% year-over-year (y/y) to 1.197 million units and sales fell by 13.9% y/y to 866,000 units. GAIKINDO has set the 2025 sales target at 900,000 units, up 4% from the previous year.   GAC Aion’s Aion V(launched in November 2024, compact electric SUV) Indonesia's vehicle production, sales and exports(Source: Created by MarkLines based on GAIKINDO's data)   Related reports:ASEAN Vehicle Sales and Production Update (Q1 2025) (May. 2025)In...

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

Sunwoda) of China is expected to start up a new plant. According to a forecast released by the Federation of Thai Industries (FTI) in January 2025, vehicle production in 2025 is expected to increase by 2.1% year-over-year (y/y) to 1.5 million units. The breakdown is as follows: 1 million units for export (down 1.9% y/y) and 500,000 units for domestic sales (down 21.2% y/y). Production for export is also expected to be affected by the tariff incr...

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

Riddara, Rolls-Royce, Suzuki, Toyota, Volvo, XPeng, and Zeekr. Additionally, the two-wheeler segment will showcase BMW Motorrad, Harley-Davidson, Thai Honda, Kawasaki, Royal Enfield, Suzuki, Strom, Triumph, Yadea, Yamaha, and more.   Some of the key highlight models at the show include the Toyota Yaris Ativ HEV, BYD Shark 6, Deepal S05, MG IM6, AION UT, Nissan Serena e-Power, Mitsubishi Xforce HEV, Jaecoo 7 SHS PHEV, Isuzu TFR Dragonmax, Omoda ...

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

hions to ZF. In February 2019, Rane TRW Steering Systems (RTSS) announced the opening of an occupant protection products plant in Tiruchirappalli, Tamil Nadu, India. In response to market demand, the new facility will supply airbag cushions and cushioning base fabrics for the parent company and for export. The initial annual production capacity of the new facility with an investment of INR 400 million is 500,000 airbag modules and 1 million seatb...

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

mmary Electrification: Battery and powertrain plants in operation, installation of all-solid-state batteries in vehicles in 2026 Intelligent driving: 3-year focus on intelligent driving, intelligent cockpit, and mobility Globalization: KD plants to be located in Africa and Southeast Asia, targeting exports of 500K units by 2030 JVs with overseas OEMs: Adjustment of GAC Mitsubishi and GAC Hino, conversion to electrification of GAC Toyota and GAC H...

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

e enhanced EU Battery Regulation*, entered into force in August 2023 with application from February 2024. This regulation applies to all businesses distributing batteries in the EU, and applies to all batteries used within the EU. Failure to comply with the regulation will result in restrictions on exports to the EU. ＊ III-1-6 Individual descriptions In addition, in October 2023, the European Commission launched an investigation into Chinese-ma...

Market & Tech Reports  Updated at: 2024/10/18

ASEAN (2) Increase in Chinese car production Sales in Thai and Indonesian markets decline, electric vehicles grow Summary ASEAN vehicle production: Four major countries produce 4.1 million units in 2023, down 1% from 2022 Thailand and Indonesia export 1.12 million and 510,000 vehicles, respectively, in 2023 ASEAN new vehicle sales in six major countries decline 0.7% to 3.4 million units in 2023 Sales Forecast by GlobalData: ASEAN sales to grow to...

Market & Tech Reports  Updated at: 2024/10/02

and the measure will be extended until the end of 2025.   This Part 1 of the report series focuses on the electrification policies of ASEAN countries, EV launch and production plans, and EV battery manufacturing plans. In the second part, "ASEAN (2)," the focus of the report will be on production, exports, and sales in the ASEAN market, as well as sales forecasts by GlobalData. Neta Auto’s electric SUV Neta V-II (production began in Tha...

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

joint venture, Toyota Boshoku AKI USA, LLC, with plans underway to supply seats to Mazda Toyota Manufacturing, U.S.A., Inc., a U.S. joint venture of Toyota Motor Corporation and Mazda Motor Corporation. In October 2021, the new joint venture began production of seat components for Toyota's Corolla Cross compact crossover SUV.   In China, Japanese suppliers are focused not only on supplying complete seats to local automakers, but are also using ...

Market & Tech Reports  Updated at: 2024/08/01

shions to ZF. In February 2019, Rane TRW Steering Systems (RTSS) announced the opening of an occupant protection products plant in Tiruchirapalli, Tamil Nadu, India. In response to market demand, the new facility will supply airbag cushions and cushioning base fabrics for the parent company and for export. The initial annual production capacity of the new facility with an investment of INR 400 million is 500,000 airbag modules and 1 million seatb...

