he plant and the new company comes to fruition, Workhorse would own approximately 10% of Lordstown Motors and provide technology for the planned full-size pickup truck named Endurance for commercial customers that would go into production in late 2020. On November 7, startup Lordstown Motors Corp. (LMC) announced it has purchased the closed General Motors plant in that city as its new headquarters and manufacturing site for an EV pickup truck nam...

OEM Plants  Updated at: 2024/12/13

owners of parent -Net income was JPY 9.9 billion, down 73.4% from the previous year. It decreased by JPY 27.2 billion from the previous year's net income.   *The above financial information is automatically updated based on the announcement of the company's financial results. Full Year Earnings Forecast Progress Against Full-Year Forecasts Results Earnings Forecast(Full Year) Net sales 101% 1,211.9 billion 1,200.0 ...

Major Suppliers  Updated at: 2024/11/21

makers have 62.5% share; BYD leading with 1,607,000 units; Japanese OEMs below 1.5 million units Exports grow 30.5% to 2,793,000 units; Lexus brand tops the list of imports Top 3 NEV sellers are BYD, Tesla, and SAIC-GM-Wuling China H1 2024 vehicle sales (ex-factory) by major groups GlobalData Sales Forecast: Chinese light vehicle sales will reach 26.3 million units in 2027  In the first half of 2024 (H1, January-June), new vehicle sales i...

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

d lithium supply contracts with four companies Ford Pro commercial vehicle business: Producing commercial vans in Romania and Turkey, with an EV version coming in 2024 U.S. market: Demand for pickup trucks, SUVs, and hybrid vehicles drives sales New vehicle launch plans in the U.S. GlobalData Sales Forecast: Ford Group’s light vehicle sales will be 3.86 million units in 2027   Ford Motor Company (Ford) had previously set a goal of producing 60...

Market & Tech Reports  Updated at: 2024/05/29

tion of automated driving commercialization, promote IM Motors’ AI for Mobility strategy Internationalization: Targeting sales of over 1.2 million units outside China in 2023 and global MG sales of 1 million units in 2024 SAIC Group sales volume in China (factory shipment volume) GlobalData Sales Forecast: SAIC Group’s light vehicle sales in 2027 will be 3.02 million units   According to MarkLines data, although SAIC Motor Corporation...

Market & Tech Reports  Updated at: 2024/03/25

d; overseas sales volume surges Commercial Vehicles: Establishing a subsidiary to enter the FCV commercial vehicle market Production and sales: Haval accounts for more than half of the sales volume; transition to NEVs is gradual Great Wall Motor's sales volume in China (ex-factory) GlobalData Sales Forecast: GWM’s light vehicle sales in 2027 will be 1,570k units Haval Raptor PHEV (Source: Haval)   According to Great Wall Motor Co., L...

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

2025 Establishment of a medium- to long-term partnership with Panasonic Energy for the supply of batteries Working on carbon neutral (CN) fuel utilization and aiming for practical application Mazda's financial results: All profit items expected to reach record highs in FY2023 GlobalData production forecast: Mazda to produce 1.27 million light vehicles in 2026 CX-90 PHEV (North American specifications)(Source: Mazda press release dated Febr...

Market & Tech Reports  Updated at: 2023/12/22

e New CO2 regulations under the Biden administration: 67% BEV ratio assumed for MY2032 California regulation: 100% ZEV ratio in MY2035 Charging network development: GM, Ford, and three Japanese OEMs use Tesla's Supercharger network UAW strike: New labor agreement with Detroit Three GlobalData Sales Forecast: Light vehicle sales in the US will be 16.8 million units in 2026 2024 Chevrolet Blazer EV (Source: Chevrolet)   In August 2021, th...

Market & Tech Reports  Updated at: 2023/11/24

our of the nine models are PHEVs, with an EV range up to 115km IAA Mobility 2023: Concept and production models New entertainment and navigation features via OTA Building a high-power charging network globally Performance: sales and EBIT up from 2021, sales volume up from 2022 GlobalData Production Forecast: Mercedes-Benz Group’s production in 2026 will be 2.77 million units Concept CLA Class (exhibited at IAA Mobility 2023)   The Mer...

Market & Tech Reports  Updated at: 2023/09/28

A Autonomous driving: Semi-automated driving system approved for the first time in Germany China: Launching 11 EVs in 2023 across all its brands BMW Group’s unit sales increase by 4.7% to 1.22 million units in H1 2023 BMW Group upgrades its 2023 outlook with strong H1 performance GlobalData Sales Forecast: BMW’s light vehicle sales expected to increase to 2.72 million units in 2026 BMW’s next-generation EV concept car Vision Neue Kla...

