elopment of immersion cooling solutions (liquid dielectrics) since 2022, and are currently conducting field tests to verify their performance during ultra-fast charging. In July 2024, Valeo sold its Thermal Commercial Vehicles business unit in accordance with a EUR 500 million asset sale plan. This transaction was completed on June 30, 2024, for a sale price of EUR 212 million. In February 2024, the Valeo Group announced new cost reduction measur...

Market & Tech Reports  Updated at: 2026/03/30

15.6 mn units/year in February, from 14.7 mn units/year in January. The market continued to be held back by weak EV sales, while affordability remains a concern. For a second consecutive month, winter weather may have had an impact, with a snowstorm in the Northeast the culprit in February. Average transaction prices reached US$45,876 in February, down by US$327 MoM, but up by 1.8% YoY. Canadian Light Vehicle sales totaled an estimated 119k units...

Market & Tech Reports  Updated at: 2026/03/24

its/year in January, from 16.3 mn units/year in December. Although January typically sees a slowdown as the market pauses for breath after the end-of-year rush, January 2026 was also impacted by severe winter weather, which likely kept sales subdued over the final two weekends of the month. Average transaction prices reached US$46,204 in January, down by US$943 MoM, but up by 1.9% YoY. Incentives averaged US$3,335 in January, down by US$288 MoM, ...

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

onths ago. While there is some improvement in market conditions in Europe and Asia, the bulk of the reason for greater optimism relates to the North American market, where incoming actual data has exceeded expectations. The market has continued to post solid selling rates, helped by average vehicle transaction prices staying stable, even in a higher tariff environment than seen at the start of 2025.  ChinaIn January-November, LV sales...

Market & Tech Reports  Updated at: 2026/01/30

ter-Media Consultant Co., Ltd. (IMC), the top five car brands by bookings were Toyota (10,872 units), Honda (6,278), BYD (6,212), Omoda and Jaecoo (5,217), and GAC (5,019). Among motorcycles, Lambretta led with 785 units, followed by Yamaha (680), Deco (654), EM (618), and Zontes (615). The average transaction price at the event was THB 1,122,347 per car and THB 177,637 per motorcycle. Enhanced transport services and VIP experiences drew 1,521,29...

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

1,000 units. In third place was the Zeekr 9X with 9,000 units. Geely’s overall electric vehicle sales were up 23.8% y/y to 177,000 units. For the full year of 2025, sales were 1.903 million units, up 69.4% from the previous year.   On December 24, Geely Automobile announced that it has completed transactions related to the privatization (privatization transaction) and merger of its subsidiary Zeekr Intelligent Technology Co., Ltd. Geely Automo...

Market & Tech Reports  Updated at: 2026/01/26

d basis. The annualized selling rate accelerated to 16.3 mn units/year in December, from 15.8 mn units/year in November. End-of-year sales events and tax write-off provisions for larger vehicles seemed to drive healthy sales in December, even if depressed EV sales were a drag on the market. Average transaction prices were US$47,214 in December, up by US$1,009 MoM - likely due to a richer sales mix - and up by 1.8% YoY. Sales grew by 2.4% YoY for ...

Market & Tech Reports  Updated at: 2026/01/21

ter-Media Consultant Co., Ltd. (IMC), the top five car brands by bookings were Toyota (10,872 units), Honda (6,278), BYD (6,212), Omoda and Jaecoo (5,217), and GAC (5,019). Among motorcycles, LAMBRETTA led with 785 units, followed by YAMAHA (680), DECO (654), EM (618), and ZONTES (615). The average transaction price at the event was THB 1,122,347 per car and THB 177,637 per motorcycle. Enhanced transport services and VIP experiences drew 1,521,29...

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

from 15.3 mn units/year in October. Although the lack of EV tax credits was again a drag on sales, the rest of the market performed relatively well, considering that economic concerns and cost pressures due to tariffs could have caused a much more severe slowdown than we have seen thus far. Average transaction prices were US$46,205 in November, down by US$207 MoM, and up by a modest 2.0% YoY, below inflation overall. Canadian Light Vehicle sales ...

Market & Tech Reports  Updated at: 2025/12/19

reement with Apollo Group, a U.S. investment fund, in order to achieve long-term growth amid rapid changes in the automotive industry. The Apollo fund will acquire 80% of PAS shares and 20% of Panasonic Holdings. Panasonic Holdings will jointly manage the business as an equity method affiliate. The transaction is expected to be completed by the end of the 2024 fiscal year. Motherson Yachiyo Automotive Systems Co., Ltd. (formerly Yachiyo Industry...

