Hyundai Motor Group’s Production Dropped Below 1 Million Units in 2019 in China
The Hyundai Motor Group is fighting an uphill battle in the Chinese market. The group was once selling 1.8 million automobiles annually in China, but following the deployment of THAAD missiles in South Korea in 2017, which prompted China to boycott South Korean products, Hyundai Motor Group’s production and sales dropped some 50% in China by 2019. Under these circumstances, Hyundai Motor Group has been implementing a business revival plan in China since 2019 with the aim of drastically revamping its Chinese business. However, sales of products launched iRead more...
|2020.03.23||China||New Models Sales Production Policy||Toyota Motor Focuses on Capacity, Product Development to Accelerate Electrification in China|
|2020.03.16||China||Manufacture New Models Sales||Chery Automobile Focuses on New-energy Vehicle, Connected Technology Development|
|2020.03.09||China||Manufacture New Models Market||China’s SUV Market: Chinese Share Declines; EU, Japanese Companies Expand Sales|
|2020.03.02||China||Government Policy Production etc.||Impact of New Coronavirus: Chinese Automobile Production Forecast to Decline 600,000 Units in January, 1.13 Million Units in February|
|2020.03.02||China||Technology||China’s BEV Charging Infrastructure Increased to 1.21 Million Charging Poles in 2019|
Toyota Motor Slightly Declined in the US in 2019, RAV4 Sales Maintained Record High Level
Toyota’s (including Lexus) light vehicle sales in the United States fell 1.8% year-on-year in 2019 to 2.3 million units. Although sales have declined for the fourth consecutive year after peaking at 2.49 million units in 2015, sales volume has remained above 95% of the peak level in 2019, maintaining strong performance. As the US market as a whole fell 1.5%, Toyota's share declined slightly to 14.0%. While passenger vehicles dropped 4.9% to 850,000 units, light trucks increased 750 units to 1.53 million units, indicating that the trend of shifting demanRead more...
|2020.03.23||Japan||Supplier Technology Policy||Akebono Brake Industry Closes Plants, Reduces Workforce in Accordance with Revitalization Plan|
|2020.03.16||Japan||Sales||Toyota Motor Surpassed Its Initial Domestic Target in 2019, Selling 1.61 Million Vehicles|
|2020.03.09||Japan||Market Import||Japan’s Imported Vehicle Market in 2019: Sales Plunge After Tax Hike, Typhoon|
|2020.03.02||Myanmar China Japan India Indonesia||Manufacture Finance Sales Production Personnel matters||Toyota Motor’s Global Production and Sales Are Expected to Slightly Increase in 2020|
Rico Auto Industries Enters BEV Parts Sector, Winning Orders from Renault, BMW, PSA
Rico Auto Industries, an automobile casting parts supplier in India, is diversifying its product lineup and business. The company manufactures cast aluminum and iron parts of engines, transmissions and suspensions. The engine parts and transmission parts businesses account for 80% of sales, its operations highly depending on internal combustion engine components. For this reason, the company has expanded its product range to motorcycle safety parts in recent years. Rico Auto Industries is also focusing on the development of BEV components such as motor hRead more...
|2020.03.23||India||Market||India’s Electric Vehicle Segment: Market Expansion, Domestic Production Are Underway|
|2020.03.16||India||Sales||India’s Automobile Market in 2019: Sales Declined 13% to 3.82 Million Units|
|2020.03.09||India Indonesia Vietnam||Supplier Production||Ashok Minda Group Strengthens Competitiveness of Security System Division|
|2020.03.02||India||etc. Manufacture Market||Motorcycle Sharing in India, Bounce, Vogo Expand Business Mainly in Bangalore|
Indonesia’s Automobile Market in 2019: Overall Sales Declined 10.5% to 1.03 million Units
Indonesia’s automobile market fell 10.5% year-on-year to 1.03 million units in 2019. By vehicle type, passenger vehicles fell 10.2% to 786,000 units and commercial vehicles declined 11.6% to 245,000 units, both going down double digits. The market continued to recover for three consecutive years from 2016 to 2018, but it dropped in 2019 due to falling commodity prices and uncertainties prior to the general election in April of the same year, sales decreasing to 1 million units. By brand, top brands declined across the board. Indonesia’s largest automaRead more...
|2020.03.23||Thailand||Sales||Thailand’s Automobile Market in 2019: Overall Sales Dropped 3.3% to 1 million Units|
|2020.03.16||Malaysia||Sales||Malaysia’s Automobile Market in 2019: Overall Sales Went Up 1% to 600,000 Units|
|2020.03.16||Indonesia S. Korea||Export Import Regulation||Hyundai Announced Business Expansion in Indonesia with the IK-CEPA|
|2020.03.09||Malaysia||Manufacture New Models Market||Proton: X70, Upgraded Saga Pushed Up Sales in 2019, Automaker Recovering to 2nd Place in Malaysia|
|2020.03.02||Vietnam Myanmar Thailand Malaysia Indonesia Asean||Manufacture Production||Lead-acid Battery Business in ASEAN, Hitachi Chemical Restructures Thai Operations|