Indonesia: BYD, GAC Aion and VinFast set up EV plants Government provides tax incentives for EVs and HVs, EV battery production grows Summary Electrification policy: In 2025, value added tax, import duties, and luxury goods sales tax reduction for EVs; luxury goods sales tax reduction for HVs Electrified vehicle sales in Indonesia: 2024 BEV sales increase 2.5 times to 43,000 units VinFast, BYD and GAC Aion to build EV plants Increasing production...

Market & Tech Reports  Updated at: 2025/06/13

high-specific energy solid-state batteries in 2028. Outside China, Solid Power Inc. delivered an all-solid-state battery A sample to BMW in October 2023. BMW has announced plans to release a prototype all-solid-state battery model by 2025. Nissan also plans to establish a solid-state battery pilot plant in 2024, and aims to mass produce and launch an all-solid-state battery-powered model by 2028.   (2) Condensed battery   The condensed-type ba...

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

e company ordered a die casting machine with a clamping force of 6,500 tons from UBE Machinery. The exhibited product is a rear underframe. Commercialization is already in the final stages, and preparations are currently underway, including the construction of a new factory building at the Kikugawa Plant (Kikugawa City, Shizuoka Prefecture). Exhibit: Rear underframe Display panel: Rear underframe Forming machine: 6,500 tons Mass: 64.5 k...

Market & Tech Reports  Updated at: 2025/06/03

ACT Expo 2025: Hydrogen and alternative fuels Bosch, Hyundai, Toyota advance hydrogen ecosystem; Daimler, Blue Bird show CNG and propane systems Summary Bosch exhibits fuel cell module and new CryoPump refueling technology cellcentric and EKPO detail next-generation fuel cell modules Forvia, Symbio display StackPack module and hydrogen storage solutions Hyundai and Plus outline autonomous fuel cell freight network strategy Toyota showcases Gen 3 ...

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

with disc brakes. All Mazda models, with the exception of the Mazda 2, are equipped with four-wheel disc brakes.   On the other hand, Daihatsu and Suzuki, whose main production models are mini-vehicles and small cars in the B segment and below, have many models with drum brakes.   In between are Toyota, Nissan, Honda, and Mitsubishi. Many of Mitsubishi's mini-cars and small commercial vehicles for the Japanese domestic market are equipped with...

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

85 150 79 -15.7% Chery 26 33 36 36 37 46 61 65 86 53 38 53 53 107.1% BMW Group 32 30 38 35 25 33 35 41 45 31 31 45 35 8.7% Stellantis 35 37 36 27 24 33 27 24 21 24 27 41 35 1.3% Hyundai-Kia 34 37 36 36 33 33 31 37 31 23 28 42 35 4.3% GAC Group 25 34 30 31 35 43 43 47 74 9 16 26 26 4.4% Toyota Group 22 19 20 19 20 22 21 21 20 15 15 27 24 8.8% Mercedes-Benz Group 26 27 29 22 21 28 26 28 29 23 22 29 24 -8.8% Ford Group 13 14 13 14 1...

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

donesia   Based on data from the Association of Indonesia Automotive Industries (GAIKINDO) and multiple sources, vehicle sales in Indonesia for Q1 2025 totaled 205,160 units, reflecting a 4.7% YoY decline.   In the month of March alone, sales fell 5.1% YoY to 70,892 units. Among the top 5 brands, Toyota led with a 31.7% market share, followed by Daihatsu at 18.4%, Honda at 8.9%, Mitsubishi at 8.1%, and Suzuki at 6.3%.   This decrease followed ...

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

ced in February 2025, six BEV models will be introduced in Japan and four in India and Europe by FY2030. In November 2024, Suzuki Motor Corporation (Suzuki) already announced its first mass-produced EV, the “e VITARA”. Production is scheduled to start in the spring of 2025 at Suzuki’s Gurgaon Plant in India, with sales to begin in India, Europe, and other countries around the world from the summer onwards. In July 2024, Suzuki Motor Corpor...

Market & Tech Reports  Updated at: 2025/05/15

Large automotive groups’ original sub-brands, such as Deepal, Avatr, Fang Cheng Bao, Arcfox, and Voyah, saw considerable sales volumes. Driven by China’s national consumption promotion policies, many provinces and cities issued and gradually implemented related policies. Coupled with increased plant subsidies and financial support from automakers and the launch of offline events such as motor shows, the vehicle market trended well in April 2...

Market & Tech Reports  Updated at: 2025/05/14

Thailand: Tax Incentives for PHVs, HVs, and MHVs in addition to EVs Chinese OEMs expand EV production; Changan, Chery to start up new plants Summary Thai government policies: Tax incentives for HVs, MHVs, and PHVs EV sales in Thailand slow in 2024, HV sales grow 1.5-fold Chinese OEMs: Launching HV and PHV models in addition to BEVs Chinese OEMs: BYD and GAC Aion start operation of EV plants in Thailand Thai production in 2025 is expected to incre...

