiwan) U.S....

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

ASEAN Vehicle Sales and Production Update (Q2 2025) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - June 2024 Thailand BEV sales by OEM ASEAN News Topics (Q2 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand and Malaysia include revisions from past periods. ...

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

inesses in China have been conspicuous. Adient: End of joint venture with Yanfeng Automotive Trim Systems Co., Ltd. and acquisition of a subsidiary of the joint venture. Forvia SE joint venture with BYD expanded with the opening of its seventh plant and the construction of a seat assembly plant in Thailand. Magna: Acquisition of Chongqing Honglizhixin Technology Development Group Co., Ltd. Establishment of joint venture with Guangdong Huatie Ton...

Market & Tech Reports  Updated at: 2025/08/06

Mitsubishi Motors: Strengthening HEVs in Thailand, Foxconn supplying BEVs Launching next-generation Nissan Leaf-based BEV produced in the U.S. Summary "Challenge 2025" - Mid-Term Business Plan: Shift from the aggressive launch of BEVs to the enhancement of HEVs and PHEVs Japan market: Double-digit year-over-year growth in 2024, aiming for 80% HEVs and 20% BEVs by FY2030 North American market: Collaboration with Nissan to launch next-generation Ni...

Market & Tech Reports  Updated at: 2025/07/30