Market & Tech Reports  Updated at: 2024/04/25

ntinue in 2024 EV sales in Indonesia: 2023 sales increase 40% to 17,000 units Utilizing nickel ore to make Indonesia EV battery production hub Mitsubishi, Hyundai to increase production capacity, Citroen, BYD, Neta to start local manufacturing 2023 sales in Indonesia decline 4% to 1.01 million, CBU exports grow 7% to 510k Domestic market: Japanese OEMs launching several HV/PHV models Production Forecast by GlobalData: Indonesian production expect...

Market & Tech Reports  Updated at: 2024/04/12

certain requirements. Energy Absolute based in Thailand, SAIC Motor-CP, Chinese companies Gotion High-tech and SVOLT, and Thai PTT’s subsidiary Arun Plus are producing EV batteries.   2023 vehicle production in Thailand decreased by 2.2% year-over-year (y/y) to 1,841,686 units. Finished vehicle exports from the country increased by 11.7% y/y to 1,117,539 units, while domestic sales declined by 5.1% y/y to 841,448 units. Sales in Thailand were...

Market & Tech Reports  Updated at: 2024/03/05

any launched the i-MiEV in 2009 and the Minicab MiEV in 2011, with batteries made by Lithium Energy Japan (LEJ) and Toshiba, but both models were discontinued in 2021. However, due to strong demand from logistics companies, production of the Minicab MiEV resumed in 2022 . The latest model is the EK Cross EV (sibling to the Nissan Sakura) that was launched in 2022. The PHEV Outlander, which was launched in Japan in 2021, is planned to be rolled ou...

Market & Tech Reports  Updated at: 2023/11/01

steer-by-wire (SBW) system that physically separates the steering and tires for the bZ4X and Lexus RZ electric vehicles. This is the world's first in a mass-produced vehicle. The steering wheel steering angle is as small as 150 degrees, and the tires are fully turned before the arms are completely crossed. It eliminates the need to turn the steering wheel around and around when parking.   In this way, power steering systems have generally beco...

Market & Tech Reports  Updated at: 2023/09/07

to reach 921,512 units.   On July 25, the FTI announced the adjustment of its 2023 target for local vehicle production from 1.95 million units to 1.9 million units, of which the production for domestic sales’ predicted figure was lowered from 900,000 units to 850,000 units, while production for exports stays at 1.05 million units. The 4 reasons behind this adjustment are (i) financial institutions’ stringent auto loan conditions, (ii) Thail...

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

ASEAN (2): Production and sales recovering to pre-pandemic levels Thai sales low due to chip shortages; Indonesian, Malaysian sales up with tax breaks Summary ASEAN vehicle production grows 24% to 4.15 million units in 2022 Thailand and Indonesia export 1 million and 470,000 vehicles, respectively, in 2022 ASEAN new vehicle sales in six major countries increase 25% to 3.42 million units in 2022 GlobalData (formerly LMC Automotive) Sales Forecast:...

Market & Tech Reports  Updated at: 2023/08/17

established a joint venture, Toyota Boshoku AKI USA, LLC, with plans underway to supply seats to Mazda Toyota Manufacturing, U.S.A., Inc., a U.S. joint venture of Toyota Motor Corporation and Mazda Motor Corporation. In October 2021, AKI USA began production of seat components for Toyota's Corolla Cross compact crossover SUV.   In China, Japanese suppliers are focused not only on supplying complete seats to local automakers, but are also using ...

Market & Tech Reports  Updated at: 2023/07/13

shions to ZF. In February 2019, Rane TRW Steering Systems (RTSS) announced the opening of an occupant protection products plant in Tiruchirapalli, Tamil Nadu, India. In response to market demand, the new facility will supply airbag cushions and cushioning base fabrics for the parent company and for export. The initial annual production capacity of the new facility with an investment of INR 400 million is 500,000 airbag modules and 1 million seatb...

Market & Tech Reports  Updated at: 2023/04/20

uch as subsidies, tax incentives, and charging infrastructure development. A wide range of electric vehicle models is available.   *Note 1: Vehicle data rounded off to the nearest thousand units*Note 2: The sales volume (shipment volume) for China has been changed to an aggregate figure excluding exports.     Sales of electric vehicles in the 11 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (14 countries in total) ...

Market & Tech Reports  Updated at: 2023/02/24

’s electrification policy: Booking for EVs and electric motorcycles surges with government’s EV subsidy programs Thai government’s incentives for EV battery production Energy Absolute and PTT set up EV charging facilities Production in January-October 2022 increases 12.4% to 1.54 million units Exports in January-October grow 5.5% to 801k units, exports to Europe drop significantly Thai auto market: Sales of passenger cars and commercial veh...

Market & Tech Reports  Updated at: 2022/12/12