Dongfeng Venucia Unveils New Platform, Reducing Dependence on Nissan’s Technology

2020-08-10 NEW

The Sino-foreign joint venture brand Venucia was first launched in 2010 under Dongfeng Nissan, a subsidiary of the Sino-Japanese automaker Dongfeng Motor (DFL). In February 2017, the brand was taken over by Dongfeng Venucia a subsidiary of DFL. Dongfeng Venucia’s sales declined 10.8% year-on-year to 118,000 units in 2019. In the first five months of 2020, sales fell 44% to 26,000 units. While the sales target of Dongfeng Venucia is set at 160,000 units for 2020, the company’s achievement rate stood at 16.3% as of May 2020. Despite the spread of the new cRead more...

Date Country Category Report Title
2020.08.03 China Technology Sales Production Baolong Automotive Increases TPMS Sales in 2019, Forms Tie-ups with Foreign Firms
2020.07.27 China Technology Sales Jing-Jin Electric Enhances NEV Drive System Production in Anticipation of Market Growth in China
2020.07.20 China Sales Export Policy Dongfeng Motor’s Commercial Vehicle Business Focuses on Autonomous Driving, 5G
2020.07.13 China Sales BYD’s BEV Commercial Vehicle Sales Drop Sharply in 2019 Due to Reduced Subsidies
2020.07.06 China Export Sales Chinese Automakers Step Up Exports to Emerging Markets, Strengthening Their Presence in Overseas Markets
2020.06.29 China New Models Sales Production Policy Geely Automobile Focuses on Connected and Autonomous Driving Technologies
2020.06.22 China Sales Policy Ford Motor Launches China-only Models, Localizes Lincoln Brand to Turn Around Sales in China
2020.06.15 China Production China’s xEV Passenger Vehicle Production Slows Down Significantly in 2019

Honda Motor’s Production in China Recovers After Drastic Drop Due to the New Coronavirus

2020-08-10 NEW

Honda Motor was forced to reduce production in February and March 2020 in China due to the spread of the new coronavirus, but it has returned to normal production by the end of April. Production has been increasing since then. Honda’s production in China increased 4.3% from the previous year to 1.56 million units in 2019, setting a new record high. Dongfeng Honda, a joint venture with Dongfeng Motor, increased production 6.9% to 792,000 units in 2019. Honda’s other joint venture with GAC Motor called GAC Honda inched up 1.6% to 762,000 units. DongfengRead more...

Date Country Category Report Title
2020.08.03 Japan Sales Isuzu: FY2019 Financial Results First Decrease in 8 Years, Possibly Continued to FY2020
2020.08.03 Japan Sales Policy Volvo Car Strengthens Electric Vehicle Lineup, Online Sales in Japan
2020.08.03 Japan Sales Hino: FY2019’s Earnings and Profits Decreased Due to ASEAN Economic Recession and COVID-19
2020.07.27 China Japan Production Policy Nissan Motor’s Automobile Production Exceeds 1.3 Million Units in China in 2019
2020.07.20 Japan Sales Policy Nissan Motor Plunges into the Red in FY 2019 for the First Time in 11 Years
2020.07.13 Japan Indonesia Sales Production Mitsubishi Motors Increases Annual Production Capacity in Indonesia to 220,000 Units
2020.07.06 Japan Sales Toyota Motor’s Sales Revenue and Operating Profit Slightly Decline in Fiscal 2019
2020.06.29 Japan Sales Production Suzuki Motor’s Improving Operating Income Was Dealt a Blow by the New Coronavirus in Q4 of FY 2019
2020.06.22 Japan Production Overseas Production of Japanese Automakers Declines in All Major Markets Except China in 2019
2020.06.15 Japan Technology Policy Toyota Motor Is Considering Commercialization of “Flying Cars” in the Early 2020s

India’s Steel Industry: ArcelorMittal and Nippon Steel Acquire Essar, Aichi Steel Invests in Vardhman

2020-08-10 NEW

In India, automobile steel manufacturers are actively carrying out M&As and capital tie-ups in recent years. In 2019, India’s crude steel production stood at 111.24 million tons, the second largest in the world after China for the second consecutive year. The scale of India’s steel industry is expected to continue growing, with the government having a long-term plan to increase crude steel production capacity to 300 million tons by 2030. In anticipation of this growth potential, ArcelorMittal and Nippon Steel jointly acquired India’s Essar Steel at the eRead more...

