Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

Market & Tech Reports  Updated at: 2025/04/30

Chinese Market 2024 Sales Ranking by Model C and D segment NEV models dominate sales Summary 2024 Sales Ranking by Model C and D segment NEV models dominate sales In terms of new car sales volume (factory shipments) in China in 2024, Tesla's Model Y was first in the rankings by model, following its ranking in 2023. In second place was BYD's Song PLUS, followed by BYD's Seagull in third place. BYD models accounted for nine of the top 20 models, a...

Market & Tech Reports  Updated at: 2025/03/14

Chery: Jump in NEV Sales; Promoting Intelligent Technology 2nd place in passenger car sales; top in exports for 22 consecutive years Summary Revenues and sales: Revenues exceed CNY 480 billion, jumping to second in passenger car sales in China Core Technology: Shift from electrification to intelligent vehicles; accelerating AI Overseas Trends: No. 1 in passenger car exports for 22 consecutive years, building a plant in Spain Chery Group's sales v...

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

Chinese Market 2024: Sales Volume 31.4M units, Chinese OEMs Share over 65% BYD leads the pack; Seres, in development partnership with Huawei, sees significant growth Summary 2024 vehicle sales in China up 4.5% y/y to 31.4M units Sales by group: BYD tops the list, Geely and Chery perform well Passenger car market: Chinese-OEMs share exceeds 65% Sales by vehicle type : SUVs account for 53.8% of the PV market; many BYD in the Top 10 sedans and hatch...

Market & Tech Reports  Updated at: 2025/02/19

Chinese OEM Overseas Expansion Activities: Chery, Changan Chery maintains top position in export volume; Changan building first overseas plant in Thailand Summary Chery: Exports to average 90K+ units per month in 2024, with KD plants built in various regions Changan: Announces overseas strategy, to start operations in Thailand in Q1 2025 Export of various Chery brand vehicles (Source: Chery)   According to a report by the China Associat...

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

Analysis Report: Power Steering (Chinese Market) EPS continues to evolve and Steer-by-wire awaits popularization List of Suppliers Introduction I. Overview II. Overview of major power steering suppliers III. Global development of major power steering component suppliers IV. Major power steering suppliers and their customer OEMs V. Installation status of products from major power steering suppliers VI. Sales comparison of major power steering supp...

Market & Tech Reports  Updated at: 2024/09/27

ASEAN (1) EV Promotion Policies; Increasing Entry of Chinese OEMs Thailand: BYD and Wuling begin EV production, Indonesia: Hyundai and LGES build JV battery plant Summary Electrification policies and EV launch plans of ASEAN countries (Overview) Introducing EVs to the ASEAN market and building manufacturing sites Thailand's electrification policy: New EV preferential policies to be implemented from 2024 to 2027 Indonesia's electrification policie...

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

Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M BYD up 28.5% to 1.6M units, non-Chinese OEMs struggle, and exports increase Summary New vehicle sales in H1 2024 up 6.1% y/y to 14,045,000 units Sales by Group: SAIC's share is 12.7%, BYD 11.5%, and Geely in the top 5 Market share by vehicle type: SUVs at 45.0%, commercial vehicles steady Passenger car market: Chinese automakers have 62.5% share; BYD leading with 1,607,000 unit...

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

Chinese Market 2023: Sales Exceed 30m; BYD Dominates NEV Market Chinese OEM market share nears 60%, exports at 5.22m record high Summary Forecast sales volume exceeded 30 million units for the first time in 2023, expected to exceed 31 million units in 2024 2023 sales volume by group: BYD jumps to 3rd place, Dongfeng moves out of 5th place Passenger car market in 2023: Chinese automakers capture a share of nearly 60%, with BYD at the top with over...

Market & Tech Reports  Updated at: 2024/03/06

ASEAN Vehicle Sales and Production Update (Q4 2023) 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- December 2023 Thailand BEV sales by OEM ASEAN News Topics (Q4 2023)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Thailand International Motor Expo 2023 (2) (Dec. 2023)Th...

Market & Tech Reports  Updated at: 2024/02/16

China Market H1 2023: New Vehicle Sales at 13.24 Million, NEV Sales Up 44.1% to 3.747 Million BYD up 94.2% to 1.256 million; Japanese automakers slumping, Chinese exports growing Summary New vehicle sales in H1 2023 up 9.9% y/y to 13.24 million units Sales by Group: SAIC's share fell to about 15%, while BYD rose to third place with a 94.2% sales increase Market share by vehicle type: SUVs at 42.8%, MPVs share rising Passenger car market: Chinese ...