Market & Tech Reports  Updated at: 2025/05/12

Bangkok International Motor Show 2025 (2) Japanese & European OEMs Mitsubishi, Mazda, Honda, Nissan, Suzuki, Isuzu, and others Summary Mitsubishi: Xforce HEV Mazda: Iconic SP compact electric sports car Honda: e:N1 and City Hatchback DRIVAL Nissan: Serena e-POWER Suzuki: Swift and Carry Isuzu: Dragon Max pickup truck Toyota: Hilux Champ, Lexus RX 450h+ PHEV Ford: Everest Sport Special Edition Hyundai: N Line Series Volvo: XC90 PHEV and EX90 BEV ...

Market & Tech Reports  Updated at: 2025/05/08

Auto Shanghai 2025: Japanese OEMs Electrified vehicles from Toyota, Honda, Nissan, and Mazda Summary Toyota: World premiere of the Lexus ES and bZ7 with Huawei technology Honda: World premiere of the flagship model of the Ye series, equipped with DeepSeek Nissan: Unveils PHEV pickup truck for the first time and announces investment of approximately JPY 200 billion in the Chinese market Mazda: Unveils second NEV model, EZ-60, to be released in 202...

Market & Tech Reports  Updated at: 2025/05/07

automobiles and automobile parts based on Section 232, are exempt.   According to MarkLines data, new car sales volume in the United States was approximately 16.49 million units (2024), with Japanese automakers accounting for 35.9% and American automakers 33.6%, with the top three groups being GM, Toyota, and Ford. Approximately 6.44 million vehicles (in 2024) were imported (excluding imports from Canada), with GM, Hyundai, and Toyota being the ...

Market & Tech Reports  Updated at: 2025/05/02

5%. Trends in electric vehicle sales: EVs including HEVs grow by nearly 70% Sales volume by OEM: Nissan maintains top share, followed by GM and VW Chinese OEMs: Accounting for about 10% of domestic sales in Mexico in 2024 U.S. OEMs: GM and Ford sales up, Stellantis sales down Japanese OEMs: Nissan, Toyota, Mazda, and Honda experience double-digit y/y growth Volkswagen Group (VW): Significant sales growth for the second consecutive year; Indian-ma...

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

ion volumes are also falling. European and North American OEMs have significantly reduced production in the European region, reflecting sluggish demand. Meanwhile, Chinese manufacturers are expected to increase in production due to higher export volumes and newly announced innovative technologies. Toyota GroupHaving dropped in 2024, the group’s global output is anticipated to subsequently stabilize at 10 mn units in the medium to long term. We...

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

.1% Chery 20 26 33 36 36 37 46 61 65 86 53 38 53 166.5% BMW Group 40 32 30 38 35 25 33 35 41 45 31 31 44 8.5% Stellantis 48 35 37 36 27 24 33 27 24 21 23 27 41 -15.4% Hyundai-Kia 38 34 37 36 36 33 33 31 37 31 23 28 40 4.0% Mercedes-Benz Group 31 26 27 29 22 21 28 26 28 29 23 22 29 -4.8% Toyota Group 24 22 19 20 19 20 22 21 21 20 15 13 27 14.1% GAC Group 30 25 34 30 31 35 43 43 47 74 9 16 26 -13.4% Ford Group 15 13 14 13 14 15 17 1...

Market & Tech Reports  Updated at: 2025/04/25

rimarily in cash in Zenuity, a 50:50 joint venture, while Volvo Cars will primarily supply the intellectual property and staffing. Zenuity is headquartered in Gothenburg, Sweden, with additional offices in Munich, Germany, and Detroit, U.S. Footprint Development:   Since the construction of a new plant in Southfield, Michigan, U.S., in 2017, the company had not built any new airbag related manufacturing facilities for some time in order to conc...

Market & Tech Reports  Updated at: 2025/04/24

ology co-creation, vehicle and battery aftermarket, overseas business expansion, and vehicle-electricity separation. China FAW Group Micro commercial vehicle project On March 20, 2025, the FAW Group announced the commencement of construction of the FAW Jiefang Qingdao Micro Commercial Vehicle Plant in Qingdao, Shandong Province. Two types of vehicles, gasoline-powered and NEV, will be produced, with a planned annual production capacity of 1...

Market & Tech Reports  Updated at: 2025/04/24

en vehicle testing irregularities hit vehicle production and sales. However, in March, the selling rate continued its decline MoM, falling to 3.8 mn units, down 24% from January. This sharp drop can partly be attributed to another disruption to vehicle supply, which was caused by an accident at the plant of Chuo Spring, one of the major suppliers of Toyota/Daihatsu/Suzuki. The Korean LV market is trending upwards, with the selling rate having imp...

Market & Tech Reports  Updated at: 2025/04/18

ent, such as value assessment and business models, can be conducted.   Participating organizations: Institute of Behavioral Sciences (IBS) Lightweight Planning Institute; the Ministry of Land, Infrastructure, Transport and Tourism; Suzuki Motor Corporation; newmo, Inc.; West Japan Railway Company; Toyota Corolla Oita Co., Ltd.; Nomura Real Estate Development Co., Ltd.; GeoTechnologies, Inc.; Tier IV, Inc.; SC-Abeam Automotive Consulting; Gunma P...

Market & Tech Reports  Updated at: 2025/04/18