Date Country Category Report Title
2020.08.03 India Sales Production Impact of the New Coronavirus in India: Automobile Production and Sales Were Suspended for Nearly Two Months
2020.07.27 China Market Sales India’s 2019 Passenger Vehicle Market by Fuel Type: Diesel Vehicle Ratio Drops for Seventh Consecutive Year
2020.07.20 India Sales Policy Tata AutoComp Systems Increases Partnerships in the BEV Parts Sector
2020.07.13 India Sales Production Export Bajaj Auto Improves Market Share by Boosting Sales of 125cc Motorcycles
2020.07.06 India Sales Market India’s Automobile Sales by Segment in 2019 Decrease 13.4% to 3.85 Million Units
2020.06.29 India Sales Production Export India’s Motorcycle Production Drops in 2019 Due to Economic Downturn, Tightened Emission Regulations
2020.06.22 India Sales Production Export Policy Nissan Motor’s 2019 Production and Sales Drop Double Digits in India
2020.06.15 India Japan Sales Production Export Policy Suzuki Motor Expands Production Capacity and Sales Network in India to Remain on Top

Perodua expands its market share to 40% in Malaysia, plans to launch a new compact SUV in the latter half of 2020

2020-08-10 NEW

Perodua has recorded a 39.8% market share in Malaysia in 2019. The company increased sales to 240,341 units, representing a 5.8% jump over the sales in 2018. This remarkable sales performance and a record production volume were mainly driven by Aruz, the first SUV launched in January 2019. In order to secure its strong presence, Daihatsu intends to constantly launch new models, including another compact SUV based on Daihatsu Rocky/Toyota Raize in the latter 2020. At the beginning of 2020, Perodua has set a yearly sales target of 240,000 units and a yeRead more...

Indonesia’s Automobile Market by Segment in 2019: Sales Decrease 10.6% to 1.03 Million Units

2020-08-10 NEW

The Indonesian automobile market decreased 10.6% year-on-year to 1.03 million units in 2019. Sales fell double digits due to the shrinking demand for new automobiles. Passenger cars, SUVs and MPVs each fell around 10%. There were no major trend changes regarding vehicle types or segments, small MPVs remaining the largest segment in Indonesia. Passenger car sales dropped 8.9% to 165,000 units. Of which the A segment fell 15.3% to 52,000 units a 50% drop compared to 2015’s level. The Toyota Agya and Daihatsu Ayla, two LCGC-compatible sister models decreRead more...

Date Country Category Report Title
2020.08.03 Philippines Sales Market The Philippines’ Automobile Market by Segment in 2019: Sales Increase 3.7% to 417,000 Units
2020.07.27 S. Korea Sales Production Export Policy SsangYong is at Risk Due to Deficit in 2019 and Withdrawal of Capital Injection by Mahindra
2020.07.27 Thailand Sales Market Thailand’s Automobile Market by Segment in 2019: Sales Decline 3.3% to 1.01 Million Units
2020.07.20 S. Korea Sales South Korea’s Automobile Sales by Segment in 2019 Decline 1.7% to 1.78 Million Units
2020.07.13 Taiwan Sales Taiwan’s Automobile Sales by Segment in 2019 Increase 1.1% to 440,000 Units
2020.07.06 Vietnam Sales Vietnam’s Automobile Sales by Segment in 2019 Increase 13.3% to 386,000 Units
2020.06.29 Malaysia Sales Production Policy Malaysia’s Commercial Vehicle Sales Decline Double Digits Due to Restrained Public Investment
2020.06.22 Philippines New Models Sales Production Philippine Motorcycle Sales Reach Record High Level in 2019
2020.06.15 S. Korea Sales Policy South Korea’s EV Sales in 2019 Increased by 12%, HEV/BEV Incentives Gradually Cutting Down
2020.06.15 Indonesia Export Indonesia’s Automobile Exports Reach a New Record High in 2019