Market & Tech Reports  Updated at: 2025/12/15

ia International Auto Show (GIIAS), held from July 23 to August 3, more than 38,000 vehicles were sold, up from 34,887 units in 2024. GAIKINDO’s Chairman described the results as remarkable, highlighting strong consumer and commercial demand despite challenging market conditions. However, overall transaction values declined due to heightened price competition. Visitor attendance rose around 7% to 485,569, reflecting sustained public interest in...

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

own from 52,100 units/day in September, and the annualized selling rate slowed to 15.3 mn units/year in October, from 16.4 mn units/year in September. The removal of EV tax credits hindered the market in October, with attempts to support demand through OEM incentives seemingly falling flat. Average transaction prices were US$46,412 in October, up by US$485 MoM and 3.0% YoY, as EVs became more expensive. Incentives averaged US$2,835, down by US$37...

Market & Tech Reports  Updated at: 2025/11/21

a now assumes that the trade-in scheme in China will be extended once again, until the end of 2026.-The Trump administration’s policy approach to trading partners added greater uncertainty for the US LV market’s 2025 outlook. However, OEMs have adopted a wait-and-see approach, such that vehicle transaction prices have not been cranked up, while deals coming through with trading partners are also helping to de-escalate pricing pressures moving...

Market & Tech Reports  Updated at: 2025/10/29

as completed.With this integration, in addition to the Almera, Kicks e-POWER, Navara, and Terra, the company plans to produce new models in the future. India Oragadam(shared withRenault) Nissan transferred its 51% stake in Renault Nissan Automotive India Pvt Ltd (RNAIPL) to the Renault Group. The transaction was completed by the first half of 2025, after which the Renault Group owns all the shares of RNAIP. (Nissan's production in India will co...

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

ng on the model and vehicle class, and are also increasingly used in mini cars. The use of pop-up hoods as a pedestrian protection device is increasing among automakers, but pedestrian protection airbags have been adopted by Subaru since 2016 in Japan, and have since been expanded to more models. Transaction / delivery status of each supplier Toyoda Gosei Co., Ltd. The company is a Toyota Group supplier of plastic and rubber products, primaril...

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

er, slightly up on the August result. Some of September's strength was derived from pulled-forward EV sales, as federal tax credits ceased at the end of the month. However, even non-EVs performed well, as OEMs absorbed tariff costs, limiting the impact on pricing for most mainstream brands. Average transaction prices were US$45,927 in September, up by US$933 MoM, while incentives averaged US$3,214 in September, up by US$121 MoM. Canadian Light Ve...

Market & Tech Reports  Updated at: 2025/10/21

he annualized selling rate decelerated to 16.1 mn units/year in August, from 16.6 mn units/year in July. The Labor Day weekend was counted in August, but sales were robust throughout the month, rather than only at the close. So far, tariffs are having little effect on pricing or sales, with average transaction prices at US$44,994 in August, down by US$139 MoM, while incentives averaged US$3,093 in August, down by US$19 MoM. Canadian Light Vehicle...

Market & Tech Reports  Updated at: 2025/09/22

external factors such as the worsening economic situation. In July 2023, NSK sold 50.1% of NSK Steering & Control, Inc. (NS&C) to an investment fund. The company is a joint venture with Japan Industrial Solutions III Investment Limited Partnership (JIS, Tokyo), a Japanese investment fund. After the transaction, NS&C will go from being a 100% consolidated subsidiary to a 49.9% equity method affiliate of NSK. In March 2024, the steering business an...

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

ated sales were KRW 8,393,087 million (fiscal year ended December 2023). The company had 3,982 (non-consolidated) employees (as of December 31, 2023). Sales by region are 44% in South Korea, 27% in China, 18% in the U.S., 10% in India, and 17% in other countries including Europe (excluding internal transactions and consolidation adjustments). In February 2021, Mando turned Mando Halla Electronics, a 50:50 JV with the Halla Group, into a wholly ow...

Market & Tech Reports  Updated at: 2025/08/21

g that sales increased by 4.6% YoY on a selling day-adjusted basis. The annualized selling rate accelerated to 16.6 mn units/year in July, from 15.2 mn units/year in June. As OEMs continue to assess tariff impacts, and seem to be unwilling to hike prices significantly ahead of their rivals, average transaction prices fell in July, to US$45,134, down by 2.0% MoM. Average incentives rose by US$334 MoM, to US$3,112, enabling the remarkably strong Ju...

Market & Tech Reports  Updated at: 2025/08/20