Market & Tech Reports  Updated at: 2023/09/27

ger car market segment structure OEM analysis of passenger car market Government stimuli for the automotive industry and e-mobility Schemes for electrification and eco-friendly vehicles Regulations: BS-VI OBD 2 emission standards, and Bharat NCAP Medium-term trends in the passenger car market Sales Forecast by GlobalData (formerly LMC Automotive): Indian light vehicle sales will reach 5.05 million units in 2026 Passenger Vehicle sales in In...

Market & Tech Reports  Updated at: 2023/09/19

es position from Toyota China sales situation: Decline in sales of Wuling brand vehicles, declining market share Brazil: Introducing a state-of-the-art pickup truck in February 2023 GM's global performance: Net income improves 7% in H1 of 2023 due to increased sales in the U.S. GlobalData (formerly LMC Automotive) Production Forecast: GM Group’s light vehicle production forecast rising gradually, to reach 5.13 million units in 2026 Buick ...

Market & Tech Reports  Updated at: 2023/09/15

vehicles Foreign-capital joint ventures: FAW-VW and FAW-Toyota to renovate plants and accelerate introduction of NEVs Business overview: Foreign brands account for 80% of sales volume, Hongqi brand and NEVs are growing rapidly FAW Group's sales volume in China (factory shipments) GlobalData Sales Forecast: FAW Group’s light vehicle sales in 2026 will be 484k units Hongqi media launch at Auto Shanghai 2023 (Source: FAW)   According t...

Market & Tech Reports  Updated at: 2023/09/13

s, Japanese automakers are sluggish with 1.749 million units Exports of finished vehicles increased 75.7% to 2.14 million units, with the Mercedes-Benz brand topping imports Top 3 NEV sellers are BYD, Tesla, and GAC Aion China H1 2023 vehicle sales (ex-factory) by major groups GlobalData Production Forecast: Chinese light vehicle production will reach 29.2 million units in 2026   In the first half of 2023 (H1, January-June), new vehicle s...

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

%. Mitsubishi Motors: 30% increase in R&D and capital expenditures over the next six years Subaru: Producing BEVs in the U.S., aiming for global BEV sales of 600,000 units (50% of total sales) in 2030 FY2022 performance and FY2023 outlook of Japanese passenger car manufacturers GlobalData (formerly LMC Automotive) Sales Forecast: Sales in Japan in 2026 will be 5 million units Electrified vehicle assembly plants and battery plants in Japan(S...

Market & Tech Reports  Updated at: 2023/08/18

aysian 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: ASEAN sales to grow to 4.02 million units in 2026 Wuling Hongguang MINI EV compact EV (Production began in Vietn...

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

strategy, all-new BEV-exclusive RZ 450e Expanding PHEV lineup: Available on new Alphard, Lexus TX, and other large vehicles Consolidated sales volume is expected to increase by 8.8% to 9.6 million units in the fiscal year (FY) ending March 2024, with higher revenue and profits GlobalData (formerly LMC Automotive) Production Forecast: Toyota Group’s production in 2026 will be 11.3 million units The bZ Sport Crossover Concept made its worl...

Market & Tech Reports  Updated at: 2023/07/14

SUV for the U.S. Renault Korea (former Renault Samsung): Geely Automobile secures a 34% stake KG Mobility (former Ssangyong): Focusing on mobility technology under the KG Consortium Korean vehicle production, sales and exports: output increasing with parts shortages easing from 2H 2022 Production Forecast by GlobalData (formerly LMC Automotive): Korean light vehicle production expected to be 3.91 million units in 2026   The Korean government h...

Market & Tech Reports  Updated at: 2023/07/05

LMC Automotive blog: Turkey’s LV market under President Erdoğan’s rule and its future In 2022, the Turkish light vehicle (LV) market registered 783k units as OEMs struggled to fulfil backlogged orders on the back of a stringent supply situation. Coming into 2023, the market has surged. LV sales totalled 236k units in Q1 – 55.2% higher than Q1 2022 sales. This was also significantly higher than the 10-year Q1 average of 156k units. This blo...

News  Updated at: 2023/07/04

rio intelligence Production system: Qingdao gigafactory starts production, construction of Chery Automotive Parts Industrial Park begins Business overview: Sales and sales volume reach record highs in 2022, with rapid growth of NEVs Chery Holding Group’s sales volumes in China (factory shipments) LMC Automotive’s Sales Forecast: Chery Group’s light vehicle sales in 2026 will be 1.62 million units Chery Automobile 2023 "New Energy Nigh...

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