Market & Tech Reports  Updated at: 2023/08/21

ASEAN (1): Accelerating shift to EVs, and market entry of Chinese OEMs Thailand introduces subsidies for EVs; SK On and LGES to build battery plants in Indonesia Summary ASEAN countries: EV launch plans (overview) Thailand: Many Chinese manufacturers building EV factories Indonesia: Towards becoming a production hub for EVs and EV batteries Malaysia: Excise and sales tax exemption for locally assembled EVs until 2027 Electrification policies in t...

Market & Tech Reports  Updated at: 2023/08/16

Chery: New intelligent EV brand iCAR; transforming into a global technology company Promoting the Stellar 2025 strategy, launching the C-DM third-generation PHEV system in 2023 Summary Shift to NEV strategy: Full NEV conversion of each brand; Building C-DM, a 3rd-generation hybrid technology Stellar 2025 strategy: 4 areas, 2 platforms, 8 core technologies iCAR Brand: New energy architecture, ecosystem, scenario intelligence Production system: Qin...

Market & Tech Reports  Updated at: 2023/06/21

Chinese OEM Overseas Expansion Activities: SAIC, Chery, Dongfeng, Changan SAIC accelerates electrification overseas as well; Chery to export 50K units by 2025 Summary SAIC Group: Top Chinese OEM exporter for seven years running, Accelerating electrification outside China Chery: Announces a new brand for markets outside China, plans to export 50K vehicles by 2025 Dongfeng Motor: Export volume of passenger cars increased by 38.0% y/y, with Voyah br...

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

ry brand: World premiere of the NEV flagship sedan concept EV "Arrizo Star”   At this year's motor show, the company unveiled its entire series of PHV models, including the Tiggo 9 C-DM, TJ-1C-DM, and Arrizo 8 C-DM equipped with the Kunpeng Super Hybrid System "C-DM" and the NEVs Tiggo 8 PRO and Tiggo7 PLUS. At the same time, the flagship sedan concept EV "Arrizo Star" made its world premiere. Chery New Energy Automotive Technology Co., Ltd. (...

Market & Tech Reports  Updated at: 2023/06/05

Mexico: Investment plans for near-shoring and EV shift Production and sales recover in 2022; Tesla to build new plant for next-gen EVs Summary Accelerated economic collaboration within North America against a backdrop of global supply chain restructuring Production situation in 2022: Year-over-year increase of 9.2% halts long-term slump, 87% of which was for export Tesla: Announces construction of plant in Mexico; Expectations for economic effect...

Market & Tech Reports  Updated at: 2023/04/24

plan to invest in the production of electrified vehicles. Chery Automobile intends to build production facilities for EVs and batteries.   As for activities to add production models, Wuling has begun manufacturing the Air EV, a compact EV. Meanwhile, Chery Automobile has started production of the Tiggo7 Pro and Tiggo 8 Pro SUVs at its partner’s plant in West Java.   Activities to increase production capacity by Toyota, Mitsubishi, Daihatsu...

Market & Tech Reports  Updated at: 2023/01/27

Guangzhou Motor Show 2022: NEV Models from Chinese OEMs Geely, Great Wall, GAC Aion, Jidu, NIO, XPeng, and others Summary Geely Group: New compact EV, large electric MPV Great Wall Motor: Large SUV unveiled GAC Aion: High-end brand Hyper Rising Auto: Unveiled R7 from SAIC Group's EV brand BAIC Group: BJ60 and ARCFOX αS Chery: PHV from Jetour brand unveiled Jidu Auto: Debut of the ROBO-02 concept model NIO: All New es8 XPeng: G9 Li Auto: Flagsh...

Market & Tech Reports  Updated at: 2023/01/19

Chery: Strategic alliances with high-tech companies, exporting 500,000 units by 2025 Sales exceeded 500K units in Jan-July, top Chinese auto exporter for 18th year in row Summary Overview of Chery Holding: Capital increase at the end of 2019, to become a non-state-owned holding company Strategic plan: Learning production methods from Toyota, business models from Tesla, and focusing on developing intelligent cars and NEVs R&D: Accelerating the dev...

Market & Tech Reports  Updated at: 2021/08/31

Auto Shanghai 2021: BAIC, Changan, GAC, Chery BAIC model co-developed with Huawei, GAC Trumpchi and Hycan brand new models, Chery concept models Summary BAIC Group: Debut of “Arcfox αS Huawei HI”, a joint development with Huawei Changan Automobile: 14th Five-Year Plan’s business plan and 2030 Vision announced; debut of second-generation CS55 PLUS and Oshan X7 PLUS GAC Group: Debut of models including GAC Aion "Aion Y" and Hycan "Z03" Cher...

Market & Tech Reports  Updated at: 2021/05/25